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andreev551 [17]
3 years ago
9

You have just made your first $4,400 contribution to your retirement account. Assume you earn a return of 13 percent per year an

d make no additional contributions. a. What will your account be worth when you retire in 29 years
Business
1 answer:
DENIUS [597]3 years ago
4 0

Answer: $152,309.69

Explanation:

You are looking for the future value of this amount in 29 years assuming it will be compounded annually.

Future value = Amount * (1 + rate)^ number of years

= 4,400 * ( 1 + 13%)²⁹

= $152,309.69

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hich of the following statements is CORRECT? (A) One advantage of corporations is that they avoid double taxation. (B) One advan
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Explanation:

A Limited Liability Company (LLC) has the main advantage of its owners having only a limited liability when it comes to debts and liabilities. This is because the LLC is a bit of a mixture between a partnership and a corporation.

This mix results from the fact that LLCs are formed by partners but their personal assets will be separated from the business like in Corporations which means that in case of default, only the assets they brought into the business will be targeted.

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3 years ago
Expanding businesses often centralize distribution to create more efficient processes.
irina [24]
Hi, the correct answer is true. Hope I helped.
7 0
3 years ago
A certain marble quarry provides a unique type of marble that is richly colored and strikingly veined. It has been used for chur
soldier1979 [14.2K]

Answer:

a. The cost of the marble will be expensive because of the bargaining power of the supplier.

Explanation:

As the marble her provided is only used for the common public buildings and churches. This is basically the best use of the marble, as the quality is high and used in best architecture in the economy.

Therefore, it clearly states the value of marbles, which is generally expected to be high, and as it is used in public buildings the supplier will not allow the purchaser to bargain. This is because the bargain power of the purchaser will be low, and as there is high demand.

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7 0
3 years ago
All of the following are capital assets EXCEPT: 100 shares of UVX stock. A car used by a ride-hail service driver. A fully rente
Bezzdna [24]

Answer:

A fully rented apartment building

Explanation:

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8 0
3 years ago
The Bello Corporation wishes to accumulate $2,000,000 for plant expansion. The funds are required on January 1, 2026. Bello inte
PSYCHO15rus [73]

Answer:

Option a ($325,203) is the right response.

Explanation:

The given values are:

Required Lump sum amount,

= $2,000,000

Future value of an annuity,

= 6.15

Now,

As we know,

The required amount of annual deposit will be:

=  \frac{Required \ lump \ sum \ amount}{Future \ value \ of \ an \ annuity}

On substituting the given values, we get

=  \frac{2,000,000}{6.15}

=  325,203.25

i.e.,

=  325,203 ($)

4 0
3 years ago
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