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wolverine [178]
3 years ago
11

Beginning three months from now, you want to be able to withdraw $2,800 each quarter from your bank account to cover college exp

enses over the next four years. If the account pays .50 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years
Business
1 answer:
mr Goodwill [35]3 years ago
4 0

Answer:

You will need to have $ 55,006.94

Explanation:

We need first to consider the following details according to the problem

We have a Annuity amount of $ 2900, a Rate(r)= 0.51%, and a Time(n)= 5 years (or 20 quarters ) .

To reach to the money that we would need to have in the bank today to meet the expense over the next four years we use the following formula:

PVA= annuity amount × [1 - (1 / (1 + r)n)] / r

PVA= $ 2900 x[ 1-{ 1/(1+0.0051)20)]/0.0051

PVA= $ 55,006.94

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Headland Corp. had $100,000 of 7%, $20 par value preferred stock and 12,000 shares of $25 par value common stock outstanding thr
KonstantinChe [14]

Answer:

total dividends distributed to common stockholders = $42,294.12

dividend per common stock = $42,294.12 / 12,000 = $3.52

Explanation:

allocated preferred dividends = 5,000 x $20 x 7% = $7,000

dividends directly allocated to common stockholders = $7,000 (same as above)

total dividends declared - allocated dividends = $64,000 - $14,000 = $50,000

total common + preferred stocks = 5,000 + 12,000 = 17,000

dividends per stock = $50,000 / 17,000 = $2.9412

dividends distributed to common stockholders = $42,294.12

dividends distributed to preferred stockholders = $21,705.88

dividend per common stock = $42,294.12 / 12,000 = $3.52

7 0
2 years ago
if variable cost increases by $1/unit, advertising cost increases by $1,500, and units sales increase by 250, what would be the
stira [4]

Revised Sales revenue (1,000 + 150 units = 1,150 * $35)           $40,250

Less: Reised Variable costs ($21 + $1 = $22 * 1,150)                  ($25,300)

Revised Contribution Margin                                                   $14,950

Less: Revised Fixed costs ($8,400 + $1,250)                          ($9,650)

Net operating income                                                                   $5,300

Fixed costs remain the same for a period of time. Variable costs increase or decrease depending on the performance of the company. Examples of fixed costs are rent, taxes, and insurance premiums.

Variable costs are costs that change with changes in quantity. Examples of variable costs include raw materials, parts labor, production materials, handling charges, shipping charges, packaging materials, and credit card fees. In some fiscal documents, the variable cost of production is called the "cost of goods sold."

Learn more about Variable costs at

brainly.com/question/5965421

#SPJ4

4 0
1 year ago
Turnbull Co. is considering a project that requires an initial investment of $270,000. The firm will raise the $270,000 in capit
svp [43]

Answer:

WACC = 11.45 %

Explanation:

Weighted average cost of capital is the average cost of all of the long-term types of finance used by a company weighted according to the that amount of finance used in relation to the total pool of fund

WACC = (Wd×Kd) + (We×Ke) + (Wp × Kp)

After-tax cost of debt = Before tax cost of debt× (1-tax rate)

Kd-After-tax cost of debt = 11.1%(1-0.4) =6.66%

Ke-Cost of equity = 14.7%

Kp= Cost of preferred stock = 12.2%

Wd-Weight of debt =100/270=0.370

We-Weight of equity = 140/270=0.518

Wp= weight of preferred stock = 30/270=0.111

WACC = (0.518× 14.7%) + (0.370 × 6.7%) + (0.111×12.2) =  11.447%

WACC = 11.45 %

6 0
2 years ago
Use one of your research accidents specifically and briefly explain it.a. Determine if this type maintenance-related error happe
EastWind [94]

Answer: Accident research covers a very wide field. In this paper different models for accident research are presented; ie the behavioral, the epidemiological and the systems model. Different definitions of accidents are discussed, and particular attention is given to the restrictions on research as implied by the different definitions. A method for near-accident reporting is presented as a way of activating safety work and extending cooperation concerning industrial safety measures. The Dirty Dozen refers to twelve of the most common human error preconditions, or conditions that can act as precursors, to accidents or incidents. These twelve elements influence people to make mistakes.

. Lack of communication  

5. Complacency  

9. Lack of knowledge  

2. Distraction  

6. Lack of teamwork  

10. Fatigue  

3. Lack of resources  

7. Pressure  

11. Lack of assertiveness  

4. Stress  

8. Lack of awareness  

12. Norms

B.How the Acts can help in this Life -  Track Your Time, Determine Your Priorities ,Set Specific Goals ,Schedule Scrupulously,Establish Boundaries .

C. What is Professionalism in the Workplace?

Professionalism has to do with the way a person conducts himself or herself in the workplace. An individual who shows consideration and respect for others demonstrates a commitment to professionalism. Likewise, a person who keeps his or her word, demonstrates loyalty, and exceeds expectations is demonstrating professionalism.  

There are four key elements that demonstrate a professional attitude. These are:  

Treat other with respect  

Keep your word  

Be loyal  

Exceed expectations

Explanation:

3 0
2 years ago
For a recent 2-year period, the balance sheet of Blue Company showed the following stockholders’ equity data at December 31 (in
Misha Larkins [42]

Answer:

Par value of common stock is $2.5

Explanation:

The par value of common stock can determined by dividing the common stock total amount in each of the two years by the shares issued and outstanding in each year as demonstrated below:

2019:

Par value of common stock =Common stock($)/shares issued

common stock($) is $555 million

shares issued and outstanding is 222 million shares

par value of common stock=$555 million/222 million=$2.5

2020:

Par value of common stock =Common stock($)/shares issued

common stock($) is $560 million

shares issued and outstanding is 224 million shares

par value of common stock=$560 million/224 million=$2.5

Ultimately the par value of common stock as shown be computations for both years is $2.5

7 0
2 years ago
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