Here are the general journal entries to summarize each of the transactions in Trevino Golf Company's general ledger accounts:
a. Purchases of direct materials during the month:
Materials Inventory (Raw Materials) $54,000
Accounts Payable $54,000
b. Materials requisitions issued by the production department:
Work in Process Inventory $55
Materials Inventory (Raw Materials) $55
c. Direct labor cost incurred during the month:
Work in Process Inventory $32
Wages Payable $32
d. Direct workers were paid in March:
Wages Payable $27,000
Cash $27,000
e. Actual overhead costs for the month:
Manufacturing Overhead Control $33,000
Accounts Payable $33,000
f. Overhead applied to jobs:
Work in Process Inventory $36,000 (2,000 hours x $18)
Manufacturing Overhead Control $36,000
g. Jobs completed during the month:
Work in Process Inventory $110,000
Finished Goods Inventory $110,000
h. Sales made during March:
Accounts Receivable $220,000
Sales $220,000
Cost of Goods Sold $120,000
Finished Goods Inventory $120,000
i. Closing of remaining manufacturing overhead balance:
Manufacturing Overhead Control $33,000
Cost of Goods Sold $33,000
The journal entries provided are based on the information given, but it is always advisable to consult with an accounting professional to ensure accuracy and compliance with accounting standards and specific business requirements.
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What is the purpose of a charitable organization?
Answer:
The purpose of a charitable organization is to promote the well-being of individuals and communities by providing services, resources, and support to those in need.
With the information provided below can you fill out what’s supposed to be filled in?
Without a health care plan approved by the IRS, the total annual salary and payroll tax expense is:
Salary per year: $95,000
Payroll Tax Cost: $7,267.50 (7.65% x $95,000.00)
$102,267.50 is the total annual salary and payroll tax expense.
With an IRS-approved health care plan, the total annual salary and payroll tax expense is:
Salary per year: $95,000
Employer's Insurance Contribution: $1,800 ($150.00 multiplied by 12).
($95,000.00 - $1,800.00) = $93,200.00 is the total amount of wages subject to social security and Medicare taxes.
Payroll Tax Cost: $7,120.80 (7.65% x $93,200.00)
($95,000.00 + $1,800.00 + $7,120.80) is the total annual salary and payroll tax expense.
In order to lower the amount of salaries liable to social security, Medicare, and federal income taxes, the corporation has an incentive to apply for IRS approval of its health care plan.
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Unfortunately, performance appraisals are not on the
top of the list of "favourite things to do" for either managers or
employees. In your opinion, why is this so?
Answer:
There are a number of reasons why performance appraisals are not on the top of the list of "favourite things to do" for either managers or employees.
They can be time-consuming and stressful. Performance appraisals can be a lot of work for both managers and employees. Managers have to gather data, write reports, and meet with employees to discuss their performance. Employees have to prepare for the appraisal, which can be stressful.
They can be subjective. Performance appraisals are often based on subjective factors, such as the manager's opinion of the employee's performance. This can lead to unfairness and bias.
They can be used for negative purposes. Performance appraisals can be used to justify firing or demotions. This can make employees feel like they are being watched and judged all the time.
Explanation:
Performance appraisals are often not considered as favorite activities by managers and employees due to several reasons. One reason is that appraisals can be seen as time-consuming and bureaucratic processes that require significant documentation and paperwork. Managers may feel overwhelmed by the administrative tasks involved, diverting their attention from other important responsibilities. Employees, on the other hand, may perceive appraisals as anxiety-inducing, as they may fear criticism or negative feedback about their performance.
Moreover, the subjectivity and bias associated with performance appraisals can contribute to dissatisfaction. Evaluating performance is a subjective process influenced by personal perceptions, relationships, and biases, which can lead to unfair assessments and dissatisfaction among employees. Additionally, appraisals may focus more on weaknesses and areas for improvement rather than recognizing and appreciating employees' strengths and achievements, which can demotivate and discourage employees.
Furthermore, performance appraisals are often seen as an annual or infrequent event, limiting their effectiveness in providing real-time feedback and support for employee development. This lack of regular communication and feedback can make the appraisal process feel disconnected from day-to-day work and hinder its perceived value.
To address these issues, organizations can consider adopting continuous performance management practices that emphasize regular feedback, coaching, and goal setting. By creating a culture of ongoing performance discussions and development, organizations can improve the effectiveness and acceptance of the appraisal process.
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If there are 100 transactions in a year and the average value of each transaction is $10, then if there is $200 of money in the economy, transactions velocity is _____ times per year.
