1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ruslelena [56]
3 years ago
5

calculator solutionvChang is investing $2,500 today and will do so at the beginning of each of the next six years for a total of

seven payments. If her investment can earn 12 percent annually, how much will she have at the end of seven years
Business
1 answer:
rewona [7]3 years ago
3 0

Answer: $28,249.25

Explanation:

As the payments are constant, this represents an annuity. Also, as the payment is made at the beginning of every period, it is an Annuity Due.

The value of the end of the 7 years is the future value of the annuity due which is found by:

= Annuity * Future value factor of an annuity, 7 years, 12%

= 2,500 * 11.2997

= $28,249.25

You might be interested in
On January 1, 2021, Laramie Inc. acquired land for $6.2 million. Laramie paid $1.2 in cash and signed a 6% note requiring the co
stepladder [879]

Answer:

The amount Laramie should record the purchase of land is <u>$6.2 million</u>.

Explanation:

The costs of a fixed asset refer to the purchase price and other relevant costs which are incurred in order to the location and working condition required to operate the fixed asset in way that it is intended.

The other relevant costs that are added to the purchase price to arrive at the cost of the fixed assets include professional fees, non-refundable taxes or levies, and among others.

If any trade discount or rebate is given, this will be deducted from the purchase price to arrive at the cost.

Any interest required to be paid on the delayed payment in order to reflects the time value of money are not part of the cost of the asset but expensed in the year they are incurred.

From the question, the land acquired is a fixed asset. Based on the explanation above, the total cost of the asset is $6.2 million. The interest from the 6% interest rate on the remaining $5 million will be part of the cost of the land but it will be expensed in the year they are incurred.

Therefore, the amount Laramie should record the purchase of land is <u>$6.2 million</u>.

6 0
3 years ago
Your employer emailed a question and to all employees to gather data on employee satisfaction what type of research is your comp
Dovator [93]

Answer:

Primary

Explanation:

8 0
3 years ago
________ consist(s) of employees representing various functions of the company, such as R&amp;D, design, production, marketing,
zubka84 [21]

Answer:

Cross functional teams

Explanation:

Cross functional teams is the term which is defined as the groups which are made up of the people from the different functional areas within the company or firm such as the human resources, marketing, sales, customer service and distribution.

Under this teams are effective as each member could address the business decision from different view points.  

Therefore, the cross functional teams are the one which compromise of the employees stating the various company functions.

7 0
3 years ago
8. Which NIMS Management Characteristic allows units from diverse agencies to connect, share information, and achieve situationa
oee [108]

Answer: Integrated Communications Unit

Explanation:  The Integrated Communications Unit is one of the NIMS characteristics that  allows units from diverse agencies to connect, share information and achieve situational awareness.

The Integrated communications unit includes:

1. The “hardware” systems that transfer information.

2. Planning for the use of all available communications frequencies and resources.

3.The procedures and processes for transferring information internally and  externally.

Communications needs for large incidents may exceed available radio frequencies. therefore, other communications resources like cell phones or secure phone lines can be the only communications methods used to coordinate communications and to transfer large  amounts of data effectively.

5 0
3 years ago
Calculate the firm’s WACC (using 2018 numbers). (You will need to collect information on the long-term debt and common stock equ
tester [92]

Answer:

Before tax cost of debt is 7.12%

After tax cost of debt is 4.27%

Cost of equity is 10%

Explanation:

The before-tax cost of debt can be determined using excel rate formula as found below:

=rate(nper,pmt,-pv,fv)

nper is the number of semiannual payments the bond has i.e 20*2=40

pmt is the amount of semiannual payment=$1000*7.5%*6/12=$ 37.50  

pv is the current price =$1000*104%=$1,040.00  

fv is the face value of $1000

=rate(40,37.50,-1040,1000)=3.56%

The 3.56% is semiannual yield, hence 7.12% per year (3.56%*2)

After-tax cost of debt=7.12%*(1-t) where is the tax rate of 40% or 0.4

after-tax cost of debt=7.12%*(1-0.40)=4.27%

Cost of equity is determined using the below CAPM formula:

Ke=Rf+Beta*(Mr-Rf)

Rf is the risk free rate of 4%

Beta is 1.2

Mr is the market return of 9%

Ke=4%+1.2(9%-4%)=10.00%

7 0
3 years ago
Other questions:
  • Which of these would most likely cause an increase in the price of an item?
    14·1 answer
  • Sam and Ann Hoyt filed a joint federal income tax return for the calendar year 2019. Among the Hoyts’ cash receipts during 2019
    10·1 answer
  • As an advertising manager of a company, you have been asked to write a proposal stating why the company should advertise and it'
    15·1 answer
  • 1. On January 1, 2018, Golden Company purchased a delivery truck for $64,000. The van was estimated to have a 5-year useful life
    13·2 answers
  • Your proforma income statement shows sales of $1,033,000, cost of goods sold as $503,000, depreciation expense of $103,000, and
    10·1 answer
  • Nu-Tek has preferred stock outstanding that pays a cumulative $1.50 dividend per quarter. This company has not paid any of its d
    9·1 answer
  • An inexperienced accountant for Riverbed Corp showed the following in the income statement: income before income taxes $258,000
    13·1 answer
  • One of the themes that came out of the survey responses is that employees take their responsibility of serving fresh, hot food q
    5·1 answer
  • rialto company collected $5,000 on account. what impact will this transaction have on the firm's current ratio
    7·1 answer
  • The farm always comes_______. This is something many feel the general public does not understand unless they came from a farm.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!