What amount must be set aside now to generate payments of $30,000 at the beginning of each year for the next 11 years if money is worth 5.95%, compounded annually? (Round your answer to the nearest cent.)

Answers

Answer 1

The amount that must be set aside in the present, to generate payments of $30, 000 for the next 11 years is  $251,326.61

How to find the amount to set aside?

The $30, 000 generated each year is an annuity which means that the amount to be set aside today is the present value of the annuity.

Because the payments come at the beginning of the year, this is an annuity due which means that we are looking for the present value of an annuity due.

This present value can be found as:

= Annuity amount x Present value of annuity due factor, 11 years, 5.95%

= 30, 000 x 8.38

= $251,326.61

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Related Questions

name business sector in which kpm is operating​

Answers

Answer:

1. banking and capital markets ( banking, capital markets and insurance.)

2. healthcare and life sciences.

(100 POINTS!!!) LuAnn is a very specific type of photographer. The images that she captures have several prominent characteristics such as representing culture as it is lived rather than mythologized, respectful portraits of members of the community to show their stature, and documenting tribal customs and ceremonies for future generations. What type of photography does LuAnn most likely practice?
A. fashion photography
B. nature photography
C. sports photography
D. indigenous photography

Answers

LuAnn most likely practices indigenous photography. Indigenous photography refers to photographs taken by and for indigenous communities that depict the culture, customs, and traditions of those communities. The characteristics of the images LuAnn captures, such as representing culture as it is lived, respectful portraits, and documenting tribal customs and ceremonies, are typical of indigenous photography. The goal of this type of photography is often to give voice and visibility to indigenous communities, as well as to preserve their cultural heritage for future generations.

On April 1 of Year 1, Respawn accepted a $12,000, 12-month, 10% note from a customer in granting a time extension on his past-due
account receivable. Respawn's year-end is December 31. Compute interest revenue recorded by Respawn in Year 1 and Year 2.
Year 1
Year 2
Interest Revenue

Answers

Year 1:
To calculate the interest revenue for year 1, we need to use the formula: Interest = Principle x Rate x Time
Principle = $12,000
Rate = 10% per annum
Time = 9/12 (Since the note was accepted on April 1 and year end is December 31, only 9 months have passed in year 1)

Therefore, Interest = $12,000 x 10% x 9/12 = $900

Respawn would record $900 as interest revenue in Year 1.

Year 2:
For Year 2, we need to calculate the interest based on the remaining 3 months of the note.

Principle = $12,000
Rate = 10% per annum
Time = 3/12 (Since only 3 months are remaining)

Therefore, Interest = $12,000 x 10% x 3/12 = $300

Respawn would record $300 as interest revenue in Year 2.

Note: In both years, the interest revenue would be recorded under the income statement as "Interest Revenue".

With evidence-based decision-making, managers are encouraged to rely on data and information rather than their intuition. True or false

Answers

Answer:

True

Explanation:

Evidence-based decision-making is an approach to decision-making that states that managers should systematically collect the best evidence available to help them make effective decisions. ... With evidence-based decision-making, managers are encouraged to rely on data and information rather than their intuition.

WHAT IS A CALCULATED INTEREST RATE

Answers

Answer:

Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Where r is in decimal form; r=R/100; r and t are in the same units of time.

Explanation:

The Rob Wallace Corporation has a sales budget for next month of $400,000. Cost of goods sold is expected to be $250,000. All goods are paid for in the month following their purchase. The beginning inventory of merchandise is $16,000, and an ending inventory of $12,000 is desired. Beginning accounts payable is $52,000. How much merchandise inventory will The Rob Wallace Corporation need to purchase next month

Answers

Answer: $246000

Explanation:

The amount of merchandise inventory that The Rob Wallace Corporation need to purchase next month will be:

Expected Cost of goods sold = $250000

Less: Beginning Inventory = $16000

Add: Desired Ending Inventory = $12000

The, the Required Purchase of merchandise inventory will be:

= $250000 + $12000 - $16000

= $246000

You are buying a new car. The price (MSRP) is $16,995. You are trading in your old car which is valued by the dealer at $5,500 (this is money taken off your new car price). Sales tax is 7%. What is the cost of the new car after your trade in? *

Answers

The answer is $12,360.22(rounded)

16,995-5,500= 11,495
11,495+7%= 12,360.2151

Hope this helps!! :)

as a result of the stock market crash, some banks suffered more losses than they could absorb and

Answers

The country's banks suffered severe harm from the market crash in two ways. Because the losses they experienced during the crash were too severe for them to handle, some banks were forced to close.

What is the Stock market crash?

A stock market crash occurs when stock prices suddenly and dramatically fall over a broad segment of the stock market, leading to a sizable loss of paper wealth.

