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2 years ago

13

What annual interest rate would you need in order to have an ordinary annuity of $7500 per year accumulated to $279600 in 15 yea

rs?

1 answer:

FromTheMoon [43]2 years ago

4 0

<span>0.40236051502 Interest Rate</span>

You might be interested in

Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total costs and costs pe

irga5000 [103]

Answer:

1. 67,000 87,000 107,000

Total costs:

Variable costs 261,300 339.300 417.300

Fixed costs 360,000 360,000 360,000

Total costs $621,300 $699,300 $777,300

Cost per unit:

Variable costs $3.9 $3.9 $3.9

Fixed costs $5.37 $4.14 $3.36

Total cost $9.27 $8.04 $7.26

2. Particulars Amount($)

Sales(97,000*8.08) $783,760

Variable costs(97,000*3.9) $378,300

Contribution margin $405,460

Fixed costs $360,000

Net operating income $45,460

Explanation:

1. The schedule of the company’s total costs and costs per unit would be as follows:

67,000 87,000 107,000

Total costs:

Variable costs 261,300 339.300 417.300

Fixed costs 360,000 360,000 360,000

Total costs $621,300 $699,300 $777,300

Cost per unit:

Variable costs $3.9 $3.9 $3.9

=(261300/67000)

Fixed costs $5.37 $4.14 $3.36

=(360,000/67000) =(360,000/87000) =(360,000/107,000)

Total cost $9.27 $8.04 $7.26

2. The contribution format income statement for the year would be as follows:

Particulars Amount($)

Sales(97,000*8.08) $783,760

Variable costs(97,000*3.9) $378,300

Contribution margin $405,460

Fixed costs $360,000

Net operating income $45,460

6 0

3 years ago

A bank has $400 in checkable deposits, $800 in savings deposits, $700 in time deposits, $900 in loans to businesses, $300 in out

sergij07 [2.7K]

Answer: $400

Explanation:

M1 money supply simply refers to the monies which are liquid like the checkable deposits, traveler's checks, and the coins and currencies that are in circulation.

Therefore, based on the information given in the question, the bank's deposits that are part of M1 will be the $400 in checkable deposit.

3 0

2 years ago

A balanced budget is present when a. the economy is at full employment. b. the actual level of aggregate spending equals the pla

photoshop1234 [79]

Answer:

d. government revenues equal government expenditures.

Explanation:

A balanced budget refers to a situation in which earnings are equal or greater than the expenses. Usually this term is used when talking about government budget and this is a budget that has no deficit and that it is possible than can have a surplus which helps to avoid leaving big debt for the future that can posses problems. According to this, a balanced budget is present when government revenues equal government expenditures.

4 0

2 years ago

Forms of Business Organization

chubhunter [2.5K]

Answer:

<h2>Forms of Business Organization </h2>

1. The basic concepts of financial management are the same for all businesses, regardless of how they are organized. However, a firm's legal structure affects its operations.

The main forms of business organizations are: (1) proprietorships, (2) partnerships, (3) corporations, and (4) limited liability companies (LLCs) and limited liability partnerships (LLPs). In terms of numbers, most businesses are______proprietorships_. However, based on the dollar value of sales, most business is done by_corporations____.

Businesses are frequently started as__Limited Liability Companies____and then converted to_Corporations_____when their growth results in disadvantages outweighing advantages.

2. A proprietorship has three important advantages: (1) It is easily and inexpensively formed, (2) it is subject to_less____government regulations, and (3) it is subject to lower income taxes than are_corporations_____.

However, a proprietorship also has three important limitations: (1) A proprietor has_unlimited_____personal liability for the business' debts. (2) The life of the business is limited to the life of the individual who created it. (3) A proprietorship has difficulty obtaining large sums of capital so proprietorships are used primarily for small businesses.

3. A partnership has two important advantages: (1) It is easily and inexpensively formed and (2) its income is allocated on a pro rate basis to partners and taxed on a(n)_individual____basis so the partnership avoids higher_corporate____income taxes. A partnership has four important disadvantages: (1)_Unlimited_____personal liability, (2)_Limited____life, (3) difficulty of transferring ownership, and (4) difficulty of raising large amounts of capital.

4. A corporation has the following advantages: (1)_Unlimited____life, (2) ownership that is easily transferred through the exchange of stock, (3)_Limited____liability, and (4) can_easily_____raise large amounts of capital to operate large businesses. Its disadvantages are: (1) Corporate earnings may be subject to_corporate_____taxation and (2) setting up a corporation and filing required state and federal reports is complex. Large corporations are known as C corporations. However, as an aid to small businesses Congress created S corporations.

5. Limited liability corporations (LLCs) and limited liability partnerships (LLPs) have limited liability protection like_corporations_____but are taxed like__proprietorships____. Investors in an LLC or LLP have votes in proportion to their ownership interest. LLCs and LLPs have been gaining in popularity, but large companies still find it advantageous to be_formed into_____corporations because of advantages in raising capital for growth.

Explanation:

The above are forms of business organization through which investors can realize their investment dreams.

6 0

3 years ago

Assume $1,000 is deposited in a checkable account by mr. y in bank

otez555 [7]

Hi there

1,000÷0.20
=5,000

5,000−1,000
=4,000....Answer (this is the total amount of money can be created)

Hope it helps

4 0

3 years ago