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nevsk [136]
3 years ago
15

Martin wants to provide money in his will for an annual bequest to whichever of his living relatives is oldest. That bequest wil

l provide $ 1 comma 000 $1,000 in the first​ year, and will grow by 6 6​% per​ year, forever. If the interest rate is 12 12​%, how much must Martin provide to fund this​ bequest?
Business
1 answer:
8090 [49]3 years ago
3 0

Answer:

$16,667

Explanation:

Given that

Cash flows = $1,000

Growth rate = 6%

Interest rate = 12%

So by considering the above information, the amount would be

Amount = Cash flows ÷ (Interest rate - growth rate)

= $1,000 ÷ (12% - 6%)

= $16,667

We simply applied the above formula so that the amount could come by considering the given information

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Bobbi and Stuart are partners. The partnership capital of Bobbi is $35,300 and that of Stuart is $77,700. Bobbi sells his intere
SCORPION-xisa [38]

Answer:

The correct answer is:

John's capital account for $35,300 (c.)

Explanation:

In the admission of a new partner, the purchase of ownership from an existing partner to a new partner is entirely a personal transaction between the existing partner and the new partner, and the extent of partner bonus (the interest sold on the original partnership amount) is acquired by the exiting partner, but this bonus is not reflected in the partnership agreement, hence the amount credited into the new partner's account is the same as that owned previously by the exiting partner, irrespective of how much the partnership ownership was sold for.

Hence, since Bobbi's partnership capital was $35,300, John's account would be credited with the same amount even if the ownership was sold for $55,900, as the bonus goes to Bobbi.

7 0
3 years ago
Many businesses use find-a-hand, a professional staffing agency because of the employees’ expertise in recruiting and selecting
makvit [3.9K]

It is an example of Strength in SWOT Analysis.

SWOT Analysis is a strategic planning technique used for identifying and analyzing internal strengths and weaknesses in an organization includes the Strength, Weakness, Opportunities and Threat.

  • Professional staffing agency isused by organization to recruit qualified workers into the organization.

  • But, employees’ with high levels of knowledge can also perform the purpose for business client, so, this situation forms part of the Strength factor for such organization.

In conclusion, an example of the find-a-hand’s forms the Strength in the SWOT analysis of the company.

Learn more about SWOT Analysis here

<em>brainly.com/question/18068310</em>

4 0
2 years ago
What do you think Madison needs to include in the fire prevention training plan?
andrezito [222]
"Fire size", "Atmosphere in the vicinity of the fire", "Fire fighter's evacuation path" are the correct answers.
5 0
2 years ago
A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year: (3 points)
Lostsunrise [7]

Answer:

Particulars                                   Amount

Provision for uncollectible         $6,080 ($76000*8%)

Less: Provision already made   <u>$1,000</u>

Provision to be made                <u>$5,080</u>

Date       Particulars                                                      Debit     Credit

31-Dec    Bad Debts                                                    $5,080

                    To Allowance for Doubtful Accounts                    $5,080

               (Being the adjusting entry to estimate bad debts)

4 0
3 years ago
whiche one of the following are not elements of an insurable risk a) determinable probability distribution b) calculate chance o
ankoles [38]

Answer:

okay

Explanation:

okayndhdjsoakcgheioazncndjjaak

5 0
3 years ago
Read 2 more answers
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