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AlexFokin [52]
3 years ago
12

Rob, Dave, and Kelly understand the financial risks involved in starting their own brewery; that's why they've established their

business as a
A. close corporation.
B. proprietorship.
C. partnership.
D. company.
Business
1 answer:
Hitman42 [59]3 years ago
8 0
It would be D.... close corporation
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You deposit $1,100 at the end of each year into an account paying 9.1 percent interest.
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Answer:

a.

The money that we will have in account is $51156.41

b.

The money that we will have in account is $318808.31

Explanation:

a.

The deposits made in the account represent an annuity pattern as the deposits made are of a constant amount, are made after equal interval of time and are for a defined time period. Thus, to calculate the value of money that we will have after 19 years, we will use the formula for the future value of annuity.

The formula for the future value of annuity is attached.

FV = 1100 * [ (1+0.091)^19 - 1 / 0.091 ]

FV = $51156.41178

b.

The same formula for the future value of annuity will be used and we will change n from 19 to 38.

FV = 1100 * [ (1+0.091)^38 - 1 / 0.091 ]

FV = $318808.3149

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1 year ago
When making a payment of FUTA taxes, the employer must make the payment by the: a.10th of the month after the quarter. b.end of
Murljashka [212]

Answer:

Correct option is D.

<u>End of the month after the quarter.</u>

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FUTA taxes must be paid quarterly by the last day of the month following the end of the calendar quarter.

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