Answer:
$ 75131
Explanation:
Given:
Amount inherited = $ 300000
Present amount of annuity = $ 300000
Interest rate, i = 8% = 0.08
number of years, n = 5
Now,
the formula for the present amount of annuity is given as:
Present amount of annuity = ![P[\frac{1-(1+i)^{-n}}{i}]](https://tex.z-dn.net/?f=P%5B%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%5D)
where,
P is the periodic payment
n is the number of years
now, on substituting the values, we get
$ 300000 = ![P[\frac{1-(1+0.08)^{-5}}{0.08}]](https://tex.z-dn.net/?f=P%5B%5Cfrac%7B1-%281%2B0.08%29%5E%7B-5%7D%7D%7B0.08%7D%5D)
or
$ 300000 = P × 3.993
or
P = $ 75131.48 ≈ $ 75131
hence, the amount he can withdraw is $ 75131
Policy analysts can estimate the value of a human life through contingent valuation methods. It is a method use to estimate the value of a good that is placed by a person. It involves asking people to report their willingness to pay or accept in order to have or give up a certain good. It is used to evaluate the economic values of all goods.
...evaluated through organising questionnaires in the organization.
Answer:
Corporations of the United States should be tracked by the U.S government to ensure that workers' rights in developing countries should not be compromised.
Explanation:
In many developing countries political leaders are afraid that if wage rates are enforced on big corporations they could be forced off global markets. Foreign investment capital is significant to the economy of developing countries and there is always fear that the loss of such investment may break the economies of these countries. The government of the U.S should ensure vigorous monitoring programs that require businesses to report the location of international factories publicly so that human rights organizations can track their actions independently.
Answer:
The answer is stated below:
Explanation:
A. Received or collected $10,000 in exchange of the common stock:
This transaction will have an impact on the Accounting Equation of the Accounts, which is :
Assets = Liabilities + Equity
As the cash is received, there will be an increase in the assets and under the cash account of the current assets. Though the cash is against the common stock, which increases the common stock account upon the side of the equity.
Therefore, it will be:
Increase in assets (Cash) : Increase in equity (Common Stock)
B. Bought the equipment on account worth $5,000.
This transaction will have an impact on the Accounting Equation as:
As the equipment is purchased will in turn lead to increase in the assets side, under the equipment account and it is purchased on account, which means on credit, that leads to increase in the liability under the Accounts Payable account.
Therefore, it will be:
Increase in assets (Equipment) : Increase in Liability (Accounts Payable)
