Answer:
FV= $1,930,661.48
Explanation:
Giving the following information:
Joe's starting salary is $80,000 per year. He plans to put 10% of his salary each year into a mutual fund. He expects his salary to increase by 5% per year for the next 30 years, and then retire. If the mutual fund will average 7% annually
We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {8000*[(1.12^30)-1]}/0.12= $1,930,661.48
Answer and Explanation:
Penelope Hassey has to assume that the total sale of the firm is $100 and given that the Profit Margin ratio is 19%.
The scenario shows that on every $100 of sale company get a net profit margin of $19
Note :
Profit margin = Net sales × Profit margin ration
Profit margin = $100 × 19%
Profit margin = $19
Answer:
June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.
- Dr Notes receivable 48,000
- Cr Accounts receivable 48,000
Sept. 21 The note is dishonored by Radon Express Co.
- Dr Accounts receivable 48,960
- Cr Notes receivable 48,000
- Cr Interest revenue 960
When a customer defaults on a note, the company is allowed to convert the note back to accounts receivable and charge any accrued interests. Depending on the client, the company can give them more time (by switching back the note into accounts receivable) or the company can write off the note and try to sell it to a collection company.
Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.
- Dr Cash 49,368
- Cr Accounts receivable 48,960
- Cr Interest revenue 408
Answer:
Correct answer:
b) lower prices for consumers and producers
Explanation:
In United States of America, food is one of the fundamental things which the government guarantee its citizens. Most agricultural products are subsidized by the government both for the farmers (producer) and the citizens (consumers).
<em>The subsidy for the producer could be inform of payment of incentive, giving out agricultural implements and grants. On the other-hand, the subsidy to the consumer could be inform of reduced price of the agricultural food crops.</em>
Answer:
4) All of the above
Explanation:
The day care program should have rewardedbeing on time to encourage this attitude.
Instead they put a price on being late. As parent considers this price cheap they arrive later to have some extra time beofre picking their childrens
Either the day care program reconsiders the fine policy and moves into a better program to estimulate being on time or it increases the "price" so is more expensive for the parents to come in time rather than paiying their fines.
