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olasank [31]
3 years ago
6

You are planning to make monthly deposits of $70 into a retirement account that pays 12 percent interest compounded monthly. If

your first deposit will be made one month from now, how large will your retirement account be in 24 years
Business
1 answer:
Brums [2.3K]3 years ago
6 0

Answer:

FV= $115,928.81

Explanation:

Giving the following information:

Monthly deposit= $70

Interest rate= 0.12/12= 0.01

n= 24*12= 288

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {70*[(1.01^288) - 1]} / 0.01

FV= $115,928.81

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Morgan company issues 9%, 20-year bonds with a par value of $750,000 that pay interest semi-annually. the current market rate is
Gemiola [76]
The amount of interest owed to the bondholders for each payment is $33,750. The amount interest to the bondholders for each payment should be calculated with this formula: Interest Yield Rate x Face Value of Bond x Time (9% x $750,000 x 1/2). The market interest rate of 8% has no effect on the interest payment calculation but it impacted the bond market value.
6 0
3 years ago
The time between the disabling event and the beginning of payments in your disability coverage is called
balu736 [363]

Answer – Elimination period

 

In insurance, elimination period refers to the time between the disabling event (e.g. the occurrence of an injury or illness) and the beginning of payments in the disability coverage (i.e. when payments of insurance benefits are received from the insurer<span>)</span>

3 0
3 years ago
Stately Crafters is a custom manufacturer of hand-crafted furniture. The company has 101 locations throughout the country and re
Angelina_Jolie [31]

Answer: (D) Organic

Explanation:

Organic approach is one of the type of organizational design or structure that helps in providing the various types of effective characteristics so that the organization are able to adapting the dynamic environment easily.

The organic approach provide the less complexity in the organizational design that basically relies on the decentralized decisions and also helps in meet the effective products based on the customer requirement.

 According to the question, the Stately crafters is one of the manufacturing company that is located in the 101 locations in the country and the organic approach helps in making the various types of organisational decisions.    

 Therefore, Option (D) is correct answer.

 

4 0
2 years ago
Because internals seem to have a greater belief that their actions have a direct effect on the consequences of that action, they
Sergeu [11.5K]

Answer:

True

Explanation:

Incentive compensation is a system designed to motivate and reward performance. The objective of incentive compensation is staff motivation.

Most organizations employ incentive compensation as a way of encouraging their employees to work, meet and exceed target required of them by the company.

Examples of incentive compensation are bonus or profit sharing, sales comission.etc

If employees know that their actions have a direct effect on the consequences of their action, they would increase their productivity due to severance packages attached to their output like bonus , commission etc.

4 0
3 years ago
Fetzer Company declared a $0.55 per share cash dividend. The company has 200,000 shares authorized, 190,000 shares issued, and 8
Firlakuza [10]

Answer:

Please see journals below

Explanation:

Retained earnings Dr $104,000

Common dividend payable Cr $104,000

Common dividend payable Dr $104,000

Cash Cr. $104,000

Retained earnings Dr $100,100

Common dividends payable Cr $100,100

Common dividends payable Dr $100,100

Cash Cr $100,100

Retained earnings Dr $110,000

Common dividends payable Cr $110,000

Working

Dividends payable

= 190,000 × $0.55

= $104,000

Common dividend payable

= $0.55 × (190,000 shares - 8,000 shares)

= $100,100

7 0
3 years ago
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