Answer:
$25,778
Explanation:
During the first year, $4,800 were deposited. Using the future value of an investment formula, after one year, this amount becomes:
X = 4,800 (1+0.09)
= 5,232
Now, they add $6,600 to that amount. Now we have a total of:
6,600 + 5,232 = 11,832
During year two, the amount above becomes:
X = 11,832 (1+0.09)
= 12,897
And at the end of year two, $8,800 are added. Now we have a total of:
12,897 + 8,800 = 21,697
During years three and four, that amount finally becomes:
X = 21,697 (1+0.09)^2
= 25.778
Thus, after four years, the Jenkisn Family Fun Center will have $25,778 to buy the equipment.
Answer:
expense 15,000 Wages expense 450,000
Explanation:
Answer:
Redistribution or income redistribution
Explanation:
Income redistribution or redistribution is a economy practice aimed to balance the distribution of income in a society though strategies or mechanisms which allow transferring of incomes from high-income earners to those with lower incomes.
As was mentioned before, there are some strategies such as progressive taxation to make the income redistribution, which consists of people with higher incomes pay higher taxes and low income earners pay a lower tax rate.
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