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mihalych1998 [28]
4 years ago
12

Samuel's Dad is looking to deposit a sum of money immediately into an account that pays an annual interest rate of 9.00% so that

his first-year college tuition costs are provided for. Currently, the average college tuition cost is $12,000 and is expected to increase by 3.00% per year (the average inflation rate). Samuel just turned 3 and is expected to start college when he turns 18. How much money will Samuel's Dad have to deposit into the account
Business
1 answer:
Dmitry_Shevchenko [17]4 years ago
5 0

Answer: $5,132.66

Explanation:

If the current tuition costs are $12,000 but increasing at a rate of 3% every year, the cost of tuition in first year when Samuel will be 18 is;

= 12,000 * ( 1 + r) ^ n

= 12,000 * (1 + 3%) ^ (18 - 3)

= $18,695.61

Assuming that the account will pay 9% per year on an investment now, Samuels's Dad will have to pay the present value of the tuition fee discounted at 9%.

= 18,695.61 / ( 1 + 9%) ^ 15

= $5,132.66

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thomas jefferson's decision to initiate the louisiana purchase in 1803 was an early example of the exercising of presidential po
Naya [18.7K]

Thomas Jefferson's decision to initiate the Louisiana Purchase in 1803 was an early example of the exercising of an inherent type of presidential power.

Inherent powers are the powers held by a sovereign state that is a nation or a state free from interference in it's political, financial and other aspects from foreign elements. In the United States of America, the President derives these powers from the words "the executive powers shall be vested in the President".

Hence, the President has the supreme power to determine how vehemently a law can be enforced, whether it is maximizing or minimizing it's results, it rests completely with the President.

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7 0
1 year ago
what is the purpose of this media message? to inform people that they have the opportunity to support a cause to inform people t
Korolek [52]

The purpose of this media message is to inform people that they have the opportunity to save money. Thus, option B is correct.

What is the media?

Media refers to any route of transmission. This can range from written paper to electronic material, and it provides data in a broad range of forms, including art, journalism, and instructional materials.

A media message is a form of communication that eventually contributes to a viewer, including a television program, website, news article, advertising, or status update through which the information can be conveyed.

As there needs to be a message that needs to be sent to the people, that means that the message can be conveyed that the people need to save money as well as the methods can also be said or be specified in the same with the help of any medium that can be possible. Therefore, option B is the correct option.

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3 0
2 years ago
How would the issuance of common stock for cash affect the accounting​ equation?
shepuryov [24]

Answer:

Explanation:

The journal entry to record the given transaction is shown below:

Cash A/c Dr XXXXX

    To Common stock A/c XXXXX

(Being the issuance of the common stock is recorded)

The accounting equation is

Total Assets = Total liabilities + Stockholder equity

Cash Increased = No effect    + Increased

Therefore, the cash account and the common stock is increased.

3 0
3 years ago
Waterway Industries started the year with total assets of $314000 and total liabilities of $254000. During the year the business
Yuri [45]

Answer:

the  net income reported by Waterway Industries for the year was $299,000

Explanation:

The computation of the net income reported is as follows:

As we know that

Net income = Revenue - expenses

= $626,000 - $327,000

= $299,000

hence, the  net income reported by Waterway Industries for the year was $299,000

The same should be considered

3 0
3 years ago
You anticipate your firm will need 20,000 bushels of oats in December so you hedged your position today at the closing price whe
guapka [62]

Answer:

The answer is "2,040".

Explanation:

Since in the event the company needs the oats, it should take a long position today to hedge them. As indicated throughout the question, the price of the halftime show was set, and the present settling price of 218.50 cents was $2,1850. Moreover, the industry wants 20,000 boxes with oats and the next claim is 5,000, and that is why 4 agreements (20000/5 000) occupy a longer time. So the actual market price of $228.70, i.e. $22870, is 228.70 so hedging would have the corresponding profit/loss:

Gain/Loss = \text{(Market price on the date of settlement - Futures price at the date of booking)} \times Quantity\  hedged

= (2.2870- 2.1850)\times 20000  \\\\          = 0.102 \times 20000     \\\\       = 2040

8 0
3 years ago
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