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valentina_108 [34]
3 years ago
8

George Jefferson established a trust fund that provides $170,500 in scholarships each year for worthy students. The trust fund e

arns a 4 percent rate of return. How much money did Mr. Jefferson contribute to the fund assuming that only the interest income is distributed?
Business
2 answers:
inessss [21]3 years ago
8 0

Answer:

The answer is: Mr. Jefferson contributed $4,262,500 to the trust fund

Explanation:

Assuming that the interests earnings equal the funds provided for scholarships per year, we work with the following equation:

total trust fund = annual interest income / rate of return

                        = $170,500 / 4%

                        = $4,262,500

So the total amount of money Mr. Jefferson contributed to the trust fund is $4,262,500.

Aleonysh [2.5K]3 years ago
3 0

The returns of a capital amount to a compensation rate for depositing the money, to calculate these returns an interest rate is used by which the deposited capital is multiplied, in this case the rate is 4%.

As the money distributed is only the product of interest, then that money is the result of multiplying the capital by the interest rate, to obtain how much money Mr. Jefferson contributed, the reverse process will have to be done.

Answers

let <em>C</em> be the capital, then :

C\times4 \%  = 170500\\C\times\frac{4}{100}= 170500\\C=170500\times\frac{100}{4}\\C=4262500

The capital contributed by Mr. Jefferson was <em>$4,262,500</em>

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Kryger [21]

Answer:

The answer is B.

Explanation:

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Sales revenue is $433,000

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Remember that Gross profit is Sales revenue - cost of goods sold.

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5 0
3 years ago
The following amounts were selected from the production report of Chandon Corporation: Actual units in production 42,000 Equival
SpyIntel [72]

Answer:

Total cost is equal to $81300

So option (c) will be correct answer.

Explanation:

Actual unit of production = 42000

Cost of per equivalent material = $1.10

Equivalent cost of material = =42000\times1.1=46200$

Equivalent cost of labor = =39000\times 0.9=35100$

Therefore total cost of production = $46200+$35100 = $81300

So total cost will be $81300

Therefore option (c) is the correct answer

5 0
3 years ago
The minute karen walks into your mother-in-law's house to visit, she is struck by the strong smell of her perfume. however, afte
fenix001 [56]

Answer:

sensory adaptation

Explanation:

As when you enter a new area basically there is change of environment and the senses activate and if there will be a slight change also in the smell, and quality of air that will be noticed by the body.

After certain time is spent even in the changed environment the body starts accepting such change and accordingly after few minutes even though the smell was recognizable earlier will have no effect now.

This is called sensory adaption, that is with some time the senses adapt such change.

5 0
3 years ago
An animal shelter spends $2.00 per day to care for each cat and $6.50 per day to care for each dog. Isaiah noticed that the shel
kari74 [83]

Answer:

There were 9 cats at the shelter on Wednesday.

Explanation:

Per day cost to care for each cat = $2.00

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Total Cost on Wednesday = $44.00

Suppose

Number of cats = C

Number of dogs = D

According to given condition

C + D = 13 (Equation 1)

( each cat's per day cost x Number of cats ) + ( each dog's per day cost x Number of dogs ) = Total coat

2C + 6.5D = 44 (Equation 2)

Multiply (Equation 1) by 2 and we get

2C + 2D = 26 (Equation 3)

Subtract (Equation 3) from (Equation 2)

2C + 6.5D - 2C - 2D  = 44 -26

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4 0
3 years ago
Fred is required to pay Wilma $12,000 of alimony each year until their child turns 18. At that time, the payment will be reduced
Elan Coil [88]

Answer:

c. $12,000

Explanation:

In this question, we assume the Fred and Wilma divorced in year i.e before 2019. Since in the question, it is given that the Fred paid $6,000 Wilma and $6,000 directly to the Law school Wilma is attending i.e not related to the child

Both payments are related to Wilma  so we consider these payments and reflects the received payment which equals to

= $6,000 + $6,000

= $12,000

All other information which is given is not relevant. Hence, ignored it

4 0
3 years ago
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