What was A contract between the government and a private producer.

James Perkins wants to have a million dollars at retirement, which is 15 years away. He already has $200,000 in an IRA earning 8

Lelu [443]

Solution :

Given :

James needs $ 1,000,000 after 15 years.

His IRA deposit is $ 200,000 and is earning at the rate of 8% per annum.

Maturity value of $200,000 after 15 years = $2000000 \times( 1.08)^{15}$

= $ 634,434.

Balance fund needed after 15 years = 1,000,000 - 634,434

= $ 365,566

Therefore, the future value of the annuity is :

$FV=A[\frac{(1+k)^n-1}{k}]$

Here, FV = future annuity value = 365,566

A = periodical investment

k = interest rate = 8%

n = period = 15 years

∴ $365566 = A\frac{[(1.08)^{15}-1]}{0.08}$

A = 13,464

Thus, James needs to save $ 13,464 each year end to reach his target.

4 0

3 years ago

When originally purchased, a truck costing BD 23.000 had an estimated useful life of 8 years and an estimated salvage value of B

GREYUIT [131]

Answer:

d. BD 2,500

Explanation:

Accumulated Depreciation through the end of year 4 = [ Asset's cost - Salvage Value) / Estimated Useful Life] * Years Elapsed

= [(23,000 - 3,000)/8] * 4

= BD 10,000

Depreciation in Year 3 = [Asset's cost - Salvage Value - Accumulated Depreciation] / Remaining Estimated Useful Life

Depreciation in Year 3 = [23,000 - 3,000 - 10,000] / 4

Depreciation in Year 3 = 10,000 / 4

Depreciation in Year 3 = BD 2,500

6 0

3 years ago

A fall in real GDP that results in a decrease in personal income tax receipts is an example of ______.

lyudmila [28]

Answer:

c. automatic fiscal policy

Explanation:

Automatic fiscal policy are policies triggered automatically due to the state of the economy which causes either government spending or taxes to increase or decrease.

For example, if the economy is undergoing a downturn and real GDP falls, the amount paid as taxes would fall.

If the economy is booming and the real GDP rises, the amount paid as taxes would rise.

These are examples of automatic fiscal policies.

Discretionary fiscal policy is when the government purposely increases or reduces either its spending or taxes in response to the economic conditions.

I hope my answer helps you.

5 0

3 years ago

Charles was the last person on his block to purchase a color television set, and that was in the 1980s. He just couldn't see the

dezoksy [38]

Answer:

Charles is classified in the adopter category called "Latecomers"

Explanation:

Latecomers are traditional consumers. For them, buying a new product brings a feeling of extreme psychological discomfort. They do not like news, even flee from it, and consider it immature to buy an innovative article in the market.

Latecomers represent 16% of consumers, are insecure to adopt new things, do not like to try new things and do not follow fads. Being traditionalists, they always perform the same way and only adopt innovation when there is no other alternative. Like Charles, who only bought the color TV because his old tv stopped working.

3 0

3 years ago

Jafina works for a Sunshine Manufacturing, where her team shares a machine and materials with another team that works a differen

Naily [24]

Answer: Pooled interdependence

Explanation:

Pooled interdependence is a loose organizational model in which each business unit carries out it's own separate functions, might not interact with the other units and does not depend on other units directly even though it contributes to the accomplishment of the organizational goals and success.

Pooled interdependence is often seen as the loosest form of interdependence in organizations. Although the departments may not interact directly and may not depend on each other directly in the pooled interdependence model, every department contributes it's own individual pieces to the achievement of the same overall puzzle.

This creates a blind, indirect dependence on each other and the performance of a department has an impact on others as a department's failures may lead to the failure of the entire organization.

5 0

3 years ago

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