Answer:
$ 75131
Explanation:
Given:
Amount inherited = $ 300000
Present amount of annuity = $ 300000
Interest rate, i = 8% = 0.08
number of years, n = 5
Now,
the formula for the present amount of annuity is given as:
Present amount of annuity = ![P[\frac{1-(1+i)^{-n}}{i}]](https://tex.z-dn.net/?f=P%5B%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%5D)
where,
P is the periodic payment
n is the number of years
now, on substituting the values, we get
$ 300000 = ![P[\frac{1-(1+0.08)^{-5}}{0.08}]](https://tex.z-dn.net/?f=P%5B%5Cfrac%7B1-%281%2B0.08%29%5E%7B-5%7D%7D%7B0.08%7D%5D)
or
$ 300000 = P × 3.993
or
P = $ 75131.48 ≈ $ 75131
hence, the amount he can withdraw is $ 75131
Answer:
Debit retained earnings for $15.30 million.
Explanation:
As per the data given in the question,
Declaration of common stock dividend indicates no cash payments, only extra shares issued with rate of stock dividend
In this Rick Co. had 30 million shares and Rick Co. declared 1% stock dividend
which means 30 million × 1% = 0.30 million shares issued
Retained earning = (0.30 million × $51)
= $15.30 million
To common stock A/c = (0.30 × $1) = $0.30 million
To capital paid in access A/c = (0.30 million × ($51-$1)) = $15.00 million
( Being stock dividend was issued at 1% )
Hence, Option (d) Debit retained earning for $15.30 million is correct.
What would be the most likely place for it to advertise is: on buses and with signs on parking lots.
<h3>What is Advertisement?</h3>
Advertisement can be defined as the process of creating product awareness to attract customer so as make profit or to generate revenue.
Based on the given scenario the best place to advertise the food is on buses and with sign on parking lots since the restaurant chain has identified day commuters as it target customers doing this will help to persuade this commuter to buy the fast food product.
Inconclusion what would be the most likely place for it to advertise is: on buses and with signs on parking lots.
Learn more about advertisement here:brainly.com/question/1658517
Answer:
Emma Burnley has a wide span of control
Explanation:
Span of control is defined as the number of subordinates that are directly reporting to a manager . It can be narrow or wide depending on the number of reporting employees.
In a situation where a large numbers and layers of employee report to a particular manager , it is called a wide span of control
Employees get more responsibilities with less supervision and get motivated. However , the manager might just get overworked and have trouble making decision.
Answer:
A) a 23.5% decrease in materials
B) a 64% decrease in labor costs
C) a 29.1% decrease in overhead
Explanation:
White Tiger's multifactor productivity = $300 / $148 = 2.027
if we want to increase the multifactor productivity by 12%, it will = 2.27
since we will not change the sales price, we must determine the new total cost:
$300 / cost = 2.27
cost = $300 / 2.27 = $132.16 ≈ $132, which represents a $16 decrease
A) materials ⇒ $16/$68 = 23.5%
B) labor costs ⇒ $16/$25 = 64%
C) overhead ⇒ $16/$55 = 29.1%
