Suppose you want to have $5,000 saved at the end, Accounting Basics

Assignment Help:

Suppose you want to have $5,000 saved at the end of five years. The bank will pay you 2% interest on your money. How much would you have to deposit today to have the $5,000 you want at the end of five years.

Related Discussions:- Suppose you want to have $5,000 saved at the end

Common size financial statements, Common size Financial Statements: ...

Common size Financial Statements: Below this process, the total of the tasks side and the total of the possessions side of a Balance Sheet are taken as 100 and each item in

Explain about the management accounting, Explain about the Management accou...

Explain about the Management accounting Management accounting has also changed by becoming more outward looking in its focus. In past, information provided to managers has bee

What is date column in journal, Q. What is Date column in journal? The ...

Q. What is Date column in journal? The first column on every journal page is for the date. Intended for the first journal entry on a page this column contains the year and mont

Preference shares, how to account for the preference shares held by the inv...

how to account for the preference shares held by the investor

Explain about the petty cash, Explain about the Petty Cash Petty Cash ...

Explain about the Petty Cash Petty Cash It is a small amount of money which is kept in the office for making small expenditures. ($10, $25, $50, etc.) Business will conclude

Enumerate the term- cash discounts, Enumerate the term- Cash discounts ...

Enumerate the term- Cash discounts Offered to encourage prompt and early payment by buyer. Cash discounts are recorded in accounting records of both the buyer and the seller. S

External users of accounting information, Q. External users of accounting i...

Q. External users of accounting information? The external users of accounting information grouped into groups; everyone has different interests in the company and wants answers

Cash dividends across two accounting cycles, Recording and reporting stock ...

Recording and reporting stock transactions and cash dividends across two accounting cycles Davis Corporation was authorized to issue 100,000 shares of $10 par common stock and 5

Define gains and losses, Q. Define Gains and Losses? Gains are raise in...

Q. Define Gains and Losses? Gains are raise in equity net assets from peripheral or incidental transactions of an entity as well as from all other transactions and other events

Explain the terms assets and liabilities, Two friends, Joe and Bill, both h...

Two friends, Joe and Bill, both have carpentry skills and decide to go into business as partners together ?tting kitchen cabinets. Joe's uncle has agreed to provide £20,000 of capi

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages