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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.

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Cheapo Manufacturing decided to lease a 100,000 square foot facility. What type of lease will they most likely sign? A net lease
Alinara [238K]

Net lease type will be the most likely sign by Cheapo manufacturing.

<u>Explanation:</u>

Single net leases, which are frequently alluded to as a Net or N rent, are not as regular in the rental world. In a rent this way, the proprietor moves a negligible measure of hazard to the occupant, who covers the property charges. This implies some other cost, for example, protection, support and fixes, and utilities—are the proprietor's obligation. The landowner is likewise liable for any support and additionally fixes that must be finished over the span of the rent inside the property.  

Occupants under a solitary net rent wind up paying marginally lower lease than with a standard rent as a result of the additional expense of property charges. In any case, a higher rental installment doesn't reduce the landowner's obligation regarding staying up with the latest.

6 0
3 years ago
ID Goods Corp. sells safety footwear to its client base that includes oil refineries, meat processors, catering companies, hospi
Alex17521 [72]

Answer:

Aftermarketing

Explanation:

Aftermarket IMG is defined as the set of activities a business undertakes after making a product sale to retain customers and to foster repeat sales.

For example following up on the customer to ascertain level of satisfaction with the purchase, after sale technical support, and complaint management.

In the given scenario ID Groups Corp maintains a database that contains customer information and a history of each of their purchases, offers ongoing guidance on product maintenance, and responds quickly to complaints and seeks customer satisfaction.

These are aftermarketing activities.

4 0
3 years ago
The 2015 American Time Use survey contains data on how many minutes of sleep per night each of 10,900 survey participants estima
PolarNik [594]

The population is the 10,900 respondents to the American Time Use Survey.

Explanation & Solution:

Statistics indicate that a large number of findings with similar features are related to in the population.

A sample is a subset from which it has been extracted.

"The American Time Usage survey for 2015 provides details about how many minutes of sleep every evening are assigned to each of 10,900 survey respondents.

An SRS of 100 participants (a plain random sample) has x = 514.4 minutes on average.

The size of the U.S. Time Utilization Survey is 10,900.

7 0
3 years ago
Oriole Corporation has retained earnings of $682,100 at January 1, 2020. Net income during 2020 was $1,558,700, and cash dividen
tigry1 [53]

Answer:

$2,248,660

Explanation:

According to the scenario, computation of the given data are as follows,

Particulars                                                   Amount

Retained Earning                                      $682,100

Correction of repairs expense (Add)       $89,160

Net income (Add)                                      $1,558,700

Dividend Paid (Less)                                 $81,300

Net retained earning                              $2,248,660

7 0
3 years ago
A monopolistically competitive firm faces a downwardminussloping demand curve becauseA.its market decisions are affected by the
liberstina [14]

Answer: Option (B) is correct.

Explanation:

Correct option: product differentiation.

In a monopolistic competitive market, there are large number of sellers which are producing similar products or close substitute but the products are different enough that the demand curve for each firm is downward sloping.

The firms in a monopolistic competitive market have zero economic profit in the long run because of the less restrictions on the entry and exit of the firms.

7 0
4 years ago
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