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Dafna1 [17]
3 years ago
14

A small foundry agrees to pay $420,000 three years from now to a supplier for a given amount of coking coal. The foundry plans t

o deposit a fixed amount in a bank account every three months, starting three months from now, so that at the end of three years the account holds $420,000. If the account pays 8.5% APR compounded monthly, how much must be deposited every three months?
a. $31,069.
b. $28,473.
c. $47,943.
d. $35,389.
Business
1 answer:
galina1969 [7]3 years ago
6 0

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Future Value= $420,000

Number of periods (n)= 4*3= 12 quarters

Interest rate (i)= 0.085/4= 0.0213

<u>To calculate the quarterly deposit, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (420,000*0.0213) / [(1.0213^12) - 1]

A= $31,086.79

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Jane Cagle’s company wants to establish kanbans to feed a newly established work cell. The following data have been provided. Ho
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Answer:

22.5

Explanation:

According to the given situation, the computation of the number of kanbans is shown below:-

Number of kanbans needed = [(Demand × Lead time) + (Demand × Safety stock)] ÷ Kanban size

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3 years ago
In Opulencia, the marginal propensity to save is only 0.10. In an effort to promote the virtues of saving, the government starts
77julia77 [94]

Answer:

A greater saving will reduce the impact of the multiplier.

Explanation:

A multiplier generally refers to the factor that amplifies or increase the initial change of something else.

In economics, multiplier refers how change in spending or saving results into a larger change in local output and income.

Since addition of marginal propensity to consume (MPC) and marginal propensity to save (MPS) is equal to 1, the formula for calculating a multiplier can be stated as:

Multiplier = 1/(1 - MPC) or 1/MPS

From the question therefore, when MPS = 0.10, we have:

Multiplier = 1/0.10 = 10

When MPS is increases to 0.20, we have:

Multiplier = 1/0.20 = 5

Since 5 is less than 10, a greater saving will therefore reduce the impact of the multiplier.

4 0
3 years ago
Jefferson davis has invested in something that acts like a mutual fund and that invests in hospitals all over the country. he kn
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Answer:

REITs

Explanation:

Based on the scenario being described it can be said that the type of investment that Jefferson has made is known as a REIT. This term stands for Real Estate Investment Trusts, and are companies that own or finance income-producing real estate across a range of property sectors, such as hospitals, hotels, apartment buildings etc. This investment trade on major stock exchanges and the companies must meet certain requirements to qualify as a REIT such as needing to distribute at least 90 percent of the income to shareholders and that requires there be at least 100 shareholders.

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A type of vertical bar chart in which the categories are plotted in the descending rank order of the magnitude of their frequenc
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A contingency table consists of a double entry table with rows and columns in which the categories are plotted in descending order of the magnitude of their frequencies.

<h3>What is a contingency table?</h3>

They are frequency tables in which data from two qualitative variables are recorded and the relationship between them is analysed.

In these tables, the rows represent the categories of one variable and the columns the categories of the other variable or characteristic under study.

The cell located at the intersection of a given row and column, collects the absolute frequency simultaneously presented by the modalities that occupy the corresponding row and column.

Therefore, we can conclude that a contingency table consists of a double entry table with rows and columns in which the categories are plotted in descending order of the magnitude of their frequencies.

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