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skad [1K]
3 years ago
9

Felipe's grandparents have given him $1,500.00 to invest while he is in college to begin his retirement fund. He will earn 2.3%

interest, compounded annually. What will his investment be worth at the end of 4 years.
Business
1 answer:
deff fn [24]3 years ago
8 0

Answer:

$1,642.83

Explanation:

The amount after four years can be calculated using the formula below

A = P(1 +r)^n

where A= amount

P = Principal amount $1500

r= interest 2.3% or 0.023

n = time in year; 4

A = $1500(1 + 0.023)^4

A= $1500(1.023)^4

A=$1500x 1.095222

A=$1,642.83

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he Presley Corporation is about to go public. It currently has aftertax earnings of $7,000,000, and 2,000,000 shares are owned b
Inessa [10]

Answer:

Missing question is "<em>a. Compute the net proceeds to the Presley Corporation. (Do not round intermediate calculations and round your answer to the nearest whole dollar.) Net proceeds </em>

<em>b. Compute the earnings per share immediately before the stock issue. (Do not round intermediate calculations and round your answer to 2 decimal places.) Earnings per share</em>

<em>c. Compute the earnings per share immediately after the stock issue. (Do not round intermediate calculations and round your answer to 2 decimal places.) Earnings per share "</em>

a. Net proceeds = Shares issued * Share price*(1-0.04) - Direct cost

Net proceeds = 500,000 * $25*(1-0.04) - $250,000

Net proceeds = 500,000*$24  - $250,000

Net proceeds = $12,000,000 - $250,000

Net proceeds = $11,750,000

b. EPS = Earnings / Shares

EPS = $7,000,000 / 2,000,000 shares

EPS = $3.50 per share

c. EPS = After tax earnings / Total shares

EPS = $7,000,000 / (2,000,000 + 500,000)

EPS = $7,000,000 / 2,500,000 shares

EPS = $2.80 per shares

3 0
3 years ago
What type of control focuses on measuring a company’s products territories, customer groups, segments, trade channels, and order
suter [353]
The right answer for the question that is being asked and shown above is that: "Activity." The type of control focuses on measuring a company’s products territories, customer groups, segments, trade channels, and order sizes to help expand or eliminate any products or marketing activities is called the <span>Activity </span>
7 0
3 years ago
Communication with the public and employees should be overseen by the director of PR. The duties of the crisis team should be di
Veseljchak [2.6K]

Answer: The third option (option C) is the right answer.

Explanation:

The paragraph which has the best coherence is option C. This is because in the case of the third option, it explains that the flow of ideas is constant from one sentence to another.

The first sentence serves as an introduction which talked about the reasons why duties should be divided based on each member’s expertise. The sentences moved smoothly and also logically from one sentence to another sentence. An example is the sentence that “if your company does not have a public relations executive…..”. This should logically proceed the sentence that says that communication ought to be overseen by the director of PR.

This shows that the third option possesses a consistent and logical train of thought as well.

3 0
3 years ago
Jane works in the maintenance department, which supports the production department and the research department. Jane's wages are
valina [46]
<h2>Direct to the maintenance department</h2>

Explanation:

Jane here works only in the Maintenance department. The work that he does supports both Production as well as Research. We can calculate the expenses, only by associating the department of the employee.

So, the wages should be directly associated to the maintenance department only.

We cannot add one cost to multiple department and it is not the right approach of accounting system. So the below becomes invalid.

<em>Indirect to the production department Direct to the research department Direct to the production department Indirect to the research department</em>

3 0
3 years ago
A corporation issued 8% bonds with a par value of $1,000,000, receiving a $20,000 premium. On the interest date 5 years later, a
Mrac [35]

Answer:

$22,000 gain.

Explanation:

Please see attachment

3 0
3 years ago
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