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podryga [215]
2 years ago
5

If $81,000 is invested in an annuity that earns 5.1%, compounded quarterly, what payments will it provide at the end of each qua

rter for the next 4 1 2 years
Business
1 answer:
prisoha [69]2 years ago
3 0

Answer:

C = $ 5064.61

Explanation:

You are given the present value of an annuity   PV = 81 000

5.1 %   is .051 in decimal form  

    quarterly, this is  i =  .051/4  interest per period (3 months)

4 1/2 years is    n = 18 periods

The equation to use is  ( you just have to look these up.....there are many different situations)

PV = C * {  (1-(1+i)^-n) / i }

Plugging in the above numbers results in:

C = $ 5064.61

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Data concerning Follick Corporation's single product appear below: Selling price per unit $ 220.00 Variable expense per unit $ 7
Olegator [25]

Answer:

The break even in dollars is $214000

Explanation:

The break even point in dollars is the amount of revenue earned that is equal to total cost and there is no profit or no loss. The break even is used to calculate the minimum revenue that should be earned by the firm to cover its total costs. The break even in dollars is calculated by dividing the fixed costs by the contribution margin ratio.

Break even in dollars = Fixed costs / Contribution margin ratio

Where, contribution margin ratio = (Selling price per unit - Variable cost per unit) / Selling price per unit

Contribution margin ratio = (220 - 74.8) / 220   =  0.66 or 66%

Break even in dollars = 141240 / 0.66  = $214000 per month

4 0
3 years ago
Read 2 more answers
In a company that produces containers, the employees were divided into two teams to foster competition in order to increase prod
Bess [88]

Answer:

Synergy

Explanation:

Synergy is the concept that the combined performance of two entities will be better than each of them acting individually.

In this instance when the two teams that each produce 100 containers per day became integrated as one, they now produce 300 containers a day. This is as a result of their increased division of labor, combined efficiencies and expertise of team members.

7 0
3 years ago
Did silly putty receive any other recognition
Papessa [141]
Yes, It was known for a temporary solution of glue... Although it didnt last long... lol
8 0
3 years ago
Identify Postings from Cash Payments Journal
Tasya [4]

Answer:

Explanation:

The general ledger shows the record for every financial transaction which an organization does. The subsidiary ledger is just used to support the general ledger control account as it gives vital informations on sales, discounts, etc.

Based on the above explanation, the references, indicated by the letter will be posted thus:

a. This will be posted to the subsidiary ledger account.

b. This will be posted to the general ledger account.

c. This will be posted to the general ledger account.

d. This will be posted to the subsidiary ledger account.

e. This will be posted to the general ledger account.

f. This will be posted to the general ledger account.

g. This will be posted to the subsidiary ledger account.

h. This will be posted to the general ledger account

i. This will be posted to the general ledger account.

j. For this, there will be no posting required.

k. This will be posted to the general ledger account.

l. This will be posted to the general ledger account

4 0
3 years ago
Countess Corp. is expected to pay an annual dividend of $4.57 on its common stock in one year. The current stock price is $73.59
Serjik [45]

Answer:

The cost of equity is 9.91%

Explanation:

The constant growth model of the DDM is used to calculate the price of the share or the fair value per share based on a constant growth in dividends and the required rate of return which is also known as cost of equity.

Plugging in the available values in the formual we can calculate the cost of equity or the required rate of return.

73.59 = 4.57 / (r - 0.037)

73.59 * (r - 0.037) = 4.57

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73.59r = 4.57 + 2.72283

r = 7.29283 / 73.59

r = 0.0991 or 9.91%

3 0
3 years ago
Read 2 more answers
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