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denis-greek [22]
3 years ago
14

A one-time gift to your college will provide $25,000 in scholarship funds next year with that amount increasing by 2 percent ann

ually thereafter. If the discount rate is 5.5 percent, what is the current value of this perpetual gift? a) $748,602.49 b) $726,849.29c) $714,285,71
Business
1 answer:
kherson [118]3 years ago
6 0

Answer:

c) $714,285.71

Explanation:

The computation of the current value of this perpetual gift is shown below:

= (Scholarship fund provided next year) ÷ (discount rate - growth rate)

= ($25,000) ÷ (5.5% - 2%)

= ($25,000) ÷ (3.5%)

= $714,285.71

In order to find out the current value, we considered all the given information that are mentioned in the question

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Jerome Jones delivers pizza for Papa’s Pizza. He earns $7.80 an hour plus time-and-a-half for every hour over 40. Last week he w
Serga [27]

His net pay is $328.16.

The first step is to calculate Jerome’s salary.

Regular time - 40 x $7.80 = $312

Overtime - 5 x $7.80 x 1.5 = $58.50

Total Salary = $312 + 58.50 = $370.50

The next step is to calculate the deductions:

Social security = 370.50 x .062 = $22.97

Medicare = 370.50 x .0145 = $5.37

Federal Income Tax = $14

Total Deductions = 22.97 + 5.37 + 14 = $42.34

$370.50 - $42.34 = $328.16

8 0
3 years ago
How do the choices consumers make impact business decisions?
ki77a [65]

Answer:  B

Explanation: Businesses are run by consumers, so the choices those consumers make will find their way into business decisions. b. Businesses can track the trends of what consumers are and are not buying, and will attempt to cater to the desires of those who provide them with profits.

3 0
3 years ago
Read 2 more answers
Telecom Co. enters into a​ two-year contract with a customer to provide wireless service​ (voice and​ data) for​ $40 per month.
Sergio039 [100]

Answer:

The answer is: C) There are two distinct performance obligations: the wireless service and the phone.

Explanation:

Performance obligation refers to a promise made by a company to deliver a good or service to a customer. A series of goods or services that are very similar and are transferred at the same time to a customer can be considered as one single performance obligation.

For example, the voice service and the data service are considered one single wireless service. But the cellphone is totally different so it has to be considered a separate performance obligation.

7 0
3 years ago
Arnie made 800,000 after deducting expenses when he sold the helicopter
Maksim231197 [3]
I think the correct answer is c , hope I helped
6 0
3 years ago
This problem has been solved!
Vsevolod [243]

Answer:

option (B) Costs outweigh benefits by $1,600

Explanation:

Given:

Software costs = $10,300

Employee training cost = $8,200

Expected hardware upgrade cost = $12,100

Expected benefits from the inventory tracking system = $29,000

Now,

The total cost of the inventory tracking system

= Software costs + Employee training cost + Expected hardware upgrade cost

= $10,300 + $8,200 + $12,100

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Since the cost is more than the benefit, the cost outweigh the benefit

the difference of outweigh = Cost - Benefit = $30,600 - $29,000 = $1,600

Hence,

the correct answer is option (B)

7 0
3 years ago
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