(Compound value) The Aggarwal Corporation needs to save $13 million to retire a $13 million mortgage that matures in 13 years. To retire this mortgage, the company plans to put a fixed amount into an account at the end of each year for 13 years, with the first payment occurring at the end of 1 year. The Aggarwal Corporation expects to earn 13 percent annually on the money in this account. What equal annual contribution must it make to this account to accumulate the $ 13 million in 13 years? In order to retire a $13 million mortgage that matures in 13 years, what equal end-of-year contribution must the Aggarwal Corporation make to an account that earns 13 percent annually?
Answer:
$433,550.11
Explanation:
This is an ordinary annuity since the first payment occurs in 1 year. We can use the future value of an annuity formula to determine the annual contribution that must be made to the account.
future value = annual contribution x annuity factor
annual contribution = future value / annuity factor
future value = $13,000,000FV annuity factor, 13%, 13 periods = 29.985annual contribution = $13,000,000 / 29.985 = $433,550.11
Furtastic manufactures imitation fur garments. On June 1, 2021, Furtastic made a sale to Willett’s Department Store under terms that require Willett to pay $200,000 to Furtastic on June 30, 2021. In a separate transaction on June 15, 2021, Furtastic purchased brand advertising services from Willett for $22,000. The fair value of those advertising services is $10,000. Furtastic expects that 2% of all sales will prove uncollectible. Prepare the journal entries to record the transactions above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer and Explanation:
The Journal entry is presented below:-
1. Accounts receivable Dr, $200,000
To Sales revenue $200,000
(Being sales revenue is recorded)
2. Advertising expense Dr, $10,000
Sales revenue Dr, $12,000
To Cash $$22,000
(Being expenses is recorded)
Cash Dr, $200,000
To Accounts Receivable $200,000
(Being cash receipt is recorded)
A study is being conducted on the number of people who frequent a certain breakfast buffet and how often they visit the buffet during a six-month period.
Complete the statements based on the information.
The individuals in the study are
.
The variable in the study is
.
Answer:
The individuals in the study are people who visit the breakfast bufftet.
The variable in the study is the number of times a peraon visits the buffet in six months.
The Complete statements based on the given information, “A study is being conducted on the number of people who frequent a certain breakfast buffet and how often they visit the buffet during a six-month period.” are:
The individuals in the study are people who visit the breakfast buffet.
The variable in the study is the number of times a person visits the buffet in six months.
What is information?
Information is data that helps in analyzing a situation or an event or anything which can be calculated, measured, and analyzed. Information can be in any form such as in form of numbers, facts, figures, analyses, statements, and so on. in today’s era of information technology, information is considered the new fuel which is driving the whole world at the same time.
Learn more about the information here:
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what are some potential consequences of having poor oral communication skills?
The report found that in addition to its effect on productivity, miscommunication also has a heavy emotional impact on employees. Loss of morale, stress and frustration abound when employees can't connect. That's a burden employees may carry home with them, affecting their home life and future work performance.
what is a Graphical user interference (GUI)?
Answer: A graphical user interface (GUI) is a type of user interface through which users interact with electronic devices via visual indicator representations.
Explanation:
Answer:
A Graphical user interface is used for people to use to interact with an electronic device's vias visual indicator representations.
Hope this helps :)
why is it important to know about financial institutions?
Answer:
Financial institutions help to funnel money to the most successful businesses, which allows them to grow faster and supply even more of the desirable goods and services. This is how financial institutions greatly contribute to the efficient allocation of economic resources.
Explanation:
Answer:
In their desire to earn greater returns, financial institutions help to funnel money to the most successful businesses, which allows them to grow faster and supply even more of the desirable goods and services. This is how financial institutions greatly contribute to the efficient allocation of economic resources.
Explanation:
I hope this helps :)
The Clean ’n Green recycling company identified 150 apartment complexes (worth~$500K annually in potential contracts) that don’t offer recycling for tenants even though tenants have requested the service. A recent change in city laws mandates that large apartment complexes must recycle. The city is offering a subsidy to cover the first two years of a recycling service to ensure the law can be met. Clean ’n Green has not contacted the complex owners yet. Which one of the criteria for defining a potential market is missing from this analysis?
Answer:
an organization has the ability to pay for the service
Explanation:
Potential markets are defined as business opportunities that can be captured in the future. For example of a company plans to expand its product offerings to a new segment of customers, the new set of customers are it's potential market.
Criteria for potential market includes: substantial number of customers, ability to pay for a service, identifiable and measurable, and accessibility.
In this scenario Clean ’n Green recycling don’t offer recycling for tenants even though tenants have requested the service, and recent change in city laws mandates that large apartment complexes must recycle.
