Answer:
contest sponsors have to deposit $6795163.17 in the escrow account
Explanation:
given data
amount = $10 million
time = 20 year
rate = 4 %
to find out
how much do the contest sponsors have to deposit in the escrow account
solution
we know Cash flow per period = 10000000/20 = $500000
we will apply here future value formula to find amount
future value = cash flow × 
here r is rate and t is time
put here value
future value = 500000 × 
future value = 6795163.1724
so contest sponsors have to deposit $6795163.17 in the escrow account
Answer:
Net pay $569.88
Explanation:
Let the gross earnings be:
$15 * 40 = $600
$15 * 1.5 * 6 = $135
$600+$135
=$735
Withheld Federal income tax = $110
Social security tax rate =0.06* $735
= $44.10
Medicare tax rate = 0.015* $735
= $11.02
Net pay $569.88
($735 - $110 - $44.10 - $11.02)
Amount to be paid to the each employee will be $569.88
Answer:
The correct answer is $2,500.
Explanation:
According to the scenario, the computation of the given data are as follows:
Deposits = $200
Reserve requirement ratio = 8%
So, we can calculate the Increase in money supply by suing following formula:
Increase in money supply = Deposit ÷ Reserve requirement ratio
By putting the value, we get
= $200 ÷ 0.08
= $2,500.
Answer:
D. assets - liabilities = shareholders' equity
Explanation:
The balance sheet paint the picture of the real accounting equation.
Shareholders' equity + Liability = Asset
That is, Asset - Liability = Shareholders' equity
Demand? No.
1. Increased skillset THAT ALSO increases company profitability
2. Increased experience THAT ALSO increases company profitability
3. Increased need for particular employee to be profitable
