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aleksandr82 [10.1K]
3 years ago
5

Nancy just had a new baby boy and plans to send him to college 19 years from now. She wants to deposit each winter in an educati

on account which pays 10% (compounded annually) so that her boy will have enough money set aside that he can take out $20,000 at the beginning of each year to pay tuition, room and board, etc., for each of his four-year education. How much will Nancy need to deposit at the end of each year in order to meet the goal? (Note: There will be 19 total deposits and the first deposit will be made in one year. Also, the last deposit will be made the day before the first withdrawal.)

Business
1 answer:
Thepotemich [5.8K]3 years ago
7 0

Answer:

$1363.14

Explanation:

Please see attachment

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An investment advisor buys 1000 shares of ABC common stock for his personal account. A short time later, the advisor buys 100,00
Colt1911 [192]

Answer:

In the interest of clients

Explanation:

Remember an investment advisor provides guidance to clients in exchange for agreed fees. Because of this relationship the Investment advisor owe a fiduciary duty to clients; meaning they are madated to put the clients’ interests over their own.

In this scenario the investment advisor first buys 1000 shares of ABC common stock for his personal account.

Considering the clients interest first he buys shares of ABC stock that are greater than his worth 100,000 which he allocates to customer accounts.

3 0
3 years ago
Calculate income from operations for Jonas Company based on the following data: Sales $764,000 Operating expenses 52,500 Cost of
Elina [12.6K]

Answer:

173,500

Explanation:

Operating income is income derived from a business's operations, after deducting operating expenses e.g. wages, depreciation, and cost of goods sold

Operating income = sales - operating expenses- cost of merchandise sold

$764,000 - 52,500 - 538,000 = 173,500

I hope my answer helps you

7 0
3 years ago
A new car sells for $25,000. The value of the car decreases by 15% each year. What is the approximate value of the car 5 years a
Rama09 [41]

Depreciation is an accounting method for allocating the cost of a tangible or physical asset over its <u>usable life</u>. Depreciation is a term used to describe<u> how much</u> of an asset's worth has been used.


<h2>Given:</h2>


Initial value of the Car = 25,000

Depreciation of the Car= 15% per annum based on net book value

<h3>The computation:
</h3>

Note: t = Number of years

\text{Net book value} = 25,000 (1 - 0.15)^t

NBV = 25,000 (0.85)^5\\\&#10;&#10;NBV = 25,000 (0.4437)\\\&#10;&#10;NBV = 11,092.50&#10;&#10;&#10;

As a result, the car's approximate value 5 years after purchase is 11,092.50.


For more information about computing sum, refer below:

brainly.com/question/1373966

7 0
2 years ago
Prime Computers is a company that sells computers and software. The company has a website that allows customers to post comments
Oliga [24]

Group of answer choices.

A. Most online shoppers will only buy products if they can voice their opinions about them after the purchase.

B. Most online shoppers search the Internet for ratings and reviews before making major purchase decisions.

C. Negative consumer feedback can actually attract more customer interest in the product.

D. Allowing consumer feedback makes it less likely that consumers will provide their feedback.

E. Consumers are more likely to say positive things about companies that value their opinions.

Answer:

B. Most online shoppers search the Internet for ratings and reviews before making major purchase decisions.

Explanation:

Customer relationship management can be defined as a strategic process which typically involves combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Thus, this set of employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.

This ultimately implies that, customer relationship management is focused on developing an ongoing connection between a business firm (organization) and all of its customers, as well as potential customers.

Hence, it is very important for Prime Computers to encourage customer feedback on its website and as a policy because most online shoppers (customers) usually engage in an online search in order to see other customer's ratings and reviews of company's product or service before making major purchase decisions.

5 0
3 years ago
Place the steps to creating a budget in order:
bagirrra123 [75]

Answer:

1. Figure out your net income

2. Determine if you have enough income to cover all your expenses

3. make list of variable expense

4. make list of fixed expenses

5. adjust expense

done !

4 0
3 years ago
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