Answer:
the answer is C:5 how I know: I did it
what are factors affect demand for labour
The factors that effect demand for labour are:
The quantity of a produt that labor produces
A change in the production process that uses more or less labor
A change in goverment policy that effects the quantity of labor
PLEASE
what is lean production? in details (GCSE) keywords.
Answer:
actually I am very sorry I didn't learn this I don't take business
Explanation:
Sorry would there be anything else I can help u with
What is advertising??
Answer:
the activity or profession of producing advertisements for commercial products or services.
Explanation:
Answer:
the activity or profession of producing advertisements for commercial products or services.
"movie audiences are receptive to advertising"
advertisements collectively.
"despite being instructed to take the signs down, he says he has no intention of removing the advertising"
Explanation:
dvertising is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform or influence people who receive them, as defined by the Advertising Association of the UK.
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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b. how is this rate used in time value analysis? c. is this rate a single number that is used in all situations?
The rate referred to in this question is likely the interest rate, which is a fundamental component of time value analysis. Time value analysis refers to the process of evaluating the value of an investment or financial asset over time.
The interest rate is a critical factor in time value analysis because it directly affects the present and future value of an investment. When evaluating an investment, investors typically use a discount rate, which is a rate used to convert future cash flows into their present value. This discount rate is typically based on the prevailing interest rate, adjusted for factors such as inflation, risk, and time horizon.
It is important to note that the interest rate used in time value analysis is not a single number that is used in all situations. The interest rate can vary depending on the specific investment being evaluated, the risk associated with that investment, and the economic conditions at the time of the analysis.
For example, a lower interest rate may be used when evaluating a relatively safe investment with a short time horizon, while a higher interest rate may be used when evaluating a riskier investment with a longer time horizon.
In conclusion, the interest rate is a crucial factor in time value analysis, and it is not a single number that is used in all situations. Instead, the interest rate used in time value analysis is based on the specific investment being evaluated, the level of risk associated with that investment, and the prevailing economic conditions at the time of the analysis.
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hi! this is my first day interning for the marketing department. i was asked to put together a customer persona report, but we haven't covered that term in my marketing classes yet. can you explain it to me?
A fake profile that stands in for a certain target client is known as a customer persona . Businesses often have a few numbers of them to serve the majority of their clientele.
They can assist you in figuring out how to communicate with individuals on a more personal level while giving the appropriate information, deals, and goods at the appropriate moment.
Personas are fictitious representations of groupings of comparable individuals in a target audience. They can assist you in figuring out how to communicate with individuals on a more personal level while giving the appropriate information, deals, and goods at the appropriate moment.
Most companies have several buyer personas, each of which elaborates on the factors that influence a customer's decision to purchase a good or service. For instance, the person's age, location, job description, objectives, and difficulties they face
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An example of a cost is _____.
revenues
principal and interest on loans
tornadoes
profits
Examples of Cost of Resources with an explanation. Will give brainliest
Answer:
A cost resource might represent an expense that you have during the life cycle of the project(s) that has a variation in rate each time it is used. Two good examples are Hotels and Flights
Explanation:
Research and planning skills involve
- speaking, writing, and listening
-identifying problems, gathering information, and imagining alternatives
- cooperating, providing support, and expressing feelings
- being punctual, managing time, and enforcing policies
Answer:
Research and planning skills involve - speaking, writing, and listening. -identifying problems, gathering information, and imagining alternatives. - cooperating, providing support, and expressing feelings. - being punctual, managing time, and enforcing policies.
Explanation:
What is the interest owed on a loan of $100 at 10% for 3 months?
Answer:
$2.50
Explanation:
The information is somewhat incomplete. It does not state whether simple or compound interest which could make a difference
I am assuming simple interest
The formula for simple interest is
I = Prt
where I is interest
P is amount of loan
r is annual rate of interest expressed as a decimal
t = number of years
We are given
P = $100
r = 10$ = 10/100 = 0.10
t = 3 months = 3/12 year = 1/4 th of a year
I = 100 x 0.10 x 1/4 = $2.50
In the normal operation of business, you receive a check from a customer and deposit it into your checking account. With your bank statement, you are advised that this check for $775 is "NSF." The bank also informs you that due to the amount of activity on your business account the monthly service charge is $75. During a bank reconciliation, you will a.subtract both values from the cash balance according to the company’s records b.subtract both values from the cash balance according to the bank statement c.add both values to the cash balance according to the bank statement d.add both values to the cash balance according to the company’s records
If I’m reading it correctly, the answer is b. These items are listed on the bank statement and subtracted from the cash balance on the company’s books.
