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AnnyKZ [126]
3 years ago
7

George Jefferson established a trust fund that will provide $170,500 per year in scholarships. The trust fund earns an annual re

turn of 2.1 percent. How much money did Mr. Jefferson contribute to the fund assuming that only income is distributed?
Business
1 answer:
Dimas [21]3 years ago
4 0

Answer:

$8,119,048

Explanation:

Given that,

Amount of scholarships = $170,500 per year

Trust fund earns an annual rate of return = 2.1 percent

Let x be the amount contribute to the fund and assuming that only income is distributed,

2.1% of x = Amount of scholarships

0.021x =  $170,500

x = $170,500 ÷ 0.021

  = $8,119,048

Therefore, the amount of money that is contributed by the George Jefferson to the trust is $8,119,048.

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Barbara owns a manufacturing plant with four facilities(North, South, East and West) in the state of Indiana. The workers at the
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Union power

Explanation:

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In the _____ structure hierarchy, the headquarters relies on strategic controls to set rate-of-return targets and financial cont
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7 0
1 year ago
Boris Jasper is the manager of an auto parts division for a large auto parts supplier. The division makes dampers and oil pumps.
shepuryov [24]

Answer:

a) Raise the sales revenue.

b) Decrease the cost of raw materials.

c) Decrease discretionary fixed cost

Explanation:

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3 years ago
Concord uses the periodic inventory system. For the current month, the beginning inventory consisted of 7400 units that cost $10
Mars2501 [29]

Answer:

$109,250

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FIFO assumes that the units to arrive first, will be sold first. Therefore, inventory valuation is based on later or recent prices.

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