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sweet-ann [11.9K]
1 year ago
7

How much would you need to deposit in an account now, such that in 5 years your account will have increased to $8,000, assuming

you can earn 5% on the deposit as it grows?
Business
1 answer:
VladimirAG [237]1 year ago
4 0

Answer:

$6268.21

Explanation:

Future value = $8000

Interest(r) = 5%

Period (n)= 5 years

How much need to deposit?

Find the Present value:

PV = FV / (1+r)n

= 8000 / (1.05)5

= 8000 / 1.27628156

Present Value / Amount need to deposi today = $6268.21 approx

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Sheffield Corp. is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were
valentina_108 [34]

Answer:

$8,495,833

Explanation:

<u>Calculation of weighted-average accumulated expenditures</u>

Date     Payments    Funds used        Annualized               Amount

Mar 1    $6450000       10/12             $6450000*10/12       $5,375,000

Jun 1    $5350000        7/12              $5350000*7/12         $3,120,833

Dec 31  $8250000       0/12              $$8250000*0/12      <u>$0                </u>

Weighted Average Expenditures                                        <u>$8,495,833</u>

6 0
3 years ago
We often observe that addition of another unit of labor increases output but by an amount that is smaller than the addition of t
iren [92.7K]

Answer:

The producer is experiencing diminishing marginal product.

Explanation:

The law of diminishing return explains that every additional unit consumed will have less utility/return than the previous one. Same is the case with labor productivity. The first unit of labor will yield maximum return, every additional unit will result in lesser return/productivity than the previous unit. The will continue up to the point of maximum return. After that point adding additional resources will yield less total output.

8 0
3 years ago
The salary for an occupation is determined by the federal government <br> True or false?
strojnjashka [21]

Answer:

No the given statement is not correct.  

Explanation:

Federal Government does not determine the pay structure for any occupation. Each occupation determine its own salary structure. For example, the doctors would determine their own fee that they would charge to the patients, schools will determine their fee that they would charge from students, lawyers determine their own fee, and the examples are countless. Government sometimes only sets the minimum level of wage that must be paid to a worker. For example government can put a base at 10 dollars wage rate that has to be given to the worker working for you. So you must give the worker at least $10, but you can give him $15 or $20, as much as you like and as much as he charges you, but you can't give him less than 10 dollars

6 0
3 years ago
Read 2 more answers
What will be the cost of gasoline for a 3,700-mile trip in a car that gets 23 miles per gallon, if the average price of gas is $
creativ13 [48]

Answer:

Cost of gasoline  = $466.9

Explanation:

given data

miles in the trip = 3,700-mile

1 gallon = 23 miles

average price of gas = $2.90 per gallon

solution

we get here no of gallon required for the trip is express as

no of gallon required for the trip = \frac{3700}{23} = 160.87 gallon = 161 gallon

so we get here now Cost of gasoline  that is

Cost of 161 gallons = Cost of gasoline for 3700 miles trip

Cost of gasoline  = $2.90 per gallon × 161 gallon  

Cost of gasoline  = $466.9

5 0
3 years ago
Preferred stock, 5%, $50 par value, 1,200 shares issued and outstanding with dividends in arrears for the three prior years. Com
Ivenika [448]

Answer:

$12,000

Explanation:

total preferred dividends per year = 1,200 x $50 x 5% = $3,000

since they were not paid during the past three years, and they are cumulative, the total preferred dividends = $3,000 x 4 = $12,000

common stock dividends = total dividends - accumulated preferred dividends = $25,000 - $12,000 = $13,000

cumulative preferred stocks that are not paid in the past, must be paid before any common dividends are paid

8 0
2 years ago
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