Zach is looking for a homeowners insurance policy for his new house. AAA Insurance company has offered him a plan that insures his home annually for $0.36 per $100 of value in the home. In order to make calculations easier, Thompson’s Insurance lists their annual homeowners insurance premium a bit differently, at $3.63 per $1,000 of value in the home.
Zach’s house is worth $289,000. What should Zach be thinking as he chooses between the two insurance companies?
a.
$3.63 per $1,000 is approximately the same as $0.36 per $100. The premiums for the two insurance companies will be the same.
b.
The annual premium for his house would be cheaper through AAA.
c.
The annual premium for his house would be cheaper through Thompson’s.
d.
Since the two insurance companies list their premiums differently, the two cannot be compared.
Answer:
B
Explanation:
just did the test and got it right
The following are affected by the business structure you choose when you start your
business.
O a.
day-to-day operations, personal liability, and business name.
O b.
day-to-day operations, business location, and taxes.
О с.
profitability, personal liability, and taxes
O d.
day-to-day operations, personal liability, and taxes.
1
When you start business, the business structure you choose can affect your day-to-day operations, personal liability, and taxes.
What is a liability?Liability refers to the legal responsibility for one's actions or debts. It is an obligation to pay or perform something to another party. Liability can arise from various sources, such as contractual agreements, statutory laws, or common law. For instance, when a person borrows money from a bank, they have a liability to repay the loan amount to the bank within a certain period, according to the terms and conditions of the loan agreement. Liability can also arise from a person's actions or omissions that result in harm or damage to others. In such cases, the person may be held liable for the damages caused and may have to compensate the affected parties for their losses.
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What is one way to avoid plagiarism?
give credit for information taken from a source
copy information from a source word for word
use an excerpt from a source without identifying it
repeat a quote without mentioning the original speaker
Answer:
Give credit for information taken from a source.
Explanation:
Answer: (A) Give credit for information taken from a source.
Explanation: right on edge 2020
9 48. The stages of human development are: 1.Clear and distinct 2.Varied from person to person 3.Easily navigated 4.Only physical traits
Answer:
2. VARIED FROM PERSON TO PERSON
Explanation:
1) Nelson Company began operations on December 1, Year 1. The following transactions and adjustments were recorded in December and posted to the company’s ledger accounts:
5) Purchased $500 of supplies on account to be used in January
1.1) Acquired $3,800 cash from the issue of common stock to its stockholders
2.2) Provided services on account for $3,300
3.3) Paid $1,900 cash for land
4.4) Owed $1,400 of salaries expenses to employees for work done in December that will be paid during January
5.6) Collected $1,700 from customers
What is the total of the debit account balances that will be reported on the company's adjusted trial balance at December 31, Year 1?
A) $6,900
B) $9,000
C) $5,200
D) $3,500
The total of the debit account balances that will be reported on the company's adjusted trial balance at December 31, Year 1 is B) $9,000
Nelson Company Adjusted trial balance at December 31, Year 1
Debit side
Cash $3,600
($3,800+$1,700-$1,900)
Account Receiveble $1,600
($3,300-$1,700)
Supplies $500
Land $1,900
Salaries expenses $1,400
Total debit balance $9,000
Credit side
Account payable $500
Salaries payable $1,400
Common stock $3,800
Service revenue $3,300
Total Credit balance $9,000
Inconclusion The total of the debit account balances that will be reported on the company's adjusted trial balance at December 31, Year 1 is B) $9,000
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when the merging companies are in unrelated industries or different countries, the strategy requiring a minimal exchange of culture or organizational practices is ______.
When the merging companies are in unrelated industries or different countries, the strategy requiring a minimal exchange of culture or organizational practices is known as a "hands-off" or "autonomous" approach.
This approach enables each company to preserve its distinct culture and practices while reaping the advantages of the merger, such as shared resources and expanded market reach.
However, adopting this approach can present difficulties in terms of communication and collaboration, as well as potential cultural conflicts.
Despite these challenges, the hands-off approach acknowledges the value of preserving individual identities and allows the merged entities to operate relatively independently.
By doing so, they can capitalize on their respective strengths and capitalize on the synergies brought about by the merger while navigating the complexities associated with cultural differences and diverse organizational practices.
in situations where merging companies operate in distinct industries or countries, the strategy that entails limited interchange of culture or organizational practices is referred to as a "hands-off" or "autonomous" approach.
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Perform online research to find a car you would like to have. Find out how much it would cost to lease the vehicle, and how much it would cost to own it. In about 500 words, explain how you will decide whether to lease or purchase the car.
