What amount will be in the investment fund

Assignment Help Accounting Basics
Reference no: EM13135619

Vannoy Corporation will invest $30,000 every January 1st for the next six years (2012 - 2017). If Wagner will earn 12% on the investment, what amount will be in the investment fund on December 31, 2017?

Reference no: EM13135619

Questions Cloud

Plant well pty ltd : Plant Well Pty Ltd ("Plant Well") operates a nursery growing and selling garden plants. Charlie, Delta and Eric are the only directors and shareholders of Plant Well.
How would you reply to the ceo suggestion : Assume you are the CEO of Declining Corporation, How would you reply to the CEO's suggestion? Summarize your response including why you opted for or against the adoption IFRS.
Abstract thoughts as to why mcclelland''s acquired : abstract thoughts as to why McClelland's acquired needs theory is a good motivational method in an organization
Discuss the advantages and disadvantages : Discuss the advantages and disadvantages of having diverse accounting standards that are the product of each country's national environment.
What amount will be in the investment fund : Vannoy Corporation will invest $30,000 every January 1st for the next six years (2012 - 2017). If Wagner will earn 12% on the investment, what amount will be in the investment fund on December 31, 2017?
How much total cost would be allocated to assembly activity : Aberdeen Corp. uses activity-based costing system with three activity cost pools. The following cost information is provided: How much total cost would be allocated to the Assembly activity cost pool?
Describe at least one new strategy : Describe at least one new strategy for each of the following areas, explaining why you think each will contribute to your success as an online learner: • Planning• Time management• Studying• Effective technology use
Discuss how you believe xbrl will impact the financial : discuss how you believe XBRL will impact the financial reporting of public and private U.S. corporations.
Determine whether the omitted procedure is important : Determine whether the omitted procedure is important in supporting the auditors' opinion on the entity's financial statements. Engage another public accounting firm to conduct a quality assurance review.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Evaluate the current requirements for companies

Deduce extant problems with interim reporting and authoritative positions of the issues, and make recommendations you believe would help further resolve the problems. Provide specific examples to support your response.

  Explain he circumstances that result different treatments

Explain and justify the difference between the treatment of estimated uncollectible taxes in fund accounting and the treatment of estimated bad debts in commercial accounting.

  Net income or loss under discontinued operations

Ignoring income taxes, what amount should be reported in the 2010 income statement as the net income or loss under 'discontinued operations' ?

  Write down the journal entry

Write down the journal entry that is needed in order to record the acquisition of the bonds on January 1, 2005. Make sure to use the  NET  method.

  Design an effective auditing plan for the area

Given the inherit audit risks related to inventory valuation, design an effective auditing plan for this area that minimizes risk exposure for the auditing firm.

  Depreciation and book value of investment

Determine the depreciation and book value for each of the two investment groups for each year. Determine the gain/loss for tax purposes If the Group 5 and Group 7 assets are sold at the end of the planning period for a combined $500,000.

  Treasury stock purchase-reissue journal entry

Prepare journal entries (A,B,C) and show proper disclosure (C) to reflect the following treasury stock transactions showing how each is accounted for under the cost method. (show computation)

  Identify a real-life outsourcing decision

Identify a real-life outsourcing decision that has been made and the specific reasons for the outsourcing. If information is available, discuss the results of the outsourcing decision (jobs lost, cost savings, etc.). Cite sources as deemed necessa..

  Financial reporting and tax purposes

Maine Company reported a pretax operating loss of $150,000 for financial reporting and tax purposes in 2012. The enacted tax rate is 40% for 2012 and subsequent years.

  What is the budgeted dollar amount of merchandise purchases

Hanover Toy Store has budgeted sales of $48,000 for its electronics department in November. Management wants to have $11,000 in electronics inventory at the end of November. The beginning inventory of electronic toys is expected to be $9,000. What..

  Preparation of segmented income statement

Prepare a new segmented income statement for the company using the above format. Show both amounts and percentages.

  What is the period that government paid itnerest runs

On April 3, 2008, Mark filed his 2007 Income tax return, which showed a tax due of $80,000. On June 1, 2010, he filed an amended retrun for 2007 that showed an additional tax of $10,000. Mark paid the additional amount. On May 18, 2011, Mark filed..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd