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2 years ago

Complete the right half of the following equation to reflect the labor force participation rate reported by the BLS.

Business

1 answer:

geniusboy [140]2 years ago

3 0

Answer:

B. 60%

Explanation:

Labor force participation rate = Number in labor force/Adult population*100

=3/5*100 = 60%

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Congratulations, you are a millionaire. No, the Delaware Lottery office did not call. However, an officer from Bank of America h

nevsk [136]

Part A

Answer:

$207,021

Explanation:

The balance on the account at the end of the year 2020 is $1,000,000

The question asks us to calculate the balance on the account at the end of the year 1970, which is exactly 50 years ago.

We would simply discount the $1,000,000 by using an interest rate of 3.2%

$PV_{1970}$ = $\frac{1000000}{(1 + 0.032)^{50} }$ = $207,021

Part B

Answer:

$17,892.88

Explanation:

We have the value at year 1970 which is $207,021

Now to calculate the annual payment (PMT) we would plug the following values in the financial calculator,

PV = 0

N = 10

FV =207021

I/Y = 3.2

PMT = ?

PMT = $17,892.88

https://www.calculator.net/finance-calculator.html?ctype=contributeamount&ctargetamountv=207021&cyearsv=10&cstartingprinciplev=0&cinterestratev=3.2&ccontributeamountv=1000&ciadditionat1=end&printit=0&x=102&y=11

4 0

3 years ago

nuary 1, Campanella Inc. issued $4,000,000, 8% bonds for $3,756,000. The market rate of interest for these bonds is 10%. Interes

olasank [31]

Answer:

$188,400

Explanation:

Data provided in the question:

Value Bonds issued = $4,000,000

Amount for which bonds issued = $3,756,000

Thus,

Bond discount at the time of issue = $4,000,000 - $3,756,000

= $244,000

Interest = 8%

Interest payable = Value Bonds issued × Interest

= $4,000,000 × 8%

= $320,000

Market rate of interest = 10%

Therefore,

Interest expense = $3,756,000 × 10%

= $375,600

Thus,

Discount amortized = Interest expense - Interest payable

= $375,600 - $320,000

= $55,600

Therefore,

At the end of the first year, Campanella should report unamortized bond discount

= Bond discount at the time of issue - Discount amortized

= $244,000 - $55,600

= $188,400

3 0

3 years ago

Who first discovered America?

erma4kov [3.2K]

Answer:Christopher Columbus is credited with discovering the Americas in 1492.

Explanation:

Five hundred years before Columbus, a daring band of Vikings led by Leif Eriksson set foot in North America and established a settlement. And long before that, some scholars say, the Americas seem to have been visited by seafaring travelers from China, and possibly by visitors from Africa and even Ice Age Europ

6 0

2 years ago

Read 2 more answers

When shopping for their brother, jack and james are presented with a red shirt by the sales person. while jack likes the shirt,

Gnesinka [82]

“Preference” is the answer.

Jack and James disagreed about the shirt because of the differences in their preference. People have their own inclination towards objects and this could be a result of their personal taste or past experiences. In this case, it could be that Jack liked the shirt’s fabric or color but James didn’t, that’s why they disagreed.

6 0

3 years ago

Read 2 more answers

Kier Company issued $660,000 in bonds on January 1, Year 1. The bonds were issued at face value and carried a 5-year term to mat

yuradex [85]

Answer:

Interest Expense $39,600

Cash Flow from Operating Activities $39,600

Explanation:

Payment of Interest Expense is the cash expense paid during the year which is deducted from the operating profit in the calculation of net income which is used to determine the cash flow from operating activities.

Interest on the Bond = $660,000 x 6% = $39,600

At the time of payment Journal Entry will be as follow

Dr. Interest Expense $39,600

Cr. Cash $39,600

As the cash is paid against the operating activities.

3 0

3 years ago