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
Klio2033 [76]
3 years ago
7

The government imposed a fine on the Not-So-Legal Company. The fine calls for a payment of $100,000 today, $150,000 one year fro

m today, and $200,000 two years from today. The government will hold the funds until the final payment is collected and then donate the entire amount to charity. The government has agreed to pay annual interest of 3 percent on the held funds. How much will be donated to charity in two years?
Business
1 answer:
belka [17]3 years ago
8 0

Answer:

The amount after 2 years will be $460590

Explanation:

The payment which is done 2 year from today = $200000

The payment which is done one year from today = $150000

Rate of interest = 3 %

So the amount after 1 year

A=P(1+\frac{r}{100})^n=150000(1+\frac{3}{100})^1=$154500

The amount which is done today = $100000

So amount after 2 years

A=P(1+\frac{r}{100})^n=100000(1+\frac{3}{100})^2=$106090

So total amount after 2 years = $106090+$154500+$200000 = $460590

You might be interested in
The balance shown in the August bank statement of Colt Company was $22,400. After examining the August bank statement and items
a_sh-v [17]

Answer:

A.$20,200

Explanation:

The computation of the cash amount which should be reported in the balance sheet is shown below:

= August Bank statement balance + Deposits outstanding - Checks outstanding

= $22,400 + $2,300 - $4,500

= $20,200

The other amount which is given in the question is irrelevant. Hence, these items should not be considered in the computation, so they are ignored.

3 0
4 years ago
Read 2 more answers
5) In class we discussed different shocks; for each of the following, describe how monetary policymakers would respond (if at al
Allushta [10]

Answer:

a) monetary policy will be eased

b) Monetary policy will be tightened

c) Monetary policy will be eased

Explanation:

<u>A) A reduction in autonomous consumption </u>

A reduction in autonomous consumption will cause the monetary policy makers to apply an autonomous easing of monetary policy and this is to help balance the economy because of the reduction seen in aggregate demand

<u>b) An increase in government expenditures</u>

An increase in government expenditures will result in an increase in demand hence monetary policy will be made tighter in order to balance the economy activities

<u>c) An appreciation of the dollar </u>

when the dollar appreciates relative to other currencies the effect is that there will be a decrease in exports and increase in imports, hence the monetary policymakers will apply an autonomous easing of monetary policy to help balance economic activities

5 0
3 years ago
Advertising​ _______. A. shifts the average fixed cost curve upward and the average variable cost curve downward B. shifts the a
soldi70 [24.7K]

Answer:

Option D is correct

Explanation:

Due to the increase in awareness amongst target market would increase consumers demand of product which would increase revenue.

7 0
3 years ago
Which one of the following is an example of a sunk cost?
Tresset [83]

While choosing the projects various relevant costs are to be considered.Sunk cost is one of such costs. sunk costs are costs which has already been incurred.The money has been spent and it will not be recovered.sunk costs are irrelevant and are not take into consideration while making decisions.

Answer and Explanation:

(a) Incorrect

Sales lost is not sunk cost. sales lost due to out of stock inventory is because of wrong decision and mismanaged inventory stock.

(b) Correct

Repair cost incurred and paid cannot be recovered back. it is not relevant for decision making as the cost has already been incurred.

Hence, it is a sunk cost.

(c) & (d) Incorrect

When one alternative is selected over another, there may be a loss of gain from t he project forgone. such gain which lost is called opportunity cost. (d) & (e) is opportunity cost.

(e) incorrect

increase in sale is increase in income. it is not a cost.

3 0
3 years ago
Use the following information and the indirect method to calculate the net cash provided or used by operating activities: Net in
alukav5142 [94]

Answer:

The correct answer is $97,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the net cash provided by using the following formula:

Net cash = Net income + Depreciation expense - Gain on sale of land - Increase in merchandise inventory + Increase in accounts payable

By putting the following value in the formula, we get

Net Cash = $86,600 + $13,300 - $7,000 - $3,350 + $7,450

= $97,000

Hence, the net cash provided is $97,000.

3 0
3 years ago
Other questions:
  • You own 25 percent of Unique Vacations, Inc. You have decided to retire and want to sell your shares in this closely held, all-e
    11·1 answer
  • A code that governs our behaviors in any certain situation is known as our code of what?
    12·2 answers
  • "Albert applied for a consumer durables loan at Horizon Bank and had to provide his personal information in the loan application
    7·1 answer
  • In times of economic downturn, which of the following businesses is most likely to do well?
    10·2 answers
  • For an individual who is participating in a 45-minute walk, how essential is this beverage?
    7·2 answers
  • In an early U.S. Supreme Court interpretation of the commerce clause, the Court ruled that _______ could regulate labor relation
    12·1 answer
  • A. The owner invested $16,200 cash in the company in exchange for its common stock.
    11·1 answer
  • Brinkman Corporation bought equipment on January 1, 2007 .The equipment cost $90,000 and had an expected salvage value of $15,00
    10·1 answer
  • 9.4 Working Capital. Identify the working capital accounts related to (a) revenues recognized and deferred, (b) cost of goods so
    11·1 answer
  • Which of the following is NOT one of the five groups in the diffusion of innovation curve
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!