HELP me please

Suppose you are committed to owning a $185,000 ferrari. if you believe your mutual fund can achieve an annual return of 10.5 per

Tresset [83]

Answer: I must invest <u>$68,163.04</u> today to buy a Ferrari 10 years from now.

We can interpret the data in the question as follows.

We need $185000 after 10 years, so this is the Future Value of an investment made today. We have to calculate the amount to be invested.

We need to use the Present Value formula in order to find the amount to be invested.

The formula is :

$\mathbf{PV = \frac{FV}{(1+r)^{n}}}$

Substituting the values we get,

$\mathbf{PV = \frac{185000}{(1+0.105)^{10}}}$

$\mathbf{PV = \frac{185000}{2.714080847}}$

$\mathbf{PV = 68163.03952}$

5 0

3 years ago

Benjamin and Amelia Hopkins have been married since 2016.

Neporo4naja [7]

Answer:

1. c. Both a and b

2. a. Yes, because Benjamin has a Social Security number.

Explanation:

According to tax laws, you can claim a child tax credit for an American dependant below the age of 17 which qualifies Harper for it. Evelyn however qualifies for a Credit for other dependents as she is a resident alien and has an Individual Taxpayer Identification Number (ITIN).

Because Benjamin has a Social Security Number, the Hopkins are indeed eligible to claim an earned income credit. Married couples filling jointly can claim the credit if either of them are U.S. citizens with a valid Social Security number.

3 0

3 years ago

A jewelry store has 107.25 ounces of 14-carat gold in stock

horsena [70]

Answer:Superior Exchange in New Haven is a High Paying Buyer and Pawnbroker specialist who are among the top Jewelry Buyers, Precious Metal Buyers, Electronics Buyers, Gold Buyers, Art Buyers and Antique Buyers in Connecticut. Aside from buying, selling and Pawning on anything of value. We strive to be a pawnbroker specialists you can trust, where instant payment is always available with as many Pawns as possible.

Explanation:

5 0

3 years ago

Tyler Smithson owns Joe on the Run, a small chain of three cof- fee shops, all of which are facing a challenge that is common to

prohojiy [21]

Answer:

A) To improve capacity the constraint that must be addressed is the preparation and dispatch constraint which is similar to all three shops.to address this a central preparation / dispatch center that serves all three shops the needed products should be created independently, with the primary purpose of mass preparation/dispatch to the coffee shops and not attending to customers which hampers the production of the three shops.

B ) To improve efficiency: packaging should be made ready at the drive thru station so that customer who drive in can quickly pick up the package without having to queue up for long. also consider preparing some orders on the menu that attracts the most customers ahead of time this way the queue would be reduced.

C ) At store level to improve performance proper stock taking should be essential to ensure there is enough products on the menu to serve to the customers

Explanation:

A) To improve capacity the constraint that must be addressed is the preparation and dispatch constraint which is similar to all three shops.to address this a central preparation / dispatch center that serves all three shops the needed products should be created independently, with the primary purpose of mass preparation/dispatch to the coffee shops and not attending to customers which hampers the production of the three shops.

B ) To improve efficiency: packaging should be made ready at the drive thru station so that customer who drive in can quickly pick up the package without having to queue up for long. also consider preparing some orders on the menu that attracts the most customers ahead of time this way the queue would be reduced.

C ) At store level to improve performance proper stock taking should be essential to ensure there is enough products on the menu to serve to the customers

7 0

3 years ago

In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. T

Juli2301 [7.4K]

Answer:

Explanation:

2021 2022 2023

Bills during the year 2,180,000 2,644,000 5,176,000

Cost incurred in the year 2,016,000 2,808,000 2,613,600

Cumulative cost to date 2,016,000 4,824,000 7,437,000

Estimated cost to complete 5,184,000 2,376,000 0

Estimated total cost 7,200,000 7,200,000 7,437,000

percentage completion

2,016,000/7,200,000*100 =28%

4,824,000/7,200,000*100 = 67%

7,437,000/7,437,000 *100=100%

Percentage Completion 28 67 100

Contract price 10,000,000

Less cumulative cost (7,437,000)

Gross profit 2,563,000

Contract value 2021 10,000,000* 28 % =2,800,000

2022 10,000,000* 67% = 6,700,000

2023 10,000,000*1005 = 10,000,000

Contract value 2,800,000 6,700,000 10,000,000

less revenue recognized 2,800,000 6,700,000

2,800,000 3,900,00 3,300,000

less cost incurred in the year 2,016,000 2,808,000 2,613,000

Profit recognized 784,000 1,092,000 687,000

8 0

3 years ago