Answer:
The average lease payment for a new vehicle is just over $450 per month for a three-year lease, according to Experian's Q1 2019 State of the Automotive Finance Market report. That's about $100 less than the average monthly auto loan payment for a new car, which was $554.The average monthly payment on a new car was $523 in the first quarter of 2018, according to credit reporting agency Experian. But that's far from the true cost to own a car. For vehicles driven 15,000 miles a year, average car ownership costs were $8,469 a year, or about $706 a month, in 2017, according to AAA. The choice between buying and leasing has often been a tough call. On one hand, buying involves higher monthly costs, but you own something in the end. On the other, a lease has lower monthly payments, but you get into a cycle where you never stop paying for a vehicle.
Explanation:
Answer:
(Answers may vary.)
Dodge Charger SRT Hellcat: The Dodge Charger SRT Hellcat starts at $64,990. A consumer who wants to purchase this vehicle needs to consider the purchase price and monthly payments, and then look at fees associated with getting the car on the road. First, consider the purchase price of $64,990. The down payment is $10,000.The monthly payment at 5 percent interest would be $962 a month for 60 months (5 years). By the time the loan is paid in full, the car will no longer be worth what the consumer paid for it. A car loses value or depreciates over time. After five years, the car is worth only about 40 percent of the original purchase price. Now consider tax, tags, and title fees. For example, for a new vehicle priced at $50,000 and above in the state of Virginia, the sales tax is 4 percent. The title costs $10, and registration fees are $101. To purchase this vehicle, a consumer would need $2,710 in order to register the vehicle and get it on the road. Thus, the total price of this car would be $70,430 (down payment of $10,000 plus monthly payments totalling $57,720 plus $2,710 for registration, etc. = $70,430).
A consumer who can’t afford to pay the $64,990 purchase price can look at leasing options. Leasing lasts for three years. The Hellcat will be worth 58 percent of its purchase price, for a residual value of $37,694. The lease will be for the difference between the purchase price and the residual value. Thus, the lease amount will be $64,990 – $37,694 = $27,396, with an interest rate of 5 percent. There is a $0 down payment, and the monthly lease payment is $799. Keep in mind that tax, tags, and title fees don’t exist for lease agreements. Thus, the total price of the lease is $28,766.
Purchasing the Hellcat would mean paying $70,430 after all the related fees and interests are paid. This is nearly $10,000 more than the purchase price of the vehicle. The only way this would be a reasonable financial arrangement is if the consumer purchasing the vehicle considers $70,430 to be a small cost compared to their annual earnings. The only other way this decision makes sense is if the car is maintained extremely well and the person can sell it at the end of five years for somewhere near the original purchase price. If this second scenario is possible, then the person is at an advantage. If the consumer who purchased the car can sell it for at least 65 percent of its original purchase price, then buying the car was a good idea. Leasing the Hellcat would mean paying $28,766 for the use of the car for three years. This sounds like a bargain, but there are downsides to the arrangement. At the end of three years, the consumer would need to make a new lease deal because they would be without a car.
After reviewing the two financing options for acquiring a Hellcat, it makes sense to lease the car because the lease amount is so much lower than the purchase price.
Explanation:
PLATO
when a startup's promotional strategy is to place the product with retailers, trade shows, and other venues for the customer to experience, this is called a:
when a startup's promotional strategy is to place the product with retailers, trade shows, and other venues for the customer to experience, this is called a Push Strategy.
A push promotional technique is a form of marketing in which businesses bring their goods directly to customers. With the help of trade exhibits and point-of-purchase displays, this technique aims to put the product in front of consumers directly.
A push approach aims to sell to customers directly, eschewing conventional means of distribution. Direct sales of travel or insurance are two examples of this. Consumer promotions and advertising are the most likely promotional tools with this kind of strategy.
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Explain your approach in energy audits in third world countries. In your explanation give give evidence how other countries and companies have implemented the need for energy audits as a business. Also SWOT analysis of implementing energy audits in countries
The strategy is to increase awareness, set policies, develop capacity, carry out pilot projects, give financial support, and track results. Examples include mandated energy audit programmes in the UK and Germany.
Global energy audit services are provided by businesses like Siemens and Schneider Electric. SWOT evaluation Cost savings and sustainability are its strengths. Lack of knowledge and resources are its weaknesses. Opportunities to bring in investments and achieve goals; Resistance and political instability are threats. Energy audits have the potential to increase energy efficiency and sustainability, but overcoming obstacles calls for all-encompassing policies and cooperation between national and international agencies.
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f the Net Operating Income of a commercial property is $840,000 and the Capitalization Rate is 8.75% what is the estimated value of the property
If the Gross Rent Multiplier of a single-family dwelling unit is 130 and the Monthly Market Rent is $1,750 what is the estimated value of the property?
