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GalinKa [24]
3 years ago
8

If a landowner purchased a vacant lot six years ago for $25,000, assuming no income or holding costs during the interim period,

what price would the landowner need to receive today to yield a 10% annual return on the land investment?
a. $40,262.75.
b. $41,132.72.
c. $44,289.03.
d. $64,843.563.
Business
1 answer:
WITCHER [35]3 years ago
3 0

Answer:

c. $44,289.03

Explanation:

Given that: present value = $25000, rate = 10%, n = 6 years. Then the future value can be determined by:

FV = PV(1+r)^{n}

where: FV is the future value, PV is the present value, r is the rate and n is the number of years.

So that:

FV = 25000(1 + 0.1)^{6}

    = 25000(1.1)^{6}

    = 25000 x 1.771561

    = 44289.025

FV = 44289.03

The price that the landowner would receive today is $44,289.03.

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Sneed Corporation issues 12,700 shares of $49 par preferred stock for cash at $63 per share. The entry to record the transaction
hichkok12 [17]

Answer:

Dr Cash 800,100

    Cr Preferred stock 622,300

    Cr Additional paid in capital, preferred stock 177,800

Explanation:

Preferred stocks and common stocks are part of stockholders' equity. Whenever they are sold above par value, the difference must be recorded as additional paid in capital. You must also specify which stocks were sold at a higher value.

4 0
3 years ago
Ellen has entered all of her monthly expenses. She needs to create a formula that will deduct her monthly expenses from her mont
Naily [24]

Answer:

absolute reference

Explanation:

Based on the information provided within the question it can be said that in this scenario  she uses an absolute reference to identify the cell containing the income value. This refers to an actual fixed location within an excel sheet, and it is usually locked so that the rows and columns associated with it won't change when it is copied.

4 0
3 years ago
External processes targeted in competing on analytics consist of:____.A. Human Resource Management.B. Customer Relationship Mana
Hatshy [7]

Answer:

B. Customer Relationship Management (CRM).

Explanation:

Customer relationship management refers to managing a relationship with the customer by providing them excellent products and servcies at reasonable cost in order to build a trust, provide them maximum satisfaction so that the company could able to generate maximum share in the market place. Also it should be more focused to attain competitive advantage

Therefore according to the given situation, the option B is correct

4 0
3 years ago
Tony, age 15, is claimed as a dependent by his grandmother. During 2019, he had interest income from Boeing Corporation bonds of
lidiya [134]

Answer: d.$1,800 – $1,150 = $650

Explanation:

In 2019, the IRS listed that a Dependent who is claimed by another tax payer ( Tony's Grandmother) can have a tax deduction of $1,100, or their earned income plus $350 depending on which is higher.

Tony's earned income is $800 from his part-time job so his deduction is $1,150 (800 + 350) as this is higher than $1,150.

His tax is therefore,

= Unearned Income + Earned Income - Deduction

= 1,000 + 800 - 1,150

= 1,800 - 1,150

= $650

6 0
3 years ago
Can someone help me with my recent question please
Arisa [49]

THE QUESTION:

You have been put in charge of the taxation of the Mars colony. You need to decide how to tax the citizens of the colony.Will you institute a progressive, regressive, or a flat tax on income? Will you institute excise taxes? If yes, what goods and services will you tax and why? Will you institute sales taxes, property taxes, or VAT on goods?

Explanation:

I am not good at these terms, but

I would not use a flat tax, as I know that it would make lot's of people's life harder, from the middle class, to lower class, that might put people in financial struggles. Instead, I would charge different taxes on people, judged on their income. That would help lot's, and would be a good deed. Also, I will also use property taxes, because most of the time, if you didn't have money to spare, you wouldn't spend it on a house, right? I might have sale taxes, which I would say depends on how much I need as a government on MaRs! :|)

6 0
3 years ago
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