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Andrews [41]
3 years ago
7

A family wants to be able to give their child $5,000 per year for 4 years of college. The child will leave for college in 8 year

s, at which point the family will stop contributing to the college fund. How much money should be set aside each year on the child's birthday in order to follow through with this plan
Business
1 answer:
LUCKY_DIMON [66]3 years ago
5 0

Answer:

$2500

Explanation:

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Gault Corporation had the following shares of stock outstanding on December 31, 2018:
Andreas93 [3]

Answer:

The total amounts payable to preferred stockholders and common stockholders, respectively, are: $480,000 and $320,000.

Explanation:

Cumulative preferred stock has the dominant right over common stocks in term of receiving cash dividend.

The dividend paid to preferred stock per year is: 100 x 20,000 x 8% = $160,000 and the company owed investor 03 years of dividend ( 2016,2017,2018) with the dividend payable amounted to 160,000 x 3 = $480,000.

The dividend paid to common stock is the left over, after paying to preferred stock holders, which is calculated as $800,000 - $480,000 = $320,000.

So, The total amounts payable to preferred stockholders and common stockholders, respectively, are: $480,000 and $320,000.

5 0
3 years ago
Alex is working on reconciling the balance sheet for his company. He is using a _____, which will ensure that the plan for next
Fantom [35]

Alex is using a plug figure which will ensure that the plan for next year is internally consistent with a plan to identify the sources of financing for all assets that will be needed.

<h3>What is a balance sheet?</h3>

It should be noted that a balance sheet simply means a financial statement that shows the financial status of a company.

In this case, Alex is using a plug figure which will ensure that the plan for next year is internally consistent with a plan to identify the sources of financing for all assets that will be needed.

Learn more about balance sheet on:

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4 0
2 years ago
Which of these is a consumer right recognized by the United Nations? a. right to equality b. right to openness c. right to educa
Gala2k [10]

Answer:

c. right to education

Explanation:

The United Nations Convention for Contracts on International Sale of Goods (CISG) refers to an international trade agreement for the sales of goods in the international market. The Contracts for the International Sale of Goods (CISG) was adopted at the Vienna Convention in 1980.

The main purpose of the international trade agreement is to eliminate or remove any barrier arising from the various domestic laws put in place by different countries with respect to international sales of goods or products.

Also, the Contracts for the International Sale of Goods (CISG) establishes a set of rules to govern and regulate the making and performance of commercial contacts between a buyer and a seller of goods.

The right to education on a particular goods or service is a consumer right recognized by the United Nations (UN).

Additionally, the international trade agreement has helped to make the international sales of goods to be less cumbersome, unambiguous and mitigated the chances of dispute among countries.

3 0
3 years ago
When the investor's level of influence changes, it may be necessary to change to the equity method from another method. When the
muminat

Answer:

Carried over at the fair value that exists on date of transfer.

Explanation:

When the investor's level of influence changes, it may be necessary to change to the equity method from another method. When the level of ownership rises from less than 20% to a range of 20% to 50%, the equity method typically would become appropriate and the investment account balance should be carried over at the fair value that exists on date of transfer.

7 0
3 years ago
________ means that you accept the potential costs and obligations for the decisions you make.
oksian1 [2.3K]

Responsibility means that you accept the potential costs and obligations for the decisions you make. The term "responsibility" describes the duty to carry out specific tasks in order to get specific results. Only humans can be given responsibility by an organization; non-living things like machines, equipment, etc. cannot be given accountability.

It results from a relationship of authority and subordination. A senior has the responsibility to order his subordinates to complete the necessary work. He therefore gives obligations to subordinates for this reason. The management may limit it to the execution of a particular task or may make it a continuing duty.

To learn more about obligations, click here

brainly.com/question/27824491

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7 0
2 years ago
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