1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
IRISSAK [1]
4 years ago
13

Your grandfather wants to establish a scholarship in his father’s name at a local university and has stipulated that you will ad

minister it. As you’ve committed to fund a $15,000 scholarship every year beginning one year from tomorrow, you’ll want to set aside the money for the scholarship immediately. At tomorrow’s meeting with your grandfather and the bank’s representative, you will need to deposit (rounded to the nearest whole dollar) so that you can fund the scholarship forever, assuming that the account will earn 4.50% per annum every year.
Business
1 answer:
algol134 years ago
8 0

Answer: The correct answer is $333,333.33

Explanation: Perpetuity is a cashflow that is payable or receivable forever.

In calculating the present value of a Perpetuity, the cash flow will be divided by the rate.

That is $15,000/ 4.5%

=$15,000/ 0.045

=$333,333.33

The money to be set aside now to be able to pay $15,000 every year is $333,333.33

You might be interested in
Annie is at the checkout line of the grocery store when she sees a case of candy bars. She then decides to buy them. This is an
g100num [7]
This is impulse buying
7 0
3 years ago
QUESTION 2 of 10: You really want to add nachos to your menu and feel that you'll sell 10 units a night at $8.95 with a food cos
Nikolay [14]

Answer:

2.5 nights

Explanation:

8.95*10= 89.5-(2.87*10)= 57.20

100+50=150/57.20=~2.5

5 0
3 years ago
In a(n) ________, an individual or firm contracts with a parent company to set up a business or retail outlet.
strojnjashka [21]

There are different kinds of businesses. In a franchise system. an individual or firm contracts with a parent company to set up a business or retail outlet.

  • Franchising is simply known to be a type of contractual system. It is often used to commercialize products, services or technology.

There are five major types of franchises. They are: job franchise, product franchise, business format franchise, investment franchise and conversion franchise.

A franchise (or franchising) is simply known as a process of sharing products or services involving a franchisor, who establishes the trademark of the brand of a business system, and a franchisee, who is responsible for paying a royalty under the franchisor's name and system.

Learn more about Franchise from

brainly.com/question/12879015

5 0
2 years ago
Match each type of tariff with an example of its use.
Anna35 [415]

a. revenue tariff----------------a 6% tariff on oranges to provide money for the government.


Revenue tariff alludes to a set of rates planned for expanding public revenue. It can likewise be said as a tax exacted on import and fare to fund-raise for the government. Revenue tariff is any schedule or arrangement of rates or changes that are proposed to create income for the government.  

b. protective tariff---------a 50% tariff on oranges to shield domestic orange growers from international competition.


Protective tariffs are tariffs that are established with the point of ensuring a domestic industry. Tariffs are likewise forced keeping in mind the end goal to raise government income, or to decrease a bothersome action. In spite of the fact that a tariff can all the while secure household industry and procure government income, the objectives of assurance and income augmentation recommend distinctive duty rates, involving a trade off between the two points.  

c. retaliatory tariff-----------a 200% tariff on oranges to reply to a high tariff imposed by another country.


Retaliatory tariff refers to a tariff imposed as a methods for constraining a foreign government and expected to urge the give of correspondence benefits.  

Retaliatory tariff is a tariff imposed to pressure another nation into evacuating its own tariffs or making exchange concessions.

6 0
3 years ago
Problem E3-14December 31, unadjusted trial balance for Demon Deacons Corp.Accounts Debit CreditCash $10,000 Accounts Receivable
djverab [1.8K]

Answer:

rent expense        2400

  Prepaid Rent        2400

--expired rent--

Deferred Revenue  750

Service Revenue           750

--acrued revenue--

Salaries expense 700

salaries payable          700

--accrued salaries--

Supplies               3200

supplies expense      3200

--supplies used--

The trial balance is attached.

Explanation:

a) 7,200 is the contract value for 6 months

we divide by 6 month and then, we multiply by 2 month accrued for the year (november and december)

b)we decrease the portion earned and recognize the gain

c) we recognize a liability and the wages expense associate for this wages

d) the difference between the book value and supplies on hand will be considered consumption so, supplies expense

For the ajusted trial balance, we will adjust the balance of eahc account considering the beginning balance

8 0
3 years ago
Other questions:
  • Which of the following is NOT true about a command economy?
    13·1 answer
  • Whats the differences between fans and customers
    7·1 answer
  • A company earned $3,000 in net income for October. Its net sales for October were $10,000. Its profit margin is:
    13·1 answer
  • Given the following information, determine net income. The retained earnings balance on January 1, 2018, equals $58,000; dividen
    15·1 answer
  • Khandi gives a presentation to advocate that her employer, Let-Us, Ltd., which offers services such as personal shopping and eve
    5·1 answer
  • Suppose that a small company that makes a standardized product is experiencing an increase in sales even though it has a small g
    8·1 answer
  • What is stock market?
    5·2 answers
  • Average daily balance definition
    14·1 answer
  • Price floors and ceiling prices both:
    14·1 answer
  • Surveys show that a small increase in the price of one brand of gasoline (e.g. Shell or Irving) will cause most people to switch
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!