The parents would deposit $ 3150 on the second birthday.
Explanation:
The initial amount deposited on the first birthday- $ 3000
Incremental % for each year deposit- 5 %
Rate of Interest provided by the education savings account- 6%
The term for which they would be depositing- 18 years (until the baby turns of 18 years means 18 annual instalments)
The amount that parents would deposit on the second birthday-
The amount deposited by parents would be 5% more than the amount deposited by them on the previous birthday
Hence incremental amount would be 5% of 3000
(5/100) *3000= $ 150
The amount that would be deposited on 2nd birthday would be 3000+150= $ 3150
Answer:
e. by receiving a reward commensurate with their performance.
Explanation:
The word equity means that something is fair. Thus, the equity theory states that employees are motivated when things are fair, and the very definition of fairness in the workplace is receiving a reward that is equivalent to personal performance.
According to this theory, people do not want to earn more than they deserve, they simply want to be compensated accordingly to what they produced.
Answer:
Forecast of 2020 net earnings = $299.2 million.
Explanation:
Note:
a. See part a of the attached excel file for the calculations of the Historic Percent of Total Revenue.
b. See part b of the attached excel file for the Forecast of ADP’s 2020 income statement.
From part b of the attached excel file, we have:
Forecast of 2020 net earnings = $299.2 million.
Answer:
22,290 units
Explanation:
Product A sales (S) = 21,900 units
Product A selling price = $11.90
Product A beggining inventory (I)= 3,900
Product A ending inventory (E) = 3,900 x 1.10 = 4,290
Budgeted purchases of product A must account for all of the projected sales and the desired ending inventory, assuming that the company already has a beginning inventory at hand. Budgeted Purchases of product A are given by:
