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UkoKoshka [18]
2 years ago
15

Monica wants to sell her share of an investment to Barney for $150,000 in 6 years. If money is worth 6% compounded semiannually,

what would Monica accept today?
Business
1 answer:
prohojiy [21]2 years ago
3 0

Answer:

PV= $105,206.99

Explanation:

Giving the following information:

Future Value (FV)= $150,000

Number of periods= 6*2= 12 semesters

Interest rate= 0.06/2= 0.03

<u>To calculate the present value (PV), we need to use the following formula:</u>

PV= FV/(1+i)^n

PV= 150,000 / (1.03^12)

PV= $105,206.99

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The tax agency fund of Hardin County collected $1,000,000 for a school district, $5,000,000 for the county General Fund, and $50
rewona [7]

Answer:

$1,500,000

Explanation:

County receives funding from numerous sources. County has no control to introduce new taxes or increasing current taxes, except for property tax.

Given:

County collected for a school district = $1,000,000

County for General Fund =  $5,000,000

For town located in the County = $500,000

Hardin County Agency Fund = County for school + County for a town

= $1,000,000 + $500,000

= $1,500,000

4 0
3 years ago
PLEASE HELP ME
Olin [163]

Answer:

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Explanation:

6 0
3 years ago
flextime means that the employee has complete control over their work hours and can work anytime of the day or night for as many
xxMikexx [17]

A work arrangement known as "flextime," or "flexible time," gives employees control over when they begin and end their workdays.Flextime gives workers a chance to better manage their time as they strive for a better work-life balance.

Flexible scheduling, also known as flextime, is a type of work schedule that lets employees set their own hours of operation within predetermined parameters. Periodic basis; negotiated the times of start and finish. shortened workweek.

What policy governs flextime?

A schedule known as flex time, flextime, or flexible time allows employees to alter the beginning and end times of their workdays. An employee can adjust their schedule in response to life events like doctor's appointments with flextime. The employer is entirely in charge of flextime.

Learn more flextime here:

brainly.com/question/26614549

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6 0
1 year ago
scenario below is safe or unsafe: You choose to store materials by stacking them in tiers, but do not secure them by stacking, r
V125BC [204]
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3 0
3 years ago
Yale Corporation issued to Zap Corporation $48,000, 8% (cash interest payable semiannually on June 30 and December 31) 10-year b
tino4ka555 [31]

Answer:

Yale Corporation

Journal Entries:

a. January 1, 2020:

Debit Cash $44,878

Debit Premium on bonds $3,122

Credit 8% Bonds Payable $48,000

To record issuance of the bonds.

b. June 30, 2020:

Debit Interest Expense $2,020

Credit Bond Discounts $100

Credit Cash $1,920

To record the first payment of interest.

Explanation:

a) Data and Calculations:

January 1, 2020:

Face value of bonds = $48,000

Price of bonds =           $44,878

Discounts on bonds =    $3,122

Coupon interest rate = 8%

Interest payment = semiannually on June 30 and December 31

Maturity period = 10 years

Effective interest rate = 9%

June 30, 2020:

Interest Expense      $2,020 ($44,878 * 4.5%)

Cash payment             1,920 ($48,000 * 4%)

Discount amortization $100

Value of Bonds =   $44,978 ($44,878 + $100)

December 31, 2020:

Interest Expense      $2,024 ($44,978 * 4.5%)

Cash payment             1,920 ($48,000 * 4%)

Discount amortization $104

Value of Bonds =   $45,082 ($44,978 + $104)

N (# of periods)  20

I/Y (Interest per year)  9

PMT (Periodic Payment)  1920

FV (Future Value)  48000

Results

PV = $44,878.10

Sum of all periodic payments $38,400.00

Total Interest $41,521.90

4 0
3 years ago
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