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
professor190 [17]
3 years ago
10

Bill and Sally Kaplan have an annual spending plan that amounts to $36,000. If inflation is 3 percent a year for the next three

years, what amount will the Kaplans need for their living expenses three years from now?
Business
1 answer:
Rama09 [41]3 years ago
6 0

Answer:

$39,338.17

Explanation:

The computation of the future value of their living expenses is presented below:

As we know that

Future value = Present value × (1 + inflation rate)^number of years

where,

Present value = $36,000

Inflation Rate = 3%

Number of years = 3 years

So, the future value

= $36,000 × (1 + 0.03)^3

= $36,000 × 1.092727

= $39,338.17

You might be interested in
What is the first step in effective time management
GREYUIT [131]

Answer:

The answer is Planning ahead.

Did some research :)

Planning your day ahead is the first and most crucial step towards effective time management. Because each hour you spend planning saves you 10 hours of doing. So, instead of jumping into your workday with no clear vision, devote some time to time management: think ahead of the activities you need to engage in.

3 0
4 years ago
zonk corp. is a manufacturer of ball bearings. data below is in dollar amounts in millions: total assets $7460 interest-bearing
satela [25.4K]

Answer:

Zork's cost of equity capital is 12.85%

Explanation:

Cost of equity=Rf+Beta* Mrp

Rf is the risk-free rate of 4.6% which is rate of return on government security

Beta of the stock is 1.13

Mrp is the market risk premium which is the incentive given over and above the risk free rate in order to compensate investors for risk taken by investing in stock i.e 7.3%

cost of equity=4.6%+(1.13*7.3%)=12.85%

4 0
3 years ago
Assume the following: The variable portion of the predetermined overhead rate is $3.00 per direct labor-hour. The standard labor
Artemon [7]

Answer:

Variable overhead efficiency variance= $3,000 favorable

Explanation:

<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Standard quantity= 3*15,000= 45,000 hours

Actual quantity= 44,000 hours

Standard rate= $3 per hour

Variable overhead efficiency variance= (45,000 - 44,000)*3

Variable overhead efficiency variance= $3,000 favorable

4 0
3 years ago
Which of the following ratios indicates the percentage of each sales dollar that is available to cover fixed costs and to provid
tigry1 [53]

Answer:

The correct answer is the option A: Margin of safety ratio.

Explanation:

To begin with, the name of <em>"Margin of Safety"</em>, in the field of business and accounting, is refered to a ratio whose main purpose is to establish the point in where the company knows that it has to sale obligately due to the fact that at that point the company can be sure that they have covered the fixed costs of it and after that point every sale will became a profit for the company. So that is why that this ratio indicates the percentage of each sales dollar that is available to cover those costs.

8 0
3 years ago
According to the text, management contracts usually stipulate that a fee of __________ be paid to the firm providing the managem
harina [27]

Answer:

A. 2 to 5 percent of sales

Explanation:

According to the text, management contracts usually stipulate that a fee of 2 to 5 percent of sales be paid to the firm providing the management expertise.

7 0
3 years ago
Read 2 more answers
Other questions:
  • The Electoral College makes the decision of electing the ________ of the United States. President, Senators, or ambassadors?
    9·2 answers
  • In the United States and Canada:_______.
    8·1 answer
  • What is a beneficiary?
    6·2 answers
  • Julie is developing a budget for her firm's IMC program. First she sets objectives. Then she chooses media, and finally she dete
    8·1 answer
  • Consider Larry's decision to go to college. If he goes to college, he will spend a total of $120,000 on tuition, $30,000 on room
    8·1 answer
  • Which of the following factors should be considered when deciding whether to keep a product line or drop it? Check All That Appl
    6·2 answers
  • After carefully considering the most recent employee survey results, you decide that Applebee's core issue is that employees fee
    9·1 answer
  • Dora Inc. reported the following on the company's cash flow statement: Sales $3,500,000 Net cash flow from operating activities
    11·1 answer
  • The next dividend payment by Hoffman, Inc., will be $2.80 per share. The dividends are anticipated to maintain a growth rate of
    7·2 answers
  • If the company can charge only one price, what should it be? $ Part 2 (5 points)See Hint Suppose instead of charging one price f
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!