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Vadim26 [7]
4 years ago
6

Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need $120,000 in eighteen ye

ars. If they are able to earn 5% per annum (compounded annually), how much must be deposited at the end of each of the next eighteen years to fund the education? (The future value of a single sum for 18 periods at 5% is 2.40662; The future value of an ordinary annuity of 1 for 18 periods at 5% is 28.13238).
Business
1 answer:
dezoksy [38]4 years ago
4 0

Answer:

$4,265.55

Explanation:

Future value = $120,000

Interest rate (i) = 5%

Annual deposit = ?

Time period (n) = 18 year

Since deposit are to be made at the beginning of each year, hence the relevant factor table to be used is future value annuity due factor table.

Future value = Annual deposit x future value annuity due factor (i%, n)

120,000 = Annual deposit x FVADF (5%, 18period)

120,000 = Annual deposit x 28.13238

Annual deposit = 120,000/28.13238

=$4,265.547

=$4,265.55

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What is market power?
Sedbober [7]
I would say the correct answer is B. t<span>he ability of a company to change prices and output like a monopolist. Market power is basically the power of a particular company to manipulate the price of the product and thus affect all other participants, as well as customers. Monopolists have the greatest market power; conversely, in an ideally balanced economy, nobody would have market power. All participants would have equal chances and nobody would dictate the terms to others.</span>
8 0
3 years ago
Whispering Winds Corp. compiled the following financial information as of December 31, 2022: Service revenue $836000 Common stoc
lawyer [7]

Answer:

$580,000

Explanation:

The computation of the asset is shown below:

= Equipment + supplies + cash + account receivable

= $244,000 + $30,000 + $215,000 + $91,000

= $580,000

We simply added the four items so that the asset value could be determined

Hence, the asset is $580,000

5 0
3 years ago
Kennedy’s alliance of progress program provided $25 billion in aid to countries in?
Annette [7]

President Kennedy aimed to provide economic assistance, and consolidate democracy and social justice in Latin America.

Kennedy proposed, via the corporation for international improvement and the Alliance for progress, both launched in 1961, to mortgage greater than $20 billion to Latin American nations that would sell democracy and adopt significant social reforms, specifically in making land possession possible for more numbers.

The Peace Corps, a program that despatched younger volunteers to foreign places to assist those in want, turned into probably one of the high-quality-acknowledged New Frontier programs.

Learn more about President Kennedy here: brainly.com/question/13721861

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3 0
2 years ago
predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently complete
Papessa [141]

Answer:

Total overhead rate =  $34.17  per machine hour

Explanation:

The total overhead rate would  the sum of the variable overhead rate and the fixed overhead rate

<em>The pre-determined fixed overhead absorption rate = Estimated fixed overhead /Estimated machine hours </em>

<em>DATA:</em>

<em>Estimated overhead       - $256,500.</em>

<em>Estimated machine hours -  10,000 machine hours</em>

The pre-determined fixed overhead absorption rate =

$256,500/ 10,000 machine hours = 25.65  per hour

<em>The pre-determined overhead absorption rate = $25.65  per hour</em>

Total overhead rate = Variable rate + Fixed rate

                                 = $8.52 +  $25.65 = $34.17

Total overhead rate =  $34.17  per machine hour

3 0
3 years ago
McLaughlin and Ferris is an accounting firm that has a stiff, bureaucratic structure. The company has a promotion scheme where p
SCORPION-xisa [38]

Answer:

The correct answer is programmed.

Explanation:

Also called unstructured, they are decisions that are taken in the face of problems or situations that occur infrequently, or those that need a specific model or process of solution, for example: “Launching a new product to the market”, in this type It is necessary to follow a decision-making model to generate a specific solution for this particular problem.

Programmed decisions address rare or exceptional problems. If a problem has not been presented frequently enough to be covered by a policy or if it is so important that it deserves special treatment, it should be handled as an programmed decision. Problems such as allocating the resources of an organization, what to do with a production line that failed, how to improve relations with the community - in fact, the most important problems that the manager will face - will usually require programmed decisions.

3 0
3 years ago
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