An automatic reinvestment plan is a service offered by mutual funds that helps an investor earn compound interest on their investments
Mutual fund pools assets from shareholders to invest in securities like stocks, bonds, money market instruments, and other assets. they give access to individual or small investors to professionally manage portfolios of bonds, equities, and other securities.
They provide a service called an automatic reinvestment plan, in which they reinvest the investment gains back into an investor's portfolio rather than paying them out as distributions. the benefit of an Automatic reinvestment plan is of getting compound interest, It different from another service they provide which is an automatic investment plan, which just allows the investors to contribute money to an investment account on a regular interval and to invest in a pre-set portfolio.
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Answer:
Dr. Employee Benefits expense $22,700
Cr. Medical Insurance payable $13,500
Cr. Employee retirement program payable $9,200
Explanation:
The cost of fringe benefit provided to the employee of the company and any tax component attached to it is known as the employee benefit expense.
Total employee benefit expense is the sum of medical insurance and employee retirement program. As medical insurance and retirement program is payable until now so, it is recorded as a liability.
Employee benefit expense = $13,500 + $9,200 = $22,700
Answer:
$21,796.14
Explanation:
Use the Time Value of Money techniques to calculate the amount of each installment (PMT)
PV = $250,000
i = 6 %
n = 20
P/yr = 1
FV = $0
PMT = ?
Using a Financial calculator to input the values as above, each annual instalment/payment will be $21,796.14.
First we find out how many weeks are in 1 year:
1 year = 52.1429 weeks
Then we find out how many hours he worked in a year by multiplying the number of hours he worked by the number of weeks there are in a year:
40 hrs/week x 52.1429 hrs/year = 2,085.716 hrs
Finally we divide:
27,040 dollars/year by 2,085.716 hrs
Afterwards we get 12.964372906, or to make it simpler we would round and get 12.96 dollars/hour
So your answer is $12.96 per hour.
Answer:
My HPR was 11%
Explanation:
Investment Value at Beginning of the yer = $50
Growth rate = 4%
Holding period Return = Dividend + return on investment value
Holding period Return = $3.50 + ( $50 x 4% )
Holding period Return = $3.50 + $2
Holding period Return = $5.50
Holding Period Return Rate = ( $5.5 / $50 ) x 100
Holding Period Return Rate = 11%
So, my HPR was 11%
