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Maru [420]
2 years ago
6

he local botanical society wants to ensure that the gardens in the town park are properly cared for. The group recently spent $1

00,000 to plant the gardens. The members want to set up a perpetual fund to provide $100,000 for future replantings every 10 years. a) If interest is 5%, how much money is needed for the fund?b) If the last replanting is in year 100, how much
Business
1 answer:
Gennadij [26K]2 years ago
7 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The members want to set up a perpetual fund to provide $100,000 for future replantings every 10 years. The interest rate is 5%.

I will assume that the money is deposited as a lump sum:

FV= PV* (1 + i)^n

PV= FV/ (1+i)^10

PV= 100,000 / 1.05^10= $61,391.33

Now, if n is 100 years:

PV= 100,000/ 1.05^100= $760.45

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The Nantell Corporation just purchased an expensive piece of equipment. Assume that the firm planned to depreciate the equipment
gtnhenbr [62]

Answer:

D

Explanation:

Nantell's operating income (EBIT) will increase., because now the company will record lower depreciation expense in the income statement due to increase in the life from 5 to 7 taken for the depreciation purposes. So decline in depreciation will result in higher EBIT.

a. is wrong as lower depreciation means higher net income.

b. is wrong as tax liability will not get impacted as tax will follows old method of depreciation.

c. is incorrect as depreciation is non cash expense thus does not impact cash position and tax has already be on the earlier method.

e. is incorrect as increase in EBIT will result in higher taxable income.

hence option D is the only correct option

4 0
2 years ago
A customer is looking for a particular brand of sunscreen and has not been able to find it in the store. He approaches you and a
pav-90 [236]

Explanation:

Considering the given situation, I am being a shop keeper and you are being a customer.

Most likely to do:

  • Customers are king. So I don't want to tell any customer "no". So I would support him by saying "Currently the stock has moved, we expect the order to be placed today and will assure to give him tomorrow".
  • So the customer will get hope and would continue to bring business. Building rapport and keeping contacts with customer is the most important.

Least likely to do:

  • Just say to the customer that the stock is not available.
3 0
2 years ago
Is Faraj legally required to pay this additional amount in this case? Melissa Faraj owns a lot and wants to build a house accord
lubasha [3.4K]

Answer:

The issues that arises between the Faraj and Siegel can be discussed by three different groups in resolving the contract agreement.

Note: Kindly find an attached copy of the complete question below.

Explanation:

Solution

In this case between Faraj and Siege'ls building contractors the following issue are discussed by three groups as follows:

(1) The contractor can increase the price of finishing construction based on inflation and the cost of raising materials during inflation prices for the materials increases or goes up and this will affect the customer gradually.

(2) Faraj will not pay the additional amount requested by Siegel because according to the contract the amount she has to pay is $153,000

(3) Issues or problems that might come up during construction is listed below:

  • Poor communication
  • Not feasible or impractical forecasting
  • The unavailability of structure

3 0
2 years ago
Which conclusion does this graph most support?
ahrayia [7]

Answer:

C. Product A has more elastic demand than product B.

Explanation:

The graph plotted above shows the quantity demanded for 2 products in relation to their prices.

Looking at the graph, we visually conclude that product A is more responsive to a change in price, compared to how responsive product B is to a change in price.

Invariably, a change in the price of commodity A causes a greater change in the quantity demanded, compared to a change in quantity demanded for product B, with almost the same change in price.

Option C is the answer.

5 0
2 years ago
An ad for Maybelline age-minimizing makeup in Ladies' Home Journal magazine featured actress Melina Kanakaredes and offered read
mina [271]

Answer:

The correct answer is C

Explanation:

A brand named Maybelline released an ad for the product of age minimizing makeup and offering the readers the $1 off coupon, so in terms of the communication, the source is the term which is described as the person or the reader who use the service or the product.

Therefore, the source of the ad is the readers who redeem the coupon featuring off $1 on the product.

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