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Ugo [173]
3 years ago
12

Suppose that you plan to invest $1200 at the end of each of the next 9 years and you want to have accumulated $15,600 at the end

of this period. What rate of return would you need to achieve? (Hint: this is what I called an A=BxC problem in which you know A and B.)
Business
1 answer:
Mandarinka [93]3 years ago
7 0

Answer:

The rate of return is 8.96%

Explanation:

The rate of return required here can be computed using excel rate formula ,which is stated thus:

=rate(nper,-pmt,pv,fv)

nper is the duration of investment which is 9  years

pmt is the yearly invested sum of $1,200

pv is the present worth of total invested sum which is unknown and taken as zero

fv is the future accumulated investment amount of $15,600

=rate(9,-1200,0,15600)=8.96%

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The exhibit shows the breakdown of benefits and costs for a five-person community considering whether to purchase a $5,000 statu
ICE Princess25 [194]

Answer:

B) will; less than

The exhibit shows the breakdown of benefits and costs for a five-person community considering whether to purchase a $5,000 statue of Adam Smith to put in the center of the public square. If simple majority voting determines the outcome, the statue will be purchased, and the total costs are less than the total benefits of the statue.

Explanation:

Attached is the completed question, including the table used for this question;

From the table;

For Milton, Maria and Kenneth the benefits of the statue is more than the cost levied on them(they would be in support)

For Jaime and maynard the benefits of the statue is less than the cost levied on them (not in support)

Since majority voting will determine the outcome, the statue will be purchased (3 in support and 2 against, majority is in support)

Total cost = $5000

Total benefits = $(1525+1315+505+845+1150) = $5340

Therefore, the total cost is less than the total benefits

8 0
3 years ago
National governments frequently borrow money to fund current expenditures how to find prior year debt
taurus [48]

National governments usually borrow money to fund their current expenditures as it to cover up their debts

4 0
3 years ago
1. If you had $1,000 to invest into the following funds, which one would have the highest value (not including any fees) at the
Art [367]
Orange Fund with Year 1 return of 0% & Year 2 return of 0%.
4 0
4 years ago
Read 2 more answers
On June 30, 2017, BobCat Inc. total current assets were $510,000 and its total current liabilities were $250,000. On July 1, 201
andriy [413]

Answer:

Increase.

Explanation:

Given that,

Total current assets = $510,000

Total current liabilities = $250,000

Current ratio before paying short term note:

= Total current assets ÷ Total current liabilities

= $510,000 ÷ $250,000

= 2.04

On July 1, 2017: Payment of short term note with cash = $60,000

This payment of short term note reduces the total current assets in terms of cash reduction and also reduces the total current liabilities in terms of short term liability.

New total current assets:

= $510,000 - $60,000

= $450,000

New current liability:

= $250,000 - $60,000

= $190,000

Current ratio:

= New Total current assets ÷ New Total current liabilities

= $450,000 ÷ $190,000

= 2.37

Therefore, the current ratio of this firm increases from 2.04 to 2.37.

4 0
3 years ago
​Haley is an accountant for a large hospital network. She knows that she could easily "skim" money from the organization to keep
serg [7]

Answer:

C. front page test

Explanation:

Front page test refers to the analytical study, which provides information to each public official about how people note his or her actions and respond accordingly.

People in general usually observe actions of individuals and then justify or some times reciprocate so many questions to them against there actions.

This clearly shows that Haley is referring to front page test as she is also a kind of public official, as for each action people respond accordingly, and might create opinions and judgement.

Thus, correct option is C.

front page test.

8 0
3 years ago
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