Answer: 20097
Explanation:
Based on the information provided, the value of the annuity this family collects every year will be calculated as:
Present value of annuity will be:
= Annual cash flow × Interest rate
= 401,935 × 5%
= 401935 × 5/100
= 401935 × 0.05
= 20096.75
= 20097
The annuity collected every year will be 20097.
What is the present value of the following set of cash flows, discounted at 15% per year? Year 1 2 3 4 Cash flow $100 -$100 $200 -$200
Answer:
$28.51
Explanation:
The computation of the present value of the following cash flows is as follows;
Present value factor = 1 ÷ (1 + rate of interest)^number of years
Now the present value is
= $100 × present value factor of year 1 - $100 × present value factor of year 2 + $200 × present value factor of year 3 - $200 × present value factor of year 4
= $100 × 0.8696 - $100 × 0.7561 + $200 × 0.6575 - $200 × 0.5717
= $86.96 - $75.61 + $131.5 - $114.34
= $28.51
You plan to retire in 30 years and plan to contribute the same amount of money each year to your retirement fund. The fund earns 7% compounded annually. If you would like to withdraw $100,000 each year for 20 years, starting 1 year after the last contribution is made. Approximately how much money should you contribute to your retirement fund each year
Answer:
$11,215.24
Explanation:
After retirement:
Annual Withdrawal = $100,000
Period = 20 years
Annual Interest Rate = 7%
Amount required at retirement = $100,000 * PVIFA(7%, 20)
Amount required at retirement = $100,000 * (1 - (1/1.07)^20) / 0.07
Amount required at retirement = $100,000 * 10.5940
Amount required at retirement = $1,059,400
Before retirement:
Period = 30 years
Annual Deposit * FVIFA(7%, 30) = $1,059,400
Annual Deposit * (1.07^30 - 1) / 0.07 = $1,059,400
Annual Deposit * 94.46079 = $1,059,400
Annual Deposit = $11,215.24
So, you should contribute $11,215.24 each year into your retirement fund.
4-55 A firm expects to install smog control equipment on the exhaust of a gasoline engine. The local smog control district has agreed to pay to the firm a lump sum of money to provide for the first cost of the equipment and maintenance during its 10-year useful life. At the end of 10 years the equipment, which initially cost $10,000, is valueless. The firm and the smog control district have agreed that the following are reasonable estimates of the end-of-year maintenance costs: Year 1 2 3 4 5 $75 100 125 150 175 Year 6 7 8 9 10 $200 225 250 275 300 Assuming interest at 6% per year, how much should the smog control district pay to the firm now to provide for the first cost of the equipment and its maintenance for 10 years
Answer:
the amount that should be paid is $11,292
Explanation:
The computation of the amount that should be paid is shown below:
Present worth is
= $10,000 + $75(P/A, 6%, 10) + $25(P/G, 6%, 10)
= $10,000 + $75 × 7.3601 + $25 × 29.6023
= $11,292
Hence, the amount that should be paid is $11,292
We simply applied the above calculation
Assault and battery is a tort not a crime when the action involves people who know each other
Answer:
it is an assault if they know you, but they can choose if you are accused of it.
Explanation:
[Related to Solved Problem 3.1B] In 2015, the Washington Nationals baseball team signed pitcher Max Scherzer to a contract to play for them for seven years. He would be paid $15 million dollars per year for 14 years—an additional 7 years beyond the end of the time he would be committed to play for the Nationals. The contract was widely reported as being worth $210 million (or $15 million per year×14 years). One baseball writer argued, though, that "this deal serves as a nice reminder that the payment terms of a deal can have an impact on the actual value of the contract." Source: Dave Cameron, "Max Scherzer and When $210 Million Isn't $210 Million," fangraphs, January 19, 2015. Which of the following statements best represents the actual value of the contract? A. The actual value of the contract is more than $30 million for each year he plays. B. Scherzer's contract is worth $210 million on the day he signs it. C. The actual value of the contract is less than $30 million for each year he plays. D. The actual value of the contract is $30 million for each year he plays. Assume for simplicity that Scherzer receives his $15 million per year salaries for 2018, 2019, and 2020 at the end of each calendar year. The interest rate for this period of time is 7%. The present value of the salaries he will receive for these three years on January 1, 2018 is approximately A. $41.9 million. B. $45 million. C. $36.7 million. D. $39.4 million.
What are bank notes in economics?
Answer:
A banknote is a negotiable promissory note which one party can use to pay another party a specific amount of money. A banknote is payable to the bearer on demand, and the amount payable is apparent on the face of the note.
After marketers have defined a problem they need to solve, what is the next
step in the marketing research process?
A. Analyze the situation.
B. Write a survey.
C. Create a database.
D. Collect data.
After marketers have defined a problem they need to solve, Analyze the situation is the next step in the marketing research process. The appropriate response is option A.
What is marketing research process?The goal of the marketing research process is to gather information about your target market's attitudes and opinions so you can evaluate your current goods and services or test ideas for making them better. Additionally, it can measure how customers view your business.
Market research gives you vital knowledge about your industry and competitive environment. It can inform you of how the target clients and customers you want to reach view your business.
An in-depth evaluation of a market within a particular industry is what is known as a market analysis.
Hence, the appropriate response is option A.
To learn more about marketing research process
https://brainly.com/question/14663280
#SPJ2
What type of wave is sound?
A. Electromagnetic
B. Longitudinal
C. Transverse
D none of the above
Answer:
b longitudinal
Explanation:
it is b longitudinal. I just know
Answer:
Your answer is B
Explanation:
Sound waves in air (and any fluid medium) are longitudinal waves because particles of the medium through which the sound is transported vibrate parallel to the direction that the sound wave moves. A vibrating string can create longitudinal waves as depicted in the animation below.
XYZ just deposited $3,700 in an account that will earn 7.1 percent per year in compound interest for 9 years. If Svetlana deposits $4,000 in an account in 3 years that earns simple interest, then how much simple interest per year must Svetlana earn to have the same amount of money in 9 years from today as XYZ will have in 9 years from today
Answer:
11.92%
Explanation:
The computation of the simple interest per year is shown below:
Future value would be
= Deposited Amount × (1 + rate of interest)^years
= $3,700 × (1 + 7.1%)^9
= $6,859.73
Now the simple interest is
= (Future value ÷ deposit) - 1 ÷ number of year
= ($6,859.73 ÷ $4,000) - 1 ÷ 9
= 0.71493 ÷ 9
= 11.92%
When determining whether you NEED to file a federal tax return, each of these questions matters EXCEPT...
1.What state do you live in?
2.How much income did you earn this year?
3.What type of income did you earn this year?
4.Are you claimed as a dependent on anyone else's tax return?
A- The state you live in should not hold importance when filing the income tax return. The all other options are required to be filed as they are important to determine the tax slabs and deductions a person may get.
Suppose two persons earn exactly same income in a particular year and both the people belong to a different state, in such case both the person will be liable for equal taxation.
While filing an income tax return, there are various things that need to be disclosed so as to determine what tax slabs a person belongs to and what are the deduction he may avail.The amount of income, the nature of income like income from salary/business or profession/house property/other sources and whether such person is taxable or not due to dependency on others needs disclosed. To conclude it doesn't matter which state a person belongs for the taxability of such person while filing an income tax return.Hence, the correct option is A that the the residency of state of such person will not matter for the purpose of filing his tax return.
To know more about tax returns, refer the link below.
https://brainly.com/question/14315557
Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $86,722. The Focus Company initially offered to buy the land for $111,289. The companies settled on a purchase price of $212,000. On the same day, another piece of land on the same block sold for $103,641. Under the cost principle, at what amount should the land be recorded in the accounting records of Focus Company
Answer: $212,000
Explanation:
Under the cost principle, the amount that the land should be recorded in the accounting records of Focus Company would be $212,000.
It should be noted that under the cost principle, any property that can be considered to be an asset would have to measured at its cost.
Since the companies settled on a purchase price of $212,000, that'll be the amount that will be recorded.
Answer correctly and u will receive brainliest and 15 pts
Answer:
b
Explanation:
Answer:
The chemistry professor with a doctoral degree would have the highest pay.
Pretend you are a project manager employed by a General Contracting firm. Your company is currently serving as a Construction Management at Risk for a project and is requiring all vendors, material suppliers and subcontractors to submit digital design files. Provide 3 strategies you may implement to facilitate interoperability issues. Provide detailed descriptions of each strategy and explain why
Answer:
Three strategies for facilitating interoperability as a Risk Construction Manager are:
1. I'll carry out compatibility tests
2. Ensure that the engineering products used have a common standard and have a common technology
3. Use a system of interaction with common technology and coding language
Explanation:
The ability for a system with various different components to achieve harmony to the end that those different components are able to work together without any hindrances is called Interoperability.
Compatibility checking, using engineering products with a shared specification and using the same hardware, programming language across multiple platforms, if necessary, are aimed at enhancing or achieving interoperability.
Cheers
An investment, which has an expected return of 5.9%, is expected to make annual cash flows forever. The first annual cash flow is expected in 1 year and all subsequent annual cash flows are expected to grow at a constant rate of 2.5% per year. We know that the cash flow expected in 1 year from today is expected to be $4,500. What is the present value (as of today) of the cash flow that is expected to be made in 3 years from today
Answer:
$3,980.82
Explanation:
Rate per annum = 5.9%
Number of years = 3
No of compounding per annum = 1
Rate per period = 5.9%
Number of period = 3
Future value = 4500*(1+0.025)^2 = $4727.81
PV of 3 years cashflow = Fv * [1/[(1+r)^n]]
PV of 3 years cashflow = $4727.81 * [ 1 / (1+5.9%)^3]
PV of 3 years cashflow = $4727.81 * [1 / 1.059^3]
PV of 3 years cashflow = $4727.81 * 1/1.187648379
PV of 3 years cashflow = $4727.81 * 0.842000057
PV of 3 years cashflow = $3980.81628948517
PV of 3 years cashflow = $3,980.82
Your boss on the West Coast says he needs your updated spreadsheet by 5:00 on Friday. You assume he means Pacific time, but you are working in Washington, DC. You submit your updates at 6:00 Eastern time and consider yourself two hours within the deadline. When you arrive at work on Monday morning, there is a scathing e-mail in your inbox. It turns out your boss, knowing you were in Washington, DC, was translating time for you and meant 5:00 Eastern time. This misunderstanding happened because your boss used
Answer:
equivocal terms.
Explanation:
Since in the question it is mentioned that your boss needs the updated sheet by 5:00 on friday but you presume that it means the pacific time and according to this you submit the updated at 6:00 but at the morning morning there would be a scathing email so this misunderstanding would be occured due to equivocal terms as it deals with the multiple meanings
The dean of a school of business is forecasting total student enrollment for this year's summer session classes based on the following historical data: Year Enrollment Four years ago 2000 Three years ago 2200 Two years ago 2800 Last year 3000 What is this year's forecast using the least squares trend line for these data
Answer:
I used an Excel spreadsheet to calculate R² which gives us the least squares trend. See attached image.
y = 360x + 1600
R² = 0,9529
next year's enrollment should be = (360 x 5) + 1600 = 3400
For the backpack buyer, note the importance of each of the five main characteristics under PREFERENCES and consider each in terms of the five steps. Why are CAPACITY and WATERPROOF the most influential preferences in buyer behavior for the Outdoor Enthusiast?
Answer:
Outdoor enthusiasts love to spend time in nature. One of the ways they do so is by traveling, hiking, cycling, etc. Many times they need to carry equipment that's heavy and are exposed to all manner of weather elements such as fog, rain, heat, etc.
So if the bag cannot contain many items, it's usually a put-off for them. Also, any outdoor person would want their personal items to remain dry regardless of the weather.
