Answer:
a-1) Pv = 52549
a-2) Pv = 56822
b-1) Fv = 77570
b-2 Fv = 83878
Explanation:
b-1) Future value:
S= Sum of amount of annuity=?
n=number of fixed periods=5 years
R=Fixed regular payments=13200
i=Compound interest rate= .081 (suppose annualy)
we know that ordinary annuity:
S= R [(1+i)∧n-1)]/i
= 13200[(1+.081)∧5-1]/.081
=13200(1.476-1)/.081
= 13200 * 5.8765
S = 77570
a.1)Present value of ordinary annuity:
Formula: Present value = C* [(1-(1+i)∧-n)]/i
=13200 * [(1-(1+.081)∧-5]/.081
=13200 * (1-.6774)/.081
=13200 * (.3225/.081)
=52549
a.2)Present value of ordinary Due:
Formula : Present value = C * [(1-(1+i)∧-n)]/i * (1+i)
= 13200 * [(1- (1+.081)∧-5)/.081 * (1+.081)
= 13200 * 3.9822 * 1.081
= 56822
b-2) Future value=?
we know that: S= R [(1+i)∧n+1)-1]/i ] -R
= 13200[ [ (1+.081)∧ 5+1 ]-1/.081] - 13200
= 13200 (.5957/.081) -13200
= (13200 * 7.3544)-13200
= 97078 - 13200
= 83878
Answer:
20,000
Explanation:
Henry has already received the $10,000 from HJ, It would be considered as a partial withdrawal of his share of profit. His total income should be 20,000 (40,000 x 50%) so the remaining 10,000 of his share of profit may be received by him later on a future date
Henry must report on his Form 1040 from HJ for the tax year = 40,000 x 50%
Henry must report on his Form 1040 from HJ for the tax year = 20,000
Answer: C- Alzania's neighbor exported half its production of cotton that year
Explanation: Alzania produces and consumes 500,000 tons of cotton during a year. While, the neighbor which also employs the same number of people in the cotton industry, consumed 400,000 tons of cotton. There is no information on production of the neighbor. Just by looking at the consumption units we can argue that Alzania has an absolute advantage over the neighbor as it consumes more. However, if there is any information on the amount of exports of cotton from the neighbor then it will weaken the absolute advantage conclusion.
Thus, if <em>Alzania's neighbor exported half its production of cotton that year </em>the total production of cotton is greater of the neighbor than Alzania.
Lauren made an error in step 3 because she should have subtracted expenses from income.
Net income = (Total of all sources of income)- (Total of all bills and expenses)
You must subtract expenses because they are things you are <u>paying for.</u>
<span>In california there are 4 forms of financial responsibility.</span>
