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
Alex_Xolod [135]
2 years ago
14

Williamsburg Nursing Home is investing in a restricted fund for a new assisted-living home that will cost $6 million. How much m

oney do they need to invest each year to have $6 million in fifteen years? If the expected rate of return on the investment is 10%, and the hospital invests at the end of each year?
Business
1 answer:
Digiron [165]2 years ago
3 0

Answer:

Annual deposit= $188,842.66

Explanation:

Giving the following information:

Williamsburg Nursing Home is investing in a restricted fund for a new assisted-living home that will cost $6 million.

n= 15 years

i= 10%

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (6,000,000*0.10)/[(1.10^15)-1]

A= $188,842.66

You might be interested in
Discount Travel has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; and oth
BARSIC [14]

Answer:

The current ratio is 2.98

Explanation:

total current assets = cash + receivables + inventory + other current assets

                                = $102 million + 94 million + 182 million + 18 million

                                = $396 million

total current liabilities = accounts payable + current portion of long term debt

                                     = $98 million + $35 million

                                     = $133 million

current ratio = current assets/current liabilities

                     = [$396 million]/[$133 million]

                     = 2.98

Therefore, The current ratio is 2.98

6 0
3 years ago
NextLinx Corporation provides a wide range of strategic implementation services for small- and medium-sized organizations. It al
maks197457 [2]

Answer:

The correct answer is: e-commerce enabler.

Explanation:

An e-commerce enabler is an online-based business that allows other individuals and businesses to offer their products as part of the enabler's webpage. The e-commerce enabler acts as a mall where different stores offer their goods without the need of having a correlation. One of the most famous e-commerce enabler worldwide is Alibaba.

5 0
3 years ago
Assume an analyst has been hired to estimate the price elasticity of demand for hamburger (which sells for about $2.30 per pound
Pepsi [2]

Answer:

The correct answer is B

Explanation:

Price elasticity of the demand evaluates the demand responsiveness after the change or variation in the product own price.

The formula for computing the coefficient of price elasticity, is the factors which affect the elasticity and also elasticity is vital for business when deciding the prices.

So, Filet mignon(F) sells for $20 per pound when compared to that of hamburger (H) which sells the product for $2.30 per pound. F have the higher price as compare to the H, therefore, the coefficient of the price elasticity of demand in absolute value will be high or larger for F than that of H.

6 0
3 years ago
Assume Gillette Corporation will pay an annual dividend of 0.61 one year from now. Analysts expect this dividend to grow at 11.5
SashulF [63]

Answer:

I'm so sorry but I do not know the answer to these kind of a question : )

8 0
1 year ago
A food manufacturer reports the following for two of its divisions for a recent year.
hram777 [196]

Answer:

1. 13.8% and 14.6%

2. 13.6% and 16.5%

3. 1.01 times and 0.88 times

Explanation:

The computations are shown below:

1. Return on investment = Operating Income ÷ Average invested Assets

where, average invested assets would be

= (Invested assets, beginning + Invested assets, ending) ÷ 2

For Beverage Division, it would be

= $366 ÷ {($2,696 + $2,610) ÷ 2}

= $366 ÷ $2,653

= 13.8%

For Cheese Division, it would be

= $651 ÷ {($4,489 + $4,417) ÷ 2}

= $651 ÷ $4,453

= 14.6%

2. Profit margin = (Operating income ÷ sales) × 100

For Beverage Division, it would be

= ($366 ÷ $2,698) × 100

= 13.6%

For Cheese Division, it would be

= ($651 ÷ $3,942) × 100

= 16.5%

3. Investment turnover = Sales ÷ Average Operating Assets

For Beverage Division, it would be

= $2,698 ÷ {($2,696 + $2,610) ÷ 2}

= $2,698 ÷ $2,653

= 1.01 times

For Cheese Division, it would be

= $3,942 ÷ {($4,489 + $4,417) ÷ 2}

= $3,942 ÷ $4,453

= 0.88 times

7 0
2 years ago
Other questions:
  • How does lack of a good transportation system cause labour inefficiency (economics)
    9·1 answer
  • Prepaid Rent. On September 1 of the current year, the company prepaid $44,400 for two years of rent for facilities being occupie
    10·1 answer
  • Taggart Inc. is considering a project that has the following cash flow data. What is the projects payback? Year 0 1 2 3 Cash flo
    9·1 answer
  • How much money does a teacher make
    10·1 answer
  • When setting up an ecommerce shop, which stage of the searcher’s intent should youfocus?
    6·1 answer
  • A new truck, manufactured by General Motors Corp. (GMC), stalled in rush hour traffic on a busy interstate highway because of a
    6·2 answers
  • Kimberly has been helping Jonah in preparing his personal income tax forms for a couple of years. Jonah's boss recommended Kimbe
    12·1 answer
  • Both interest bearing and noninterest bearing notes bear interest.<br> A. True<br> B. False
    11·1 answer
  • Cho plans to manage the business, which means that she will have to quit her current job. Suppose that the interest rate (or rat
    14·1 answer
  • To keep high inflation from eroding the value of money, monetary authorities in the united states.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!