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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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An amendment to the texas constitution requires a balanced budget. This means that _____.
marissa [1.9K]

Any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.

<h3>What does Texas Constitution require a balanced budget?</h3>
  • Texas always keeps its budget balanced because the State Constitution demands it. The Texas state and local sales taxes exceed 10% of the individual transaction price. The primary operating fund for Texas is the General Revenue Dedicated Fund.
  • A constitutional amendment known as the "balanced budget amendment" would restrict government spending to the amount of revenue it receives. Spending would need to be under control by the federal government.

An amendment to the texas constitution requires a balanced budget. This means that any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.

According to a balanced budget, a government should not spend more than its income. Thus projected incomes and expenditures should be equal.

To learn more about balanced constitutional budget amendment, refer to:

brainly.com/question/8873582

#SPJ9

4 0
2 years ago
If reserves in the banking system increase by $100, then checkable deposits will increase by $500 in the model of multiple depos
const2013 [10]

Answer:

d. 0.2

Explanation:

D = 500

R = 100

D*rr = R

500*rr = 100

rr = 100/500

   = 0.2

Therefore, The required reserve ratio is a 0.2

6 0
3 years ago
From the list choose the letter that contains the word, phrase, name, etc that best matches the word, phrase, name, etc listed o
qwelly [4]

Answer:

Matching with the Best Word, Phrase, Name, etc:

1.        J.  Affirmative action

2.       B.  Requires that men and women be given equal pay for equal work in the same establishment

3.        M.  A process of negotiation between firms and labor unions regarding wages, compensation, working conditions, and other factors affecting workers

4.       C.  May increase demand for unionized labor

5.       L.  Relations Act of 1935. A law granting workers the right to unionize

6.       G.  Companies in many states could legally refuse to hire a black worker regardless of the credentials or experience of that worker supplied of labor and lower quantity demanded of labor

7.       A.  Legislative proposal providing path to legal residency to qualifying immigrants who entered the United States as minors (before the age of 16)

8.       I.  Lead to a decline of labor unions in the United States

9.       K.  Lead to a decline of labor unions in the United States

10.      D.  A law requiring companies to pay equal wage to all their workers regardless of race, age or sex

Explanation:

The DREAM Act, Relations Act of 1935, Equal Pay Act of 1963, Civil Rights Act of 1964, and Affirmative action are some of the government-sponsored programs to ensure that some level of equity applies to individual cases.

 

8 0
2 years ago
Dulce Corporation had 200,000 shares of common stock outstanding during the current year. There were also options for 10,000 sha
Nimfa-mama [501]

Answer:

$19.80

Explanation:

The Diluted EPS of Dulce Corporation shall be determined through the following mentioned formula:

Diluted EPS=Net income/Number of outstanding shares

Net income= $4 million

Number of outstanding shares=Common stock shares+shares issued for free due to share options

Common stock shares=200,000

shares issued for free due to share options=Number of options*Intrinsic value/market price of common shares

Number of options=10,000

Intrinsic value=market price-exercise price=$25-$20=$5

Shares exercised due to share options=10,000*5/25=2,000

Diluted EPS=$4,000,000/200,000+2,000

                   =$19.80

3 0
3 years ago
Assume Jack is a rational person and has reached the point where the marginal benefit of eating the 8th Krystal burger this week
REY [17]

Answer:

<u>Per additional unit of kystal burger</u>

Explanation:

Remember marginal utility is the additional satisfaction derived from consuming more of a product. A rational person (intelligent) may be defined as someone who uses clear thought and reasoning to make decisions.

However, there's a law called the law of diminishing marginal utility which states that at a particular point, Jack's marginal utility from additional consumption of Krystal burger will begin to decrease.

5 0
3 years ago
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