_____ data is defined as data that has been previously collected for any purpose other than the one at hand. select one:

Your client has been given a trust fund valued at $1.07 million. He cannot access the money until he turns 65 years old, which i

slega [8]

Answer:

285 Months

Explanation:

n = 30 years × 12 = 360

percent rate = 5.0 % divided by 12 = 0.417.

Now recalling the statement of time value for money,

We have future value = present value × ( 1 + rate) ∧ n

future value = 1, 070,000 × ( 1 + 0.417 ) ∧ 360

future value = 3.33065667 E 60

At age 65, the value 3.33065667 E 60 will be the present monthly withdrawal at $28,500.

present value of ordinary annuity, = annuity ( 1 - (1 + r) ∧ -n ÷ r

= 3.33065667 E 60 = 28500 (1 - ( 1 + 0.417) ∧ - n ÷ 0.417

= 3.33065667 E 60 ÷ 28500 = (1 - ( 1 + 0.417) ∧ - n ÷ 0.417

1.168651462 E 56 = (1 - ( 1 + 0.417) ∧ - n ÷ 0.417

we now introduce logs to determine the value of n

Solving further, we discovered that n= 285.

Therefore, the number of months it will last one he start to withdraw the money is 285 month

6 0

3 years ago

Dr. Rick Torres runs a chiropractic clinic. He typically bills his customers for services he performs and gives them about 30 da

Strike441 [17]

Answer:

e) accounts receivable

Explanation:

a) allowance for doubtful accounts: this is used to determinate a provision of uncollectible account. Customers that will not honor their debts.

b)prepaid expenses: This is use for the payment in advance for utilities and other expenses like rent. The description does not involve any payment from Dr Torres.

c)unearned revenues: used when the customer pays the service or goods but the business didn't perform or deliver. The Dr has perform his services so they revenues are earned.

d) intangible assets: refers to trademarks, patents and other assets which related to the business. the customers account are tangible, they are a know value

e) accounts receivable: correct.

This represent the collectible amount from customers, which is exactly what it is happening. The Dr gives a certain amount of time to receive the payment for his services. While the services aren't paid, the Dr has "Accounts to receive"

3 0

3 years ago

A marketing manager targeting Generation Y should be aware that this group is turned off by:A) the "soft sell".B) overt branding

AysviL [449]

Answer:

B) overt branding practices

Explanation:

Generation Y is the group of people who were born between 1990s to early 2000s. Probably most commonly known as millennials.

Statistics shown that when it come to choosing a product, millennial tend to choose the individuals that they can trust/admire rather than overt branding practices. This is why online influencers market is really booming among this demographic.

On top of that ., They value the type of advertisement that can objectively define the negative and positive characteristics of a certain product rather than advertising it as if it's 'the best product ever' like commonly done by most companies in the past.

7 0

3 years ago

Tony has realized that two activities (A and B) in his project cannot be done at the same time because not enough resources are

iVinArrow [24]

Answer:

He should schedule the activity with the least slack, that means the activity B.

So, B. He should scheduel activity B first.

5 0

3 years ago

For every minute you are angry you lose 60 seconds of happiness meaning

Mariulka [41]

I think it means whenever your angry you lose every single minute

6 0

3 years ago

_____ data is defined as data that has been previously collected for any purpose other than the one at hand.​ select one:

_____ data is defined as data that has been previously collected for any purpose other than the one at hand. select one: