<u>Calculation of amount of annuity:</u>
It is given that Steve Madison needs $250,000 in 10 years. And we are asked to find how much must he invest at the end of each year, at 5% interest. That means we are asked to find the annuity amount, which can be calculated as follows:
Annuity = Future value / Future value of $1 Annuity
Future value is $250,000
And Future value of $1 Annuity (5%, 10 years using the Present value table) is 12.57789
Hence, the Annuity = 250,000 / 12.57789 = 19,876.15
Hence Steve Madison should invest <u>$19,876.15</u> each year.
Answer:
The correct answer is: bribery.
Explanation:
Bribery involves an illegal activity where a reward is offered from one party to another(s) in order to provoke certain favorable behavior. Normally, the bribes are offered to public officials or high range executives to avoid legal responsibilities, or undesired laws or to change the payee point of view on a certain matter being discussed where substantial profits can be obtained.
Answer:
E. They are problems and resources that most people have experience with or can relate to.
Explanation:
- Such problems and resources are most commonly found in day to day lives. People can easily relate to them as they are simple and common in the workplace.
- They are associated with the resources of particular problems. This making them a subject of practice it becomes easy to use them for teaching and other purposes. Such as enlightenment and giving advice.
Answer:
The correct answer is $ 49,000. (which is not in options)
Explanation:
This problem requires us to calculate value of retain earning at the end of the year. We know that assets = equity + liabilities and equity = common stock + retain earning. Following this rule we can easily calculate amount of retain earning. Detail Calculation is given below.
Asset
Accounts Receivable $30,000
Land $42,000
Investments $7,000
Building $59,000
Cash and Equivalents $80,000
Equipment $64,500
Supplies $6,000
Total Asset $288,500
Less
Liability
Notes Payable $59,000
Interest Payable $5,500
Income Taxes Payable $10,000
Accounts Payable $38,000
Total Liabilities $112,500
Less
Equity
Common Stock $127,000
Retain earning $ 49,000
<span>An average adult mus consume on average 16 oz of water per day in order to function properly.</span>