If the annual gross income from an apartment project is $40,000 and the gross income multiplier is 6.2 what is the estimated value of the property?
ASAP PLS HELP
Answer: See explanation
Explanation:
a. Net Operating Income = $840,000
Capitalization Rate = 8.75%
The estimated value of the property will be:
= Net Operating Income / Capitalization Rate
= $840,000 / 8.75%
= $840,000 / 0.0875
= $9,600,000
b. The estimated value of the property will be:
= Gross rent multiplier × Annual market rent
= 130 × (1750 × 12)
= $2,730,000
c. The estimated value of the property will be:
= Gross income multiplier × Annual gross income
= 6.2 × $40,000
= $248,000
True/False :Manager of a software company should promote productivity and sacrifice quality and ethical approach a little bit if needed, because software engineering is a balancing act.
False. The manager of a software company should not promote productivity at the cost of sacrificing quality and ethical approach. In fact, it is the responsibility of the manager to ensure that the company produces quality software that meets the ethical standards.
Software engineering is indeed a balancing act, and the manager must balance productivity, quality, and ethics to ensure the success of the company.
Sacrificing quality and ethical approach in the pursuit of productivity can lead to serious consequences, such as loss of reputation, customer dissatisfaction, and legal issues. Quality and ethics should always be at the forefront of software development, and the manager must ensure that the team understands this.
Furthermore, promoting productivity at the cost of quality and ethics can actually be counterproductive in the long run. Poor quality software can result in increased costs due to maintenance and bug fixes, while unethical practices can harm the company's reputation and drive away potential customers.
In conclusion, while software engineering is indeed a balancing act, the manager of a software company should prioritize quality and ethical approach over productivity to ensure the long-term success of the company.
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What is one reason to keep detailed patient records?
• A. To justify a breach of duty when it is called for
•
B. To have proof that the patient consents to treatment
•
C. To share them publicly if the patient becomes problematic
•
D. To help protect against malpractice cases and damages
The one reason to keep detailed patient records is To have proof that the patient consents to treatment. Thus the correct option is B.
In cases of medical negligence, the records of the patient give a precise and understandable description of a patient's medical history, treatments, and progress. This act is evidence that the given treatment is with the consent of the patient.
By serving as a foundation for ongoing assessments, planning, and evaluations of patient's health status, thorough records can guarantee that patients receive the best care available.
Therefore, option B is appropriate
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Which department handles the task of finding vendors that will provide goods at the best prices?
Determine how the equilibrium price and equilibrium quantity in the market for coffee changes if • the price of tea, a substitute for coffee, decreases, • and due to better weather, the price of coffee beans also decreases. Equilibrium price Equilibrium quantity increases. increases decreases decreases. stays the same. stays the same. may increase, decrease, or stay the same. may increase, decrease, or stay the same
The price of coffee is expected to decrease in both scenarios, but the equilibrium quantity of coffee will increase due to better weather and decrease due to a decrease in the price of tea. Hence, the correct is option b) Equilibrium price decreases; equilibrium quantity increases.
When the price of a substitute for coffee, such as tea, decreases, and the price of coffee beans also decreases due to better weather, the combined effect is a decrease in the equilibrium price of coffee. This is because the decrease in the price of tea encourages consumers to switch from coffee to tea, reducing the demand for coffee. Additionally, the decrease in the price of coffee beans reduces the cost of production, leading to an increase in the supply of coffee.
As a result of the decrease in demand and increase in supply, the equilibrium price of coffee decreases. Simultaneously, the equilibrium quantity of coffee increases as the increased supply can now be sold at a lower price, attracting more consumers.
Therefore, the correct option is b) Equilibrium price decreases; equilibrium quantity increases.
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What sum of money will grow to $2443.96 in nine years at 7.8% compounded semi-annually? The sum of money is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
We may use the compound interest calculation to get the amount that will increase to $2443.96 in nine years at a compound interest rate of 7.8% compounded semi-annually:
A = P(1 + r/n)nt
Where: A = the investment's future worth ($2443.96 in this case),
P stands for the primary (or initial payment).
r = the yearly interest rate (0.078 in decimal notation, or 7.8% annually).
(Semi-annually, thus 2) n is the number of compounding periods every year.
9 years are represented by the numeral t.
Let's figure out P.
2443.96 = P(1 + 0.078/2)^(2*9)
2443.96 = P(1.039)^18
P = 2443.96 / (1.039)^18
We calculate P to be $1221.82 (rounded to the nearest penny) using a calculator.
Consequently, the amount that will increase to $2443.96 in nine years at a 7.8% compounded growth rate
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