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Vaselesa [24]
3 years ago
9

Since Tanya Martin retired, she has used income from her investment in the Alger Mid Cap growth fund to supplement her other ret

irement income. During one three-month period, the fund grew by $14,000. If she withdraws 55 percent of the growth, how much will she receive?
Business
1 answer:
elena-s [515]3 years ago
4 0

Answer:

She will receive $ 7,700.

Explanation:

It will receive $ 7,700, because it has taken 55% of its growth growth from its investment, which was $ 14,000 equals that amount. That is (14,000 x 0.55 = 7,700). Thus, by multiplying the value with the retracted percentage we will have $ 7,700.

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PLEASE ANSWER FOR BRAINLIEST How is the Lucy v. Zehmer case similar to the TV series Suit: 'Napkin Contracts'? How are they diff
Vladimir79 [104]

Answer:

Explanation:

Lucy sued Zehmer to compel him to go through with the sale. Zehmer argued that he was drunk. The trial court agreed with Z. and Lucy appealed. and in the episode they were so much going on

6 0
3 years ago
The following information is available for a potential investment for Panda Company: Initial investment $95,000 Net annual cash
vovangra [49]

Answer:

d. 1.38

Explanation:

The computation of potential investment's profitability index is shown below:-

As we know that

Profitability index (PI) = PV of future cash flows ÷ Initial investment

Now

NPV = Present value of future cash flows - initial investment

$36,224 = Present value of future cash flows - $95,000

Present value of future cash flows = $36,224 + $95,000

= $131,224

So,

Profitability index = Present value of future cash flows ÷ Initial investment

= $131,224 ÷ $95,000

= 1.38

Therefore we have applied the above formula.

8 0
4 years ago
Use the information presented in Midwestern Mutual Bank's balance sheet to answer the following questions.
ratelena [41]

Answer:

Answer for task 1: Increase

Answer for task 2: debt

Answer for task 3: -13.33

Answer for task 4: -14.00

Answer for task 5: reserve requirement

Explanation:

<u>Task 1:</u>

In the given question, the owner has borrowed $100 supplement to their existing reserves. Since the owner has borrowed, the value of debt would <u>increase</u>.

<u>Task 2:</u>

<u>Leverage ratio before borrowing:</u>

Leverage ratio = \frac{Total assets}{Capital}

Leverage ratio = \frac{200 + 800+1000}{-150}

Leverage ratio = -13.33

The leverage ratio before borrowing is - 13.33

<u>Task 3:</u>

<u>Leverage ratio after borrowing:</u>

Leverage ratio = \frac{Total assets}{Capital}

Leverage ratio = \frac{2000 + 100}{-150}

Leverage ratio = -14.00

The leverage ratio after borrowing is - 14.00

<u>Task 4:</u>

This would also bring the leverage ratio from its initial value of -13.33 to a new value of -14.00.

<u>Task 5:</u>

<u>Which of the following do bankers take into account when determining how to allocate their assets? Check all that apply.</u>

The option is<u> "b"</u>

When determining how to allocate their assets bankers take into account the reserve requirement.

3 0
4 years ago
14. On January 1, Nick Co. purchased a delivery truck for $60,000. The truck's salvage value is $2,000, and its estimated useful
vfiekz [6]

Answer: $12000

Explanation:

The amount of depreciation expense that Nick should record for the first year will be:

The depreciation will be:

= 1/no. of years

= 1/10

= 10%

Then, the rate of depreciation for double-declining will be:

= 10% × 2

= 20%

Then, the depreciation for the first year will be:

= $60000 × 20%

= $60000 × 0.2

= $12000

Therefore, the amount of depreciation expense that Nick should record for the first year is $12000.

Depreciation expense should Nick record for the first year is $12000

5 0
3 years ago
A large personal care products company adopts a(n) ________ approach to gain a competitive edge in light of intense foreign comp
lawyer [7]

Answer:

"Total quality management " is the correct answer.

Explanation:

  • TQM seems to be a management philosophy focused mostly on the idea that such a company can achieve long-term performance by making all its participants concentrate on enhancing efficiency and thereby providing customer loyalty, including low-level staff to their highest position representatives.
  • This can be accomplished by the incorporation of all roles and processes relating to quality throughout the business.
8 0
3 years ago
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