Answer:
$64,932
Explanation:
Calculate the accumulated sum after 30 years by using below formula:
S = R[(1+i)^n - 1]/i
Where
S = the accumulated sum
R = the yearly deposit
i = the decimal interest rate per year
n = the total count of deposits
This results in a sum accumulation of $723,796.
Now calculate annual payout for a 25-year old annuity by using below formula:
R = Pi/[1 - (1+i)^(-n)]
This gives the PMT of $64,932.
Answer: (B) An assignment
Explanation:
According to the question, Kendra is transferring her legal right for the payment to the county bank under contract and this transfer is known as an assignment.
An assignment is basically known as the legal document and it contain all the transaction record information from one entity to the other entity. Assignment is one of the legal term that are used in the law of the contract and the property.
Therefore, Option (B) is correct.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The company plans to sell 3,500 pairs of shoes at $60 each in the coming year. The unit variable cost is $21.
1) We need to use the following formula:
variable cost ratio= Variable cost/ selling price
variable cost ratio= 21/60= 0.35
2) We need to use the following formula:
Contribution margin ratio= (selling price - unitary variable cost) / selling price
Contribution margin ratio= (60 - 21) / 60= 0.65
Answer:
a. Project A
Explanation:
The computation of the expected return is shown below:
For Project A
= (0.6 × $200,000 + 0.4 × $50,000)
= $120,000 + $20,000
= $140,000
For Project B
= (0.7 × $150,000 + 0.3 × $30,000)
= ($105,000 + $9,000)
= $114,000
Since in the Project A, the value doubles means = $100,000 × 2
And, if the succeeding percentage is 0.6 then its failing percentage is 0.4
So as we that the project A has an high expected return than the Project B so the Project A should be invested
