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Olenka [21]
3 years ago
8

Alan Fillmore’s lifelong dream is to own his own fishing boat to use in his retirement. Alan has recently come into an inheritan

ce of $410,900. He estimates that the boat he wants will cost $334,300 when he retires in 6 years. Click here to view factor tables How much of his inheritance must he invest at an annual rate of 4% (compounded annually) to buy the boat at retirement? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
Business
1 answer:
horrorfan [7]3 years ago
6 0

Answer:

$264202

Explanation:

We use the present value formula to calculate the money to be invested now in order to get 334300

PV = FV *1/(1+R)^n

      334300*1/(1.04)^6

      =$264202

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The investment a company makes in training employees to perform their duties and redesigning products and processes to improve t
Andre45 [30]

Answer:

True

Explanation:

Prevention Cost is the cost which is incurred to avoid the loss due to defects in the products manufactured, here the cost incurred is as follows:

Training employees that is the benefit from training will be reducing cost and improving quality of the product, therefore, it will be considered as prevention costs.

Further cost incurred for redesigning products and processes will improve the quality of the product and the process therefore this cost can also be considered as prevention costs.

Final Answer

The above statement is true.

4 0
3 years ago
In a fee-for-service health insurance plan with a $6,500 annual deductible, _____.
In-s [12.5K]

Answer:

A.

Explanation:

3 0
2 years ago
The University could continue to use the present bus for the next seven years. Whether the present bus is used or a new bus is p
Nonamiya [84]

Answer:

If the present bus is repaired, the present value of the annual cash operating costs associated with this alternative is calculated as follows;

7 0
2 years ago
A manager utilizing managment by obejective to motive her emplyees would focus on?
omeli [17]

A manager utilizing management by objective to motive her employees would focus on  firstly to determine or revised company's objectives or goals. She should set goals which is accepted by employees. Healthy competitions can also motivate employees to achieve objectives in the specific time limit.

She can give awards to employees who achieve goals to motivate employees. Management by objective is a strategic management approach which involves planning, defining, revising, setting, evaluating and tracking of company's objective through motivating employees by setting their individuals's goals to achieve larger goals.

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6 0
1 year ago
Read 2 more answers
On December 31, 2017, Oakbrook Inc. rendered services to Beghun Corporation at an agreed price of $102,049, accepting $40,000 do
galben [10]

Answer:

Loan Amortization Table is attached with this answer, please find it

Explanation:

First of all we calculate the Loan Payment per period

Loan Payment per year = r ( PV ) / 1 - ( 1 + r )^-n

Loan Payment per year = 0.11 ( (102,049 - 40,000 ) / 1 - ( 1 + 0.11 )^-4

Loan Payment per year = $6,825.39 / 0.341269 = 20,000 per year

6 0
3 years ago
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