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AnnyKZ [126]
2 years ago
7

George Jefferson established a trust fund that will provide $170,500 per year in scholarships. The trust fund earns an annual re

turn of 2.1 percent. How much money did Mr. Jefferson contribute to the fund assuming that only income is distributed?
Business
1 answer:
Dimas [21]2 years ago
4 0

Answer:

$8,119,048

Explanation:

Given that,

Amount of scholarships = $170,500 per year

Trust fund earns an annual rate of return = 2.1 percent

Let x be the amount contribute to the fund and assuming that only income is distributed,

2.1% of x = Amount of scholarships

0.021x =  $170,500

x = $170,500 ÷ 0.021

  = $8,119,048

Therefore, the amount of money that is contributed by the George Jefferson to the trust is $8,119,048.

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The inverse demand for a homogeneous-product Stackelberg duopoly is P = 16,000 - 4Q. The cost structures for the leader and the
Zigmanuir [339]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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2 years ago
Consider a Caribbean cruise route served by two cruise​ lines, Carnival and Royal Caribbean. Both lines must choose whether to c
abruzzese [7]

Answer:

Consider a Caribbean cruise route served by two cruise​ lines, Carnival and Royal Caribbean. Both lines must choose whether to charge a high price ​($320​) or a low price ​($300​) to vacationers. These price strategies with corresponding profits are illustrated in the payoff matrix to the right. ​ Carnival's profits are in red and Royal​ Caribbean's are in blue. Suppose the cruise lines decide to collude. At which outcome are joint profits​ maximized?

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Explanation:

When Carnival picks $320 and Royal Caribbean picks $320, then joint profits are maximized.

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2 years ago
The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000),
cluponka [151]

Answer:

The production exhibit both scope economics and scale economics. They are not mutually exclusive.

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In same breath, we also have the scale economics exhibited by the organization. Taking a deeper look at the cost representation, we will see that the average cost tend to reduce as the production increases. Thus, an economic of scale is achieved here by leveraging on the mass and swift production style of Riverside Rangers logo T-shirts.

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2 years ago
Hodge Inc. has some material that originally cost $74,600. The material has a scrap value of $57,400 as is, but if reworked at a
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Answer:  If the material is reworked and sold, Hodge Inc. has a financial disadvantage of (- 4500).

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2) If we rework the material we will have an original cost of $ 74600, an additional cost for reworking of $ 1500 and the income from its sale would be $ 54400 =

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6 0
2 years ago
Harry is looking at buying a building that has a monthly income of $3,600, a 5% vacancy rate, and annual expenses of $8,640. he
Zigmanuir [339]

Answer:

He should pay = $270,000

Explanation:

<em>The amount he should pay for the investment is the present value of he net income discounted at the rate of return of 12%</em>

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He should pay = $270,000

6 0
2 years ago
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