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ki77a [65]
4 years ago
9

Joshua needed money for some unexpected expenses, so he borrowed $5,355.26 from a friend and agreed to repay the loan in seven e

qual installments of $1,100 at the end of each year. The agreement is offering an implied interest rate of _________
Joshuaâs friend, Willie, has hired a financial planner for advice on retirement. Considering Willieâs current expenses and expected future lifestyle changes, the financial planner has stated that once Willie crosses a threshold of $1,387,311 in savings, he will have enough money for retirement. Willie has nothing saved for his retirement yet, so he plans to start depositing $25,000 in a retirement fund at a fixed rate of 6.00% at the end of each year. It will take____________for Willie to reach his retirement goal.
Business
1 answer:
konstantin123 [22]4 years ago
8 0

Answer:

10%

25.14 years

Explanation:

A financial calculator can be used to solve these problems

PMT = $-1,100

PV = $5,355.26

FV = 0

N = 7

Compute I = 10%

PMT = $-25,000

FV =  $1,387,311

I = 6%

PV = 0

Compute N = 25.14 years

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Which statement below correctly explains what merchandise inventory is? Multiple choice question. Merchandise inventory is incre
Vikki [24]

Answer:

Merchandise inventory is an asset reported on the balance sheet and represents the cost of products purchased for sale.

Explanation:

Merchandise inventory is the stock of the company and the same is to be reported under the current asset side of the balance sheet also the asset contains normal debit balance. In addition to this, it shows the cost of product buy for sale

Therefore the last option is correct

6 0
3 years ago
A company sold $12,000 worth of bicycles with an extended warranty. it estimates that 2% of these sales will result in warranty
Otrada [13]
I think the answer for your question you have to divide then you get 6,000
7 0
3 years ago
9. With respect to Egor's land, Fig has an easement, Gabe has a profit, and Huck has a license. A right to possess the land is o
Debora [2.8K]

Answer:

Egor.

Explanation:

According to the Landlord-Tenant Law, the right to possess the land is owned by Egor in the given situation.

In the given scenario, Egor has a land, which he has given to Fig as an easement. An easement can be defined as a nonpossessory right to the holder of the property to earn interest on the land, originally owned by someone else. Gabe is earning profit on it and Huck has a license. Regardless of this, Egor still owns the property and has right to possess the land.

Therefore, Egor is the correct answer.

4 0
3 years ago
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in t
inna [77]

Answer:

the direct material cost is $47,000

Explanation:

The computation of the direct material cost is shown below:

= Opening balance + purchase made - indirect material - closing balance

= $22,500 + $68,000 - $2,500 - $41,000

= $47,000

hence, the direct material cost is $47,000

The same should be considered and relevant too

4 0
3 years ago
Which of the following would NOT cause an increase demand for iPhones? Group of answer choices price of comparable Android phone
aliya0001 [1]

Answer:

price of iPhones decreases

Explanation:

A decrease in price increases quantity demanded but does not  increase demand.

iPhones and Android phones are substitute goods.

Substitute goods are goods that can be used in place of another good.

An increase in the price of androids increases the cost of androids. So, consumers would increases their demand for iPhones.

Because iPhone is assumed to be a normal good. An increase in the price of iPhones would increase the demand for the good.

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

Data plans and iPhones are complement goods.

Complementary goods are goods that are consumed togethe  

A decrease in the price of data plans would increase the demand for iPhones.

7 0
3 years ago
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