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3 years ago

Bill received an unordered calendar from the local charity so he must pay money to the charity.

Business

1 answer:

torisob [31]3 years ago

8 0

Answer:

false, they sent the calendar hoping he would make a donation, but he does not have to give any money

Explanation:

they sent the calendar hoping he would make a donation, but he does not have to give any money

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You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit

Firdavs [7]

Answer:

1. $486,134.86

2. $525,593.86

3. $602,492.04

Explanation:

You need to use the formula to calculate the future value of a constant annual deposit:

$Future\text{ }value=Deposit\times \bigg[\dfrac{(1+r)^n-1}{r}\bigg]$

Where r is the expected percent return, and n the number of years.

1. For a deposit of $30,800 at the end of each year for the next 11 years, with 7% interest.

You will have saved:

$Future\text{ }value=\$ 30,800\times \bigg[\dfrac{(1+0.07)^{11}-1}{0.07}\bigg]$

$Future\text{ }value=\$ 30,800\times 15.7835993=\$486,134.86$

2. For a deposit of $33,300 each year, for the same number of years and with the same interest rate.

You will have saved:

$Future\text{ }value=\$ 33,300\times \bigg[\dfrac{(1+0.07)^{11}-1}{0.07}\bigg]$

$Future\text{ }value=\$ 33,300\times 15.7835993=\$525,593.86$

3. For a deposit of $30,800 each year, but with 11 percent interest, for 11 years.

$Future\text{ }value=\$ 30,800\times \bigg[\dfrac{(1+0.11)^{11}-1}{0.11}\bigg]$

$Future\text{ }value=\$ 30,800\times 19.56143=\$602,492.04$

3 0

2 years ago

When Walmart communicates to consumers that, for any given group of often-purchased items, its prices will tend to be lower than

miskamm [114]

Answer:

EDLP is the correct answer.

Explanation:

6 0

3 years ago

Net income $160,000 Preferred dividends $10,000 Shares of common stock outstanding 20,000 Market price per share of common stock

Luden [163]

Answer:

The company's earnings per share on common stock is $7.50

Explanation:

Given data

Net income N = $160,000

Preferred dividends D = $10,000

common stock outstanding C = 20,000

Market price P = $35 / share

to find out

earnings per share on common stock is

solution

we will find earning per share that is given by

Earnings per share = (net income - preferred dividend ) / common stock outstanding

so now put all these value in this equation we get

Earnings per share = ( 160,000 - 10,000 ) / 20,000

Earnings per share = ( 150,000 ) / 20,000

Earnings per share = 7.5

so The company's earnings per share on common stock is $7.50

4 0

3 years ago

______________ refers to employers that take reasonable action to accommodate a disabled individual such as providing special co

tresset_1 [31]

The answer is the ADA or also known as the Americans with Disabilities Act of 1990, where in their main focus is the people who are disabled in means of having them to be provided with benefits in order to accommodate their physical limitation as a way of helping them.

5 0

3 years ago

MNM & Co incurred depreciation expenses of $36,810 last year. The sales were $903,480 and the addition to retained earnings

sergiy2304 [10]

Answer:

The costs incurred by the company is the same as the costs of good sold of the company-MNM&Co ,last year.

The costs of good sold=$830,556.01

Explanation:

The detailed computation is found in the excel file attached.

Download xlsx

3 0

3 years ago