1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
eduard
3 years ago
5

A wealthy art collector has decided to endow her favorite art museum by establishing funds for an endowment which would provide

the museum with $1,000,000 per year for acquisitions into perpetuity. The art collector will give the endowment upon her fiftieth birthday 10 years from today. She plans to accumulate the endowment by making annual end-of-year deposits into an account. The rate of interest is expected to be 6 percent in all future periods. How much must the art collector deposit each year to accumulate to the required amount
Business
1 answer:
Oxana [17]3 years ago
4 0

Answer:

$1,264,466 is the correct answer.

Explanation:

You might be interested in
The distinction between a normal and an inferior good is A. when income​ increases, demand for a normal good increases while dem
alexdok [17]

Answer:

The correct answer is option A.

Explanation:

Normal goods have positive income elasticity, so when there is an increase in the income of the consumer, the quantity demanded of the normal goods will increase.

On the other hand, the inferior goods have a negative income elasticity. So when the income of the consumer increases the demand for inferior goods decline. This is because as income increases, the consumers will prefer normal goods.

8 0
3 years ago
Clicking the Format Painter once will allow you to apply the copied formatting repeatedly.
kicyunya [14]
The second answer is correct hope that helps
7 0
3 years ago
Jacobs Company has inventory of 15 units at a cost of $12 each on June 1. On June 5, Jacobs purchased 10 units at $13 per unit.
vekshin1

Answer:

$210

Explanation:

Date    Description   Units  Price  Total Balance

1-Jun    Opening        15   $12   $180   $180  

5-Jun    Purchase      10      $13     $130          $310  

12-Jun   Purchase      20     $14     $280         $590  

17-Jun   *Sale             -30               -$380        $210  

*Working

Sale

Date          Units   Price     Total

17-Jun       -15 $12   $(180)  

                -10   $13   $(130)  

                -5   $14   $(70)  

Total Sale -30           -$380  

So, the correct answer is $210.

3 0
3 years ago
Rodney Halpern works in the marketing department of a major manufacturing firm. Much of his job involves managing the movement o
fredd [130]

Answer:

Letter D is correct. <u>Supply chain management.</u>

Explanation:

It can be said that Rodney's professional responsibilities focus on supply chain management.  The entire logistical process of a product or service, ranging from its manufacture to its delivery to the final consumer can be defined as a supply chain.

Rodney's job is to ensure that the flow of all stages that make up the production process, such as raw materials, work in progress, finished products, and information are managed correctly so that there is an effective supply chain, which ensure delivery of products and services to the right place at the right time.

5 0
3 years ago
Tom has a qualified retirement plan with his employer that is currently considered to be 80% "vested". how can this be interpret
velikii [3]
'Vesting' as used in retirement plan means ownership. Every employ owns a certain percentage of their account in the plan each year. An employ who is 100% vested in his account own all the money in his account and the employer can not take any part of his money in case he wants to retire. In the question given, Tom is only 80% vested, which means that if he decides to retire today, he is going to forfeit 20% of his retirement plan.
5 0
3 years ago
Other questions:
  • Irene invested $27,000 in a twelve-year CD bearing 8.0% interest, but needed to withdraw $6,000 after three years. If the CD’s p
    6·2 answers
  • For its three investment centers, Gerrard Company accumulates the following data: I II III Sales $2,060,000 $4,019,000 $4,085,00
    13·1 answer
  • The ledger of Windsor Company at the end of the current year shows Accounts Receivable $149,000, Sales Revenue $853,000, and Sal
    14·1 answer
  • During the course of your examination of the financial statements of the Hales Corporation for the year ended December 31, 2021,
    7·1 answer
  • Strict product liability is the doctrine that the seller of a product has legal responsibilities to compensate the user of that
    6·1 answer
  • The grocery store has bulk pecans on sale, which is great since you're planning on making 7 pecan pies for a wedding. how many p
    6·2 answers
  • Companies are turning to customer relationship management (CRM) to improve their customer focus. CRM uses information technology
    6·1 answer
  • The following revenue and expense account balances were taken from the Income Statement columns of the end-of-period spreadsheet
    6·1 answer
  • Seating Galore sells high-end desk chairs. The variable expense per chair is $85.05 and the chairs sell for $189.00 each. The va
    9·1 answer
  • The role of management in the success of a business?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!