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pychu [463]
4 years ago
14

Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. You nee

d money today to start a new business, and your uncle offers to give you $128,000 for the annuity. If you sell it, what rate of return would your uncle earn on his investment?
Business
1 answer:
Step2247 [10]4 years ago
7 0

Answer:

6.91%

Explanation:

You might be interested in
Everything else held​ constant, an increase in currency holdings will cause A. the money supply to rise. B. checkable deposits t
liraira [26]

Answer:

C. the money supply to fall.

Explanation:

According to my research on economics, I can say that based on the information provided within the question an increase in currency holdings will cause the money supply to fall. This is because if people begin to hold this causes the cash flow to decrease and money supply decreases because of the low cash flow.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Muffin’s Masonry, Inc.’s, balance sheet lists net fixed assets as $18.00 million. The fixed assets could currently be sold for $
jeyben [28]

Answer:

                                     Book Value                          Market Value

Current Assets              $14 m                                        $14.95 m

Fixed Assets                  $18 m                                        $27 m

Total                               $32 m                                        $41.95 m

Explanation:

For book Value:

Net fixed assets=$18.00 million

Current Liabilities=$7.50 million

net working capital=$6.50 million

Formula:

Net working capital=Current assets-Current Liabilities

$6.50 million=Current assets-$7.50 million

Current Assets=$6.50+$7.50

Current Assets=$14 million

Total Assets=Net fixed assets+Current Assets

Total Assets=$18 m+$14 m

Total Assets=$32 m

For Market Value:

Net fixed assets=$27.00 million

Current Liabilities=$7.50 million

net working capital=$7.45 million

Formula:

Net working capital=Current assets-Current Liabilities

$7.45 million=Current assets-$7.50 million

Current Assets=$7.45+$7.50

Current Assets=$14.95 million

Total Assets=Net fixed assets+Current Assets

Total Assets=$27 m+$14.95 m

Total Assets=$41.95 m

                                     Book Value                          Market Value

Current Assets              $14 m                                        $14.95 m

Fixed Assets                  $18 m                                        $27 m

Total                               $32 m                                        $41.95 m

8 0
4 years ago
At the beginning of November, Watson Industries has a cash balance of $3,461,000. They have expected cash receipts of $712,000 a
Ahat [919]

Answer:

$224,000

Explanation:

The computation of the borrowed cash amount is shown below:

= Cash balance + expected cash receipts - expected cash disbursements - minimum monthly balance

= $3,461,000 + $712,000 - $1,397,000 - $3,000,000

= $224,000

Simply we add the expected cash receipts and less the expected cash disbursements and minimum monthly balance to the cash balance so that accurate value can come.

4 0
3 years ago
se the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $31,226 Accoun
Alex777 [14]

Based on the information given the amount of quick assets is $128,694.

Using this formula

Quick assets = Cash + Marketable securities  + Accounts receivable

Where:

Cash=$16,106

Marketable securities=$37,992

Accounts receivable=$74,596

Let plug in the formula

Quick assets =$16,106  + $37,992+ $74,596

Quick assets  = $128,694

Inconclusion the amount of quick assets is $128,694.

Learn more about quick assets here:brainly.com/question/11209470

8 0
3 years ago
Indicate the effect of each transaction during the month of October 2016 and the balances for the accounting equation after all
Nikolay [14]

Answer:

Test answer

Explanation:

Please delete that answer

5 0
4 years ago
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