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mash [69]
2 years ago
9

You have just started a new job and plan to save $5,300 per year for 34 years until you retire. You will make your first deposit

in one year. How much will you have when you retire if you earn an annual interest rate of 9.37 percent
Business
1 answer:
makkiz [27]2 years ago
8 0

Answer:

$1,132,145

Explanation:

n = 34 years

PMT = $-5,300 (Annual savings)

i/r = 9.37% (Annual interest rate)

PV = 0 (no savings at year 0)

FV = ? (How much will you have when you retire)

Using financial calculator, FV = $1,132,145

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GMC is considering launching a new line of hybrid diesel-electric SUVs. The heavy advertising expenses associated with the new S
uranmaximum [27]

Answer:

$24 million

Explanation:

Given that

Tax rate = 30%

Pre-tax income = $80 million

The calculation of  pre-tax income next year is shown below:-

The 30% taxes on pre-tax income × $80 million next year

= 30% × $80 million

= $24 million

Therefore, SUV is not introduced so here we will not consider the operating loss for the next year $30 million.

4 0
2 years ago
The Tom Smith Corporation has the following items: Cash, $5,000; Machinery, $50,000; Building, $150,000; Note payable bank, $10,
olga_2 [115]

Answer:

$245,000

Explanation:

Total assets for Tom Smith Corporation can be calculated as follows:

Cash                                                                    $5,000

Machinery,                                                          $50,000

Depreciation Machinery                                    ($25,000)

Building                                                               $150,000

Depreciation Building,                                       ($35,000)

Savings                                                                $10,000

Accounts receivable,                                          $30,000

Inventory                                                             $10,000

Land                                                                     $50,000

Total Assets                                                         $245,000

3 0
2 years ago
You share a cab ride with your company's CEO and he talks enthusiastically about the __________, that can be achieved when the s
mars1129 [50]

Answer:

The correct answer is letter "B": Synergy.

Explanation:

Synergy is the belief that the whole is more than the sum of all its parts. In Business, synergy implies that the whole organization is more important than the individual effort of the employees. This approach aims to let workers know that their joint work is more valuable than their isolated performance.

3 0
2 years ago
Dermody Snow Removal's cost formula for its vehicle operating cost is $3,010 per month plus $331 per snow-day. For the month of
bogdanovich [222]

Answer:

$390F

Explanation:

The Dermody variance for vehicle operating cost can be determined using the below mentioned formula:

Dermody vehicle operating cost variance=Planned vehicle operating cost- Actual vehicle operating cost

In the given question

Planned vehicle operating cost=$3,010+$331*15

                                                    =$7,975

Actual vehicle operating cost=$7,585

Dermody vehicle operating cost variance=$7,975-$7,585

                                                                     =$390F

6 0
1 year ago
Read 2 more answers
U.S. Products operates two divisions with the following sales and expense information for the month of July: East Division: Sale
Zarrin [17]

Answer:

Explanation:

East division segment margin = Contribution margin - Direct fixed expense

Contribution margin = $240,000*35% = $84,000

Direct fixed expenses = $48,000

So segment margin is  84,000 - 48000   = $36000

Answer is option A

3 0
2 years ago
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