Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 24, 2024

33) Metlock, Inc. deposits $18000 in a fund at the end of each year for 6 years. The fund pays interest of 6% compounded annually.

33) Metlock, Inc. deposits $18000 in a fund at the end of each year for 6 years. The fund pays interest of 6% compounded annually. The balance in the fund at the end of 6 years is computed by multiplying

$18000 by the future value of 1 factor.

$108000 by 1.36.

$18000 by the future value of an annuity factor.

$108000 by 1.06.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting

Authors: Srivastava Lal, Jawahar Lal

5th Edition

1259026523, 978-1259026522

More Books

Students also viewed these Accounting questions

Question

★★★★★

Use the following data to calculate the requested ratios: * Prior- period inventory was 170. a. Current ratio b. Days accounts receivable c. Inventory turnover d. Days accounts payable outstanding e....

Answered: 1 week ago

Question

★★★★★

Whats schedule model data used for?

Answered: 1 week ago

Question

★★★★★

42. If Xi,i = 1,..., n are independent normal random variables, with Xi having mean i and variance 1, then the random variable n i=1 X2 i is said to be a noncentral chi-squared random variable. (a)...

Answered: 1 week ago

Question

★★★★★

Suppose that a lean work center is being operated with a lot size of 50 units. Assume that 200 parts are demanded per hour and it takes three hours to circulate a container, including all setup, run,...

Answered: 1 week ago

Question

★★★★★

Golden, Inc., has been manufacturing 5,000 units of Part 10541 which is used to manufacture one of its products. At this level of production, the cost per unit of manufacturing Part 10541 is as...

Answered: 1 week ago

Question

★★★★★

Sally is 52 vears old and has $160,000 of group term life insurance coverage from her employer for the entire year. How much will she include in her gross income for the year for this benefit? (Note...

Answered: 1 week ago

Question

★★★★★

1. Explain how organizations can create team players. 2. What is social loafing? How can the management undermine the tendency of social loafing? 3. Distinguish between high-context and low-context...

Answered: 1 week ago

Question

★★★★★

Determine the characteristic equation for longitudinal vibration of a bar of length L , elastic modulus E , and mass density p , that is fixed at the end x = 0 and has a mass m at the other end x = L...

Answered: 1 week ago

Question

★★★★★

Week 2 Prepare 1 : Week 3 Assignment Your first assignment is due next week. In this assignment, you will prepare and include a 2 5 0 3 0 0 word elevator pitch ( a short description of an idea,...

Answered: 1 week ago

Question

★★★★★

PART B Identify any specific issues with Moka s current accounting practices relating to revenue recognition and receivables management. Outline any other strengths and weaknesses with Moka s...

Answered: 1 week ago

Question

★★★★★

(a) During the audit of the Weak Bank (W), RBI has suggested that the Bank should either merge with another bank or may close down. Strong Bank (S) has submitted a proposal of merger of Weak Bank...

Answered: 1 week ago

Question

★★★★★

Recognize the impact that coworkers and organizations themselves have on employee behavior

Answered: 1 week ago

Question

★★★★★

Define motivation and describe the main approaches to understanding motivation at work

Answered: 1 week ago

Question

★★★★★

Identify the major external and internal factors that influence employee behavior

Answered: 1 week ago

Previous Question Next Question