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Many academic institutions offer a sabbatical policy. Every seventh year a professor is given a year free of teaching and other

Fittoniya [83]

Answer:

$ 127,773.36

Explanation:

The professor will be in sabbatical in years 7, 14, 21, 28, 35 and 42

In each of these years, he receives full pay amounting to=50,000

The PV of the sabbatical full pay

= $\frac{50,000}{1.04^7} + \frac{50,000}{1.04^14} + \frac{50,000}{1.04^21} + \frac{50,000}{1.04^28} + \frac{50,000}{1.04^35} +\frac{50,000}{1.04^42} = 84,101.22$

=50,000/(1+4%)^7+ 50,000/(1+4%)^14+ 50,000/(1+4%)^21+ 50,000/(1+4%)^28+50,000

/(1+4%)^35+ 50,000/(1+4%)^42

==50,000/(1+4%)^7+ 50,000/(1+4%)^14+ 50,000/(1+4%)^21+ 50,000/(1+4%)^28+50,000

/(1+4%)^35+ 50,000/(1+4%)^42

= $\frac{50,000}{1.316} + \frac{50,000}{1.732} + \frac{50,000}{2.279} +\frac{50,000}{2.999} +\frac{50,000}{3.946} + \frac{50,000}{5.193}$

=37,993.92 + 28,868.36 + 21,939.45 + 16,672.22 + 12,671.06 + 9,628.35

= $ 127,773.36

Thus, at an interest rate of 4%, the present value of all the sabbatical earnings amount to $ 127,773.36

6 0

3 years ago

Matt and Joel are equal partners in the MJ Partnership. For the current year ended December 31, the partnership has book income

Blababa [14]

Answer:

$86,000

Explanation:

A partnership is a pass through entity that is not taxed directly, but instead its partners are taxed. Even the partners' salaries are recorded as drawings, not salary expense.

The partnership's total ordinary income = book income + any donations or contributions to charities = $80,000 + $6,000 = $86,000

8 0

3 years ago

Corporate dividends represent: Multiple Choice tax-free income for the recipient because they are distributions of pretax income

olga nikolaevna [1]

e. Corporate dividends represent aftertax income from the corporation which becomes taxable income for the recipient.

More about dividends:

Dividend refers to a distribution of a corporation's profits to its shareholders and to use the term distribution to refer to other payments to shareholders, such as payments made when the corporation is liquidated.

Types:

Cash the most typical and probably the most appreciated type of dividend is cash, which is typically distributed in the form of a check payable to the shareholder.
Property dividends are the least frequent dividends declared, making them less appealing to shareholders who may not want to receive a variety of the company's goods.
Share dividends are payments made on the corporation's shares to shareholders in proportion to their individual ownership stakes in the corporation.

Learn more about dividends here:

brainly.com/question/2960815

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6 0

1 year ago

A company's flexible budget for 24,000 units of production showed per unit contribution margin of $2.50 and fixed costs, $31,200

ANTONII [103]

Answer:

The operating income will be:

Total contribution($2.50 x 29,000) = 72,500

Less: Fixed cost = 31,200

Operating income = 41,300

Explanation:

The contribution per unit is $2.50. This per unit contribution will be multiplied by the number of units produced and sold in order to obtain total contribution. Operating income is the excess of total contribution over fixed cost.

6 0

3 years ago

The labor-force participation rate tells us the fraction of the population that a. has chosen to participate in the labor market

Klio2033 [76]

Answer:

a. has chosen to participate in the labor market.

Explanation:

The formula to compute the labor-force participation rate is shown below:

Labor- force participation rate = Labor force ÷ Population of working age

By dividing the labor force with the Population of working age so that the labor force participation rate could come

Therefore, the option a is correct as it defines the participated in the labor market

8 0

3 years ago