This is the reason why for them, both Capacity and Waterproof scores as high as 83% amongst the other factors that influence their demand for a backpack.
Cheers
Outdoor Enthusiasts can consider a large backpack—one that can handle the elements—since they are likely hiking or camping for more than a day.
What are the outdoor enthusiasts ?The outdoor enthusiast is those who like to travel outside their country and loves recreation. They take part in various activities like sports, music, outdoor adventure sports like Bungy rope, scuba diving and thus take on with themselves a backpack that consists of all stuff that is required for the adventurous destination. Their backpacks include all-weather camping gear and emergency equipment.
Find out more information about the backpack buyer.
brainly.com/question/13763238.
Please answer thank you !!!
Diaz Company owns a machine that cost $126,500 and has accumulated depreciation of $91,600. Prepare the entry to record the disposal of the machine on January 1 in each seperate situation. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return. Diaz sold the machine for $15,500 cash. Diaz sold the machine for $34,900 cash. Diaz sold the machine for $40,400 cash.
Answer:
S/n Account Titles and Explanation Debit Credit
1. Accumulated Dep - Machine Equipment $91,600
Loss on Disposal $34,900
Machine Equipment $126,500
(To record disposal)
2. Cash $17,500
Accumulated Dep - Machine Equipment $91,600
Loss on sale/disposal $17,400
Machine Equipment $126,500
(To record sale)
3 Cash $34,900
Accumulated Dep - Machine Equipment $91,600
Machine Equipment $126,500
(To record sale)
4 Cash $40,400
Accumulated Dep - Machine Equipment $91,600
Gain on sale/disposal $5,500
Machine Equipment $126,500
(To record sale)
An unacceptable treatment for the presentation of current liabilities is: A : Listing current liabilities according to amount. B : Showing current liabilities immediately below current assets to obtain a presentation of working capital. C : Offsetting current liabilities against assets that are to be applied to their liquidation. D : Listing current liabilities in order of maturity.
Answer:
The answer is c!
Explanation:
During 2020, Mike's current FICA taxable is $2,700 and will not change for the remainder of the year. As of the 48th pay, he had earned $134,400 as FICA taxable income (he had a bonus earlier in the year). Determine the amount of FICA taxes to be withheld from the next three payroll periods.
Answer:
Social Security:
Week 49 = $167.4
Week 50 = $37.20
Week 51 = $0
Medicare Tax:
Week 49 = $39.15
Week 50 = $39.15
Week 51 = $39.15
Explanation:
Note: This question is not complete. But I have found similar question on the internet and in that question we are asked to assume the Tax Caps 2020. So, we will solving this question accordingly.
Solution:
According to 2020 slabs Social Security W/H, the upper limit is $137,700, after this amount employer will not withhold social security tax.
On the other hand, there is no limit for Medicare Tax.
According to the question, we know that, Mike's Pay period per amount = $2700.
And, until 48th pay, he has earned $134,400
So,
For week 49, the amount of 2700 will be added to the net amount.
$134,400 + $2700 = $ 137,100
Hence, it does not breach the upper limit so, it will be taxed to $2700 only.
%6.2 x 2700 = $167.4
For Week 50, now the net amount is $ 137,100, and further $2700 will definitely breach the upper limit by $600.
$ 137,700 - $137,100 = $600
So, the $600 will be taxed for 6.2%
6.2% x $600 = $37.20
For week 51, there is clear breach of the upper limit, so according to the 2020 slab for social security, there will be no social security tax over the limit of $137,700. Hence, it will be 0.
Now, for Medicare Tax:
There is no limit.
And 1.45% on the FICA.
FICA earned per period = $2700
Hence,
1.45% x $2700 = $39.15 for each week.
