1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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>

You might be interested in
On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $44,000 and
faust18 [17]

Answer: $3,575

Explanation:

Opening balance for Allowance for Noncollectable Accounts for 2022 is closing balance for 2021 = $1,300.

Cool wear wrote off $775 during the year which would come out of the allowance;

= 1,300 - 775

= $525

An allowance of $4,100 was determined for the year which means that the Bad debt expense is the difference between the determined allowance and the current balance because this is the amount that the account had to be increased by to cater for the bad debt expense.

= 4,100 - 525

= $3,575

3 0
3 years ago
Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year ende
lara31 [8.8K]

Answer:

Target Corporation

Common-Size Income Statement

Year ended:                                                                   January 28, 2012

Sales revenue                                                                       100.0%

Cost of sales                                                                               61.8%

Selling, general and administrative expenses                       18.2%

Depreciation and amortization                                               2.8%

Earnings from continuing operations before interest

expense and income taxes                                                        18.5%

Net interest expense                                                                1.1%

Earnings from continuing operations before income taxes      17.4%

Provision for income taxes                                                        2%

Net earnings from continuing operations                                15.4%

Every line item in the income statement is divided by the sales revenue.

Explanation:

Fiscal year ended January 28, 2012

Sales = $77,466

Net credit card revenues = 1,399

Cost of sales = 47,860

Selling, general and administrative expenses = 14,106

Credit card expenses = 446

Depreciation and amortization = 2,131

Earnings before interest expense and income taxes = 14,322

Net interest expense = 866

Earnings before income taxes = 13,456

Provision for income taxes = 1,527

Net earnings = $11,929

3 0
3 years ago
Which of the following is not a source of income?
attashe74 [19]

Answer:

Explanation:

B.)Your annual salary for doing your job.

7 0
2 years ago
The ________ is used in part used to inform prospective buyers about the benefits of the product. a. promotional mix b. promotio
Papessa [141]

Answer:

The correct answer is D that is Marketing Mix

Explanation:

Marketing Mix is the term which is stated as the set of tools, actions or the tactics, which a business, firm or company uses in order to promote the product in the market.

It is used in order to inform or provide the knowledge to the buyers or the prospective clients regarding the product uses, features as well as benefits.

7 0
3 years ago
PROBLEM 5 You have to design the system interconnection network of a multicomputer system. Your choices are to use an Omega or a
irina1246 [14]

Answer:

I will use the Omega network configuration if the economic factor is the determining one.

The total cost for the Omega network using the 4x4 switches will be $12,800, unlike the Butterfly network that can use the 16x16 switches that will cost $24,000.

Explanation:

The Omega network configuration will use the 4x4 switches which cost $50 each.  The total number of switches required = 4,096/16 = 256.  The total cost for 4x4 switches = 256 * $50 = $12,800.  This is better than the Butterfly network configuration that can use the 16x16 switch, costing $1,500 x 16 (4,096/256) = $24,000.

5 0
2 years ago
Other questions:
  • what is a process of interaction and integration among people, businesses, and governments of different cultures?
    13·1 answer
  • You now have enough information about holden evan's corporate structure and how it has worked or fallen short in the past. you d
    7·1 answer
  • Gross investment includes _____. rev: 04_09_2018 Multiple Choice fixed investment, residential investment, and financial investm
    7·1 answer
  • Melvin supervises 10 employees in marketing. Sarah supervises 11 employees in finance and Jake supervises 9 employees in HR. As
    11·1 answer
  • The St. Louis Symphony is an example of what type of organizational customer? A. Government B. Wholesaler C. Intermediary D. Res
    8·1 answer
  • Consider that you own the following position at the beginning of the year: 200 shares of US Bancorp at $29.89 per share, 300 sha
    13·1 answer
  • Which is “harder” on a car, highway miles or city miles? Why?
    11·1 answer
  • Journalize the entries to record the following transactions for Zentric Corporation. Refer to the Chart of Accounts for exact wo
    7·1 answer
  • Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated
    7·1 answer
  • Position on human trafficking in south Africa​
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!