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Alex
4 years ago
10

Uptown industries just decided to save $3,000 a quarter for the next three years. The money will earn 2.75 percent, compounded q

uarterly, and the first deposit will be made today. If the company had wanted to deposit one lump sum today, rather than make quarterly deposits, how much would it have had to deposit today to have the same amount saved at the end of the three years?
Business
1 answer:
Ber [7]4 years ago
6 0

Answer:

Uptown industries have to deposit today $4,145.

Explanation:

To find the final capital at the end of the third year, we use the compound interest formula:

Final Capital (FC)= Initial Capital (IC)*[(1+interest(i))]^(number of periods(n))

FC=$3000*[1+2.75%]^(12)

FC= $4,145.35

Then, Uptown industries have to deposit today $4,145.

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marta [7]

Answer:

$48,000

Explanation:

The computation of the total amount paid to the preferred shareholder is shown below:

= Number of preferred stock shares × par value × dividend rate × number of years

= 1,200 shares × $100 × 10% × 4 years

= $48,000

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All other information which is given is not relevant. Hence, ignored it

7 0
3 years ago
g An equity issue sold to the firm's existing stockholders is called a Group of answer choices private placement Rights offer ge
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Answer:

rights offer.

Explanation:

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3 years ago
MC Qu. 141 Comet Company accumulated... Comet Company accumulated the following account information for the year: Beginning raw
artcher [175]

Answer:

the total factory overhead cost is $11,900

Explanation:

The computation of the total factory overhead cost is shown below:

= Indirect materials cost + Indirect labor cost + Maintenance of factory equipment

= $2,700 + $5,700 + $3,500

= $11,900

Hence the total factory overhead cost is $11,900

The same should be considered and relevant

7 0
3 years ago
Select the correct answer from each drop-down menu.
QveST [7]

Answer:

government's  policy.

Explanation:

Govenment policies on tax decide what to tax and where to allocate the resources of the tax.

7 0
4 years ago
When firms promote products to their own employees as part of an internal marketing effort, they are using a ______.
Anna007 [38]

Answer: pushing approach

                                 

Explanation: Push marketing refers to a sales technique in which corporations try to bring their products and services to consumers. The word push comes from the belief that advertisers are trying to push buyers towards their goods.

Common marketing tactics involve attempting to sell goods to directly to customers through corporation dealerships and bargaining with vendors to sell their goods to them, or setting up point-of-sale exhibits. To return for this greater visibility, these merchants may sometimes receive extra selling rewards.

Thus, from the above we can conclude that the correct answer is pushing strategy.

6 0
4 years ago
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