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Stels [109]
2 years ago
8

Darian has decided to attend an out-of-state public four-year university. His expected expenses are shown in the table. Category

Annual Expected Expense ($) tuition $18,900 room/board $7,650 books/fees $1,475 other expenses $2,350 Darian expects to get $7,500 in grants each year. What is the minimum amount he should expect to contribute for four years at the university? $22,875 $91,500 $114,000 $151,500
Business
2 answers:
Natalija [7]2 years ago
6 0

Answer:

The answer is $91,500

Explanation:

$22,875 x 4 = $91,500.

Marysya12 [62]2 years ago
5 0
The answer is $91,500.
Working:
Total expenses per year = 18900+7650+1475+2350 = $30,375
Expenses less of grant per year = $30,375- 7500= $22,875 (this represents his annual expenditure on college with the grant)
To find out his expenditure for all four years of college = $22,875 x 4 = $91,500.
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Louis owns a stock that has an average geometric return of10.50 percent and an average arithmetic return of 11.00 percent over t
RideAnS [48]

Answer:

Average annual rate of return should Louis expect to earn over the next four years is 10.7%

Explanation:

The formula we are going o use is:

Expected\ Return=\{(\frac{R-1}{N-1})*i_{g}\}+\{(\frac{N-R}{N-1})*i_{a}\}

Where:

R is the number of years over which Louis expect to earn.

N is the number of years of average arithmetic return.

i_{g} is the average geometric return=10.50%=0.105.

i_{a} is the average arithmetic return =11%=0.11.

Solution:

Expected\ Return=\{(\frac{R-1}{N-1})*i_{g}\}+\{(\frac{N-R}{N-1})*i_{a}\}\\Expected\ Return=\{(\frac{4-1}{6-1})*0.105\}+\{(\frac{6-4}{6-1})*0.11\}\\Expected\ Return=0.107

Average annual rate of return should Louis expect to earn over the next four years is 10.7%

4 0
2 years ago
What recommendations would you give to Sundar Pichai, CEO of Google, to compete more effectively against Microsoft? To continue
olga55 [171]

Answer: Optimize more ways in how the search engine can reach people better and solve problems with little or no challenges

Explanation:

Google has to look for ways in how the search engines can reach a wider audience and how they can easily answer people's question without much referrals. Most people get tired when they come online to search for an answer to a question and they are being referred severally to other sites and they end up not getting the desired answer at the end f their search. Google should look for ways in designing their tool to provide answers immediately with little or no bulky referrals.

4 0
2 years ago
Annual maintenance costs for a particular section of highway pavement are $2500. The placement of a new surface would reduce the
rewona [7]

Answer:

The maximum investment is $6,360.111

Explanation:

Giving the following information:

The placement of a new surface would reduce the annual maintenance cost to $500 per year for the first 3 years and to $1000 per year for the next 7 years. After 10 years the annual maintenance would again be $2500.

We need to find the net present value. The maximum initial investment will be the amount that makes the NPV cero.

NPV=∑[Cf/(1+i)^n]

Cf= cash flow

<u>For example:</u>

Year 1= 500/1.05= 476.19

Year 3= 500/1.05^3= 431.92

Year 5= 1,000/1.05^5= 783.53

NPV= 6,360.111

The maximum investment is $6,360.111

6 0
2 years ago
Built-Tight is preparing its master budget for the quarter ended September 30. Budgeted sales and cash payments for product cost
Inessa05 [86]

Answer and Explanation:

The Preparation of cash budget for each of the months of July, August, and September is shown below:-

                                              Cash budget

                             For the month of July, August and September

                                             July           August          September

Beginning cash balance   $15,000      $15,000         $25,505

Cash receipts from

customer (Working note) $57,800      $67,200        $73,600

Total cash available         $72,800      $82,200       $99,105

Less:

Cash disbursements

Direct Materials                 $16,160         $13,440         $13,760

Sales commission             $6,400         $8,000          $4,800

(10% of sales)

Office salaries                   $4,000          $4,000          $4,000

Rent                                    $6,500         $6,500          $6,500

Direct Labor                       $4,040         $3,360           $3,440

Overhead Cost                 $20,200       $16,800         $17,200

Interest on bank loan    

For July (5,000 × 1%)             $50  

For August                                                  $46            

($5,000 - $4,550) × 1%))

For September                                                                  $0

Preliminary Cash

balance                                    $15,450    $30,055      $49,405

Repayment of loan to

Bank                                          $450        $4,550

                                                                ($5,000 - $450)

Ending cash balance              $15,000     $25,505     $49,405

Working Note

The ending balance of the particular month should be treated as a opening balance of next month

August ending balance will be forwarded in Sept as a opening balance.

Working Note

                                        July           August          September

Sales                            $64,000      $80,000            $48,000

Less:

Ending accounts

receivable

(80% of sales)            $51,200       $64,000             $38,400

Cash sales                 $12,800        $16,000              $9,600

Last month cash

collection                   $45,000         $51,200          $64,000

Cash receipts from

customer                    $57,800      $67,200        $73,600

Therefore we added the cash receipts as it increase the cash balance and deduct all cash payment as it decrease the cash balance

7 0
2 years ago
"Jack is getting ready to retire. He has a salary of $100,000 and is saving 15% annually in his 401(k) plan and he just made his
almond37 [142]

Answer:

Explanation:

Wage replacement ratio is the ratio of a person's gross income after retirement divided by his gross income before retirement.

We use the given information to asses his spending on his lifestyle

Salary = 100000

Saving = 15% of 100000 = 15000

Mortgage payment = 2350

The amount spent on lifestyle = 100000 - 15000 - 2350

= 82650

Thus considering only the available information  

Wage replacement ratio = 82650/100000 = 82.65%

Hence,

among the given option

Jack must have 80% wage replacement ratio

3 0
2 years ago
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