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sammy [17]
4 years ago
7

2.what are some of the reasons people don’t manage their money well for the future?

Business
1 answer:
Flura [38]4 years ago
5 0
1) They are young and not so smart o( just a saying), 2) They think they will be rich forever and forever be on top of the world, 3) Ignorance or following the wrong financial advice, 4) Instead of them wisely taking care of their finances, they put it in other people's hands, who of course abuse it as well or take advantage. :)
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At your age (assume 20) you can assume that you will live to be 100. If you graduate at 23 and start to work, you can expect to
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4 0
4 years ago
Young Co. issues $800,000 of 10% bonds dated January 1, Year 1. Interest is payable semiannually on June 30 and December 31. The
ANTONII [103]

Answer:

$864,884

Explanation:

The proceeds received from the issuance of bonds equal the sum of the present value of the cash flows associated with the bonds (both the face amount and interest payments) discounted at the interest rate prevailing in the market at the time. The present value of the $800,000 face amount discounted at the market interest rate of 8% is equal to $540,448 ($800,000 × .67556). The present value of the semiannual interest payments of $40,000 [$800,000 × 10% × (6 months ÷ 12 months)] discounted at the market interest rate of 8% is equal to $324,436 ($40,000 × 8.11090). Thus, the proceeds on the sale of the bonds equal $864,884 ($540,448 + $324,436).

7 0
3 years ago
Test Tech has preferred stock outstanding that pays an $10.85 annual dividend. It price is $125. What is the required rate of re
Viefleur [7K]

Answer:

8.7%

Explanation:

Calculation to determine the required rate of return on the preferred stock

Using this formula

Required rate of return=Annual dividend/Price

Let plug in the formula

Required rate of return=$10.85/$125

Required rate of return=0.087*100

Required rate of return=8.7%

Therefore the required rate of return on the preferred stock is 8.7%

3 0
3 years ago
Economic Order Quantity computes:
Mamont248 [21]

Answer:

D: Optimum Order size​

Explanation:

Economic Order Quantity (EOQ) is a formula applied in logistic and supply chain management to calculate a business's ideal order size. As the name suggests, the order EOQ provides an order quantity that makes economic sense.

Economies of scale suggest that a bigger order size is better because the business will save transport costs. However, ordering in large quantities increases the cost of holding stock. The economic order quantity strikes a balance between these two important factors.

7 0
3 years ago
Coronado has the following inventory information. July1Beginning Inventory15 units at $20$300 7Purchases90 units at $232070 22Pu
Elanso [62]

Answer:

$574

Explanation:

Given:

Beginning inventory 15 units @ $20 = 15 × 20 = $300

Purchases of 90 units @ $23 = 90 × 23 = $2,070

Purchases of $20 units @25 = $500

Total cost = 300 + 2070 + 500 = $2,870

Total units purchased = 15 + 90 + 20 = 125 units

Average cost = Total cost / total units purchased

                     = 2,870 / 125

                     = $22.96

Ending inventory units = 25

As per average cost method, value of ending inventory = 25 × 22.96

                                                                                              = $574

4 0
4 years ago
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