1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anton [14]
3 years ago
7

Brandon Ramirez wants to set up a scholarship at his alma mater. He is willing to invest $320,000 in an account earning 11 perce

nt. What will be the annual scholarship that can be given from this investment
Business
1 answer:
sukhopar [10]3 years ago
4 0

Answer:

$35,200

Explanation:

Given that

Invested amount = $320,000

Rate of interest = 11%

So by considering the above information, the amount of annual scholarship that can be given from this investment is  

= Invested amount × Rate of interest

= $110,000 × 11%

= $35,200

By multiplying the invested amount with the rate of interest we can find out the annual scholarship amount

You might be interested in
Developing countries fall into two categories, moderately developed and less developed. Which of the following is not classified
ozzi

Answer:

Thailand

Explanation:

6 0
3 years ago
Auditors may decide to perform some tests of controls or not perform any tests of controls, if inherent risk is assessed as ____
Ivanshal [37]

Answer: Moderate or low

Explanation:

Tests of Control are one by auditors to determine the effectiveness of the internal controls in the company in being able to detect accounting errors and anomalies.

If a company seems to have a moderate or low inherent risk the Auditors may or may not initiate Tests of Control due to this reduced risk.

If the company however, has either high or moderate or unusually high risk, the Auditors have to perform Tests of Control to determine where the company is going wrong.

6 0
2 years ago
Suppose Stark Ltd. just issued a dividend of $2.57 per share on its common stock. The company paid dividends of $2.20, $2.31, $2
crimeas [40]

Answer:

Answer:

Growth rate (g) = n-1√(<u>Latest dividend)</u>     - 1

                                      Current  dividend

                          = 4-1√($2.49/2.20)   -1  

                         = 3√(1.1318)  -1  

                        = 1.04  -  1

                        = 0.04 = 4%

Ke = Do<u>(1 + g) </u>  +  g

               Po

Ke =  $2.57(<u>1  +  0.04</u>)  + 0.04

                         65

Ke = 0.04 + 0.04

Ke = 0.08 = 8%

Explanation:

In this  case, we need to calculate the growth rate using the above formula. Then, the cost of equity will be  calculated. Cost of equity is a function of current dividend paid subject to growth rate divided by current market price.

Explanation:

5 0
3 years ago
Sheridan Company signed a long-term non cancellable purchase commitment with a major supplier to purchase raw materials in 2021
stepan [7]

Answer:

Unrealized holding loss - Income (purchase commitments) $ 52,900 Dr

Estimated liability on purchase commitments ( $ 1,001,800 - $ 948,900 ) $ 52,900 Cr

Explanation:

Unrealized holding loss - Income (purchase commitments) $ 52,900 Dr

Estimated liability on purchase commitments ( $ 1,001,800 - $ 948,900 ) $ 52,900 Cr

6 0
2 years ago
Which type of insurance product gives policyholders a fixed death benefit and a selection of investment alternatives?
Alex73 [517]

Answer:

b. variable life

Explanation:

Variable life insurance pays a premium in case the insured dies (that is a guaranteed benefit), but it also allows the beneficiary to invest a portion of the proceeds in different types of investments. These investments may include stocks, mutual funds, bonds, etc., that eventually grow and increase in value.

6 0
2 years ago
Other questions:
  • Which employers include not only private companies and nonprofit organizations, but also hospitals, department stores, and car m
    12·2 answers
  • A small nation of 10 people idolizes the TV show The Voice. All they produce and consume are karaoke machines and CDs, in the fo
    5·1 answer
  • Assessment
    10·1 answer
  • A career goal should be measurable, detailed, and include a plan.<br> a. True<br> b. False
    6·2 answers
  • An investment project is expected to generate earnings before taxes (EBT) of $60,000 per year. Annual depreciation from the proj
    13·1 answer
  • Please help me What are interests?
    13·2 answers
  • One of the reasons that organized crime has been around so long is that it provides goods and services that society wants.
    12·1 answer
  • S= (1+r)c. find c if s=174 and R<br> =455
    10·1 answer
  • Blush Bashful Cosmetics Inc. operates in 20 countries around the globe. The company clearly understands that the skin and hair t
    12·1 answer
  • On March 15, a fire destroyed Blossom Company's entire retail inventory. The inventory on hand as of January 1 totaled $5300000.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!