Answer:
$13,241
Explanation:
From the data we were given in the question:
future value = fv = $1,500,000
time = t = 30 year
rate = r = 8%
We are required to find out How much does he need to invest to achieve his goal
solution
future value = principal ( 1+ rate)^(t-1) / rate
1500000 = principal (1 + .08)^(30-1)/ 0.08
we make principal, p, subject of the formula.
principal = 1500000 / ( (1 + .08)^(30-1)/ 0.08 )
Principal = 1,500,000 / 113.2832
principal = 13241.15
so Dan needs to invest $13241
An agency that offers accreditation for health-oriented websites is URAC.
UARC promotes a continuous development in the quality and efficiency of healthcare management through the process of accreditation, education, and measurement. It is a non-profit organization that under the name of Utilization
Review Accreditation Commision in 1990.
Answer:
C. (return on total assets) times (financial leverage multiplier)
Explanation:
The formula of return on equity using the DuPont system is presented below:
ROE = Profit margin × Total assets turnover × Equity multiplier
where,
Profit margin × Total asset turnover = Return on asset
The equity multiplier is
= Total assets ÷ shareholder equity
The total asset turnover equal to
= Sales ÷ Total assets
And, The profit margin equal to
= (Operating income ÷ sales) × 100
Answer:
That the car wash was not liable to the plaintiff because the car wash employees had no notice they were taking responsibility for so much jewelry.
Explanation:
The case of Ziva Jewelry Inc., v. Car Wash Headquarters Inc involved a salesperson Stewart who locked jewellery in his car and took it to the car wash.
He did not disclose that there was expensive jewelry in the car.
The attendant finished washing the car and signalled to Stewart that his car was ready and walked away from the car.
Before Stewart could pay the bill someone had taken the car. Although the police recovered the car the jewellery was stolen.
Zeva Jewellry filed a motion against the car wash that they did not excercise due care in returning the vehicle.
In this instance the car wash was not liable because Stewart did not disclose there was expensive jewelry in the car.
Also the attendant had finished with his car and informed him of this. So it was out of their care when the car theft occured
Answer:
C. discouraging businesses from borrowing money from banks.
Explanation:
The discount rate is the interest rate imposed on commercial banks when they borrow from the Federal Reserve ( the Fed). The banks borrow from the Fed to meet their short-term cash flow requirements. The discount rate is usually higher than the inter-banks rate (the Fed funds rate). An increase in the discount rate automatically pushes the inter-bank rate higher.
The interest rate that commercial banks charge their customer for loans is pegged on the Fed funds rate, which is also the inter-bank rate. An increase in the discount rate will translate to a rise in the bank's interest rates for loans. Businesses and household will reduce their appetite for credit when interest rates go up. A high discount rate is a deterrent to borrowing from the banks.
