Answer:
Christopher
He will need to contribute $661.51 every quarter for seven years.
Explanation:
a) Data and Calculations:
To save up to $20,000 for a house down payment seven years from now, Christopher needs to save every quarter:
Results
PMT = $661.51
N (# of periods) = 28
I/Y (Interest per year) = 2.25
PV (Present Value) = 0
FV (Future Value) = $20,000
P/Y (# of periods per year) = 4
C/Y (# of times interest compound per year) = 4
PMT made at the of each quarter
Sum of all periodic savings = $18,522.41
Total Interest = $1,477.59
Yes, as the trees develop and the harvest draws nearer, the farmer will gain from an increase in the value of the private property.
What do you mean by Private property?
Real estate that is owned by people or organisations other than the government is referred to as private property. Land, buildings, things, and intellectual property are all examples of private property (copyright, patent, trademark, and trade secrets). Private property is often given away, sold, or transferred with the owner's permission.
To learn more about Private property
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Answer:
The correct answer is option (A).
Explanation:
According to the scenario, the computation of the given data are as follows:
Pension Expense = Service Cost + Interest on Projected Benefit Obligation + Amortization of prior service cost due to increase in benefits - Expected return on plan assets - Amortization of net gain
By putting the following value in the formula, we get
Pension Expense = $2,100,000 + $805,000 + $380,000 - $532,000 - $205,000
= $2,548,000
Answer:
<u>Yes. </u>
Explanation:
How else are they going to make their money?
Answer:
The manufacturing margin is $460000
Explanation:
Margin is the difference between a company revenue (sales) and the cost of manufacturing. Manufacturing margin is the profit a manufacturer gets from sales of goods or services. Fixed manufacturing costs, variable selling and administrative expenses and Fixed selling and administrative expenses are not used when calculating the manufacturing margin.
Manufacturing margin = Sales - Variable costs of goods sold = $900000 - $440000 = $460000
The manufacturing margin is $460000
