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bazaltina [42]
3 years ago
12

Fenland Co. plans to retire $120 million in bonds in five years, so it wishes to fund a savings account at the beginning of each

year during that period for which it expects to earn 12% annually. At the end of the five years, there will be enough money in the account to pay off the bonds. What amount does Fenland need to invest each year?
Business
1 answer:
solniwko [45]3 years ago
8 0

Answer:

240,000,000

Explanation:

Each year you would need to invest 240,000,000 into the saving account over a period of five years to get to the desired amount. If they are only putting in 12%of the retirement funds that would 14,400,000 and that would take about 8 years.

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Welfare analysis: Basic conceptsIdentify whether each of the following statements best illustrates the concept of consumer surpl
STALIN [3.7K]

Answer:

Producer surplus

Neither

Consumer surplus

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Producer surplus is the difference between the price of the good and the least price the seller is willing to sell his product.

1. Price = $149

least price seller was willing to sell his laptop = $140.

Hence it's producer surplus.

2. Price = $59

there's no information on the least price the seller was willing to sell or the highest amount the buyer was willing to buy.

hence it's neither producer or consumer surplus

3. Price = $39

highest amount buyer was willing to buy = $46

Hence, it's consumer surplus

I hope my answer helps you

3 0
4 years ago
H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (7,650 pounds) has the followin
zysi [14]

Answer:

$0.6 per pounds

Explanation:

The computation of the standard unit materials cost per pound is shown below:-

Whole Tomatoes = 5,000 × $0.75

= $3,750

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= $300

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= $225

Total cost = Whole Tomatoes + Vinegar + Corn syrup + Salt

= $3750 + $315 + $300 + $225

= $4,590

Standard Unit Materials cost per pound = Total cost ÷ ketchup pounds

= $4,590 ÷ 7,650 pounds

= $0.6 per pounds

8 0
4 years ago
Which of these careers requires several years of school beyond a four-year degree?
IceJOKER [234]
I'm not sure, but I think that it is D. Lawyer
5 0
3 years ago
Which of the following statements reflects the nature of the global economy of the twenty-first century? question 6 options: a n
OlgaM077 [116]
The global economy of the 21st century can be summarized as: <span>an economic system that is more favorable for international business. Trade and imports are at an all time high, especially into the United States from places like China, Japan, and Hong Kong.</span>
4 0
3 years ago
An apprentice involves _____
Iteru [2.4K]

Answer:

the answer is a

Explanation:

An apprentice is someone following the in print 18 around and doing what they're doing just less important things

7 0
4 years ago
Read 2 more answers
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