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Kitty [74]
2 years ago
12

The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annu

al deposits of $125,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2030
Business
1 answer:
valentinak56 [21]2 years ago
7 0

Answer:

the fund balance is $1,727,056.25

Explanation:

The computation of the fund balance is shown below:

Given that

PMT = $125,000

NPER  = 10

RATE = 7%

PV = $0

The formula is shown below:

= -FV(RATE,NPER,PMT,PV,TYPE)

After applying the above formula, the fund balance is $1,727,056.25

Here basically the future value formula should be applied

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g On January 2, 2019, Shank Co. issued at par $300,000 of 9% convertible bonds. Each $1,000 bond is convertible into 60 shares.
Softa [21]

Answer:

$1.89.

Explanation:

diluted earnings per share = earnings attributable to common stockholder ÷ weighted average number of common stock holders

                                            = $340,000 ÷ (100,000 + 18,000)

                                            = $1.89

Shank's diluted earnings per share for 2019 would be $1.89.

4 0
2 years ago
All of the following assets will be included as intangible assets on the balance sheet exceptA. patents.B. copyrights.C. investm
Damm [24]

Answer:

investments.

Explanation:

Intangible assets are assets that cannot be physically seen. Example of intangible assets are parents, copyrights, goodwill, trademark etc

I hope my answer helps you

4 0
3 years ago
Qualities of the mind<br><br>​
Pani-rosa [81]
Metta (lovingkindness/friendliness), karuna (compassion), mudita (empathetic joy), and upekkha (equanimity).
8 0
2 years ago
You want to be a millionaire when you retire in 40 years.
Sedaia [141]

Answer:

a. FV = $1,000,000

rate = 9.7%

n = 40 periods

FVIFA = [(1 + 0.097)⁴⁰ - 1] / 0.097 = 407.9960231

annual savings = $1,000,000 / 407.9960231 = $2,451.00

b. FV = $1,000,000

rate = 9.7%

n = 30 periods

FVIFA = [(1 + 0.097)³⁰ - 1] / 0.097 = 155.4306295

annual savings = $1,000,000 / 155.4306295 = $6,433.74

FV = $1,000,000

rate = 9.7%

n = 20 periods

FVIFA = [(1 + 0.097)²⁰ - 1] / 0.097 = 55.35978429

annual savings = $1,000,000 / 55.35978429 = $18,063.65

7 0
2 years ago
Norwing LLC is looking to fill its chief executive officer position as its current CEO will soon be retiring. Norwing receives a
Nikitich [7]

<u>Answer:</u> If Norwing does not hire him because he is an African-American, the company has engaged in ethnic discrimination.

<u>Explanation:</u>

Workplace discrimination is illegal which can be based on race, religion, gender, age, disability, nationality origin etc. Ethnicity discrimination means people are from different groups such as racial, religious linguistic basis.

Norwing LLC  has to only consider the skills and capability of the person to be in chief executive officer position. As Henry is the best-qualified applicant for the job the company has to consider in recruiting him rather than discriminate based on his ethnicity that is African-American or else the company has to face legal consequences.

4 0
3 years ago
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