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Stolb23 [73]
3 years ago
5

The Golden Gate bridge is maintained by 17 ironworkers, who replace corroding steel and rivets, and 38 painters. If the painters

have an average wage of $120,000 per year with benefits and the ironworkers get $150,000, what is the capitalized cost today of all the future wages for bridge maintenance at an interest rate of 8% per year?
Business
1 answer:
Papessa [141]3 years ago
7 0

Answer:

Explanation:

Painter's wage is 120,000

There are 38 painters: 120,000*38 = 4,560,000

Ironworker's wage is 150,000

There are 17 ironworkers: 150,000*17 = 2,550,000

4,560,000+2,550,000 = 7,110,000

So total cost on maintenance of bridge if we discount at 8%=

= 7,110,000/0.08 = 88,875,000

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3 years ago
The primary responsibility for fair and accurate financial reporting rests with the:
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Answer:

The correct answer is (D)

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3 years ago
phyllis, who is single, has itemized deductions totaling $20,000. she overpaid her 2018 state income tax and is entitled to a re
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It is true that if an overpayment resulted in a tax benefit, it makes no difference whether it is reimbursed or used to reduce the 2019 state federal income tax due.

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Individual federal income tax rates in the US are progressive, which means that they rise in proportion to taxable income. Federal income tax rates range from 10% to 37%, and they become effective at a certain level of income. Tax brackets are the ranges of income that the rates apply to. Income that is subject to each bracket is taxed at that rate.

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3 0
1 year ago
A company has a retention rate of 50%, sales of $25,000, beginning equity of $50,000 and profit margins of 10%, an asset turnove
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Answer:

Sustainable Growth Rate: 2.5%

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Logic behind above is that whatever portion of net profit is retained by the Company, is used in the Company's operations, which earns certain percentage of equity known as return on equity. By multiplying both return on equity with retention ratio, we assume that the practice will continue for foreseeable future and the Company will continue to grow at the calculated growth rate.

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