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
kenny6666 [7]
3 years ago
6

416,000 people each receive an average refund of $3,600, based on an interest rate of 3 percent, what would be the lost annual i

ncome from savings on those refunds
Business
1 answer:
victus00 [196]3 years ago
6 0

Answer:

$44,928,000

Explanation:

The fact that 416,000 received a refund of $3,600 each means that the tax authority would lose the interest income that could have been generated on the total refund amount based on a 3% interest rate of return.

Lost annual income=number of people who got refund*average refund per person*interest rate of return

number of people who got refund=416000

average refund per person=$3,600

the interest rate of return=3%

Lost annual income=416,000*$3,600*3%

Lost annual income=$44,928,000  

You might be interested in
A modified DCF analysis is best for evaluating and selecting the optimal strategic alternative when a company has ___ goal(s) an
Trava [24]

Answer: single; quantitative

Explanation:

The discounted cash flow analysis is a method that is used to determine the value of a project, security, or assets by using time value of money.

The discounted cash flow analysis is used in real estate, investment finance, patent valuation etc. A modified DCF analysis is best for evaluating and selecting the optimal strategic alternative when a company has single goal(s) and quantitative measures.

6 0
3 years ago
There has been extensive research into the time-driven model of leadership. The results include all of the following except ____
fomenos

Answer:

B. managers overuse the autocratic style

Explanation:

There has been extensive research into the time-driven model of leadership. The results include all of the following except managers overuse the autocratic style.

3 0
3 years ago
Mike organizes a group of students upset over the food selection in the cafeteria. He assigns times for students to stand in the
alukav5142 [94]

Answer:

interest group

Explanation:

Based on the information provided within the question it can be said that this is an example of an interest group. This term refers to group of individuals that share a common interest and because of it work in unison in order to influence the government so that they promote and protect that interest. Which in this scenario the group's main interest is on the food selection in the cafeteria, and are working together to influence the organizational entity to change it.

3 0
3 years ago
You have $1200 to invest in a bank account with an interest rate of 5.5%, compounded monthly. After how many years will your acc
nekit [7.7K]
Sick my ppgghf was fever gmyhrr the centnulPimi I’m
8 0
2 years ago
Douglas can afford 240$ a month for five years for a car loan. If the APR is 8.5%, how much can he afford to borrow to purchase
SVETLANKA909090 [29]

Answer:

Douglas can afford 21697.88 to borrow to purchase a car.

Explanation:

As the formula for calculating present value is given as:

PV = PMT * ( (1-(1+r)^-n) / r )

As Douglas can afford 240$ a month for five years for a car loan so

it means that payment = 240 $

As the APR is 8.5% which means after dividing by 12 the rate per month = 8.5%/12

Total number of Months = 5*12

Total number of Months = 60

Putting these values into the above formula, we get

PV = PMT * ( (1-(1+r)^-n) / r )

PV = 240 * ( (1-(1+8.5%/12)^-60) / (8.5%/12) )

PV = 11697.88

As the down payment = 10,000 so the total value of car

= 11697.88+10000

= 21697.88

Douglas can afford 21697.88 to borrow to purchase a car.

8 0
3 years ago
Other questions:
  • The circular flow model of a mixed economy shows _____.
    6·1 answer
  • The following information is provided for each division. Investment Center Net Income Average Assets Cameras and camcorders $ 4,
    5·1 answer
  • The Chinese culture is a tight social framework in which people take care of the members of a broader in group and act loyal to
    10·1 answer
  • The capital structure weights used in computing a company's weighted average cost of capital: Multiple Choice depend upon the fi
    13·1 answer
  • Two important goals for any speech are:
    12·1 answer
  • In a decision to drop a product, the product should be charged for rent in proportion to the space it occupies even if the space
    15·1 answer
  • Use the following information for ECE incorporated: Assets $200 million Shareholder Equity $100 million Sales $300 million Net I
    12·1 answer
  • Guys i want to get me and xugo this hat but ion which hats tho<br> plz help
    6·2 answers
  • Step 5 in the marketing plan process is when a firm ______ the outcome of the strategy and implementation process.
    5·1 answer
  • The administrator may, by order, cancel the registration of a broker-dealer, agent, investment adviser:____.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!