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Kitty [74]
3 years ago
7

Dong Wang wants to retire when he has saved $1,500,000. He can make 30 payments of $15,000 each, with each payment made at the b

eginning of the year. What would be the interest rate required to help him achieve his goal
Business
1 answer:
agasfer [191]3 years ago
7 0

Answer: 6.94%

Explanation:

You can use an Excel worksheet to solve for this:

Number of periods = 30

Payment = 15,000 (should be a negative number)

Present value = 0

Future value = 1,500,000

Type = 1 (this shows that it is an annuity due because payments are at the beginning of the year).

Rate = 6.94%

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Which services would a charitable organization provide? Check all that apply. preserving waterways operating a city aquarium ope
Anni [7]

Answer:

preserving waterways

operating a city aquarium

opening an animal shelter

Explanation:

edge 2020

7 0
3 years ago
Many investment advisors argue that after stocks have declined in value for 2 consecutive years, people should invest heavily be
Serhud [2]

Answer: Yes it does

Explanation:

The investment advisors say that the market rarely declines three years in a row.

Since 1872, it has declined two years in a row 8 times and three years in a row, only twice.

This means out of 8 times, it declined twice. Percentage of times it declined was:

= 2 / 8 * 100%

= 25%

25% while not rare, is a good enough percentage to trust the advice of the investment advisors.

6 0
2 years ago
Consultant Co. is in the business of public relation consulting. The firm has two units: Government (working with various levels
Leto [7]

Answer: See attachment

Explanation:

a. Based on the information in the attachment, the indirect costs that's allocated to the units will be:

Government = 450,000

Corporate = 750,000

The expected revenue that can be generated from the government unit will be:

= 495,000 × (100% + 15%)

= 495,000 × 1.15

= $569250

b. Based on the information given, the indirect costs that's allocated to the units will be:

Government unit = 360,000

Corporate unit = 840,000

The revenue from the government will be:

= 405000 × (100% + 15%)

= 405000 × 115%

= 405000 × 1.15

= $465750

c. If the firm chooses total hours worked as the cost driver, the indirect costs be allocated to the two units as:

Government = 400,000

Corporate unit = 800,000

Revenue from government will be:

= 445000 × 115%

= 445000 × 1.15

= $511750

Check attachment for further explanation.

6 0
2 years ago
A marketing plan includes this marketing objective: "Create positive feelings about our brand." What is the main problem with th
Nesterboy [21]

c. It is not specific and measureable.

i hoped this helped


7 0
3 years ago
Read 2 more answers
alderwood estimates bad debt expense assuming that 1.5% of credit sales have historically been uncollectible. what is the balanc
gladu [14]

After accounting for bad debt expense, the remaining amount in the allowance for doubtful accounts is $7,950.

<h3>What is bad debt?</h3>

Bad debt, sometimes referred to as uncollectible accounts expense, is a sum of money owed to a creditor that is unlikely to be paid and for which the creditor is not willing to take action to collect for a variety of reasons, frequently due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency. Depending on accounting practices, regulatory considerations, and the institution provisioning, there are many technical definitions of what a bad debt is. Bank loans in the USA are referred to as "problem loans" if they are more than 90 days overdue. Accounting sources recommend deducting the entire amount of a bad debt from profit and loss or from a provision for bad debts as soon as it is anticipated.

To learn more about bad debt, visit:

brainly.com/question/28138659

#SPJ4

7 0
1 year ago
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