Aaron’s plan is to put $100 at the beginning of each month into a savings account which pays 4.5% interest, compounded monthly. As usual, interest is paid at the end of each month on money which has been in the account all month; in other words, the first deposit does earn interest during the first month. If he starts saving $100 per month when he is 25, how much will he have in the account when he turns 70? [Assume that he makes 12 deposits when he is 25, another 12 when he is 26, etc., but no more deposits once he is 70.]

On june 1 of the current year, chad wilson established a business to manage rental property. he completed the following transactions during june: opened a business bank account with a deposit of $28,000 from personal funds. purchased office supplies on account, $2,690. received cash from fees earned for managing rental property, $7,390. paid rent on office and equipment for the month, $3,310. paid creditors on account, $1,230. billed customers for fees earned for managing rental property, $6,130. paid automobile expenses (including rental charges) for the month, $740, and miscellaneous expenses, $370. paid office salaries, $2,330. determined that the cost of supplies on hand was $1,590; therefore, the cost of supplies used was $1,100. withdrew cash for personal use, $2,210. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300) answer

Need true or false 1 2 3 4 5 6 7 8

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)