So,
Social Security:
Week 49 = $167.4
Week 50 = $37.20
Week 51 = $0
Medicare Tax:
Week 49 = $39.15
Week 50 = $39.15
Week 51 = $39.15
MacKenzie Company sold $420 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 5.0% service charge for sales on its credit cards. MacKenzie electronically remits the credit card sales receipts to the credit card company and receives payment immediately. The journal entry to record this sale transaction would be: Multiple Choice
Answer:
See below
Explanation:
Credit card expense = 5% of sales value $420 = $21
U.S. Treasury bills are available for purchase this week at the following prices (based upon $100 par value) and with the indicated maturity: $97.75, 182 days. (1) Calculate the bank discount rate (DR) on this bill if it is held to maturity. (2) What is the equivalent yield to maturity (sometimes called the bond-equivalent or coupon equivalent yield) on this Treasury bill
Answer and Explanation:
The computation is shown below:
Given that,
Price = $97.75
Time = 182 days
Face value = $100
Based on the above information
1) bank discount rate is
= (Face value - price) ÷ Face value × 365 / Time
= ($100 - $97.75) ÷ 100 × (365 / 182)
= 0.0225 × 2.005494
= 0.0451 (or) 4.51%
2) equivalent yield to maturity
= (Face value ÷ price)^365 ÷ Time - 1
= ($100 ÷ $97.75)^365 ÷ 182 -1
= 0.04669 (or) 4.66%
1. For financial accounting purposes, what is the total amount of product costs incurred to make 21,750 units
Answer: $450,225
Explanation:
Product costs = Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead
= (21,750 * 7.80) + (21,750 * 4.80) + (21,750 * 2.30) + (21,750 * 5.80)
= 169,650 + 104,400 + 50,025 + 126,150
= $450,225
A trial balance has total debits of $36,000 and total credits of $48,500. Which one of the following errors would create this imbalance?
A.) A $6,250 debit to utilities expense in a journal entry was incorrectly posted to the ledger as a $6,250 credit, leaving the utilities expense account with a $7,000 debit balance.
B.) A $12,500 debit to salaries expense in a journal entry was incorrectly posted to the ledger as a $12,500 credit, leaving the salaries expense account with a $2,350 debit balance.
C.) A $6,250 credit to consulting fees earned (revenues) in a journal entry was incorrectly posted to the ledger as a $6,250 debit, leaving the consulting fees earned account with a $14,300 credit balance.
D.) A $6,250 debit posting to accounts receivable was posted mistakenly to land.
E.) A $12,500 debit posting to equipment was posted mistakenly to cash.
F.) An entry debiting cash and crediting accounts payable for $12,500 was mistakenly not posted.
Please answer which one is it. Thank you!
Answer:
$2,250 debit to Rent Expense in a journal entry is incorrectly posted to the ledger as a $2,250 credit, leaving the Rent Expense account with a $3,000 debit balance
Explanation:
Answer:
is the repondet the
F.) An entry debiting cash and crediting accounts payable for $12,500 was mistakenly not posted
Lanson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts payable $ 25,000 Bonds payable, due 2030 22,000 Salaries payable 16,000 Notes payable, due 2022 20,000 Notes payable, due 2026 40,000 What amount should be included in the current liabilities section of Lanson’s December 31, 2021, balance sheet?
Answer:
$61,000
Explanation:
Calculation for What amount should be included in the current liabilities section of Lanson’s December 31, 2021, balance sheet
Accounts payable $ 25,000
Add Salaries payable $16,000
Add Notes payable, due 2022 $20,000
December 31, 2021 Current liabilities section $61,000
($25,000+$16,000+$20,000)
Therefore the amount that should be included in the current liabilities section of Lanson’s December 31, 2021, balance sheet will be $61,000
The systems theory Multiple Choice emphasizes that an organization is one system in a series of subsystems. implements a piecerate system in which workers are paid additional wages when they exceed a standard level of output for each job. enforces a system that suggests that frontline supervisors should receive a bonus for each of their workers who completed their assigned daily tasks. develops a system to lower costs and increase worker productivity by showing how employees could work smarter, not harder. suggests that organizations are effective when they have the social system and the technical system to make products and services that are valued by customers.
Answer:
The systems theory:
emphasizes that an organization is one system in a series of subsystems.
