How long would it take from the date, Accounting Basics

+44 141 628 6080
[email protected]

How long would it take from the date

A company that manufactures ultrasonic wind sensors invested $1.5 million, 2 years ago to acquire part ownership in an innovative chip-making company. How long would it take from the date of the initial investment for its share of the chip company to be worth $3 million if that company is growing at a rate of 20% per year?

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How long would it take from the date

Reference No:- TGS0555558

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Determine how much money would be in a savings account

Determine how much money would be in a savings account that started with a deposit of $2000 in year 1 with each succeeding amount increasing by 10% per year. Use an interest rate of 15% per year and a 7-year period.

Q : What was the companys net income for the prior year

The sales manager believes that a reduction in the sales price to 2,700 p will result in orders for 1,200 more components each year. What will the break-even point be if the price is changed? (Round your final answer to nearest whole number.)

Q : What rate of return did the company

Danson Iron Works, Inc., manufactures angular contact ball bearings for pumps that operate in harsh environments. If the company invested $2.4 million in a process that resulted in profits of $760,000 per year for 5 yearsL.

Q : What was the rate of return on the investment

An investment of $600,000 increased to $1,000,000 over a 5-year period. What was the rate of return on the investment?

Q : How long would it take from the date

How long would it take from the date of the initial investment for its share of the chip company to be worth $3 million if that company is growing at a rate of 20% per year?

Q : How the new plant is constructed

Assume that the new plant is constructed and that next year the company manufactures and sells 44,000 skateboards (the same number as sold last year).

Q : Prepare a contribution income statement

Prepare a contribution income statement if the hotel's volume of activity increases by 25 percent, and fixed expenses increase by 50 percent.

Q : What is the digdug corporation

DigDug Corporation had outstanding checks totaling $5,400 on its June bank reconciliation. In July, DigDug issued checks totaling $38,900.

Q : Unemployment compensation taxes for factory workers

Classify each of the preceding costs as product costs or period costs. For those costs classified as product costs, indicate whether the product cost is a direct materials cost, direct labor cost, or factory overhead cost. For those costs classifi

1947472

Questions
Asked

3,689

Active Tutors

1415476

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How long would it take from the date

Reference No:- TGS0555558

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Determine how much money would be in a savings account

Q : What was the companys net income for the prior year

Q : What rate of return did the company

Q : What was the rate of return on the investment

Q : How long would it take from the date

Q : How the new plant is constructed

Q : Prepare a contribution income statement

Q : What is the digdug corporation

Q : Unemployment compensation taxes for factory workers

Identify problems and concerns that contributed

Which is a criticism of marxist/conflict theories

Which are forms of media bias

How does the pyramid change

Problem regarding culturally relativistic

How coastlines are vulnerable to multiple climate change

Cases of local communities using modern technology

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How long would it take from the date

Reference No:- TGS0555558

Recent Questions Asked Accounting Basics

Q : Determine how much money would be in a savings account

Q : What was the companys net income for the prior year

Q : What rate of return did the company

Q : What was the rate of return on the investment

Q : How long would it take from the date

Q : How the new plant is constructed

Q : Prepare a contribution income statement

Q : What is the digdug corporation

Q : Unemployment compensation taxes for factory workers

Asked Questions