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tangare [24]
2 years ago
6

Entertainer's Aid plans five annual colossal concerts, each in a different nation's capital. The concerts will raise funds for a

n endowment which would provide the World Wide Hunger Fund with $3,000,000 per year into perpetuity. The endowment will be given at the end of the fifth year. The rate of interest is expected to be 9 percent in all future periods. How much must Entertainer's Aid deposit each year to accumulate to the required amount
Business
1 answer:
Finger [1]2 years ago
3 0

Answer: $5,569,758.43

Explanation:

First you need to find the present value of the Perpetuity at the end of the fifth year.

Present value of Perpetuity = Amount / Interest rate

= 3,000,000 / 9%

= $33,333,333.33

Given an interest rate of 9%, Entertainer's aid should deposit an amount per year that would lead to the endowment having $33,333,333.33 at the end of the fifth year.

Future value of annuity = Annuity * Future value of annuity interest factor, 9%, 5 years

33,333,333.33 = Annuity * 5.9847

Annuity = 33,333,333.33 / 5.9847

= $5,569,758.43

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Ivan

When the manager wants to add more client pcs to an office, but there are not enough ports available, a powerline adapter should be added to resolve the issue.

Using the electrical cabling, a powerline adaptor connects your computer to the internet. A powerline adaptor allows you to genuinely benefit from both worlds. Because a powerline adaptor still uses an Ethernet cable, albeit to a lesser extent, it is sometimes referred to as a powerline-Ethernet adaptor. Powerline adapters will function to connect your gaming computer or console to high-speed Internet, but they are not the greatest choice. It is advantageous that powerline adapters have lower latency than Wi-Fi. In contrast to their alternatives, they don't have the same level of dependability or quickness.

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3 0
1 year ago
Rondelle, the manager of a busy hair salon, knows that she needs to entrust many of her tasks to supervisors and other employees
astraxan [27]

Answer: Delegation

Explanation: Delegation in the context above may simply be explained as the process whereby there is a shift in the responsibility of one person to another who will function as a deputy. When an individual usually a superior, who is the actual overseer of a certain process or routine entrusts or handover to another person due to one reason or the other such as tight scheduling or shortage of personnel. In most cases the new handler is usually a lower ranking official in the task such as in the scenario above and as such, the expected rate of output is slightly reduced.

8 0
3 years ago
Presented below is information for Marin Company.
hram777 [196]

Answer:

Debit Accounts Receivable for $104,700; and Credit Sales Revenue for $104,700.

Debit Cash for $85,400; and Credit Accounts Receivable for $85,400.

Explanation:

The (summary) journal entries to record the items noted will look as follows:

<u>Particulars                                   Debit ($)             Credit ($)        </u>

Accounts Receivable                  104,700

Sales Revenue                                                         104,700

<u><em>(To record net sales (all on account) for the year.)                        </em></u>

Cash                                             85,400

Accounts Receivable                                               85,400

<u>(Collections on accounts receivable during the year.)                 </u>

3 0
2 years ago
You are given the three dates shown below. if you add up the year in which each date occurred and the month in which each date o
qwelly [4]
Sorry you need a little more detail for your question.
3 0
3 years ago
Peterson Company purchased machinery for $960,000 on January 1, 2014. Straight-line depreciation has been recorded based on a $6
Molodets [167]

Answer:

198,000

Explanation:

(960000 - 60,000) / 5 = 180k

Deprecation expense = 180,000 x 5 = 720,000

Deprecation expense from January to April = 4/12 x 180000

720 + 75h

4 0
2 years ago
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