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Gelneren [198K]
1 year ago
6

Blue Ice Inc. is an American corporation. The company started out as a partnership between Nick Selver and Rita Andrew in 1985.

In 2001, the partners decided to incorporate their company so they could sell company stock on the stock market . Blue Ice raised $10 billion with its IPO. It was one of the biggest IPOs of 2001.
Business
1 answer:
xxTIMURxx [149]1 year ago
7 0

Blue Ice Inc. is an American corporation. The company started out as a <u>Partnership </u>between Nick Selver and Rita Andrew in 1985. In 2001, the <u>partners  </u>decided to <u>incorporate  </u>their company so they could sell company stock on the<u> Stock Market</u>. Blue Ice raised $10 billion with its IPO. It was one of the biggest IPOs of 2001.

<h3>What is partnership?</h3>

Partnership is a form of business carried out by two or more parties or people in which both parties involve in the partnership business must agreed to the terms and condition of the partnership and must as well share their profit equally.

Hence, Blue Ice Inc. is an American corporation. The company started out as a <u>Partnership </u>between Nick Selver and Rita Andrew in 1985. In 2001, the <u>partners  </u>decided to <u>incorporate  </u>their company so they could sell company stock on the<u> Stock Market</u>. Blue Ice raised $10 billion with its IPO. It was one of the biggest IPOs of 2001.

Learn more about partnership here:brainly.com/question/14034519

#SPJ1

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An employer will do a 50% match on your investment to a 401k retirement plan. If you decide to contribute a monthly amount of $2
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Answer:

There will be $92,635.42 in the account after 15 years.

Explanation:

Missing question <em>"The interest rate is fixed at 2.05%"</em>

As the employer does a 50% match on the employee’s investment, the monthly contribution to the retirement plan will be = 2 * $220 = $ 440.

The future value (F) of an annuity is given by F = (P/r)[(1+r)n-1]

P is the periodic payment

r is the rate per period

n is the number of periods.

P = 440, r = 2.05/1200 and n = 15*12 = 180.

F = (440*1200/2.05)[ (1+2.05/1200)180 -1]

F = (528000/2.05)*0.359664042

F = 92635.4215493

F = $92635.42

Thus, there will be $92,635.42 in the account after 15 years.

6 0
2 years ago
If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is:
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Answer:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Explanation:

If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

<u>For example:</u>

Total estimated overhead= $150,000

Allocation base= direct labor hours

Estimated Total number of direct labor hours= 10,000

Predetermined manufacturing overhead rate= 150,000/10,000

Predetermined manufacturing overhead rate= $15 per direct labor hour

5 0
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