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Charra [1.4K]
3 years ago
6

The cost of replacing part of a cell phone videochip production line in 6 years is estimated to be $500,000. At an interest rate

of 14% per year, compounded semiannually, the uniform amount that must be deposited into a sinking fund every 6 months is closest to: ( a ) $21,335 ( b ) $24,825 ( c ) $27,950 ( d ) $97,995
Business
1 answer:
RUDIKE [14]3 years ago
3 0

Answer:

( c ) $27,950

Explanation:

The computation of the uniform amount that should be deposited is shown below:

= Accumulated sum of amount × (A/F, 14% ÷ 2,  2 × 6)

= $500,000 × (A/F, 7%, 12)

= $500,000 × 0.0559

= $27,950

hence, the amount that should be deposited is $27,950

Hence, the correct option is c. $27,950

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

And, the same is to be considered

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Carol Beal is the export manager at Gudrun Sjoden USA, a licensed distributor for a Swedish designer. Carol has North America an
cupoosta [38]

Answer:

a. The buyer would cover all shipping and insurance costs and assume the risk at the factory door.

Explanation:

According to the given situation the exworks means that the seller fulfill his duty for delivering the goods when the goods are available at his place i.e. works, factory or warehouse to the buyer. Also the buyer would responisble to bear all the cost and the risk involved while taking the goods from the seller place to the final destination

Hence, the option a is correct

7 0
3 years ago
Ralph is a professional football player. He signs a valid contract with the Jets. Later, the Giants offer him more money, so he
svetoff [14.1K]

Answer:

C. The court will issue a preliminary injunction barring Ralph from playing with any team other than the Jets during the course of the lawsuit.

Explanation:

Signing a contract means that both the offering and the accepting parties are agreeing over the particular protocols. Offer, acceptance, and consideration are the important aspects of the contract. The acceptance of both parties over the same norms is the most essential part of the contract.

In the above situation, Ralph has violated the agreed contract with the Jets. He went forward and signed another contract with Giants. This action of Ralph was a strict violation of the contract agreed on by Ralph and Jets.  According to the judicial proceedings, Ralph was ordered to obey the contract and was barred from playing with any other team.

7 0
3 years ago
Stanley deposits $1,000 into a savings account that pays 1% interest per year. At the end of the first year, he's earned $10 in
77julia77 [94]

Answer:

$1000

$1010

Explanation:

The formula for determining simple interest = principal x time x interest rate

The formula for determining compound interest = future value - amount invested

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

1000 X 0.01 X 1 = $10

Given the figures in the question, the simple interest each year would be $10 based on $1000

But the compound interest in year 2 = 1000 x (1.01)^2 = 1020.10

1020.10 - 1000 = 20.1

compound interest in year 2 = 20.1 - 10 = 10.1

or

1010 x 0.01 x 1 = 10.1

7 0
3 years ago
A characteristic of FICA is that:
stepladder [879]

Answer:

The correct answer is letter "A": None of these.

Explanation:

The Federal Insurance Contributions Act (FICA) is a U.S. law that requires a paycheck deduction to be paid to Social Security and Medicare. Employers and employees share half the payments. Self-employed people are responsible for the entire tax amount.

8 0
3 years ago
If Joe were to introduce himself as Dr. Early to sell to Gensol, knowing that people would assume that he was a medical doctor,
valentina_108 [34]

Answer:

C

Explanation:

Yes if he is giving his opinions on Gensol just to increase the sales and he is not a medical doctor, and people will assume that he is, then he will enter in fraudulent activity. Obviously this is not a criminal offense but its not ethical.

Just to increase sales he must not introduce himself as doctor of anything, considering the fact that people will consider him medical doctor and rely on his opinion. Its purely unethical and immoral.  

3 0
3 years ago
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