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3 years ago

2. An entrepreneur must make sure to budget carefully since they oversee their own company's finances.

Business

1 answer:

Fynjy0 [20]3 years ago

8 0

Answer:

True .....this is because the entrepreneur is the risk bearer of the business...he is liable for any profit/loss.

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Legacy issues $660,000 of 5.5%, four-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31

dusya [7]

Answer:

Legacy

The total bond interest expense to be recognized over the bond's life is:

= $189,172.82

Explanation:

a) Data and Calculations:

Face value of 5.5% bonds issued = $660,000

Proceeds from the bonds issue = 648,412

Bonds discounts = $11,588

Interest payment = semiannually at 2.75% (5.5%/2)

Market interest rate = 6%

Effective semiannual interest rate = 3% (6%/2)

N (# of periods) 8

I/Y (Interest per year) 3

PV (Present Value) 648412

PMT (Periodic Payment) 18150

Results

FV = $982,784.82

Sum of all periodic payments = $145,200.00

Total Interest = $189,172.82

6 0

3 years ago

Which one is the correct answer ?

Vinil7 [7]

Answer:

I believe its B.

Explanation:

C and D don't make any sense since it is impractical to suffer during the hot months, and A is wrong (I believe) since the budget needs to be shifted to bring attention to the AC. So by elimination its B.

8 0

3 years ago

According to forbes how many billionaires are there?.

Alenkinab [10]

Answer:

there is 614.

Explanation:

see answer.

6 0

3 years ago

Question 3. A Lilian and Brad both graduated from a law college, decided to donate money to their college. They setup 5 scholars

Dominik [7]

Answer:

If $40,000 is invested in the trust fund in the year 2021 and if it earns a very good rate of return of 10% per year, the amount of each scholarship, starting in 2035 will be:

= $167,089.93

Explanation:

a) Data and Calculations:

Investment in the trust fund in 2021 = $40,000

Investment period = 15 years (2021 to 2035)

Rate of return = 10%

From an online financial calculator:

N (# of periods) 15

I/Y (Interest per year) 10

PV (Present Value) 40000

PMT (Periodic Payment) 0

Results

FV = $167,089.93

Total Interest $127,089.93

7 0

3 years ago

John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2018, John worked as a comp

balandron [24]

Answer:

Explanation:

The diagram and step by step solution to the answer can be seen in the attached image below

KINDLY NOTE: Self Employment tax (<u><em>which can be said to be a Medicare tax and Social Security paid by self-employed individuals. It is quite similar to the FICA and usually, they are withheld from an employee’s paycheck Medicare taxes and Social Security purposes.)</em></u> is not applicable to both and the AMT is less then the actual normal tax liability so AMT provision also not applicable.

4 0

3 years ago