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Eva8 [605]
1 year ago
14

Assume that you will be opening a savings account today by depositing $100,000. The savings account pays 5 percent compound annu

al interest, and this rate is assumed to remain in effect for all future periods. Four years from today you will withdraw R dollars. You will continue to make additional annual withdrawals of R dollars for a while longer – making your last withdrawal at the end of year 9 – to achieve the following pattern of cash flows over time. (Note: Today is time period zero; one year from today is the end of time period 1; etc.) How large must R be to leave you with exactly a zero balance after your final R withdrawal is made at the end of year 9? (Tip: Making use of an annuity table or formula will make your work a lot easier!)
Business
1 answer:
Oksi-84 [34.3K]1 year ago
7 0

Answer:

5000

Explanation:

100,000x5%= 5000

5000x4 years= 20,000x5%= 1000

5000x5=25,000x5%= 1250

1250+ 1000= 2250

R= 1750

5000-2250-1000= 1750

I might be wrong

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BluStar Company has two service departments, Administration and Accounting, and two operating departments, Domestic and Internat
umka2103 [35]

Answer/Explanation:

a. Allocation of Cost of the service departments to the operating departments using the direct method:

Administration cost:

Total employees = Domestic + International = 45 + 27 = 72

Domestic = 45/72 × 360,000 = $225,000

International = 27/72 × 360,000 = $135,000

Accounting Cost:

Total transaction = Domestic + International = 240,000 + 96,000 = 120,000

Domestic = 24,000/120,000 × 148,000 = $29,600

International = 96,000/120,000 × 148,000 = $118,400

b. Allocation of cost of the service departments to the operating departments using the step method:

Administration cost:

Let’s calculate the ratio

Ratio =28/(28+45+27) = 28/100 ; 45/100; 27/100

Therefore,  

Accounting = 28/100 × 360,000 = $100,800

Domestic = 45/100 × 360,000 = $162,000

International = 27/100 × 360,000 = $97,200

Accounting Cost:  

Ratio: 24,000/(24,000 + 96,000) = 24,000/120,00 ; 96,000/120,000

Domestic = 24,000/120,000 × 148,000 = $29,600

International = 96,000/120,000 × 148,000 = $118,400

Total Cost after allocation:

Domestic = 955,000 + 162,000 + 29,600 = $1,146,600

International = 3,640,000 + 97,200 + 118,400 = $3,855,600

c. Allocation of the cost of the service departments to the operating departments using the reciprocal method:

From our calculation in b), Administration cost ratio for domestic = 45/100

Therefore, reciprocal = 100/45 × 360,000 = $800,000

Also, Administration cost ratio for International = 27/100

Therefore, reciprocal = 100/27 ×360,000 = $1,333,333

From our calculation in b), Accounting cost ratio for domestic = 24,000/120,000

Therefore, reciprocal = 120,000/24,000 × 148,000 = $740,000

Also, Accounting cost ratio for International = 96,000/120,000

Therefore, reciprocal = 120,000/96,000 × 148,000 = 185,000

Total cost after allocation:

Domestic = 955,000 + 800,000 + 740,000 = $2,495,000

International = 3,640,000 + 1,333,333 + 185,000 = 5,158,333

8 0
3 years ago
Peterson Company billed its customers a total of $840,000 for the month of November. The total includes a 5% state sales tax.
Rina8888 [55]

Answer:

a. $800000

b. Account receivable Dr. 840000  

                To sales revenue  800000

                To sales tax payable  40000

Explanation:

a. Given the total billed amount = $840000

    Sales tax = 5%

Total revenue for the month = 840000 x (100 / 105) = $800000

b. Account receivable Dr. 840000  

                To sales revenue  800000

                To sales tax payable  40000

8 0
3 years ago
My health care insurance company puts small co-payment fees on drugs that many people use and much higher fees for experimental
4vir4ik [10]

The correct answer is utilitarianism. This is defined as an ethical theory by which it states the best or most preferred action by which is the one responsible or best for maximizing utility. In terms, it is defined as a wellbeing of the sentient entities.

8 0
3 years ago
Henderson Electronics Corporation manufactures and sells FM radios. Information on the prior year's operations (sales and produc
In-s [12.5K]

Answer:

the minimum acceptable price is $4

Explanation:

The computation of the minimum acceptable price is shown below:

Here the minimum acceptable price would be considered as a variable selling cost i.e. calculated below:

= Selling cost × variable percentage

= $10 × 40%

= $4

hence, the minimum acceptable price is $4

The same would be considered and relevant too

5 0
3 years ago
three companies all paid a dividend of $1.80 per share last year, and all have a long-run normal dividend growth rate of 3%. the
gulaghasi [49]

Based on the given required rates of return and the dividend growth rate, the company that will have the highest common stock price is Company A.

<h3>Which company's stock price is highest?</h3>

Using the Constant growth formula, the price of a stock can be found as:

= Next dividend / (Required rate of return - Growth rate)

This means that the company with the lowest required rate of return for the same growth rate will have the highest stock price.

In conclusion, Company A will have the highest stock price.

Find out more on the constant growth formula at brainly.com/question/23945721

#SPJ1

3 0
1 year ago
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