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Sauron [17]
3 years ago
7

n investor has $100,000 invested in an account that earns 5% annually. The investor wishes to withdraw $12,000 per year. If the

investor withdraws $12,000 annually, the account will be fully depleted in:

Business
1 answer:
lawyer [7]3 years ago
3 0

Answer:

11 years

Explanation:

For computing, the number of years or the account will be fully depleted we need to apply the NPER formula i.e to be shown in the attachment below:

Given that,  

Present value = $100,000

Future value = $0

PMT = $12,000

Rate of interest = 5%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after applying the above formula, the number of years in which the account is depleted is 11 years

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Creative Sound Systems sold investments, land, and its own common stock for $31.0 million, $15.1 million, and $40.2 million, res
KatRina [158]

Answer:

Creative Sound Systems

Net cash flows from investing activities:

Cash inflow from sale of investments                     $31 million

Cash inflow from sale of land                                $15.1 million

Cash outflow from purchase of equipment        ($25.1 million)

<u>Cash outflow from purchase of patent                ($12.1 million)</u>

Net cash flows provided by investing activities    $8.9 million

Creative Sound Systems

Net cash flows from financing activities:

Cash inflow from issuing common stocks              $40.2 million

<u>Cash outflow from purchase treasury stock          ($21.1 million)</u>

Net cash flows provided by financing activities     $19.1 million

6 0
3 years ago
A company has two departments, Y and Z that incur wage expenses. An analysis of the total wage expense of $40,000 indicates that
dusya [7]

Answer:

Dept. Y  =  $18,200

Dept. Z =   $21,800

Explanation:

Wages expense for this question consist of direct wages and indirect wages. The direct wages are allocated to their respective departments while the indirect wages are apportioned between the two departments.

Therefore, first do the allocation then the remainder $24,000 is apportioned equally between the two departments, Dept. Y and Dept. Z.

                                                         Dept. Y         Dept. Z

<u>Departmental wage expenses :</u>

Direct wages                                   $6,200          $9,800

Indirect wages                               $12,000         $12,000

Total                                               $18,200         $21,800

4 0
3 years ago
Grib Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The pred
gregori [183]

Answer:

$270,000

Explanation:

Calculation of total manufacturing cost assigned to Job 436

Direct Materials

Dept A                                                   $50,000

Dept B                                                    $10,000

Direct Labor

Dept A      ($80,000 x 1/2)                   $40,000

Dept B                                                   $60,000

Manufacturing Overheads

Dept A                                                   $80,000

Dept B   ($60,000 x 50%)                    $30,000

Total                                                     $270,000

Therefore,

The total manufacturing cost assigned to Job 436 was $270,000.

8 0
3 years ago
In hospitals, dashboards are often used to display performance measures on a routine basis. What type of dashboard tracks metric
Goryan [66]

Answer:

Abstract. Admission rate and length of stay (LOS) are two hospital performance indicators that affect the quality of care, patients' satisfaction, bed turnover, and health cost expenditures. the customer service dashboard reports hospital scores on issues such as meal quality, mortality rate and percentage of transfusions having adverse reactions. FALSEA customer service dashboard provides such scoring information as percentage of patients who would recommend the hospital to others and rating of such items as inpatient parking, courtesy of staff, cleanliness, caring of staff, meal quality, follow-up education and instruction, and pain management, as well as an overall satisfaction. Mortality rate would be reported on the clinical dashboard and percentage of transfusions having adverse reactions.

Explanation:

8 0
3 years ago
Which of the following statements best describes accounting for a partnership?
svetlana [45]

Answer:

B. A partnership may use federal income tax rules to account for transactions in their journals and ledger accounts.

Explanation:

There is a lot of difference in accounting of normal partnership firms and that of non profit organisations.

Simply a partnership firm cannot be formed as a non profit entity.

A partnership can use any federal laws in compliance and do accounting entries in accordance with them.

The partnership equity section only contains partner's capital account as there are no retained earnings section.

Partnership's do not pay dividend, and if it does it is not limited to money.

7 0
3 years ago
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