1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vladimir [108]
3 years ago
12

What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,000 at the end of Year 4 if the i

nterest rate is 5%? Select one: a. $9,428 b. $10,446 c. $8,509 d. $8,957
Business
1 answer:
jarptica [38.1K]3 years ago
3 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Cash flow= $2,250

n= 4

i= 5%

Additional investment= $3,000

<u>First, we need to calculate the future value using the following formula:</u>

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

A= annual deposit

FV= {2,250*[(1.05^4) - 1]} / 0.05

FV= 9,697.78 + 3,000

FV= $12,697.78

<u>Now, the present value:</u>

PV= FV/(1+i)^n

PV= 12,697.78/(1.05^4)

PV= $10,446.5

You might be interested in
Performance Bicycle Company makes steel and titanium handle bars for bicycles. It requires approximately 1 hour of labor to make
alexdok [17]

Answer:

Overhead cost allocated to steel bars = $4.6 \times 6,600 = $30,360

Explanation:

Provided information,

Two products manufactured

Steel Bars and Titanium bars

Number of hours = 1 hour each

Total units produced

Steel = 6,600

Titanium = 3,400

Total hours @ 1 hour for each = 6,600 + 3,400 = 10,000

Total Setup cost = $46,000

Cost per hour based on direct labor hours = $46,000/10,000 = $4.6

Overhead cost allocated to steel bars = $4.6 \times 6,600 = $30,360

7 0
3 years ago
Gross Domestic Product Title: Grantham Copyright - Description: Grantham Copyright 2018Use the data chart to answer the question
adoni [48]

Answer:

1. $ 750

2.  - $ 50

3.   $ 600

4.  $ 600

Explanation:

1. Using the data  GDP = C+I+G+ (X-M)

GDP=  $500 +$100 + $ 200 + ($50-$100)

GDP= $ 800 + (-50)

GDP = $ 750

2. NET EXPORTS = EXPORTS - IMPORTS= $ 50- $ 100= -$50

3. PCE=  Consumption+ Private Domestic Investment= $ 500 + $ 100= $ 600

4. GDP 2017= $ 750 *80%=  $ 600

7 0
3 years ago
Kentucky Corporation uses a process-cost accounting system. The company adds direct materials at the start of its production pro
saul85 [17]

Answer:

The following sets of percentages would be used to calculate the correct number of equivalent units in the ending work-in-process inventory:

D. Materials, 100%; conversion cost, 60%.

Explanation:

<em>The above is actually the best option which would be used to calculate the correct number of equivalent units in the ending work-in-process inventory.</em>

8 0
2 years ago
Marketing benefits the organization, its stakeholders, and society at large by _______ offerings that have value for customers?
miv72 [106K]

Marketing benefits the organization, its stakeholders, and society at large by <u>creating, communicating, delivering, and exchanging</u> offerings that have value for customers.

<h3>What is marketing?</h3>

Marketing is a process filled with many activities to ensure customer value and organizational profitability.

Marketing involves the following marketing mix:

  • Product
  • Price
  • Place
  • Promotion.

Marketing does not start with advertising or creating awareness of a product or service in the mind of customers.  It begins with product design, production, and delivery, and ends with customer service.

Thus, marketing creates, communicates, delivers, and exchanges offerings to benefit the customers, the organization, and other stakeholders.

Learn more about marketing at brainly.com/question/25369230

#SPJ1

6 0
1 year ago
Assume that a consumer has a given budget or income of $12, and that she can buy 2) only two goods, apples or bananas. The price
Sauron [17]

Answer: 16 Banana's or 8 Apples

Explanation:

Budget constrain is a mathematical expression which shows us the quantity of goods that can be purchases at given prices and income. Since, income of the consumer is limited, he must allocate his consumption in a way that he can buy maximum goods at the given prices.

The budget constrain faced by the person is

1.50*Q_{A} + 0.75*Q_{B} \leq 12

If the person spends all his income on Apple's, he buys

\frac{12}{1.50}

= 8 Apples

If the person spends all his income on Banana's, he buys

\frac{12}{0.75}

= 16 Banana's


4 0
3 years ago
Other questions:
  • The cost system best suited to industries that manufacture a large number of identical units of commodities on a continuous basi
    11·1 answer
  • A local political party made phone calls to assess likely voter turnout. The only question asked in the telephone interview was
    6·2 answers
  • By definition, _____________ is the activity, set of institutions, and processes for creating, communicating, delivering and exc
    8·1 answer
  • Jimbo Electronics sells navigation equipment used in airports. You have been working with the government of a western European c
    10·1 answer
  • Your boss listens to employees personal problems and tries to create a positive work environment by being agreeable, eager to he
    13·1 answer
  • Ramon incurred $83,100 of interest expense related to his investments this year. His investment income included $34,500 of inter
    12·1 answer
  • In a(n) ________, the consumer ranks a product's attributes in terms of perceived relevance or importance, then compares the var
    8·1 answer
  • "A customer directs his broker to "Sell 100 shares of ABCD stock and use the proceeds to buy 100 shares of XPDQ stock." This is
    11·1 answer
  • True or false: A protective tariff is designed to raise money for the government. True false question. True False
    14·1 answer
  • The market price of a security is $26. Its expected rate of return is 13%. The risk-free rate is 5%, and the market risk premium
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!