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3 years ago

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

Business

1 answer:

brilliants [131]3 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

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Corcoran Corp. pays a constant $7.10 dividend on its stock. The company will maintain this dividend for the next 10 years and wi

raketka [301]

Answer:

Explanation:

Corcoran Corp. pays a constant $7.10 dividend on its stock. The company will maintain this dividend for the next 10 years and will then cease paying dividends forever. If the required return on this stock is 11 percent, what is the current share price

Given that:

Dividend = $7.10 dividend on its stock

Rate r = 11 percent

The company will maintain this dividend for the next 10 years

$\texttt {Current share price}=\texttt {Dividend}\times(\frac{1-(1+r)^{-r}}{r} )$

$=\$ 7.10\times(\frac{1-(1+0.11)^{-10}}{0.11} )\\\\=\$7.10\times(\frac{1-(1.11)^{-10}}{0.11} )\\\\=\$7.10\times\frac{(1-0.3522)}{0.11}\\\\=\$7.10\times\frac{0.6478}{0.11}\\\\=\$ 7.10 \times5.889\\\\=\$41.81$

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3 years ago

If a foreign country's consumers tend to only purchase products that are produced locally, the least effective strategy for a U.

Contact [7]

Answer:

develop a subsidiary (under the U.S. name) that manufactures and sells products in that country.

Explanation:

Among the given options the least effective otionis to develop a subsidiary in the country with the US company name and manufacture locally, in addition to manufacting locally the company can export to border countries. This will increase popularity of the product and enhance adoption.

Liscencin with a local firm will increase adoption of new product as consumers see the product as one from a local firm.

Finally the company can enter a joint venture in the country to also increase adoption as consumers perceive it is a local company.

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3 years ago

The principle that people face tradeoffs applies to:.

svetoff [14.1K]

The principle that people face tradeoffs applies to individuals, families and societies.

<h3>What does tradeoff mean?</h3>

Tradeoff is an economic term which means that when a person chooses a particular decision, he forgoes other decisions. For example, if a doctor leaves his job to travel the world. He is trading off the income he would earn from working as a doctor to enjoy travelling the world.

Here is the complete question:

The principle that "people face trade-off" applies so:

a) Individuals.

b) Families.

c) Societies.

d) All of the above are correct.

To learn more about tradeoffs please check: brainly.com/question/26315727

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2 years ago

Kelly is a self employed tax attorney whose practice primarily involves tax planning. During the year she attended a 3-day semin

Helen [10]

Answer: $947.50

Explanation:

The amount that Kelly can deduct will be calculated as:

Lodging = $400

Add: Meals at 50% = $95/2 = $47.50

Add: Registration = $350

Add: Transportation = $150

Total deductions = $947.50

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3 years ago

What is trade in economics

NeTakaya

Answer:

Trade is a basic economic concept that involves the buying and selling of goods and services, in which compensation is paid by a buyer to a seller, for goods or services or the exchange of goods or services between parties(which is known as trade by barter )

Explanation:

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3 years ago

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