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monitta
3 years ago
12

g . A condominium in Maui now costs $500,000. Inflation is expected to cause this price to increase at 8 percent per year over t

he next 5 years before you retire from your CFO position in a Big 4 company. How large an equal annual end-of-year deposit must be made into an account paying an annual rate of interest of 12 percent to buy the condominium upon retirement?
Business
1 answer:
prisoha [69]3 years ago
8 0

Answer:

$115,643

Explanation:

The condo is now valued at $500,000

--> Future value (FV) of the condo in 5 years in 500,000 x 1.08^5 = $734,664

n = 5 years

i/r = 12%

Present value (PV) of the deposit now = 0 (no deposit has been made)

PMT (Amount of annual deposit need to be made) = ?

In order to find PMT, we need to input all the above info into financial calculator.

PMT = $115,643

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The​ Ritz-Carlton has carefully created a strong and distinctive differentiation​ strategy, which is supported by everything the
JulijaS [17]

<u>Full question:</u>

The​ Ritz-Carlton has carefully created a strong and distinctive differentiation​ strategy, which is supported by everything the company​ says, is, and does. Which type of differentiation is​ this?

A.  People differentiation

B.  Product differentiation

C.  Image differentiation

D.  Services differentiation

E.  Channel differentiation

<u>Answer:</u>

Image differentiation   is​ this.

<u>Explanation:</u>

Image Differentiation as an origin of competitive advantage, a firm may differentiate itself from its opponents by image; the appropriate image or 'oneself' it procures is designed by its logo and additional symbols. A differentiated image accommodates at paying out from the crowd.  Image differentiation is necessary for a company or product.

A powerful image builds the product’s quality and value proposition, it distinctively carries this character and it abandons emotional power behind a mental image. Image differentiation helps labels earn an aggressive edge over their rivals.

6 0
3 years ago
On January 1 of the current year, the Barton Corporation issued 8% bonds with a face value of $73,000. The bonds are sold for $7
Goryan [66]

Answer:

$6,278

Explanation:

The discount of issuance of bond will be amortized until period of maturity while Total interest expense on a discounted bond is the addition of amortization of the discount amount and coupon payment.

Therefore;

Coupon payment = $73,000 × 8%

= $5,840

Discount on the bond = $73,000 - $70,810

= $2,190

Discount amortized per year = $2,190/5

= $438

Total interest expense = Coupon payment + Amortization of discount

= $5,840 + $438

= $6,278

8 0
3 years ago
Tami Strand’s regular hourly wage rate is $10, and she receives an hourly rate of $20 for work in excess of 40 hours. During a J
Simora [160]

Answer:

Gross earnings = $600

Net pay = $466.10

Explanation:

The computation of the gross earnings and the net pay is shown below:

Gross earnings

40 hours × $10 = $400

10 hours × $20 = $200

So, the total = $600

Since tami worked for 50 hours, 10 hours extra so $20 is paid for 1 hours extra. So, for 10 hours it would be $200

Net pay

Gross earnings                                     $600

less: federal income tax withholding   -$88

Less: FICA tax rate @7.65% on $600 - $45.90

Net pay                                                    $466.10

6 0
4 years ago
1. I tend to be critical of others?
makvit [3.9K]

Answer:

Sorry but I don't know what to make of this.

Explanation:

5 0
3 years ago
Wbs stands for which of the following project management tools
hichkok12 [17]
<span>Work Breakdown Structure.</span>
3 0
3 years ago
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