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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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3 years ago
The Nixon Corporation’s common stock has a beta of 1.3. If the risk-free rate is 4.4 percent and the expected return on the mark
Xelga [282]

Answer:

11.68%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

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8 0
3 years ago
Tina and Bob formed the TB Partnership four years ago. Because they decided the company needed some expertise in multimedia pres
borishaifa [10]

Answer:

$25,000 will be an ordinary income(FMV)

Explanation:

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6 0
3 years ago
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Aleonysh [2.5K]

Answer:

Debit Unearned Revenue, Credit Service Revenue for $9,200

Explanation:

Date      Account Titles                      Debit     Credit

Sept 1    Cash                                     $16,100

                   Unearned service revenue           $16,100

Dec 31    Unearned service revenue $9,200

                     Service Revenue                          $9,200

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5 0
2 years ago
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