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Lapatulllka [165]
3 years ago
9

Jeannie plans to deposit $6,000 in a money market sinking fund at the end of each year for the next four years. What is the amou

nt that will accumulate by the end of the fourth and final payment if the sinking fund earns 9% interest? (FV of $1, PV of $1, FVA of $1,PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole dollar amount.)
Which of the following statements about annuities are true?
A. The first cash flow of an annuity due is made on the first day of the agreement.
B. The first cash flow of an annuity due is made on the first day of the agreement.
C. The first cash flow of an ordinary annuity is made on the first day of the agreement.
D. The first cash flow of an ordinary annuity is made on the first day of the agreement.
E. The last cash flow of an annuity due is made on the day covered by the agreement.
F. The last cash flow of an annuity due is made on the day covered by the agreement.
G. The last cash flow of an ordinary annuity is made on the last day covered by the agreement.
H. The last cash flow of an ordinary annuity is made on the last day covered by the agreement.
Business
1 answer:
Mnenie [13.5K]3 years ago
5 0

Answer:

A. The first cash flow of an annuity due is made on the first day of the agreement.

G. The last cash flow of an ordinary annuity is made on the last day covered by the agreement.

Explanation:

The computation is shown below:

As we know that

Future value after 4 years is

= Annual deposit  × Cumulative FV factor at 9% for 4 periods of an ordinary annuity

= $6,000 × 4.57313

= $27,439

Therefore the above statements are true and the same is to be considered

Hence, all other statements are incorrect

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Answer:

See explanation

Explanation:

Consider liabilities due within period of more than 12 months for the long-term liabilities section of the balance sheet.

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Which of the following is a challenge faced by developing nations? A. Growing population B. Declining population C. Lack of effo
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What is the diffrence between actual and proposed selling price
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Actual means the real selling price for the product paid by the customer whereas proposed selling price is the price which was suggested to be set for the product.

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3 years ago
Rudy's, Inc. and Blackstone, Inc. are all-equity firms. Rudy's has 1,500 shares outstanding at a market price of $22 a share. Bl
aleksandr82 [10.1K]

Answer:

Merger premium per share is equal to $2

Explanation:

Step 1. Given information.

  • 1500 shares outstanding
  • market price of 22
  • Blackstone has 2.500 shares
  • Outstanding price 38
  • Blackstone acquire Rudy's for $36.000

Step 2. Formulas needed to solve the exercise.

Merger premium per share = (Blackstone acquire Rudy's /shares outstanding) - market price

Step 3. Calculation.

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Step 4. Solution.

Merger premium per share is equal to $2

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The Association of Southeast Asian Nations (ASEAN) effectively united Singapore, Britain, and Japan into one market.
Nezavi [6.7K]

Answer:

False

Explanation:

The Association of Southeast Asian Nations (ASEAN) is a regional economic block made up of 11 southeast Asian countries. The block's primary objectives are to promote economic, cultural, and social integration among the member countries. Members of ASEAN are  Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam.

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