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ICE Princess25 [194]
3 years ago
10

Henry Quincy wants to withdraw $30,000 each year for 10 years from a fund that earns 8% interest. How much must he invest today

if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately?
Business
1 answer:
iris [78.8K]3 years ago
4 0

Answer:

Amount invested today when first withdrawal end year  $201302

Amount invested today when first withdrawal immediately $217407

Explanation:

given data

Annuity = $30,000

Rate r = 8% = 0.08

time Period NPER = 10 years

solution

we get here first present value of ordinary annuity that is

Annuity(PV, NPER, r)

= $30,000 (PV,10,8%)

= 6.71008

Present value = $30,000 ×  6.71008

Present value = $201302.44

and

when he invest today if the first withdrawal takes place immediately is

Present value = $30,000 × 6.71008 × 1.08

Present value = $217406.64

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There are many reasons why entrepreneurs start businesses. Mike Boyle likely started MBSC because _____.
Andrei [34K]

Answer:

Answer is B :) when you fill in the blank you can understand what I did

Explanation:

8 0
3 years ago
Read 2 more answers
Under the behaviorally anchored rating scales (BARS) system, critical incidents are short descriptions of ______ employee perfor
rusak2 [61]

Answer:

effective and ineffective behaviors used to create a measure for evaluating

Explanation:

The Behaviorally anchored rating scales (BARS) refer to a scale in which the performance are rated based on good, moderate and poor performance. It analyzed the employee performance throughout the year due to which the appraisal could be done. It is a mix of critical events, narratives gains, ratings i.e quantified

Therefore the given situation represents the effective and ineffective behavior for developing an evaluation

8 0
4 years ago
John, Jay, and Jeff each have an ownership interest in Three Guys Burgers, Inc. Based on the following information, which of the
eimsori [14]

Answer and Explanation:

Material participation in the business is when involvement in the business activity exceeds 500 hours during the year. Furthermore, if the activity is a significant activity of participation and the number of aggregate hours worked in all such activities exceeds 500 hours per year, of that kind participation is also construed as material participation.

Therefore, the participation of John and Jeff would be considered as material.

4 0
4 years ago
Sally's Chocolate Company makes gourmet cupcakes which are sold by the dozen. Compute the standard cost for one dozen cupcakes,
Andrej [43]

Answer:

The correct answer is $15.69.

Explanation:

According to the scenario, computation of the given data as follow:-

We can calculate the cupcake sold by the dozen by using following formula:-

Cost for a dozen cupcake = Direct material  + Direct labor + Factory OH

Where,

Direct material = 4.25 × $0.56 = $2.38

Direct labor = 1.10 × $8.30 = $9.13

Factory overhead = 1.10 × $3.80 = $4.18

By putting the value in the formula, we get

= $2.38 + $9.13 + $4.18

= $15.69

6 0
3 years ago
Naples, Inc. recorded operating data for its shoe division for the year. Sales $750,000 Contribution margin 135,000 Total fixed
Sergeu [11.5K]

Answer:

25%

Explanation:

New contribution margin = Old contribution margin + Increase

                                          = 135,000 + 30,000

                                          = 165,000

Net Income = Contribution margin - Total fixed expense

                    = $165,000 - $90,000

                    = $75,000

ROI = Net income ÷ Average operating assets

       = 75,000 ÷ 300,000

       = 25%

4 0
4 years ago
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