Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The members want to set up a perpetual fund to provide $100,000 for future replantings every 10 years. The interest rate is 5%.
I will assume that the money is deposited as a lump sum:
FV= PV* (1 + i)^n
PV= FV/ (1+i)^10
PV= 100,000 / 1.05^10= $61,391.33
Now, if n is 100 years:
PV= 100,000/ 1.05^100= $760.45
Answer:
He needs to add all of the transactions together.
Explanation:
Answer:
The correct answers would be option B and D, Provide hands on experience and connect students with experts.
Explanation:
CTSO stands for Career and Technical Students Organization. It is usually a non profit organization of career and technical students which are primarily based in schools or career technology centers. They are often integrated into departments of education on the state level. Their main purpose is to provide assistance and help to the students. They provide hands on experience to the students who want to flourish their career and technical skills before entering into the real markets. They also connect students with the experts of their fields who help them with their studies as well as with their careers.
Answer:
Assuming Charlie uses the cost depletion method, his depletion expense for the year is $ 56,250
Explanation:
Depletion method is used to provide a depletion charge for assets which have a depletion nature in the usage of the resources such as mines, quarries and oil wells.
Depletion Charge = Cost /Expected Total Contents in Units × Number of Units taken in the Period
= $225,000 /1,000,000 × 250,000
= $ 56,250
