1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Over [174]
3 years ago
6

George Jefferson established a trust fund that will provide $200,500 per year in scholarships. The trust fund earns an annual re

turn of 3.1 percent. How much money did Mr. Jefferson contribute to the fund assuming that only income is distributed?
Business
1 answer:
ziro4ka [17]3 years ago
4 0

Answer:

The amount of money which Jefferson contribute in order to fund is $6,467,742

Explanation:

Let the amount deposited is Y,

So,

Annual return × Amount deposited = Amount provide by fund

where

Amount deposited is Y

Amount provided by fund is $200,500

Annual return is 3.1 %

Putting the values above:

3.1%  × Y = $200,500

Y = $200,500 / 3.1%

Y = $200,500  × 100 / 3.1

Y = $6,467,741.94 or $6,467,742

Therefore, the money amounts to $6,467,742, which Jefferson need to contribute in order fund.

You might be interested in
Which of the following would make the best thesis statement for a debate? a. Art and music classes are great. b. Schools should
Novosadov [1.4K]
The best answer choice would be "B". This gives the main idea of what your debate would be about. It is also clear, and not biased or opinionated.

I hope this helps!
~cupcake
3 0
3 years ago
Read 2 more answers
An industrial manufacturer that works with one or a few large clients and develops products that only these clients will use is
Kaylis [27]

Answer: Custom marketing

Explanation: A custom marketing strategy will most likely be employed by an industrial manufacturer that works with one or a few large clients and develops products that only these clients will use. Marketing creates, communicates, and delivers value, and it involves the management of customer relationships. A custom marketing strategy is one in which a manufacturer customizes and develops products that are unique to the needs of his customers and thus is an essential strategy for delivering a personalized customer experience to each segment of clients, thereby increasing loyalty and customer satisfaction.

5 0
4 years ago
Last year, Myron purchased a $10,000 certificate of deposit with a 3% rate of interest from his bank. The government reported th
Dmitrij [34]

Answer:

Myron gains, while the bank loses.

Explanation:

Fallen in prices is usually cause by deflation i.e a general decrease in the prices of goods and services which enhances the purchasing power of money.

In this case, 5% fall in price will increase the value of the Myron investment with bank and caused bank more money .

8 0
3 years ago
Most successful firms have a clearly defined, well-written marketing plan that specifies the marketing activities to be performe
balu736 [363]

Answer:

a. True

Explanation:

Most successful firms have a clearly defined, well-written marketing plan that specifies the marketing activities to be performed to implement, manage, and evaluate its marketing strategies.

The typical marketing plan has multiple components which are based on information derived through environmental scanning.

Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.

The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats while the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.

3 0
3 years ago
______ angels are individuals who have already started and successfully operated their own businesses.
sergiy2304 [10]
Entrepreneurial Angels
7 0
2 years ago
Other questions:
  • Some organizations provide off-site employees, such as home health professionals, with a network interface device that does not
    14·1 answer
  • Which one of the following is an example of an incremental cash flow for Project A?
    9·1 answer
  • The forecasting technique that pools the opinions of a group of experts or managers is known as: market survey. management coeff
    7·1 answer
  • Consider a basket of consumer goods. The basket of goods costs $72.00 in the United States. The same basket of goods costs 224.0
    8·1 answer
  • Is a worker's human capital and his or her resulting productivity the ONLY determinants of that person's wage or salary?
    6·1 answer
  • A long-term liability should be reported as a current liability in a classified balance sheet if the long-term debt: Is callable
    12·1 answer
  • Woolplank is an apparel company that specializes in woolen clothes. It heavily invested in five sheep farms last year. This year
    10·1 answer
  • Tristen Company purchased a five-story office building on January 1, 2019, at a cost of $9,400,000. The building has a residual
    11·1 answer
  • Suppose that today you buy a bond with an annual coupon rate of 10 percent for $1,120. The bond has 17 years to maturity. What r
    5·1 answer
  • Your large business just issued bonds for $10 million. You are excited about utilizing the new funds to expand. As you create yo
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!