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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:

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dimulka [17.4K]

Answer:

The answer is the ability to earn above average returns indefinitely

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7 0
3 years ago
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Coronado Industries had 293000 shares of common stock issued and outstanding at December 31, 2020. No common stock was issued du
Gnesinka [82]

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$3.72

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5 0
3 years ago
Trey Tires is going to merge with Big Spokes, and the merger will result in layoffs. As a result, the workers are not happy. The
zaharov [31]

Answer:

The correct answer is: soldiering.

Explanation:

American economist Frederick Winslow Taylor (1856-1915) in his book "<em>The principles of Scientific Management</em>" (1911) described the term soldiering to refer as the act by which individuals decrease the efficiency of their duties at work in purpose because of different adverse situations arose such as few wages incentives or the belief that by increasing productivity the less productive workers could be affected through lay-offs.

8 0
3 years ago
While traditional and charismatic styles of leadership focus on ___________________________________, transformational leadership
tia_tia [17]

Answer:

personality vision, hard work personalities

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6 0
3 years ago
Implementing a system of independent checks is one of the most effective ways to deter fraud. Which one of the following is NOT
Yanka [14]

Answer: The correct answer is d. Single endorsement of checks

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8 0
3 years ago
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