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mel-nik [20]
3 years ago
8

The Masterson family is setting up a vacation fund, and they plan on depositing $1,000 per quarter in an investment that will pa

y 12% annual interest. What amount will they have available for their vacation at the end of 2 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
Business
1 answer:
natali 33 [55]3 years ago
6 0

Answer:

$8,892.34

Explanation:

This question is an ordinary annuity type of question. It can be solved using a financial calculator. Input the following to solve for the future value of the annuity deposits;

Recurring payment; PMT = -1,000

Duration of investment; N = 2*4 = 8 quarters

One-time present cashflow; PV = 0

Quarterly interest rate ; I = 12% /4 = 3%

then compute the future value ; CPT FV = $8,892.34

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Managing diversity isA. Recognizing the characteristics common to specific groups of employeesB. Dealing with employees as indiv
Dafna11 [192]

Answer:

The answer is (D) all of the above.

Explanation:

Managing diversity is a workplace practice where companies focus their efforts in establishing a working environment where people with various demographic characteristics can thrive and perform to their fullest potential according to their work responsibilities. This means employers, more specifically, the human resources department, need to pay attention to the individuals’ background in order to create a work environment that is fair to each individual.  

7 0
3 years ago
The owner of a small color television set offers to sell it to a neighbor for $75. As the neighbor stands there thinking about t
NNADVOKAT [17]

If he was the first to say he wanted the product and the seller wants to sell it as fast as possible than yes. But not technically it would be  a kind of verbal understanding and agreement.

8 0
3 years ago
In the Land of Milk and Honey, they produce two goods: Milk and Honey. In 2014, milk cost $2 a gallon and they produced 10 gallo
Harman [31]

Answer:

Land of Milk and Honey

The real GDP in 2014 is:

= b. $40.

Explanation:

a) Data and Calculations:

                                         Milk           Honey            Total GDP

Cost per gallon in 2014   $2                 $1

Quantity produced           10                 20

Total production value  $20 ($2*10)  $20 ($1*20)    $40 ($20 + $20)

Cost per gallon in 2015   $2                 $1

Quantity produced           12                 24

Total production value  $24 ($2*12)  $24 ($1*24)    $48 ($24+ $24)

Cost per gallon in 2016   $2.50              $1.25

Quantity produced           12                   24

Total production value  $30 ($2.50*12)  $30 ($1.25*24) $60 ($30 + $30)

The real GDP in 2014 is the calculated value of $40.  Using 2015 as the base year, there is no inflation since the unit prices of milk and honey remained the same in both years.

6 0
3 years ago
Blossom Company received a check for $28320 on July 1 which represents a 6 month advance payment of rent on a building it rents
grandymaker [24]

Answer:

D. debit Unearned Rent Revenue, $4720; credit Rent Revenue, $4720.

Explanation:

When the Cash was received for 6 month`s Rent the entry was :

Debit : Cash  $28320

Credit : Unearned Rent Revenue $28320

At 31 July when 1 month`s rent expires the entry will be :

Debit : Unearned Rent Revenue (1/6 x $28,320) $4,720

Credit : Rent Revenue $4,720

thus

We reverse the liability - Unearned Rent Revenue and recognize Revenue for the month expired.

8 0
3 years ago
Why would applying to as many scholarships as possible reduce your student debt?
Anna35 [415]

Answer:

......................

7 0
2 years ago
Read 2 more answers
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