The parents of a 8 - yr old boy have agreed to deposit $5 in their son's bank account on his 9th birthday and to double the size of their deposit every year thereafter until his 18th birthday. (a) How much will they have to deposit on his 18th birthday? $ 5120 Incorrect: Your answer is incorrect. (b) How much will they have deposited by his 18th birthday?

Q: Solution was marked wrong.

A: Future value refers to the concept of time, the value of money used for determining the value of…

Q: Why would it

A: Internal Control:   Internal control refers to the policies, and plans of the business organization…

Q: Give two examples of errors of principle?

A: Errors of principle refers to errors that are carried out at time of noting down transactions…

Q: Solution is totally wrong

A:

Q: The Sarbanes-Oxley Act requires the following?

A: Sarbanes-Oxley Act is formulated during 2002 under US federal law. The prime purpose of the act is…

Q: Question 8

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: nonrecurring

A: Extraordinary things vs. Nonrecurring Items: an summaryExtraordinary things area unit gains or…

Q: Req C is incorrect.

A: Equivalent unit of production is multiplied by cost per equivalent unit to compute the assignment of…

Q: Explanation 1031 like-kind exchange

A:

Q: Why is a preemptive right important?

A: Preemptive rights means the rights to  be offered to purchase a property before it is offered to…

Q: what is disinvestment ?

A: Disinvestment:  Disinvestment means selling off the assets such as manufacturing plant, a division,…

Q: True or false: IFRS is based on the same characteristics of information as AspE

A: IFRS:It stands for International Financial Reporting Standards, a set of accounting standards…

Q: Explain rebalance

A: Rebalancing is the strategy for realigning portfolio weightings. Rebalancing incorporates buying or…

Q: Which are the disadvantage of a C corp?

A: C corporation is the corporation that is taxed separately from its owners or shareholders.  In other…

Q: Why option A is incorrect?

A: revenue is generated by the business whenever  goods or services are sold by the business.this leads…

Q: please question d) e) and F)

A: in order to calculate Weighted average cost of capital it is important to know the cost of capital…

Q: What is an Anti-dilutive Security

A: Anti-dilutive securities are those securities that a company has issued and which can get converted…

Q: Under Tier 2 Mudaraba: The Mudarib contributes only managment. a. TRUE b. FALSE

A: Tier 2 Mudaraba : This is a pre Islamic Arabic type of finance under which one individual provides…

Q: Still do not. Understand, why type of annuitie is used?

A: The question is a follow-up question, and, the learner has reposted it to clear the confusion so…

Q: utio

A: In general, a "eligible rollover distribution" is any payment paid in a lump sum or over a period of…

Q: why would using a single WACC not be appropriate for valuing an LBO?

A: Leveraged Buyout (LBO) It is an acquisition in which the primary source of consideration is debt.…

Q: Example of someone use a derivative

A: Derivatives: These are the financial instrument, which derives their value from the price and the…

Q: Define uncertainity ?

A: "Uncertainty" in accounting refers to the difficulty of predicting outcomes because of limited or…

Q: Al Fathma LLC manufactures a line of equipinen this year, which also has a one-year quarantee if the…

A:

Q: why would it not be option A

A: The T1 personal tax return is the tax return form required to be filed by all taxpayers in Canada.…

Q: answer to that problem is zero?

A: Accured liabilities and the liabilities which need to prepare within 1 year and the said  to be…

Q: Give two examples of errors of commission?

A: Accounting error: Accounting errors can be defined as omission of the fundamental accounting…

Q: What is the primary difference between the APT and the CAPM?

A: APT is an abbreviation used for arbitrage Pricing Theory whereas CAPM is an acronyms used for…

Q: Not sure

A: Formulas: Minimum stock price = Face value / Convertible shares

Q: What are some types of divestitures?

A: A divestiture or divestment is the disposal of the company’s assets or a through sale, exchange,…

Q: Why woul it not be Schedule B

A: The Internal Revenue Service requires most payments of interest income to be reported on tax form…

Q: Explain the Nonrecourse clause?

A: A sum of money that an individual or company owes is called liability. It is an obligation between…

Q: These are wrong except for net position restricted

A: Net position is the position which has been determined to the government so that the position of the…