Explanation:
A systems theory approach is a theoretical perspective that focuses on the interactions and relationships between parts of a whole. The theory helps to understand how an entity is organized, functions, and produces outcomes, which impact its growth. It also explains how rules and regulations are applied to govern an organization towards the achievement of its goals.
The systems theory is emphasizing that an organization is one system in a series of subsystems. Thus, option (a) is correct.
The systems theory of organization asserts that organizations are composed of many subsystems that are not necessarily related to one another but work together to form the whole.
The systems approach to management looks at a business as a series of systems and subsystems that interact with one another to create the overall organizational system.
In the systems approach to management, employees are more focused on achieving a collective goal for an organization rather than operational output.
Therefore, option (a) is correct
Learn more about on systems theory, here:
https://brainly.com/question/9557237
#SPJ4
Your question is incomplete, but most probably the full question was.
The systems theory:
Multiple Choice
A. Emphasizes that an organization is one system in a series of subsystems.
B. Implements a piece rate system in which workers are paid additional wages when they exceed a standard level of output for each job.
C. Enforces a system that suggests that frontline supervisors should receive a bonus for each of their workers who completed their assigned daily tasks.
D. Develops a system to lower costs and increase worker productivity by showing how employees could work smarter, not harder.
E. Suggests that organizations are effective when they have the social system and the technical system to make products and services that are valued by customers.
Calculate the selling price per unit charged by the outside supplier that would make ABC Company economically indifferent between making and buying the part. Enter your answer with two places after the decimal point (i.e., 78.90).
Question Completion:
ABC Company makes 40,000 units per year of a part it uses in the products it manufactures. The per unit product cost of this part is shown below:
Direct materials = $15.30
Direct labor = 27.40
Variable overhead 2.10
Fixed overhead = 24.70
Total = $69.50
An outside supplier has offered to sell ABC Company 40,000 units of this part a year for $66.10 per unit. If ABC Company accepts this offer, the facilities now being used to make this part could be used to make more units of a product that is in high demand. The additional contribution margin that could be earned on this other product would be $100,000 per year. If ABC Company accepts the outside supplier's offer, $21.90 of the fixed overhead cost being applied to the part would be eliminated. The remaining amount would continue to be incurred and would be allocated to the company's remaining products.
Calculate the selling price per unit charged by the outside supplier that would make ABC Company economically indifferent between making and buying the part. Enter your answer with two | places after the decimal point (i.e., $78.90)
Answer:
ABC Company
The selling price that the outside supplier would charge ABC Company to make it economically indifferent between making and buying the part is:
= $90.50
Explanation:
a) Data and Calculations:
Required annual quantity of the part = 40,000 units
Outside supplier's price per unit = $66.10
Total savings = 24.40
Total price for ABC to be indifferent = $90.50
Savings from outside supply:
Additional contribution ($100,000/40,000) = $2.50
Eliminated fixed costs = $21.90
Total savings = $24.40
b) ABC Company would be indifferent and equally satisfied if the outside supplier charges it $90.50 or it makes the part at a per-unit cost of $69.50 while it loses a benefit or savings (otherwise called opportunity cost) of $24.40.
If a company is considering the purchase of a parcel of land that was originally acquired by the seller for $98,000 is currently offered for sale at $176,000, is considered by the purchaser as easily being worth $166,000, and is finally purchased for $163,000, the land should be recorded in the purchaser's books at:
Answer:
$163,000
Explanation:
Based on the information given in a situation where the company is considering the purchase of a land which means that if the parcel of land was finally purchased for the amount of $163,000 the amount in which the land should be recorded in the purchaser's books will be the amount of $163,000 which was the amount that was finally used to Purchased the land.
Therefore the land should be recorded in the purchaser's books at:$163,000
If real GDP grew by 6 percent and population grew by 2 percent, then real GDP per person grew by approximately ______ percent.
Answer:
3%
Explanation:
Real GDP per person is a measure of the economic wellbeing of the populace of a country.
Real GDP per person = Real GDP / population
6% / 2% = 3%
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.