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
Damm [24]
2 years ago
9

Mr. Frohardt donated $40,000 toward future scholarships. The scholarships are to be paid according to the following schedule:

Business
1 answer:
brilliants [131]2 years ago
4 0

Answer:

18 full scholarships will be awarded

Explanation:

year       beginning     interest     scholarship    ending

               balance        earned  awarded       balance

1        40000        43200        1000        42200

2        42200        45576        1500        44076

3        44076        47602        2000 45602

4        45602        49250        2500 46750

5        46750        50490        3000 47490

6        47490        51289        3500 47789

7        47789        51613        4000 47613

8        47613        51422        4500 46922

9        46922        50675        5000 45675

10           45675        49329        5000 44329

11        44329        47876        5000 42876

12           42876        46306        5000 41306

13        41306        44610        5000 39610

14           39610        42779        5000 37779

15           37779        40801        5000 35801

16        35801        38666        5000 33666

17        33666        36359        5000 31359

18        31359        33868        5000 28868

19           28868        31177        5000 26177

20        26177        28271        5000 23271

21        23271        25133        5000 20133

22        20133        21743        5000 16743

23        16743        18083        5000 13083

24        13083        14129        5000 9129

25        9129                 9860        5000 4860

26        4860        5249        5000 249

You might be interested in
The town of Chester has an economy composed entirely of two equally sized food companies. Both company Q and company R produce p
ExtremeBDS [4]

Answer:

C) abandon the production of jam to fully specialize in the production of peanut butter and then trade with Company Q for jam.

Explanation:

According to different theories about trade specialization, a company or even a country should specialize in producing only those products that they can make better than their competition, i.e. have a comparative or absolute advantage in their production.  

In this case, since Company R has a comparative advantage in the production of peanut butter, it should specialize in producing only that. In case they need jam, they should trade with Company Q in order to get some jam. Eventually Company Q  will only produce jam since they have a comparative advantage in jam production.

8 0
3 years ago
On January 1, 2017, Culver Company issued 10-year, $2,140,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into
Dvinal [7]

Answer:

a) diluted earnings per share = 0

Explanation:

Diluted earnings per share (DEPS) is a recalculation of the basic EPS. The difference between DEPS and EPS is, EPS represents the current position of earnings per share. No changes in number shares and/or earnings in the future are incorporated in the basic EPS.

Whereas DEPS is a representation of  not only the current position of earnings and shares but also includes the commitments an entity has already made whose occurrence may result in an increase/decrease in the amount of earnings and/or number of shares. For example, in the question Culver Company has issued 10-year convertible bonds which right now have no impact on basic EPS but if in the future these bond holders exercise their right of conversion, this would result in an increase in number of ordinary shares hence decreasing/diluting the basic EPS. The entities use DEPS to show shareholders the impact of such commitments on the basic EPS to improve their decision making.

So in 2017 none of the bonds were converted therefore no diluted earnings per share is calculated in 2017.

If all of the bonds were converted in 2017 the DEPS would have been calculated as follows:

The formula for calculating DEPS is as follows;

DEPS = (Net income + interest savings) ÷ number of ordinary shares + increase in ordinary shares as a result of conversion.

Tax savings as a result of conversion=$128400 ($2140000×6%). Because if bond holders convert into ordinary shares then Culver company will not have to pay them interest and hence the amount of interest is saved.

Increase in ordinary shares upon conversion= 29960 ($2140000÷$1000=2140 bonds. Each bond is convertible into 14 shares therefore, 2140×14=29960).

Now Lets calculate DEPS as follows;

DEPS = ($296000+$128400) ÷ 91000+29960

DEPS =$424400÷120960

DEPS = $3.5

5 0
3 years ago
Answer following question with true or false and explain.A firm's profit margin is 5%, its debt/assets ratio is 56%, and its div
maria [59]

Answer:

False

Explanation:

As a company's sales level increases, its current assets will increase, e.g. cash, inventories, accounts receivables increase. generally, also the fixed assets increase, specially if the firm was previous producing at full capacity even before total sales increased. But as sales increase, not only do the company's assets increase, its current liabilities generally increase also, and its profits should increase. In this case, 60% of the company's profits are reinvested in the company, and the liabilities represent more than half of the total assets. Therefore, it is possible that the company needs external financing, but it is also possible that it doesn't. You cannot assume that the company will necessarily need external financing, because retained earnings  and the increase in current liabilities might be enough to finance the company's growth in sales.

8 0
2 years ago
As she digs deeper into the data, Ophelia realizes that while discounters do have a high profit level, discounters are quite low
zlopas [31]

Answer: Return on sales is calculated based on sales volume and not profit

Explanation:

This can be explained by understanding the scenario; the price that discounters pay is lower than any other channel. Discounters have high variable cost, they only pay $52 for the Russel with 41percent return on sales. They also larger fixed costs than the other channels and the return on sales is calculated based on sales volume and not profit.

7 0
2 years ago
Decision Point: Considering Alternatives Because of your inexperience, you don't know how many alternatives should be considered
Ber [7]

Answer:

The answer is stated below:

Explanation:

Select a limited number of alternatives to consider: For example, considering the top 3 alternative suppliers.

Then generate or create a list of as many as possible of alternative suppliers.

Rely on the gut in order to make a decision regarding the right number of alternatives when you feel the time is right.

Deciding or choosing the limited number of alternatives , this concept is known as the bounded rationality. For most of the businesses, this is the most realistic approach for dealing with alternatives.

5 0
3 years ago
Other questions:
  • Exporting only after receiving unsolicited foreign inquiries is best described as:________.a. Direct exporting.b. Indirect expor
    14·1 answer
  • Will choose brainliest!!
    14·1 answer
  • Social media has evolved in such a way that users expect to use SM applications without paying for them. SM firms want to build
    7·1 answer
  • Select the items that describe incentives.can be rewards or penaltiesinfluence future actionsencourage people to actcan be monet
    12·2 answers
  • Your father is about to retire, and he wants to buy an annuity that will provide him with $91,000 of income a year for 25 years,
    15·1 answer
  • An individual with true self-knowledge is familiar with:
    6·1 answer
  • An author's audience refers specifically to
    15·1 answer
  • A trader wants to gain a profit by expecting a significant move in either direction of the underlying stock. Which strategy best
    5·1 answer
  • Kyle liked to think he could program anything digital. He created a new video game, and a major industry firm wanted to buy it f
    9·1 answer
  • Identify the statement in the passage that reflects unethical behavior.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!