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stiks02 [169]
3 years ago
9

plan to buy a time-share in six years of $16,860. In order to have adequate funds to do so, the Walker want to make a deposit to

their money market fund today. Assume that they will be able to earn an investment rate of 5.75%, compounded annually. How much will James and Rachel need to deposit today to achieve their goal
Business
1 answer:
stellarik [79]3 years ago
4 0

Answer:

Initial investment= $12,055.22

Explanation:

Giving the following information:

Future Value (FV)= $16,860

Number of periods (n)= 6 years

Interest rate (i)= 5.75% = 0.0575

<u>To calculate the initial investment (PV), we need to use the following formula:</u>

<u></u>

PV= FV / (1 + i)^n

PV= 16,860 / (1.0575^6)

PV= $12,055.22

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Dubberly Corporation's cost formula for its manufacturing overhead is $31,100 per month plus $50 per machine-hour. For the month
Lerok [7]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Dubberly Corporation's cost formula for its manufacturing overhead is $31,100 per month plus $50 per machine-hour. For March, the company planned for activity of 8,000 machine-hours, but the actual level of activity was 7,930 machine-hours. The actual manufacturing overhead for the month was $454,110.

activity variance for manufacturing overhead= (50*8000) - (454,110 - 31,100)=  23,010 unfavorable.

4 0
3 years ago
This morning you purchased one share of stock for $14. The stock pays $.20 per share each quarter as a dividend. What must the s
Ulleksa [173]

Answer:

$14.88

Explanation:

The computation of the stock price is given below:

A total return of 12% means that

= 0.12 × 14

= $1.68 in a year.

Now  

The total dividend payments for 4 quarters is

= 0.2 × 4

= $0.8.

Now the price of the stock should increase by

= 1.68 - 0.8

= 0.88

So the stock price one year from now is

= 14 + 0.88

= $14.88

5 0
3 years ago
Seller Martin is looking at his Closing Disclosure. Which one of the following items is he likely to see
Tcecarenko [31]

Martin is likely to see credits and debits appear on the closing statement. since he is looking at his Closing Disclosure.

<h3>What is closing disclosure?</h3>

Closing disclosure is a document which gives full information about loan taken by an individual or institution.

In other words, closing disclosure provides final details about the mortgage loan you have selected.

Contents of closing disclosure are:

  • Loan fees
  • Interest rate
  • Purchase price
  • Projected payment

Learn more about closing disclosures here: brainly.com/question/4375643

#SPJ1

3 0
2 years ago
I need help..................
Anastaziya [24]
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7 0
3 years ago
Read 2 more answers
2. In what ways are the following three initial assessment methods similar and in what ways are they different: application blan
konstantin123 [22]

Answer:

Selection stands for the initial assessment of a candidate in an organization before he is offered a job. In includes several steps like the organization details the KSAOs (Knowledge, Skills, Abilities, and other criteria) required for the job; evaluation of a candidate over those criteria; and making an offer to the selected candidate.

Initial assessment methods stand for the starting ways through a candidate or an applicant is screened and shortlisted by the organization which includes ways like- application blanks, biographical information, and reference and background check. These three initial assessment methods are similar to each other in a way that when an organization starts its selection procedure, it reviews the applications of the candidates who all have applied for the particular position in the organization; after the screening and verification of the application form, the organization checks the biographical information of the candidate which becomes a part of application form; and finally the organization conducts a reference and background check to ensure that the candidate has given complete and true information and has not been involve din criminal or unethical actions in his past.

On the other hand, the differences in the three initial assessment methods- application blanks, biographical information, and reference and background check could be that in application blank, the candidate has to furnish his background and work experience details; while in biographical information, the organization checks and verifies it with the details furnished by the candidate in the application form; and when it comes to reference and background check, the organization performs thorough background check of the candidate before offering job to him. This way the three initial assessment methods are similar and different from each other.

Explanation:

6 0
3 years ago
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