The organisation is not meeting the criteria of having the ability to pay for the service.
Margaret is a nun. She teaches world religions at the local high school and students often describe her as someone they can talk to without feeling judged. They also say she really seems to understand the difficulties of a teenager. Which qualifications most likely help Margaret get those reviews?
ability to provide spiritual guidance, and social awareness
knowledge of a specific religion, and critical thinking skills
research skills, and knowledge of psychology
knowledge of counseling strategies, and organizational skills for planning activities
Answer:
the ability to provide spiritual guidance and social awareness.
Explanation:
The most likely qualifications that the nun has are the ability to provide spiritual guidance and social awareness. Being a nun means that Margaret has experience in providing spiritual guidance, this gives the students a sense of calm and non-judgmental advice to help them navigate through their struggles. At the same time, Margaret most likely has a high level of social awareness from being surrounded by hundreds of students every day. This allows Margaret to see the everyday issues that these teenage students are facing on a daily basis which helps her understand and come up with special guidance for certain scenarios.
Answer:
A
Explanation:
how do you the accounting equation
Answer:
1. Assets = Liabilities + Owner Equity.
2. Liabilities = Assets - Owner Equity.
3. Owner Equity = Assets - Liabilities.
i like peopel but people dont like me so what do i do i woulder why so can so who can help me please because no one wants to so please help me.
What is estimated tax?
Answer:
Estimated tax is a periodic advance pre-payment of taxes based on the amount of income that is earned and the amount of estimated tax liability that will have been incurred as a result.
A SWOT analysis helps companies put a priority on market research.
O True
O False
Lightskins or Darkskins
Or Other ?
Answer:
any kind of boy
Explanation:
I have no type
Lisa is considering becoming a vet, so she has offered to help at the animal shelter without being
Paid.Lisa is doing what?
Answer:
volunteering
Explanation:
Hope this helps :)
True or false:
Global marketing strategies are essential for 21st century businesses.
Answer:
true
Explanation:
Its an easier way to get your cash
:)
You hear a pitch where the founder says he'll reach $30 million in sales in 5 years. His first-year sales are projected at $5 million. Which is closest to the compound growth rate he is implying?
Answer:
43.1%
Explanation:
Working out the interest rate given the Present Value, a Future Value and how many Periods.
The applicable formula is r = ( FV / PV )1/n - 1
Where r= interest rate
FV = future value... 30 m
Pv= present value... 5 m
n= number of periods.. 5
R = ( 30,000,000/ 5,000,000)1/5 -1
R=(6)0.2 -1
R=1.430969-1
R=0.430969
As a percentage , R=0.430969 x 100
=43.096
=43.1%
Answer:
56%
Explanation:
which of the these best describes the tax rates shown to the graph?
A-as income increases, the percentage of tax paid decreases.
B-as income increases,the percentage of tax paid increases.
C- for all income levels, the percentage of tax paid is about 20%.
D-for all income levels, the percentage of tax paid less than 20%
Answer:
the answer is B income increases, the percentage of tax paid increases.
During the first quarter of the Super Bowl, Chris keeps track of actual game time vs. time devoted to commercials. Game time amounted to 35 minutes; commercials comprised 14 minutes. What fraction of the total time was the actual game shown? *
Answer:
5/7
Explanation:
The total time will be the aggregate of commercials and game time
=35 mins + 14 mins
=49 mins
game times as a fraction of total time
=35/49
=5/7
Peter Samuels owns and manages his single-member LLC that provides a wide variety of financial services to his clients. He is married and will file a joint tax return with his spouse, Amy. His LLC reports $300,000 of qualified business income, W–2 wages of $120,000, with qualified property with an unadjusted basis of $75,000. Their taxable income before the QBI deduction is $285,000 (this is also their modified taxable income). Determine their QBI deduction for 2019.
Answer:
$60,000
Explanation:
Since Peter's taxable income before the QBI is $285,000, he can claim the maximum QBI deduction. The current phase out starts at $326,600 for married filing jointly or $163,300 for single filers.
Maximum QBI deduction = 20% x qualified business income (QBI) = 20% x $300,000 = $60,000
What is improved oven? in your own words.
Answer:
improved oven means improved cooking
A large city offers many venues for watching a concert. A listing of concert venues for the city includes the following information: the number of seats, the age of the venue, the number of nearby parking spaces, and the location of the venue (inside or outside). What are the individuals in the data set?
concert venues
seats
ages of the venue
parking spaces
Answer:
A. concert venues
Answer:
A
Explanation:
Please help ASAP will give 25 points.
