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olganol [36]
3 years ago
10

Mark Johnson invests a fixed percentage of his salary at the end of each year. This year he invested $1500 For the next 5 years,

he expects his salary to increase 8% annually, and he plans to increase his savings at the same rate. How much will the investments be worth at the end of 6 years if the average increase in the stock market is (a) 8% (b) 5%(c) 3%
Business
1 answer:
meriva3 years ago
5 0

Answer:

Mark Johnson's investment would worth $ 13,223.95  at 8%,$ 12,338.93  

at 5% and $ 11,784.66  at 3%

Explanation:

In calculating the worth of the investments at different rates of interest I adopted the future value approach as contained in the attached.

Download xlsx
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"Income tax was $175,000 for the year. Income tax payable was $30,000 and $40,000 at the beginning and end of the year, respecti
kolezko [41]

Answer:

Cash payments for income tax  = $165000

so correct option is C. 165,000

Explanation:

given data

Income tax = $175,000

beginning tax payable = $30,000

end of the year tax payable = $40,000

to find out

Cash payments for income tax reported on the statement of cash flows

solution

we get here Cash payments for income tax that is express as

Cash payments for income tax  = Income tax  + beginning tax payable - end of the year tax payable      ..............................1

put here value we get

Cash payments for income tax  = $175000 + $30000 - $40000

Cash payments for income tax  = $165000

so correct option is C. 165,000

5 0
3 years ago
_____ is defined as the tradeoff (or relationship) of the quality of the purchase received, compared to the price paid and other
emmasim [6.3K]

Answer:

Value

<h3>What are the value definition and examples?</h3>
  • Value is the worth of goods, services, or money of an object or person.
  • An example of value is the amount given by an appraiser after appraising a house.
  • An example of value is how much a consultant's input is worth to a committee.

To learn more about it, refer

to brainly.com/question/25689052

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5 0
2 years ago
How many days after missing a student loan payment do your loans go into default?.
Anna35 [415]

Answer:270 day past due

Explanation:

4 0
2 years ago
With a patent on drug Z27, why would Able Drug Company charge customers $7 per 100 units even though its cost of producing 100 u
Dafna1 [17]
If Able Drug Company already has a patent on a drug called drug Z27, then they have the rights to charge it higher than cost of production. They do this so that they would gain profit from the drug that they have patented and to be able to expand their business more with it.
5 0
3 years ago
Last year there were 3100000 visitors to a national park and, on average, each visitor spends 22 hours in the park on average ho
Nataly [62]
Last year, being a non-leap year, there were 365 days  
So, number of hours in last year = 365 x 24 = 8760  
Total number of man-hours spent in the National park = 3100000 x 22, i.e. number of visitors x hours spent by each visitor  
We can find out average number of visitors in the park at any time during that hour as = (3100000 x 22)/8760 = 7785.388 visitors
8 0
3 years ago
Read 2 more answers
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