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andreyandreev [35.5K]
3 years ago
11

Good Guy Foods wants to establish a trust fund that will provide $125,000 in scholarships each year for needy students. The trus

t fund is expected to earn a fixed 7.25 percent rate of return. How much money does the firm need to contribute to the fund assuming that only the interest income is to be distributed? a. $1,687,450 b. $1,478,023 c. $1,333,333 d. $1,724,138
Business
1 answer:
andrew-mc [135]3 years ago
5 0

Answer:

Good Guy Foods

The amount that the firm needs to contribute to the fund, assuming that only the interest income is to be distributed is:

d. $1,724,138

Explanation:

a) Data and Calculations:

Distributable Trust Fund = $125,000

Rate of interest or return = 7.25%

The distributable trust fund is a product of total trust fund multiplied by the rate of return.

The total trust fund = $125,000/7.25%

= $125,000/0.0725

= $1,724,138

Check:

7.25% of $1,724,138 = $125,000

b) Good Guy Foods needs to contribute $1,724,138 in funds that will earn 7.25% annually and equal the scholarship amount of $125,000 annually.

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Which of the following charitable contributions is not tax deductible?a. Cash donated to a qualified church.b. Clothing donated
Lana71 [14]

Answer:

e. All of the above are tax deductible.

Explanation:

As per IRS time or service donated is not tax deductible.

4 0
3 years ago
MBO works by objectives moving through the organization; that is, top managers set general organizational objectives, which are
Marina CMI [18]

Answer:

Cascade down.

Explanation:

MBO means Management by Objectives.

Is a program that encompasses:

-specifict goals

-participatetively set

-for an explicit time period

-with feedback on goal progress

MBO operationalizes the concept of objectives by devising a process by which objectives cascade down through the organization.

The result is a hierarchy of objectives that links objectives at one level to those at the next level.

For individual employee, MBO provides specific personal performance objectives.

The cascade down of objectives is:

1 Overall organizational objectives

2 Divisional objectives

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4 Individual objectives

4 0
3 years ago
If a donut shop sells a dozen donuts for $6.00, what would the cost of 9 donuts be at the same rate?
larisa86 [58]
To solve this question, first we need to find out the price of a single donut.

12 donuts = $ 6.00
1 donuts = $6.00 / 12

1 donuts = $ 0.50

After that, we just need to multiply the price for a single donut with the required amount (9), which will be:

9 x $ 0.50 = $ 4.50 . . . . for 9 donuts



3 0
3 years ago
Andalus Furniture Company has two manufacturing plants, one at Aynor and another at Spartanburg. The cost in dollars of producin
Bad White [126]

Answer:

9 in Aynor and 31 in Spartanburg

Explanation:

we need to build the following:

    A              B           C

           units    COST

Aynor          9           =93 + 80*B2 + POWER(B2;2)*7

Spartanburg 31           =147 + 20*B2 + POWER(B2;2)*3

             =b2 + b3   = c2 + c3

We stablish that we want to minimize c3

changing cell b2 and b3

with the restriction that must be integer solution and b4 should equal 40

5 0
3 years ago
Ed is a 30 year old veterinary technician. Physical exam reveals a height of 5 foot 9 inches, and a weight of 210 pounds. Accord
lianna [129]

Answer:

BMI = 31.18 kg/m²

According to BMI, this patient is diagnosed as Obese.

Explanation:

BMI known as body mass index is taken from a person height and weight. BMI is a person's weight in kilograms divided by the square of height in meters. BMI is usually expressed in kg/m².

Mathematically ,

BMI = weight(kg)/height(m²)

we have to convert the weight and the height to the required units.

converting pounds to kg

2.2 pounds = 1 kilogram

210 pounds = ?

cross multiply

210/2.2 = 95.50 kilograms

converting foot to inches and to meter.

1 foot = 12 inches

5 foot = ?

12 × 5 = 60 inches

60 inches + 9 inches = 69 inches

1 inches = 0.0254 meters

69 inches = ?

69 × 0.0254 = 1.7526  meters

using the formula

BMI = weight(kg)/height(m²)

BMI = 95.50/(1.75)²

BMI = 95.50/3.0625   kg/m²

BMI = 31.1836734694  kg/m²

BMI = 31.18 kg/m²

6 0
3 years ago
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