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3 years ago

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Your father is about to retire, and he wants to buy an annuity that will provide him with $84,000 of income a year for 25 years,

with the first payment coming immediately. The going rate on such annuities is 5.15%. How much would it cost him to buy the annuity today

1 answer:

Gekata [30.6K]3 years ago

3 0

Answer:

reach us to get instant help with your assignments https://toplivewriters.com

Explanation:

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Which of the following statements about the Federal Application for Student Aid (FAFSA) is TRUE? AYou can only apply online. BTh

beks73 [17]

C. the irs data retrieval tool allows to view and transfer your tax information directly into your FAFSA form

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3 years ago

Read 2 more answers

Strait Co. manufactures office furniture. During the most productive month of the year, 3,300 desks were manufactured at a total

Elza [17]

Answer:

Using the high-low method of cost estimation, total fixed costs are $47,020

Explanation:

Cost at highest level of activity = $82,000.00

Cost at Lowest level of activity = $59,000.00

Highest level of activity = 3,300

Lowest Level of activity = 1,130

Variable cost per unit = $(82,000 - 59,000) ÷ (3,300 -1,130)

Variable cost per unit = $23,000 ÷ 2,170

Variable cost per unit = $10.60

Fixed Costs = $82,000 - (3,300 × 10.60)

Fixed Costs = $47,020

6 0

3 years ago

On September 1, Capitol Maintenance Company contracted to provide monthly maintenance services for the next seven months at a ra

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

($2300 * 4 months)

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2 years ago

Blue Inc., a highly profitable consumer goods manufacturing company, invests in a number of social responsibility initiatives th

rewona [7]

Answer:

Virtuous Circle

Explanation:

Virtuous circle occurs when one good events feeds on itself to improve business further. In the question, blue inc. invested in social responsibilities initiative (a good event) which on turn generated profits for the company (improved the business), probably by the event leading them to having more loyal customers.

It is a self propagating advantageous situation in which a successful solution or events leads to more desired results or success. It creates a positive feedback loop, creating goodwill with the customers.

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2 years ago

Assume that a bank receives a cash deposit of $9,000 from a customer. What is the immediate impact of this transaction on the mo

mariarad [96]

Answer:

the money multiplier = 1 / reserve ratio

in this case, the reserve ratio is 10% (required) + 10% (voluntary) = 20%, so the money multiplier = 1/20% = 5

What is the immediate impact of this transaction on the money supply?

None, since the money supply doesn't change. When a customer deposits money in a bank, the money does not increase, only its composition changes.

The maximum amount by which this bank will increase its loans from the transaction in part (a)

the bank will be able to loan ⇒ total deposit x (1 - reserve ratio) = $9,000 x (1 - 20%) = $7,200

The maximum increase in the money supply that will be generated from the transaction in part

since the banks started to "create" money by lending the money, the money supply will increase by ⇒ total deposit x (money multiplier - 1) = $9,000 x 4 = $36,000

Assume that the government increases spending by $9,000, which is financed by a sale of bonds to the central bank. Indicate what will happen to the money supply.

The money supply will increase.

Explain what will happen to the money demand.

The money demand will also increase because aggregate demand and income will increase. Aggregate demand will increase by ⇒ $9,000 x government multiplier. The government multiplier = 1 / MPS.

6 0

3 years ago