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Paul [167]
4 years ago
15

Graham receives $640,000 at his retirement. he invests x in a twenty-year annuityimmediate with annual payments and the remainin

g $640, 000 − x is used to purchase a perpetuity-immediate with annual payments. his total annual payments received during the first twenty years are twice as large as those received thereafter. the annual effective interest rate is 5%. find x.
Business
1 answer:
Sauron [17]4 years ago
6 0
<span>For the amount invested in the 20 year annuity immediate,

the return will be;
 r/(1 - (1+r)^-n) = 0.05/(1- 1.05^-20)
= 0.0802425872
= 8.02425872% 

Now, return on perpetuity-immediate = 5% 

So, 5% + </span>8.02425872% = 13.02425872<span>

for equal returns from both investments,
X = 5/(13.02425872) x 640,000

= $245,695.365 

= $ 245,695.36 </span>
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A company uses the FIFO method for inventory costing. During a period, a production department had 56,000 units in beginning goo
marishachu [46]

Answer:

158460 ( B )

Explanation:

Given data :

production department ; 56000 units

process inventory = 32% = 0.32

completed and transferred units = 167000

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attached below is the table representation of the solution

The number of equivalent units produced by the department

= ∑ all the variables listed on the table

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7 0
3 years ago
Ali is working with a company that makes custom-designed shoes for its customers. The customers have accepted the product concep
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Answer:

The functional role being used by the government to help Ali's company is;

Redistribution of income and resources

Explanation:

The government using the three arms, namely; legislature, judiciary and executive perform various functions to ensure that it's citizens live and operate in a certain way. There are different activities that need government input o ensure efficiency. Some examples are; social activities, economic activities and political activities. Some of the major functions of government are as follows;

1. Defend and preserve the country's territorial integrity: the government has a duty to defend it's borders against external aggression.

2. Preserve order: order has to be preserved in a country to minimize chaos. The government using the constitution as a tool for preserving and maintaining order.

3. Redistribution of income and resources: the government can enforce certain policies that tend to redistribute income and resources from the wealthy to economically marginalized groups in the society. This can be done by imposing higher taxes on the rich while at the same time imposing little or no tax on the poor. The government can also provide subsidies to goods and services meant for the poor or even support small businesses by providing for cheaper loans with very low interest. An example is Ali's company that utilized a low-cost loan to boost his business. In this way the government is playing the role of redistribution of income and resources.

8 0
4 years ago
(1) we observe that the equilibrium price of turkey meatball rises. explain whether or not a rise in the price of turkey is resp
Eduardwww [97]
The price of turkey didn't necessarily go up, but if demand rose then so did the price.
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Firms with a very limited advertising budget would be very unlikely to use __________ advertising. multiple choice outdoor radio
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Advertising differs from public relations in that the advertiser pays for and controls the message. It varies from personal selling in that the message is not focused at a specific individual. Advertising is communication through numerous mass media, such as newspapers, magazines, television, radio, outdoor advertising, or direct mail, as well as developing media such as search results.

To learn more about Advertising, click here.

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8 0
2 years ago
The town of Conway opened a solid waste landfill several years ago that is now filled to capacity. The city initially anticipate
natulia [17]

Answer:

Option D

Landfill Closure Liability  2,000,000

Cash  2 ,000,000

Explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
4 0
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