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agasfer [191]
3 years ago
5

The president of a growing engineering firm wishes to give each of 20 employees a holiday bonus. how much needs to be deposited

each month for a year at a 12% nominal rate, compounded monthly, so that each employee will receive a $2,500 bonus?
Business
1 answer:
Ludmilka [50]3 years ago
4 0

Given that: F (Future worth) = $2,500, i (nominal interest rate) = 0.12, compounded monthly = 12 months, years of investment = 1 year, and no. of employees = 20. Compute using the annuity formula: A=Fi/(((1+i)^n)-1). Calculating i = 0.12/12 = 0.01, since it is compounded monthly. Calculating n (total number of compounding) = 1 x 12 = 12, since year of investment is equal to 1. Substituting F=2500, i=0.01 and n=12 to the annuity formula, you will get A=$197.12. Multiply by 20, you will get $3,942.44.

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sp2606 [1]

Answer:

The correct option is C. which is <em>assess how long a company with positive cash flows from financing activities can continue to operate</em>

Explanation:

<em>The ratio of cash to monthly cash expenses can be used to make assessment of a company whether how long it can determine without additional financing and positive cash flows generated from operations.</em>

The formula of The ratio of cash to monthly cash expenses

= Cash s of year end ÷ Monthly Cash Expenses

5 0
3 years ago
Communicating with people you know or meet to share information or advice about a job defines _____.
Advocard [28]
The answer is career fair.
4 0
2 years ago
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What are the two components of a universal policy?​
gtnhenbr [62]

Answer:

Hey mate.....

Explanation:

This is ur answer.....

<em>Universal policy premiums include two components: the cost of insurance amount and the savings component amount, also known as the cash value. The cost of insurance (COI) is the minimum amount you must pay to keep your policy active. This amount varies based on your age, health, and insured risk amount.</em>

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8 0
2 years ago
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Suppose that the federal reserve decides to decrease the money supply with a $300 sale of treasury bills. Complete the tables th
ANEK [815]

The monetary base is a liability, whereas Treasury notes are assets.

tables that represent the financial position of the federal reserve and commercial banks after this open-market operation:

A $ 300, B $ 300, C $ -300, D $ 300

a negative sign use for reduced values.

<h3>What do we mean by asset?</h3>

A resource having economic worth that a person, business, or nation owns or manages with the hope that it will someday be useful is referred to as an asset. A company's balance sheet lists assets. They are acquired or produced to raise a company's value or improve the operations of the company. Physical commodities like equipment, real estate, raw materials, and inventories are considered assets. Intangible objects like patents, royalties, and other forms of intellectual property are also considered assets.

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3 0
1 year ago
Pioche Company is considering selling a "premium" version of one of its products. The following information is available. The ad
ryzh [129]

Answer: B- Increase of $200,000

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The extra revenue that will be gained if the company sells premium units will be;

= Premium price - normal price

= 17 - 10

= $7

There are 100,000 unit so the extra revenue is;

= 7 * 100,000

= $700,000

The increase in Net income will be;

= 700,000 - additional processing costs

= 700,000 - 500,000

= $200,000

8 0
3 years ago
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