What would happen to the document if the change “A” is pointing to was accepted?
a. The selected sentence would be inserted.
b. The comment would be deleted.
c. There would be no changes.
d. The selected sentence would be removed.
Please select the best answer from the choices provided
A B C D
Answer:
c
Explanation:
cuz dahvvhjfjhasjvgdvdsGHGhgdyhhgvlkmn,vzcnfdmndmdfnbdfbhcdhjcbcbdbnf
Research the consumer services industries in United States. Choose any one of the consumer services companies and write an essay of about 500 words on how a diverse economy such as the United States can satisfy the needs of its consumers. Consider different cultures and languages, services offered to lower socioeconomic populations, or services offered to disabled consumers or women. Also analyze the challenges faced by the consumer service industry.
Steve is a California resident who lives and works as a computer consultant in Walnut Creek. He earned $75,000 while working for XYZ LTD in 2018. Steve additionally had a contract job from ABC Co. based in Washington. His contract earnings totaled $17,000 in 2018. What amount is Steve’s total California resident income in 2018?
Answer:
$92,000
Explanation:
Steve is a California resident who lives and works as a computer consultant
He earned $75,000 while working for XYZ LTD in 2018
He also for a contract job from ABC corporation which totalled $17,000
Therefore Steve total California resident income for 2018 can be calculated as follows
$75,000 + $17,000
= $92,000
Hence Steve total California resident income for 2018 is $92,000
Which of the following is a characteristic of economic services:
A) tangible
B) freely available to everyone
C) useful
D) non-transferable
Answer:
useful
Explanation:
i got it from USA test prep
please help due in an hour
Lovely lawns, inc., intends to use sales of lawn fertilizer to predict lawn mower sales. The store manager estimates a probable six-week lag between fertilizer sales and mower sales. The pertinent data are: period fertilizer sales (tons) number of mowers sold (six-week lag) period fertilizer sales (tons) number of mowers sold (six-week lag) 1 1.6 10 8 1.3 7 2 1.3 8 9 1.7 10 3 1.8 11 10 1.2 6 4 2.0 12 11 1.9 11 5 2.2 12 12 1.4 8 6 1.6 9 13 1.7 10 7 1.5 8 14 1.6 9
a. Determine the correlation between the two variables. Does it appear that a relationship exists between these variables will yield good predictions
Answer:
correlation between variables (r) = 0.959 and this signifies a positive relationship between the variables
Explanation:
A) Determine the correlation between the two variables
we have to apply simple Linear regression ( least square method )
attached below is the table
Regression equation ( y ) = a + bx
y = dependent variable ( mower )
x = independent variable ( fertilizer)
a = intercept point ( y axis and regression line )
b = slope ( regression line )
From the attached table
N = 14 , Σ x = 22.8,
Σy = 131, Σy^2 = 1269,
Σx^2 = 38.18, (Σx)^2 = 519.84
Σxy = 219.8, (Σy)^2 = 17161
correlation between variables (r) = 0.959 and this signifies a positive relationship between the variables
A government that wants to keep prices stable would most likely take which
action?
A. Eliminate employment programs for poor citizens
B. Reduce productivity to decrease the per capita GDP
C. Borrow money from foreign governments
o o
D. Decrease the money supply to slow the rate of inflation
Answer:
D
Explanation:
By decreasing the money supply you will naturally lower the rate of inflation. Assuming demand for the product remains the same over time you will see the prices for products stabilize as they no longer need to be adjusted for inflation.
Answer:
decrease the money supply is the right answer
Explanation:
Madeline Rollins is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now, Madeline is living at home and works in a shoe store, earning a gross income of $1,100 per month. Her employer deducts a total of $240 for taxes from her monthly pay. Madeline also pays $150 on several credit card debts each month. The loan she needs for chiropractic school will cost an additional $210 per month.
The remaining part of the question reads;
Calculate her debts payments-to income ratio with and without the college loan. (Remember the 20 percent rule.) (Enter your answers as a percent rounded to 2 decimal places.)
Answer:
Debts payments-to income ratio without college loan = 35%
Debts payments-to income ratio with college loan = 50%
Explanation:
Remember, the debt-to-income ratio is calculated by summing all the monthly debt payments and then divide by the gross monthly income. Madeline's monthly debts without college loan = $240 + $150 = $390.
Madeline's gross monthly income = $1100.
Debts payments-to income ratio = 35% (390/1100 *100)
Madeline's monthly debts with college loan = $240 + $150 + $210 = $600.
Madeline's gross monthly income = $1100.
Debts payments-to income ratio = 50% (600/1100*100).
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Answer: The answer is Accessibiliy, because i took this test and i got this answer right!!
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