Answer: $12,170
Explanation :
The company will pay $50,000 to office Employees and insures them at a rate of $0.42 per $100.
The estimated Premium for office Workers;
= 50,000 * 0.42/ 100
= $210
The company will pay $260,000 to Factory Employees and insures them at a rate of $4.60 per $100.
The estimated Premium for Factory Workers;
= 260,000 * 4.60/100
= $11,960
Total Estimated Premium;
= 11,960 + 210
= $12,170
Answer:
The answer is $36,000
Explanation:
First we need to determine the rate to be used.
To determine the rate:
100percent/8 years
12.5%
Double rate is 12.5% x 2
=25%. This is the rate to be used.
Cost of the truck is $48,000
First year depreciation is:
25% x $48,000
So first year depreciation is $12,000
Book value of the truck at the end of year 1 is $48,000 - $12,000
=$36,000
Answer: $2240
Explanation:
The money supply simply refers to the total volume of money that is held by the public at a certain point in time. The value of M1 in this country will be calculated thus:
= Federal Reserve Notes in circulation + Coins in circulation + Checkable deposit
= $700 + $40 + $1500
= $2240
Therefore, M1 is $2240
Answer:
You must donate $50,000.
Explanation:
Giving the following information:
You want to endow a scholarship that will pay $5,000 per year forever.
The school's endowment discount rate is 10 %
We need to find the present value of a perpetual annuity. We will use the following formula:
PV= Cf/ i
Cf= cash flow= 5,000
PV= 5,000/0.10= $50,000
You must donate $50,000.
Can you imagine yourself doing this for the rest of your life? Is this what I’m truly passionate about? Will I be able to life off this income?