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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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The national economic forecast for the next two years prepared by the staff of the Board of Governors is published in the
Vlad1618 [11]

Answer:

Green book.

Explanation:

The Federal Reserve System (the 'Fed) was created by the Federal Reserve Act, passed by Congress in 1913. The Fed began operations in 1914. It was founded by President Woodrow Wilson under the Federal Reserve Act, which was aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.

The following are functions of the Federal Reserve;

1. Maintaining federal government checking accounts and gold.

2. Maintaining and circulating currency.

3. Being the lender of last resort for banks.

The Federal Reserve System comprises of twelve (12) Federal Reserve Bank regionally across the United States of America and seven (7) board of governors.

A green book can be defined as a book used by the Federal Reserve Board of Governors to project economic indices and factors with respect to the economy of the United States of America. The Federal Reserve Board of Governors produces it before each meeting organized by the Federal Open Market Committee (FOMC).

Hence, the national economic forecast for the next two years prepared by the staff of the Board of Governors is published in the green book.

3 0
3 years ago
Happy Home Products produces detergents, toothpaste, bar soap, disposable diapers, and paper products. This company has a produc
ELEN [110]

Answer:

Width

Explanation:

According to my research on the different terminology used by Retail companies in manufacturing, I can say that this company (Happy Home Products) has a product width of five lines. Product Width is defined as the number of separate product lines offered by a certain company. In the case of Happy Home Products the product width would be detergents, toothpaste, bar soap, disposable diapers, and paper products.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
The government has set a price floor on bread. Manufacturers cannot sell loaves for less than $5.00, which is a dollar above the
Ber [7]
Draw the supply/demand curve. The line is above market equilibrium....the question literally states that the price rises, and since the supply curve has a positive slope (assuming unit elasticity), the supply will increase. Meanwhile, the demand curve has a negative slope (still assuming unit elasticity), so the demand for it will decrease. This will result in a surplus, aka, an excess supply.
7 0
4 years ago
1. The Sherman and Clayton Acts The Clayton Act of 1914 classifies several business practices as illegal, including price discri
labwork [276]

Answer: Antitrust law

Explanation:

The Clayton Antitrust Act of 1914, was a part of the United States antitrust law with the aim of adding further substance to the United States antitrust law regime.

The Clayton Act was to prevent anticompetitive practices. It was enacted in 1914 with the objective of strengthening Sherman Antitrust Act. When Sherman Act was enacted in 1890, the regulators realized that that the act had some weaknesses which made it impossible to prevent anti-competitive practices in businesses so the Clayton Act addressed the issue.

6 0
3 years ago
XYZ Inc. pursues a low-cost strategy in its industry and generally needs lower skilled employees. As a result, their management
Darya [45]

Answer:

B) market lag

Explanation:

Every profession usually has an average remuneration price, which is considered the market price. Some companies seeking more skilled workers offer compensation above market salary, others, such as the low-cost company XYZ, offer salaries below market level. This strategy is called a market lead. Companies with market lead policies often have higher employee turnover, as finding a higher-paying job tends to change jobs.

8 0
4 years ago
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