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In-s [12.5K]
2 years ago
15

An ordinary annuity selling at $14,130.15 today promises to make equal payments at the end of each year for the next twelve year

s (N). If the annuity’s appropriate interest rate (IN) remains at 8.00% during this time, the annual annuity payment (PMT) will be
Business
1 answer:
lutik1710 [3]2 years ago
5 0

Answer:

PMT = $1875.00

Explanation:

The annuity refers to a series of fixed payments made after an equal interval of time and for a definite time period. The formula for the present value of annuity is,

<u />

<u>For ordinary annuity</u>

PV of annuity = PMT * [(1 - (1+IN)^-n) / IN]

Plugging in the values for the available variables. We calculate the PMT to be,

14130.15 = PMT * [(1 - (1+0.08)^-12) / 0.08]

14130.15 = PMT * 7.536078017

14130.15 / 7.536078017   =   PMT

PMT = $1875.000493 rounded off to $1875.00

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Benjamin works at an automobile manufacturing company. The country in which the company operates is facing a heavy trade deficit
klasskru [66]

Answer:

The correct answer would be Command Economic System.

Explanation:

Economic systems define the control of the government on the economic resources and the institutions of the country. There are four major economic systems. One is Traditional Economic System, other is Command Economic System, third one is Market Economic System and the fourth one is Mixed Economic System.

Command Economic System is an economic system in which the central powers are with the government. Government regulate the decisions of economy as well as of the institutions. In this type of economy, the government dictates the companies to do whatever the government says and thinks is the best for the country's economy.

So in this question, government thinks that the best way to overcome the trade deficit is to increase the exports of the Sedan cars at a competitive price in the international market without seeking any advice from the automobile manufacturers. This type of economic system is called the Command Economic System.

7 0
2 years ago
Ethan's job as an accounting assistant was recently modified to include reconciling bank accounts and making deposits, two tasks
jek_recluse [69]

Answer:

The correct option is C,job enrichment

Explanation:

Job enlargement refers adding additional tasks to an employee's job description and it is done for different reasons. The chief possible motive for job enlargement could be prepare the employee for a higher role.

Satisficing on the job involves ensuring one is able to attend to tasks one is saddled with in order to achieve a balance between different stakeholders' expectations instead of prioritizing one's stakeholder's need over another.

Job enrichment is a way of encouraging employees to give out their best output by assigning to them jobs previously reserved for more senior employees

Job design implies making decision on a job description by considering tasks that could be combined and performed by a single employee

Job development is about appraising an employee with a view to discovering his growth needs on the job and make adequate arrangement in terms of training to enable the employee to bridge the skills gap

The bone contention here is between options A and C,but C is preferred since the additional tasks are tasks previously meant for one's managers.

7 0
2 years ago
Tina's Track Supply's market-to-book ratio is currently 4.5 times and PE ratio is 10.5 times. If Tina's Track Supply's common st
otez555 [7]

Answer:

$22.2222, $9.5238, respectively

Explanation:

The market-to-book ratio is given by a share's market value divided by its book value, if shares are selling for $100 on the market, the book value is:

B = \frac{\$100}{4.5}=\$22.2222

The price to earnings ratio (PE ratio) is determined as a share's price divided by the earnings per share. Earnings per share are:

E=\frac{\$100}{10.5}\\E=\$9.5238

The book value per share and earnings per share are $22.2222, $9.5238, respectively

5 0
2 years ago
a carpet company paid $2496 for an imported rug. Their operating expenses are 35% of cost. if they sell the rug at a clearance p
yuradex [85]
I’m not sure but a calculator will help you. Actually you should look up websites that does your homework for u. It’s the best cheat sheet!
3 0
2 years ago
Which of the following is TRUE regarding journal entries: a) There are always only two accounts affected b) The total amount deb
Free_Kalibri [48]

Answer: b) The total amount debited must equal the total amount credited

Explanation:

Journal entries on the debit side must always equal entries on the credit side. This is to fulfil the Accounting requirement of Double Entry where every entry in the books must have an equal and corresponding entry as well.

There can be multiple accounts represented in the journal entry but the amount on the credit side needs to balance with the amount on the debit side.

For example, a good to sold to Hillary by Trump for $30. Trump gives Hillary a discount of 10%. Trump will record that entry as,

DR Cash $27

DR Sales Discount $3

CR Accounts Receivable $30

Notice that the Debit side has 2 accounts but they still add up to the $30 on the Credit side.

4 0
2 years ago
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