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Tamiku [17]
3 years ago
8

Randy plans to save $10,000 per month for retirement starting today. if he earns a 10% annual return (tax free), compounded mont

hly, how much will it be worth in ten years? $61,445.67 $159,374.25 $756,711.63 $2,048,449.79 $9,270,806,881.78
Business
1 answer:
IRINA_888 [86]3 years ago
6 0

Answer:

$2,048,449.79

Explanation:

Given:

Periodic payment (PMT) = $10,000

Number of payment (n) = 10 year = 10 × 12 months = 120

Rate of interest (r) = 10% annual = 0.1 / 12 month = 0.00833 per month

Future value = ?

Computation of Future value:

Future\ value = \frac{PMT[(1+r)^n-1]}{r} \\\\Future\ value = \frac{10,000[(1+0.00833333333)^{120}-1]}{0.00833333333} \\\\Future\ value = \frac{10,000[(1.00833333333)^{120}-1]}{0.00833333333} \\\\Future\ value = \frac{10,000[2.70704042-1]}{0.008333333} \\\\Future\ value = \frac{10,000[1.70704042]}{0.00833333333} \\\\Future\ value = \frac{17,070.4042}{0.00833333} \\\\Future\ value = 2,048,449.32 \\\\

Future value = 2,048,449.32

Future value = 2,048,449.79 (Approx)

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The Hopper Leg Winery from California's Sonoma Valley is trying to enter the wine market in France. To the company's surprise, i
dimaraw [331]

Answer:

exclusive

Explanation:

Marketing mix can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.

Generally, a marketing mix is made up of the four (4) Ps;

1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.

2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.

3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.

4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.

In this scenario, The Hopper Leg Winery from California's Sonoma Valley is trying to enter the wine market in France. To the company's surprise, it found that the France wine distribution channel was difficult to access as an outsider. Based on this, the market must have an exclusive distribution channel i.e the exclusive or unique rights to be a retailer for the supplier or manufacturer of the wine products.

7 0
3 years ago
An investment project provides cash inflows of $705 per year for eight years. a. What is the project payback period if the initi
Yuki888 [10]

Answer: A. 2.05  B. 5.10   C. 0

Explanation: Payback period can be defined as the period under which the profits or savings in an investment can recover the initial outlay invested in that investment. In simple words we can say that it is the time required by an investment to pay for itself.

Pay back period is computed as follows :-

=\:payback\:period=\frac{\:Initial\:cash\:outlay}{cash\:inflows}

therefore,

A. =\:payback\:period=\frac{1450}{705}=2.05years

B.=\:payback\:period=\frac{3600}{705}=5.10years

C.=\:payback\:period=\frac{5800}{705}=0

7 0
4 years ago
Smith Dentistry opened on June 1, 2016. The following transactions occurred during June
Rudiy27

Answer:

The total revenue for the month of June is $22500. Option a is the correct answer.

Explanation:

The revenue will be calculated under the accrual basis of accounting which states that a period's revenue should match that period's expenses and these are to be recorded in their respective periods. Under this method, both the cash and the credit sales are recognized as revenue in the period to which they relate. The revenue for the month of June will be as follows,

Total Revenue = Cash sales + Credit sales

Total revenue = 8100 + 14400

Total revenue = $22500

5 0
4 years ago
You purchase another company for $50m. The company you purchase has assets with a fair value of $75m and liabilities with a fair
Crazy boy [7]

Answer:

b. $5m

Explanation:

If we purchase another company for $50m and the company you purchase has assets with a fair value of $75m and liabilities with a fair value of $30m. The amount of goodwill we should record in this transaction is: $5m

Goodwill upon acquisition of companies is derived by subtracting the fair value of NET ASSETS from the TOTAL CONSIDERATION (i.e the price paid to acquire the company)

In the scenario, the value of Net Assets is the value of the fairvalue of the assets less the fair value of the liabilities which is $75 - $30 = $45

While the Total Consideration = $50

Therefore Goodwill = $50m - $45m = $5m

5 0
3 years ago
What natural resources have high value because of a shortage or scarcity of the product?
KonstantinChe [14]
Water, like in the movie rango. Other things are food, wood, and metals
5 0
4 years ago
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