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xxMikexx [17]
3 years ago
8

Stacey and her husband David have a joint savings account that earns 3.5% interest payable continuously and has a current balanc

e of $58,458. Each year, David wishes to withdraw $4,000 payable continuously at a level rate. Stacey wishes to deposit X at the beginning of each year (for thirty years) so that the account will last for thirty years. What is the least X that will work?

Business
1 answer:
FrozenT [24]3 years ago
5 0

Answer:

$837.82

Explanation:

Check attached file

You might be interested in
Five consumers have the following marginal utilities of apples and pears: Consumer Marginal Utility of Apples Marginal Utility o
Leokris [45]

Answer:

Options C and E

Only Nick and Jake are optimising over his choice of fruit?

Explanation:

The marginal utility obtained from the purchase of a product is the amount of satisfaction derived from purchasing an additional unit of the product.

The utility is maximised when the satisfaction in terms of marginal utilities obtained from each product is equal to each other.

We obtain this simply by dividing the marginal utilities for each fruit by their price, and comparing them.

Dmitiri:

Apples: 8/1 =8

Pears: 10/2 =5

8/1 is not equals to 10/2

Frances:

Apples: 7/1 =7

Pears: 16/2 =8

7 is not equals to 8

Jake:

Apples: 6/1 =6

Pears: 12/2 =6

The marginal utility is equal hence Jake's choice is optimal

Latasha:

Apples: 5/1 =9

Pears: 9/2 =4.5

9 is not equals to 4.5

Nick:

Apples: 4/1 =4

Pears: 8/2 =4

The marginal utility is equal hence Nick's choice is optimal

5 0
3 years ago
The ____ is the amount earned on an investment for a given period of time.
hichkok12 [17]

Answer:

Investment income.

Explanation:

Investment income is income that comes from interest payments, dividends, capital gains collected upon the sale of a security or other assets, and any other profit made through an investment vehicle. Generally, individuals earn most of their total net income each year through regular employment income.

hope this helped broski =))

3 0
3 years ago
Maya opened a bakery in a seaside resort town. She was positive she had the perfect location as plenty of hotels and inns were w
Ksivusya [100]

Answer:

B) underestimated the competition.

Explanation:

Maya is trying to pursue a dream of having her own bakery in a vibrant seaside resort town and thought that by using her grandmother's recipes, her business would be a success. But in order for a business to be successful, it takes more than just a great product (or great cookies, muffins, etc.).

The first thing you need to do is analyze the external environment and what other products are offered by your competition. That way you will be able to determine the opportunities or threats to you new venture. E.g. since the town hosts several upscale and expensive resorts, the clients are wealthy and that market attracts good chefs. I'm not sure if they hand out Michelin stars to bakeries, but if you have very good products offered by your competition, then you must work twice as hard.

8 0
3 years ago
What is The key to successful training and development programs?
yawa3891 [41]

Begin by conducting a needs assessment. Be able to tie the need for training to the organization's goal. Provide effective communications to ensure employees understand the value of taking time to attend the program.

Hope this helps! :)

6 0
3 years ago
Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands): Sales re
Ugo [173]

Answer:

<h2>           Rembrandt Paint Company</h2><h2>Income Statement - December 31, 2021</h2>

Sales revenues                                                        $24,000,000

- Cost of goods sold                                              <u> ($13,500,000)</u>

Gross margin                                                           $10,500,000

Operating expenses:

- Selling and adm. expenses             ($420,000)

- Restructuring costs                        ($1,400,000)

Total operating expenses                                        <u>($1,820,000)</u>

Income from operations                                          $8,620,000

Other revenue and expenses:

Gain on sales of assets                   $3,200,000  

Interest revenue                                 $220,000

Loss from discontinued oper.       ($2,200,000)

Interest expense                               ($420,000)

Total other revenue and expenses                             <u>$800,000</u>

Net income pre-tax                                                   $9,420,000

Income taxes (25%)                                                  <u>($2,355,000)</u>

Net income after taxes                                             $7,065,000

Shares outstanding                                                        600,000

Earnings per share (EPS)                                                    $11.78

   

3 0
3 years ago
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