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rusak2 [61]
3 years ago
7

Unfortunately, Diana doesn't have enough money in her account right now. She needs to make additional contributions at the end o

f each of the next three years to be able to pay for the repairs. Her account currently has $3,500, which, along with her additional contributions, is expected to continue earning 6% annual interest. If she makes equal contributions each year, how large must each contribution be for Diana to have $8,000 after three years

Business
1 answer:
Kobotan [32]3 years ago
6 0

Answer: $1,203.49

Explanation:

The equal contributions will be an annuity. The $3,500 already there will also grow at 6% for 3 years. Expression is;

8,000 = ( 3,500 * ( 1 + 6%)^3) + Contribution * Future value interest factor of annuity, 3 years, 6%

8,000 = 4,168.56 + Contribution * 3.1836

Contribution = (8,000 - 4,168.56) / 3.1836

Contribution = $1,203.49

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You live in a town with 300 adults and 200 children, and you are thinking about putting on a play to entertain your neighbors an
vredina [299]

Answer:

Explanation:

a) To maximise profit, we would charge a price of 7 for adults and a price of 4 for children.

Profit would be = 7 x 300 + 4 x 200

Profit = 2900

This is the maximum profit other than fixed cost

b) If we have to keep one price of the ticket, then it would be 7. This would yeild a profit of 2100

c) From the law, the adults dont get any benefit, rather the children are in best position of free ticket

d) Fixed cost wont effect the answers above as long as the price and numbers of participants wont change

6 0
3 years ago
The Widget Co. purchased all of its fixed assets three years ago for $6 million. These assets can be sold today for $3 million.
oksano4ka [1.4K]

Answer:

$4,800,000

Explanation:

Widget corporation purchased all of its fixed assets three years ago for $6 million

These assets can be sold today for $3 million

The company receives $1.8 million in cash after liquidation of current assets

Therefore the market value of the company's total assets today can be calculated as follows

Market value = $3,000,000 + $1,800,000

= $4,800,000

Hnence the company's market value for today is $4,800,000

8 0
3 years ago
How have airplanes changed the way the world does business? Check all that apply. by making long trips less expensive by making
Marina86 [1]

Answer:

a. by making long trips less expensive

b. by making long trips in less time

c. by opening up new trade markets

e. by increasing travel options

Explanation:

5 0
3 years ago
Read 2 more answers
An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 50 h
Anettt [7]

Answer:

a. Gross pay = $1,320

b. Net pay = $917

Explanation:

a. Determine the gross pay for the week. $ If applicable, round your final answer to two decimal places.

Pay for 40 hours = 40 * $24 = $960

Pay for excess of 50 hours = (50 - 40) * $24 * 1.5 = $360

Gross pay = $960 + $360 = $1,320

b. Determine the net pay for the week.

Net pay = $1,320 - ($1,320 * 6.0%) - ($1,320 * 1.5%) - $304 = $917.

3 0
3 years ago
1. _______ refers to care of a child in someone else's home. A. Nursery school B. Family child care C. In-home care D. Home chil
nlexa [21]
 B) Family child care <span>refers to care of a child in someone else's home. This is like a day-care that exists in someone's place of residence. Usually there are a number of children enrolled at once, and the care-taker makes the home more suitable to the purpose, ensuring child safety and that there are plenty of activities to stimulate the children. 

</span>
8 0
3 years ago
Read 2 more answers
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