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kondor19780726 [428]
3 years ago
10

Jose graduated in engineering 5 years ago. Hisemployer will give him a raise of $10,000 per yearif he passes the PE exam (Profes

sional Engineer).(a) Over a career of 35 years, what is the presentworth of the raise if the interest rate is 8%
Business
1 answer:
Verdich [7]3 years ago
3 0

Answer:

$116,545.68

Explanation:

The first step is to find the future value of the annuity

The formula for calculating future value = A (B / r) B = [(1 + r)^n] - 1

[(1.08)^35 - 1 ] / 0.08 = 172.316804

172.316804 X $10,000 = $1,723,168.04

The second step is to calculate the present value

PV = FVx ( 1 + r)^-n

= $1,723,168.04 x(1.08)^-35 = $116,545.68

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Which of the following best describes why German firms were nationalized after World War II?
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Answer:

<u>D. Happenstance.</u>

Explanation:

The fact that German firms were nationalized has often been regarded as mere happenstance; meaning it just occurred based on the circumstances they were in immediately after World War II.

It thus encompasses several factors such as the cost of operations, changes in government, etc, not just one factor.

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Ordering a mocha latte and paying for it from the starbucks smartphone app is using what type of internet commerce?
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6 0
2 years ago
Norton, Inc. has the following information available for September 2020.
bulgar [2K]

Answer: See explanation

Explanation:

a. Prepare a CVP income statement that shows both total and per unit amounts.

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Per unit. Total

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Contribution margin. 120 60,000

Fixed expense. 48,000

Net operating Income. 12,000

b. Compute Norton's breakeven in units.

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c. Prepare a CVP income statement for the break-even point that shows both total and per unit amounts.

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Per unit. Total

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3 0
3 years ago
The Equal Employment Opportunity Act gave the Equal Employment Opportunity Commission the authority to:
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issue guidelines for employer conduct in administering equal employment opportunity programs.

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