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ivann1987 [24]
2 years ago
15

A couple of generations ago, a relative of Sophia wanted to share his wealth with family members and decided to open a special b

ank account. The purpose of such financial instrument was to pay out an annuity forever, which would be shared among all family members. Given that the initial deposit was 478,694 dollars and the prevailing interest rate at that time was 5 %, compounded annually, find the value of the annuity this family collects every year.
Business
1 answer:
Varvara68 [4.7K]2 years ago
8 0

Answer:

$23,934.70

Explanation:

Perpetuity (P) Present Value = Deposit = $478,694

Perpetuity annuity value = Deposit * Interest rate

Perpetuity annuity value = $478,694 * 5%

Perpetuity annuity value = $23,934.70

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Caracteristicas profesionales de un instructor
7nadin3 [17]

Answer:

Un instructor es un profesional cuya tarea es la de, como su nombre lo indica, instruir a otras personas respecto de la realización de una actividad, arte o tarea determinada.

Así, por ejemplo, existen instructores de diversas actividades, como vuelo, buceo, entrenamiento personal, etc., los cuales enseñan a las personas a realizar su actividad, supervisando su performance y corrigiendo sus errores, para formar así personas idóneas en el arte o actividad que el instructor domina.

4 0
3 years ago
On January 1, 2018, Jacob Inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truc
Norma-Jean [14]

Answer:

option (D) loss, $3,000

Explanation:

Given:

price of the truck = $48,000

estimated residual value = $8,000

Exchange price of the truck = $60,000

Trade allowance = $35,000

Since, straight line depreciation is given, thus,

Total depreciation = \frac{\textup{48,000−8,000}}{\textup{8}}

or

Total depreciation = $5,000 per year

Therefore,

the book value after two years

= Price of truck - total depreciation in two years

or

= $48,000 − ($5,000 × 2 years)

= $38,000

Now,

a trade allowance received ( i.e $35,000 ) is less than the book value

therefore a loss is recorded

The amount of loss = (Book value - trade allowance received)

or

The amount of loss =  $38,000 - $35,000 = $3,000

Hence, correct answer is option (D) loss, $3,000

5 0
2 years ago
Fancy Furniture produced a batch of 2,000 coffee tables at a cost of $355,000. It was discovered that the entire batch was finis
Law Incorporation [45]

Answer:

b) The $355,000 manufacturing cost of the tables already incurred.

Explanation:

The Business has already incurred this expense in making the coffee tables, this can not be done. Therefore, it does not make sense to consider this when considering whether to complete the

Tables, or sell them as they now are

All other points contribute either directly or indirectly to the decision that the company is about to take in this regard.

So, the correct answer is b

7 0
3 years ago
LO 4.6Why is the manufacturing overhead account debited as expenses are recognized and then credited when overhead is applied?
Klio2033 [76]

Answer:

Explanation:

Manufacturing overhead records all the expenses like salaries payable which come under indirect labor. Manufacturing overhead includes all those indirect costs which are related to the factory-like - factory rent, factory repairs, depreciation on factory equipment, property taxes

For recognized expense, the journal entry would be

Factory overhead A.c Dr

        To Expenses A/c  

(Being expense recognized)

Since the cost is actually incurred so this above entry should be made

And, the journal entry for applied overhead is shown below

Work in progress inventory A/c Dr XXXXX

      To Factory overhead A/c XXXXX

(Being overhead applied is recorded)

Since applied overhead is based on predetermined overhead rate so we credit the factory overhead and debit the work in progress inventory

7 0
3 years ago
"In a distributed system, there is a high level of cooperation and sharing of actions and data maintained by the sites when dete
Arte-miy333 [17]

Answer: Exchanging the messages between site operating systems

Explanation:

 The distributed system is one of the type of computing system in which the various types of multiple elements are basically located on the machines that are specifically used for the communication purpose and this distributed system is basically appear to the user in the form of single system.

According to the given question, the given process is basically accomplished by exchanging the different types of messages between the site OS (Operating system).

 In the given distributed system, the data and the cooperation action is highly maintain by the sites while determining the loaded process. Therefore, The given answer is correct.  

8 0
2 years ago
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