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Sergeeva-Olga [200]
3 years ago
7

Abby Mia wants to know how much must be deposited in her local bank today so that she will receive yearly payments of $18,000 fo

r 20 years at a current rate of 9% compounded annually. (Use the tables in the handbook.)

Business
1 answer:
saveliy_v [14]3 years ago
8 0

Answer:

$164,313.82

Explanation:

In this question we have to apply the present value formula i.e to be shown in the attachment

Provided that,  

Future value = $0

Rate of interest = 9%

NPER = 20 years

PMT = $18,000

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula the present value is $164,313.82

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There are 300 purely competitive farms in the local dairy market. of the 300 dairy farms, 298 have a cost structure that generat
Stells [14]

Answer:

The percentage rate of return for these 298 dairies is 6%

Explanation:

The percentage rate of return is calculated by dividing the profits by total investment, so the given information in the question is,

profits = $18

investment = $300

percentage rate of return = 18/300 = 0.06 = 6%

4 0
3 years ago
Tucker Company makes chairs. Tucker has the following production budget for January - March. January February March Units Produc
ziro4ka [17]

Answer:

Total= 45,684 feet

Explanation:

Giving the following information:

Production budget:

February= 10,993

March= 8,559

Each chair produced uses 5 board feet of wood.

Management wants an ending inventory level of raw materials to equal 20% of the production needs (in wood) for the next month.

Direct material budget:

Production= 10,993*5= 54,965

Desired ending inventroy= (8,559*5)*0.2= 1,712

Beginning inventory= (10,993*5)*0.2= (10,993)

Total= 45,684 feet

6 0
3 years ago
Capico is a pharmaceutical company. The company has its factory outlets in various countries and is currently not planning on an
Harman [31]

Capico will need credit for Research and development as it should research on the new drug and also study about its competitors

6 0
3 years ago
Read 2 more answers
Corporate level strategy focuses on:
DIA [1.3K]

Answer:

The correct answer is A. What businesses to compete in and how business can be managed to achieve synergy.

Explanation:

Corporate strategy refers to the group of actions carried out by an organization in order to locate and recognize itself within the market in which it operates. This type of action also allows them to direct all their efforts towards a common purpose, which is normally related to their position in the market, their level of integration, and other types of tasks such as acquisitions or investments.

3 0
3 years ago
​A bond with a 12 percent quarterly coupon rate has a yield to maturity of 16 percent. The bond has a par value of $1,000 and ma
Mekhanik [1.2K]

Answer:

fair value is $761

Explanation:

Given data

bond value = $1000

rater r = 12 %

rate R = 16%

time = 20 year

to find out

a fair price

solution

we know compounding period in year is = 4

so time 20 x 4 = 80  

fair Price = \sum_{k=1}^{k=80} [(Quarterly Coupon) / (1 + R/400)^t] +bond value / (1 + R /400)^t

here

Quarterly Coupon = 12 × 1000/400 = 30

so

fair Price = \sum_{k=1}^{k=80} [(30) / (1 + 16/400)^k] + 1000 / (1+16/400)^80

solve it we get

fair value is $761

5 0
3 years ago
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