Answer: $412,600
Explanation:
AFN = Increase in assets - Increase in Liabilities - Addition to Retained Earnings
Increase in Assets
= 5,000,000 * 15%
= $750,000
Increase in Liabilities
Only use Accruals and Accounts Payable
= (450,000 + 450,000) * 15%
= $135,000
Additional to Retained Earnings
= After tax Profit
= 9,200,000 * 4%
= $368,000
Addition to retained earnings = 368,000 * ( 1 - payout ratio)
= 368,000 * ( 1 - 45%)
= $202,400
Additional Funds Needed (AFN) = 750,000 - 135,000 - 202,400
= $412,600
Answer:
$201,866.28
Explanation:
Using a financial calculator, input the following to calculate the the amount that would be required today to meet the goal; calculate present value (PV).
Future value ; FV = 1,000,000
Recurring payment PMT = 0
Total duration of the investment ; N = 8
Annual interest rate; I/Y = 9%
then compute the present value ; CPT PV = $501,866.28
Since she already has $300,000, find the balance;
Additional money needed = $501,866.28 -$300,000 = $201,866.28
The data shows that: 78% of White people were employed in 2019, compared with 66% of people from all other ethnic groups combined. the difference in the employment rates for White people and those from all other ethnic groups combined went down from 16pp in 2004 to 11pp in 2019.
Answer:
The Buy American Act
Explanation:
The Buy American Act (BAA) of 1933 requires that American government entities prefer US manufactured products. The law was signed by President Hoover on his last day at office during the Great Depression.
This law only applies to the purchase of products, not services. It requires that government entities must purchase domestic products or products from a list of authorized countries over a certain threshold, which is currently $3,500.
