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dem82 [27]
3 years ago
12

Racing Motors wants to save $825,000 to buy some new equipment three years from now. The plan is to set aside an equal amount of

money on the first day of each quarter starting today. How much does the company need to save each quarter to achieve its goal if it can earn 4.45 percent on its savings? Multiple Choice $64,644.17 $63,932.91 $62,969.70 $63,192.05 $62,925.00
Business
1 answer:
victus00 [196]3 years ago
6 0

Answer:

$63,932.91

Explanation:

FV = $825,000

Number of payments = 4 quarters * 3 years = 12

Rate = 4.45%, assuming per annual

The amount company need to save each quarter is the payment amount.

We can easily calculate payment amount by formula in excel =PMT(4.45%/4,12,,825000,1) = 63,932.91

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Why is it important for a charity to have a mission statement? (Any kind of answer will do :) )
Arlecino [84]
It defines the purpose. It serves as a guideline for decision-making. It could also attract support and donations.
5 0
4 years ago
Melody Manufacturing is currently producing 1,000 component parts by incurring costs of $68,000 for direct materials, $30,000 fo
STatiana [176]

Answer:

$124,000

Explanation:

The maximum amount that Melody should pay to acquire 1,000 components is the total of all relevant costs directly attributable to manufacture the components. Such as;

Direct materials $68,000

Direct labor 30,000

Variable overhead 18,000

Fixed overhead 8,000

($20,000-$12,000) _______

$124,000

3 0
3 years ago
When the interest rate on a bond is​ ________ the equilibrium interest​ rate, in the bond market there is excess​ ________ and t
Talja [164]

Answer:

The correct answer here is A) above, demand , fall.

Explanation:

Whenever the interest rate on bond is more or above the equilibrium's rate of interest , then this means there is excess demand for the bond in the market and since this excess demand for bond will lead to decrease in the interest rate of the bond, while if the situation was opposite ( excess supply in market ) the interest rate would have risen.

8 0
3 years ago
What is the net present value of a project that has an initial cash outflow of $34,900 and the following cash inflows? The requi
Eddi Din [679]

Answer:

NPV = $-3,383.25

Explanation:

The NPV is the difference between the PV of cash inflows and the PV of cash outflows. A positive NPV implies a good investment decision and a negative figure implies the opposite.  

NPV of an investment:  

NPV = PV of Cash inflows - PV of cash outflow  

PV of cash inflow =

$12,500, × 1.1535^(-1)  +  19,700, × 1.1535^(-2) + 0× 1.1535^(-3)  +  10,400.× 1.1535^(-2) = 31,516.7476

Initial,cost = 34,900

NPV = 31,516.7476  - 34,900 = -3,383.25

NPV = $-3,383.25

5 0
3 years ago
Wilberton's has total assets of $537,800, net fixed assets of $412,400, long-term debt of $323,900, and total debt of $388,700.
sleet_krkn [62]

Answer:

Current Ratio=1.93518

Explanation:

Current\ Ratio=\frac{Current\ Assets}{Current\ Liabilities}

Calculating Current Assets:

Current Assets=Total assets-Net fixed assets

Current Assets=$537,800- $412,400

Current Assets=$125,400

Current Liabilities=Total debt- Long-term debt

Current Liabilities=$388,700- $323,900

Current Liabilities=$64,800

Current Ratio=\frac{\$125,400}{\$64,800}

Current Ratio=1.93518

5 0
4 years ago
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