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nika2105 [10]
3 years ago
15

The Great Giant Corp. has a management contract with its newly hired president. The contract requires a lump sum payment of $24,

800,000 be paid to the president upon the completion of her first 9 years of service. The company wants to set aside an equal amount of funds each year to cover this anticipated cash outflow. The company can earn 8 percent on these funds. How much must the company set aside each year for this purpose?
Business
1 answer:
Marat540 [252]3 years ago
5 0

Answer:

The company must set aside $1,985,976.79 each year for this purpose

Explanation:

Data provided in the question:

Required payment = $24,800,000

Time = 9 years

Interest rate = 8% = 0.08

Now,

Required payment = A × [( ( 1+ r )ⁿ - 1) ÷ r ]

Here,

A is the amount required to be set aside each year

Therefore,

$24,800,000 = A × [( ( 1+ 0.08 )⁹ - 1) ÷ 0.08 ]

or

$24,800,000 = A × 12.48755

or

A = $1,985,976.79

Hence,

The company must set aside $1,985,976.79 each year for this purpose

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3 billion

Explanation:

the financial account will be the cash inflow less the cash outflow:

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4 billion of dollar enter the US from aboard while 1 billion left the country with destination aboard in total the financial account will be:

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A decrease in the price of domestically produced industrial robots will be reflected in a. the GDP deflator but not in the consu
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Answer:

A decrease in the price of domestically produced industrial robots will be reflected in the GDP deflator but not in the consumer price index.

<u>Explanation:</u>

Although from the outset, CPI and GDP Deflator might measure something very similar, there are a couple of key contrasts. The first is that GDP Deflator incorporates just local merchandise and nothing that is imported. This is diverse because the CPI includes anything purchased by buyers, including remote merchandise.

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6 0
3 years ago
Credit sales 172,000 collections on accounts receivable during the year 170,000 cash sales 818,000 unadjusted debit balance in a
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Answer:

$250  ( C )

Explanation:

using the given data below is the entry

The adjusting entry to recognize bad debts will include a debit to bad debt expense for

<h3>  particulars                                                                   amount</h3>

Beginning accounts receivable                                                     14000

+ Credit sales made during the year                                             172000

(-) collections from debtors                                                            (170000)

(-) expected salary return & allowances for credit sales               (2000)

Ending accounts receivable                                                          14000

Percentage of bad debt                                                                 1.5%

Total bad debts balance required ( 14000*1.5%)                          210

+ Already debit balance in allowance for doubtful account         40

Total debit to be made in bad debts                                              250

Total debts = total bad debts balance required + already debit balance in all

                  =  210 + 40 = $250

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3 years ago
A manager experiences a cashier shortage that averages $50. 00 per day. if the manager's operation is open 360 days per year, wh
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A manager experiences a cashier shortage that averages $50. 00 per day. if the manager's operation is open 360 days per year, 1800 will be this manager's annual revenue loss due to cashier shortages

In colloquial language, the average is a single number representing a list of numbers, usually the sum of the numbers divided by the number of numbers in the list. For example, the average of the numbers 2, 3, 4, 7, and 9 is 5.

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In colloquial language, the average is a single number representing a list of numbers, usually the sum of the numbers divided by the number of numbers in the list. For example, the average of the numbers 2, 3, 4, 7, and 9 is 5.

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Noun. Mean, Mean, Median, Standard means something that represents the midpoint. The average is the quotient obtained by dividing the sum of a set of numbers by the number of numbers. scored an average of 85 points on the test. The mean is the simple mean or the middle value between the two extremes.

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Learn more about Domestic movies here: brainly.com/question/25731424

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5 0
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