1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleksandr [31]
4 years ago
7

Wildhorse Inc. wishes to accumulate $1,092,000 by December 31, 2030, to retire bonds outstanding. The company deposits $168,000

on December 31, 2020, which will earn interest at 10% compounded quarterly, to help in the retirement of this debt. In addition, the company wants to know how much should be deposited at the end of each quarter for 10 years to ensure that $1,092,000 is available at the end of 2030. (The quarterly deposits will also earn at a rate of 10%, compounded quarterly.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Business
2 answers:
Ulleksa [173]4 years ago
7 0

Answer:

Quarterly deposit= $9,508.68

Explanation:

<u>First, we need to calculate the future value of the initial investment:</u>

FV= PV*(1+i)^n

PV= $168,000

i= 0.10/4= 0.025

n= 10*4= 40

FV= 168,000*(1.025^40)

FV= $451,090.73

Difference= 1,092,000 - 451,090.73= $640,909.27

<u>Now, to calculate the quarterly deposit, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (640,909.27*0.025) / [(1.025^40) - 1]

A= $9,508.68

klasskru [66]4 years ago
5 0

Answer:

I think the answer is $9,508.68?

Explanation:

Sorry, If wrong, I am stupid.

You might be interested in
Consumers who refuse to sacrifice style, but achieve it on a budget are called ________.
MaRussiya [10]
<span>Consumers who refuse to sacrifice style, but achieve it on a budget are called frugalistas.
Many people buy things on sales like christmas sales, black friday sales because on these sales all thing they buy are on their budget and if they see style and fashion, brand etc it will cost them too much so these consumers are known as frugalistas.</span>
4 0
4 years ago
The span of control for a manager: a. should never exceed 7 subordinates. b. varies somewhat from manager to manager, but most m
Alisiya [41]

Answer:

c. depends on a number of factors, and can vary from one manager, location and type of employees.

Explanation:

A manager can be defined as an individual who is saddled with the responsibility of supervising and ensuring his subordinates (employees) are working effectively and efficiently with the organization's goals and objectives.

In Business management or human resource management, span of control can be defined as the number of subordinates or junior level staffs who are directly controlled by a superior (manager).

Basically, the span of control for a manager depends on a number of factors, and can vary from one manager, location and type of employees.

<em>This ultimately implies that, span of control is directly proportional to the organizational structure and any other factor around them.</em>

3 0
3 years ago
Spade and Marcher Corp. manufactures and sells toy guns. These toy guns are a perfect imitation of real weapons. Inspired by Spa
VMariaS [17]

Answer:

analyzer

Explanation:

This strategy is used by companies wishing to gain market share. It is a moderate aggressive strategy, as it presents low aggregate risks, and innovation is not a very relevant factor in companies that use the analyzer strategy. Companies seek to provide a production of goods already in the market, with modifications and differentiations.

3 0
3 years ago
On July 1, Bramble Corporation purchases 670 shares of its $6 par value common stock for the treasury at a cash price of $9 per
user100 [1]

Answer and Explanation:

The journal entries are shown below:

On July 1

Treasury stock Dr (670 shares × $9 per share) $6,030

        To Cash $6,030

(Being the purchase of treasury stock is recorded)

For recording this we debited the treasury stock as it increased the treasury and credited the cash as it decreased the assets

On Sep 1

Cash Dr (420 shares × $14 per share) $5,880

      To Treasury Stock (420 shares × $9 per share) $3,780

      To Additional paid in capital - Treasury stock $2,100

(Being the resale of treasury stock is recorded)

For recording this we debited the cash as it increased the assets and credited the treasury stock and additional paid in capital as the sale is made

4 0
3 years ago
If an employeeâs manager issued an explicit or strongly implied threat that submission to sexual demands is a condition of the e
Mrac [35]

If an employee manager issued an explicit or strongly implied threat that submission to sexual demands is a condition of the employee's job, it would be an example of quid pro quo" harassment.

Protect individuals from discrimination based on characteristics such as race, nationality, religion, and gender. These rights are guaranteed to all citizens under the due process and equal protection clauses of the United States Constitution and the laws of Congress.

The Civil Rights Act of 1964 outlawed discrimination in employment based on race, color, national origin, religion, or sex, and the Equal Employee's Opportunity Commission was appointed to investigate discrimination and enforce the bill's provisions. established a meeting.

Learn more about employees at

brainly.com/question/1190099

#SPJ4

3 0
2 years ago
Other questions:
  • Persons recovering refrigerant during maintenance service or repair of small appliances must be certified as:
    8·1 answer
  • Consider the following income statement for Kroger Inc. (all figures in $ Millions):
    5·1 answer
  • James used $200,000 from his savings account that paid an annual interest of 10% to purchase a hardware store. After one year, J
    15·1 answer
  • An investor can trade Foreign Currency Options on all of the following EXCEPT:
    15·1 answer
  • The​ ________ market is where securities are initially issued and the​ ________ market is where preminus owned securities​ (not
    11·1 answer
  • A blue ocean strategy differs from a low-cost strategy in that A. the intent of a blue ocean strategy is not to be the absolute
    11·1 answer
  • Because of _____, an increase in government spending results in a larger increase in real GDP. Please choose the correct answer
    8·1 answer
  • A new president has been elected. She promises to lower taxes drastically. What is most LIKELY to happen as a result of this dec
    11·1 answer
  • The use of government taxes and spending to alter macroeconomic outcomes is known as?
    5·1 answer
  • If the proposed positioning for a new Ducati motorcycle would work just as well for a model from Suzuki or Moto Guzzi, the posit
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!