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4 years ago

Funds are Scarce, so -------- are needed to re-build homes destroyed by the food.

1 answer:

8 0

The correct answer that would best complete the given statement above would be the second option. Funds are Scarce, so VOLUNTEERS <span>are needed to re-build homes destroyed by the flood. Volunteers include those people who are willing to help and give support without asking in return or be paid, given that the funds are already scarce. Hope this helps.</span>

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Davenport Inc. offers a new employee a single-sum signing bonus at the date of employment. Alternatively, the employee can recei

Alex

The single sum at the employment date would make her indifferent between the two options is: $72,867.

<h3>Single sum at the employment date</h3>

Using this formula

Single sum=Amount- received+ Present value

Let plug in the formula

Single sum=$30,000+($50,000/(1+0.08)²

Single sum=$30,000+($50,000/(1.08)²)

Single sum=$30,000+($50,000/1.1664)

Single sum=$30,000+42,867

Single sum= $72,867

Inconclusion The single sum at the employment date would make her indifferent between the two options is: $72,867.

Learn more about single sum here:brainly.com/question/24576997

8 0

3 years ago

A $1000 bond with a coupon rate of 6.2% paid semi annually has eight years to maturity and a yield to maturity of 8.3%. If inter

mel-nik [20]

Answer:

Correct option is (C)

Explanation:

Given:

Face value of bond (FV) = $1,000

Coupon rate = 6.2% annual and 6.2 / 2 = 3.1% semi annual

Coupon payment (pmt) = 0.031 × 1,000 = $31

Maturity period (nper) = 8×2 = 16 periods

Rate = 8.3% annual or 8.3 / 2 = 4.15%

Present value of bond can be computed using spreadsheet function =PV(rate,nper,pmt,FV)

Present value of bond when yield is 8.3% is $878.99

If ytm increases to 8.6% annual or 8.6 / 2 = 4.3% semi annual, then present value of bond will be $863.22 (using spreadsheet function again)

It can be seen that as ytm increased from 8.3% to 8.6%, price of bond fell by $15.77 approximately (878.99 - 863.22)

7 0

3 years ago

On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $36 million. Ameen uses strai

vfiekz [6]

Answer:

1.31-Dec-21

Dr Income tax expense $12.50

Cr To Income taxes payable $11.00

Cr To Deferred tax liability $1.50

2.$37.50 million

Explanation:

1. Preparation of the appropriate journal entry to record Ameenâs 2021 income taxes. Assume an income tax rate of 25%.

Depreciation as per books for 2021 = $30 - $28 Depreciation as per books for 2021= $2 million

Depreciation as per tax for 2021 = $20 - $12

Depreciation as per tax for 2021 = $8 million

Taxable income = $50 + $2 - $8

Taxable income = $44 million

JOURNAL ENTRIES - Ameen Company (In million)

31-Dec-21

Dr Income tax expense $12.50

Cr To Income taxes payable ($44*25%) $11.00

Cr To Deferred tax liability ($6*25%) $1.50

(To record income tax expense)

2. Calculation to determine What is Ameenâs 2021 net income?

Ameen's 2021 net income = $50 - $12.50

Ameen's 2021 net income = $37.50 million

Therefore Ameen's 2021 net income is $37.50 million

6 0

3 years ago

The _______ of performance scores makes obtaining a significant validity coefficient more difficult with a concurrent validity d

LUCKY_DIMON [66]

What does the answers mean?

8 0

3 years ago

Obviously, the lifetime membership isn’t a good deal if you only remain a member for a couple of years, but if you remain a memb

Len [333]

Answer:

The minimum number of years that Lloyd must remain a member of the ADLA so that the lifetime membership is cheaper (on a present value basis) than paying the annual membership dues is 23 years.

Explanation:

The question is incomplete.

<em>Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce Lawyers Association (ADLA), a professional organization for divorce attorneys. The membership dues for the ADLA are $600 per year and must be paid at the beginning of each year. For instance, membership dues for the first year are paid today, and dues for the second year are payable one year from today. However, the ADLA also has an option for members to buy a lifetime membership today for $6,500 and never have to pay annual membership dues. Obviously, the lifetime membership isn't a good deal if you only remain a member for a couple of years, but if you remain a member for 40 years, it's a great deal. Suppose that the appropriate annual interest rate is 7.4%. What is the minimum number of years that Lloyd must remain a member of the ADLA so that the lifetime membership is cheaper (on a present value basis) than paying $600 in annual membership dues?</em>

<em />

We have to equal the price of the lifetime membership with the present value of the annual membership. The anual membership present value is equal to a annuityof n years.

$6,500=600*\sum_0^n\frac{1}{(1+0.074)^{n}} =600(\frac{1-(1.074)^{-n}}{0.074})\\\\\\\frac{6500}{600}*0.074= 1-(1.074)^{-n}\\\\1.074^{-n}=1-0.8017=0.1983\\\\-n*ln(1.074)=ln(0.1983)\\\\n=-ln(0.1983)/ln(1.074)=-(-1.6180)/0.0714=22.66\approx23$

3 0

3 years ago