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2 years ago

8

Suppose you are committed to owning a $220,000 Ferrari. If you believe your mutual fund can achieve an annual return of 10.85 pe

rcent, and you want to buy the car in 8 years on the day you turn 30, how much must you invest today

1 answer:

jok3333 [9.3K]2 years ago

7 0

Answer:

2,291,520

Explanation:

220,000×10.85%=23,870

23,870×96=2,291,520

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From the standpoint of the issuing company, a disadvantage of using bonds as a means of long-term financing is that

kumpel [21]

Answer:

interest must be paid on a periodic basis regardless of earnings

Explanation:

Businesses need funds to operate and they sometimes issue bonds to get the needed bonds.

Bonds are debt instruments that are sold to investors to get funds. Interest is also paid to the bond buyer for the tenure of the bond.

The major disadvantage of using bonds as a source of bonds from the standpoint of the issuer is that interest must be paid on a periodic basis regardless of earnings.

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On January 1, 2024, Tyson Manufacturing Company purchased a machine for $41,100,000. Tyson's management expects to use the mac

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Answer:

Annual depreciation= $5,865,714.29

Explanation:

Giving the following information:

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<u>To calculate the depreciation expense for 2024, we need to use the following formula:</u>

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Annual depreciation= [(41,100,000 - 40,000) / 28,000]*4,000

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2 years ago

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C. price index

is the correct answer to the questions

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A. is a measure of change in the prices of goods from one period to

another

A. sanction

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оо O

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D. subsidy

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In the short-run, if there is a surplus in the market for a product, the rationing function of price can be expected to cause:

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Option D

In the short-run, if there is a surplus in the market for a product, the rationing function of price can be expected to cause: a decrease in the market price of the product.

<h3><u>Explanation:</u></h3>

When quantity provided surpasses quantity required, a surplus endures. If the value goes up, the amount of necessitated goes downward. If the price drops, the quantity required raises. Price ceilings limit a price from growing beyond a particular level.

When a price ceiling is fixed under the equilibrium price, the amount required will pass quantity fulfilled, and excess demand or deficits will result. Price floors block a price from dropping below a reliable level. When a price floor is fixed beyond the equilibrium price, the measure supplied will exceed the quantity needed, and excess stock or surpluses will happen.

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3 years ago