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k0ka [10]
3 years ago
12

Say Mary would like to create a scholarship for $2,500 per year at ECU in her family's name. If the money market rate where the

corpus will be placed to earn interest is 5.5% and if the inflation rate is 4.0%, how much will she have to donate?
Business
1 answer:
Furkat [3]3 years ago
4 0

Answer:

the amount that she have to donate is $166,666.70

Explanation:

The computation of the amount that she have to donate is shown below:

Donation amount is

= Annual scholarship ÷ (interest rate - inflation rate)

= $2,500 ÷ (5.5% - 4.0%)

= $2,500 ÷ 1.5%

= $166,666.70

hence, the amount that she have to donate is $166,666.70

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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In the Trial Balance:
Mariana [72]

Answer:

Option A

Explanation:

  • Debit is for increasing expenses and assets
  • Where as credit decreases them.

As per Newtons third law every action has a equal and opposite reaction

  • So every debit have a equal credit in trial balance.

Opt A is correct

6 0
2 years ago
Land originally purchased for $28,390 is sold for $74,057 in cash. What is the effect of the sale on the accounting equation
Elodia [21]

There is no effect on the accounting equation.

<h3>What is accounting equation?</h3>

Accounting equation is the one which states that a company's total assets are equal to the sum of its liabilities and its shareholders' equity.

Assets = owner's equity + liability

The above means that land is not depreciated, therefore assets decrease (-land) but also increase (+cash).

The elements of accounting equation are :

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Learn more about account equation here: brainly.com/question/24401217

8 0
2 years ago
The number of births in a population in a certain amount of time is the
amid [387]
The number of births in a population in a certain amount of time is the birth rate
8 0
3 years ago
Read 2 more answers
Saturn Industries purchased and consumed 64,000 gallons of direct material that was used in the production of 17,000 finished un
Nikitich [7]

Answer:

The actual price = $1.08

Explanation:

The standard material price can be worked out as follows:

<em>Step 1: Work out the standard price of material  using the material usage variance</em>

Standard price = Material usage variance/(standard quantity of material - actual quantity)

Standard quantity of material = standard qty per unit × actual production

                                              = 4 × 17,000 =68,000

Standard price =  2,800/(68,000-64,000)= $0.7

<em>Step 2 : Work out the Actual material price using the material price variance</em>

Material price variance = (Standard price - Actual price )× Actual quantity of material

6,400 =  (y - 0.7) ×  17,000

6400 = 17,000y  - 11,900

17,000 y = 6,400 + 11,900

y = 18,300/17,000= 1.08

The actual price = $1.08

5 0
3 years ago
A nonprofit agency sets up a website to channel investments from all over the globe into microloans to support local farms, arti
ziro4ka [17]

Answer: Under the given circumstances , the following would be a positive externality for the global environment:<em><u> </u></em><u><em>Fewer people move from rural to urban areas, reducing urban sprawl.</em></u>

Urban sprawl can lead to several negative externalities such as : pollution, exploitation of natural resources at an exponential rate, unemployment etc.

Therefore, if fewer people move from rural to urban areas, this will reduce urban sprawl and further every other negative externality associated with it.

<u><em>The correct option is (A)</em></u>  

3 0
3 years ago
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