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andreyandreev [35.5K]
3 years ago
11

Find the amount of the payment to be made into a sinking fund so that enough will be present to accumulate the following amount.

Payments are made at the end of each period. ​$95 comma 00095,000​; money earns 66​% compounded semiannually for 2 and one half2 1 2 years
Business
1 answer:
TEA [102]3 years ago
6 0

Answer:

PV= $81,947.83

Explanation:

Giving the following information:

Future value= $95,000

Interest rate= 0.03

Number of periods= 5

To calculate the initial investment required to reach the objective, we need to use the following formula:

PV= FV/(1+i)^n

PV= 95,000/(1.03^5)

PV= $81,947.83

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Prior to 2008, CBS Corp. owned approximately 18% of Westwood One, Inc., which managed the CBS Radio Network. CBS, in turn, manag
olga nikolaevna [1]

Answer and explanation:

The influence a company may have over another when one of them has a number of shares that belongs to the other is determined by the percentage of ownership that the number of shares represent. If its lower than 20%, it is said the company has <em>no influence</em> over the other. From 20% to 50% one company has <em>significant influence</em> over the other. Finally, with more than 50% of the outstanding shares in possession, one company has <em>control </em>over the other.

In that case, CBS Corp. has no influence over Westwood One, Inc. since it owns only 18% of the outstanding shares.

4 0
3 years ago
Compute conversion costs given the following data: direct materials, $361,300; direct labor, $195,300; factory overhead, $216,70
Radda [10]

Answer:

a. $412,000

Explanation:

Conversion cost is the combination of direct labor and manufacturing overhead which directly or indirectly are necessary to produce a product other than the direct raw materials.

We know,

<em>Conversion costs = Direct Labor + Manufacturing Overhead</em>

Here,

Manufacturing overhead = Indirect material + Indirect Labor + Indirect overhead (including variable and fixed overhead)

Given,

Direct labor = $195,300

Manufacturing overhead = Factory overhead = $216,700

Selling expenses will not be included because it is not a direct or indirect overhead expense.

Therefore,

<em>Conversion costs = </em>$195,300 + $216,700

<em>Conversion costs = </em>$412,000

8 0
3 years ago
The local Harley-Davidson motorcycle outlet has special events on Saturday mornings. Vintage bikes are shown, food is served, an
madreJ [45]

Answer:

Harley-Davidson has become a cult

Explanation:

A cult is a self-identified group of people that share a passion or an interest. When a brand becomes a cult brand, it has achieved the highest level of emotional connection to its consumers.

8 0
3 years ago
If you have a credit card with 15.99% APR that compounds monthly, what is the effective interest
RideAnS [48]

Answer: 17.22%

Explanation:

Effective interest rate is calculated by the formula:

=  (1 + APR / Number of compounding periods) ^ Number of compounding periods - 1

Number of compounding periods = 12 months in the year

= (1 + 0.1599/12)¹² - 1

= 0.172155

= 17.22%

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3 years ago
Measuring employment, unemployment, and labor force participation
ch4aika [34]

Answer and Explanation:

The classification is as follows

a. The Dmirti is considered to be employed as she is working part-time

b.France is considered to be unemployed as currently he hasn't had a job he is still looking for a job

c. Jake is not in the labor force as he is so discouraged and due to which he gave up for job search

d. Rosa is considered to be unemployed as currently she has not have any job and currently she is looking for a job

e. Nick is to be considered as an employed as he is currently working

f. Latasha is to be considered in not in the adult population as she is just 12 year old student

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3 years ago
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