Answer:
The correct answer is C.
Explanation:
Giving the following information:
Jack would like to have $1.25M to retire in 35 years. He will get $375,000 the day he retires.
He can deposit funds in a money market account which earns 6.5% interest per year, and he would like to make yearly deposits.
<u>First, we need to calculate the final value required:</u>
FV= 1,250,000 - 375,000= $875,000
Now, using the following variation of the final value formula, we can calculate the yearly deposit:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
FV= 875,000
n= 35
i= 0.065
A= (875,000*0.065) / [(1.065^35) - 1]= $7,054.48
The annual deposit is $7,054.48.
Using the allowance method, is bad debt expense recognized in the period in which sales related to the uncollectible account are made.
One of the most typical types of bad debt is credit card debt. Lenders issue credit cards, which let you make purchases on credit. These credit cards frequently have exorbitant interest rates that can soon become out of control.
Bad debt costs are typically listed on the income statement as a sales and general administrative expenditure. Accounts receivable on the balance sheet are reduced when bad debts are recognized, but firms still have the right to collect money if the situation changes.
Learn more about bad debts here
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Answer:
(a) She should use specific and simple language.
Explanation:
The communication is the two-way process through which the sender and the receiver can communicate/ talk with each other. It is an exchange of ideas and information. It can be done in verbal or non verbally form.
There are various modes of communication like - telephonic, emails, messaging, face to face, etc.
In the given situation, the Serena should use the specific and the simple language while communicating this bad news so that everyone can listen properly, and the chances of argument and the aggressiveness of the people would be less occur.
Answer:
1.38%
Explanation:
Calculation to determine About what percentage of SoHo International's total portfolio is invested in Bright Force
Using this formula
SoHo International's total portfolio percentage=
Asset allocation strategy percentage*United States, Go Global has allocated percentage*SoHo International U.S holds percentage
Let Plug in the formula
SoHo International's total portfolio percentage=57%* 55%* 4.4%
SoHo International's total portfolio percentage=1.38%
Therefore SoHo International's total portfolio percentage that is invested in Bright Force is 1.38%
Answer:
There is no change in consumers' or producers' well being
Explanation:
Currently consumers of vodka were levied tax of $2. However, government decided to provide tax relief to consumers and shift the burden on producer. There will be no change in the well being of consumers and producers.
Tax is a cost that shifts demand curve if consumers pay tax. Supply curve shifts if producers pay tax. The overall effect, however remains the same. If producers pay tax, cost per unit vodka will increase which will be reflected increased prices. Similarly, if consumers pay tax, they will demand lesser. so there is no change overall.
