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2 years ago

In this assignment, you will research the cost of the first year at a two- or four-year college, depending on

Business

1 answer:

Tanya [424]2 years ago

6 0

A sample savings plan for a college student based on the given requirements would be:

Daily savings: $500
Weekly savings: $3,500
Monthly savings: $14,000
Yearly savings: $168,000
It would 6 months of saving to get $84,000

<h3>What is a Savings Plan?</h3>

This refers to the financial plan that is made in order to sort a budget and set aside certain amounts of money to fund a particular thing.

Hence, we can see that the useful information to be used is:

(Yearly)

College fees: $30,000
Housing: $24,000
Food: $16,000
Books: $12,000
Total: $82,000

Read more about savings and budget here:

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The strength of patent protection is that it___________.

Tatiana [17]

The strength of patent protection is that it D) grants a monopoly on underlying concepts and ideas.

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4 years ago

The capital account balances for Donald & Hanes LLP on January 1, 2018, were as follows: Donald, capital $ 200,000 Hanes, ca

m_a_m_a [10]

Answer:

Donalds share in the capital was 100,000/300,000= 1/3

May bought 35% so 0.35 of 300,000 = 105,000

Out of this 105,000 1/3 was donalds share so, 1/3*105,000=34,650

Donalds new share = 100,000- 34,650 = 65,350

$65,350 is Donalds new capital account balance

Explanation:

Step 1: Find out Donalds ratio of capital

Step 2: Find out how much may needed to invest for a 35% share

Step 3: Multiply Mays share by 1/3 to find out how much of that share will be bought from donald

Step 4: Subtract the amount from Donalds original capital balance

3 0

3 years ago

The accountant for Walter Company is preparing the company's statement of cash flows for the fiscal year just ended. The followi

lapo4ka [179]

Answer:

$25,400

Explanation:

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

The movement in the retained earnings balance may be expressed as

Opening balance + net income - cash dividend paid = closing retained earnings balance

Cash dividend declared - Cash dividend paid = Cash dividend payable

$49,000 - Cash dividend paid = $23,600

Cash dividend paid = $49,000 - $23,600

= $25,400

6 0

3 years ago

1) Banks hold excess and secondary reserves to

o-na [289]

1) Banks hold excess and secondary reserves toA) reduce the interest-rate risk problem.

2) Which of the following statements most accurately describes the task of bank asset management?
b. Banks seek to have the highest liquidity possible subject to earning a positive rate of return on their operations.

3) The goals of bank asset management include
d. purchasing securities with high returns and low risk.

Hope this helps. Have a nice day.

6 0

3 years ago

First national bank charges 11.5 percent compounded monthly on its business loans. first united bank charges 11.7 percent compou

stich3 [128]

APR=11.5% compounded monthly
$EAR=(1+0.115/12)^12-1=0.121259=12.13%$
EAR=12.13%

APR=11.7% compounded semi-annually
$EAR=(1+0.117/2)^2-1=0.12042225=12.04%$
EAR=12.04%

5 0

4 years ago