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Anestetic [448]
3 years ago
8

Chris Fowler borrowed $93,290 on March 1, 2018. This amount plus accrued interest at 8% compounded semiannually is to be repaid

March 1, 2028. To retire this debt, Chris plans to contribute to a debt retirement fund five equal amounts starting on March 1, 2023, and for the next 4 years. The fund is expected to earn 7% per annum.How much must be contributed each year by Chris Fowler to provide a fund sufficient to retire the debt on March 1, 2025?
Business
1 answer:
dmitriy555 [2]3 years ago
3 0

Answer:

$43,027

Explanation:

The computation of the amount to be contributed each year is shown below:-

Amount to be repaid on March 1, 2025 = Loan amount × (1 + Interest Semiannually )^Number of years

= $93,290 × (1 + 0.04)^20

= $93,290 × 2.191123143

= $204,409.878

Amount to be contributed = Required future value ÷ Cumulative FV factor at 7% for 5 periods of annuity due

= $204,409.878

÷ 4.75074

= $43,027

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To minimize the risk of theft of consumer remittances, the person who manages and deposits customer payments can also. Use of cash registers.

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  • A customer deposit is cash settled to a company by a customer, for which the company has not yet provided goods or benefits in exchange.
  • The company has an obligation to provide the displayed goods or services, or to replace the funds.

<h3>What are customer deposits?</h3>

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2 years ago
Is its revenue stream from advertising and equipment sales growing or declining
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Answer: Revenue stream is growing

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The sales of equipment is also growing revenue because of the influence of technology on production. Technology has made production faster and cheaper. This has made it relatively cheaper for most firms to adopt than the Labour intensive system. Because of the demand to produce higher goods at cheaper cost, the demand for equipment has also gone up hence, increasing the revenue base for its dealers.

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3 years ago
Ms. Marilynn Castillo is a marketing manager at Gordon Corp. She debates whether or not to conduct a marketing research study be
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The correct answer is letter "B": cost-benefit assessment.

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DEFF ADR represents 20% of the value of a DEFF ordinary share. The ordinary shares trade on the London Stock Exchange, where the
Katarina [22]

Answer:

$16,800

Explanation:

Calculation to determine how much will the customer receive in each dividend payment

First step is to calculate the ADR

ADR=$560,000 / $56

ADR= 10,000 ADR shares.

Note that U.S. market ADR will be either be 1/5th or $56 per U.S. ADR

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Semiannual annual dividend rate per ordinary share =(6BP* *1/5th ADR worth)*$1.40 exchange rate

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The weight of a candy bar in ounces is an example of
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