Selling in a panic and underlying economic issues are what cause crashes. They frequently follow speculative bubbles and the economy.

In a positive feedback loop where selling by certain market participants encourages more market players to sell, a stock market crash is a social phenomenon where external economic factors interact with crowd psychology.

The market collapse badly damaged the banks of the country in two ways. Some banks were forced to close because the losses they sustained during the crash were too great for them to bear.

Therefore, the country's banks suffered severe harm from the market crash in two ways. Because the losses they experienced during the crash were too severe for them to handle, some banks were forced to close.

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Find a false statement on bond duration. Multiple choice question. With time to maturity and yield to maturity held constant, a bond's duration and interest rate sensitivity are higher when the coupon rate is lower. With other factors held constant, the duration of a coupon bond is higher when the bond's yield to maturity is higher. Duration always increases with maturity for a premium bond. The duration of a zero-coupon bond equals its time to maturity.

Answers

Answer:

✓With time to maturity and yield to maturity held constant, a bond's duration and interest rate sensitivity are higher when the coupon rate is lower.

✓The duration of a zero-coupon bond equals its time to maturity.

✓Duration always increases with maturity for a premium bond.

Explanation:

Bond duration in finance can be regarded as a way used in measuring

the likelyhood or how much the prices of bond to change when and there is a movement in interest rates. It can be defined as the measurement of the risk interest rate. With Understanding about bond duration, it will be easier for investors to determine how bonds can fit in to investment portfolio. It should be noted that With other factors held constant, the duration of a coupon bond is higher when the bond's yield to maturity is higher.

a good member of a business social network community is expected to take which of the following actions?

Answers

a good member of a business social network community is expected to take assist others when asked.

A community is a group of people who share a common setting, set of rules, religion, set of beliefs, set of values, or set of traditions. Through communication platforms, communities can share a sense of place that is located in a particular geographical location or in virtual space. living together in a bigger community is a group of individuals who share a common trait or interest. a neighbourhood for the elderly. a group of people with similar interests, particularly those related to their professions, dispersed among a greater society. A community is just a collection of individuals who share a similar location or trait. Individuals who live in the same area, work at the same firm, or attend the same school together are the types of people we most frequently associate with the word "community."

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Is there anything in your personal, professional, or financial history that requires explanation?

Answers

Unclear question. Answered from a general perspective.

Explanation:

Yes. There are certain aspects of one's financial history for example that may require further explanation.

For example,  in the case of someone who took a loan in the past that is yet to be fully paid may need to provide a further explanation as to why there was a default in the loan repayment.

Today is also the day on which your manager’s boss is collecting information about your manager’s leadership style so that they can give him a 360-degree appraisal. They assure you that your comments about your manager will remain confidential, but the nature of your thoughts is such that he probably would guess you are the person who made those comments. Specifically, you think that your manager takes offense easily, has a bad temper, and could be more effective in time management. Would you share your thoughts with your manager’s manager?

Answers

The decision to share feedback about a manager should be based on a careful evaluation of the potential impact and one's own personal values and goals.

Sharing negative feedback about a manager can be a delicate situation, especially when it may affect the manager's performance review and future career opportunities. Before deciding whether to share the thoughts with the manager's manager, it is important to consider the potential consequences and benefits of doing so.

If the feedback is constructive and could help the manager improve their leadership skills, it may be worth sharing with the manager's manager in a tactful and respectful manner. However, if the feedback is solely based on personal opinions and could harm the manager's reputation or career prospects, it may be best to keep those thoughts to oneself.

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What is one advantage of a trade school education?

A. Statistically, your lifetime earnings will be higher than a college
graduate's.

B. You will have a greater selection of electives.

C. It is less costly than attending a four-year college.

D. You can postpone getting a job longer.

Answers

Answer:

c

Explanation:

it is making me type more

according to the video lectures, members of societies with individualistic values .

Answers

According to the video lectures, members of societies with individualistic values values personal goals and independence

What is meant by the individualistic values?

Autonomy, freedom, self-actualization, assertiveness, and a sense of individuality are all examples of individualist values. Collectivism, which is said to be more prevalent in non-Western countries, is based on interpersonal interactions that foster social cohesion through the proper performance of roles, responsibilities, and obligations.

Individualistic values, on the other hand, prioritize the interests of the individual over the interests of members of the in-group and the outsiders; as a result, they place more value on an individual's independence, self-reliance, and self-realization than on the interests of the community, society, or country.

When you describe someone as individualistic, you're referring to their preference for thinking and acting independently of others rather than following in their footsteps. A culture can also be characterized as individualistic if it promotes such behavior. most creatives

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Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.9 pounds of the material, S5 uses 2.4 pounds of the material, and G9 uses 5.4 pounds of the material. Demand for all products is strong, but only 58,400 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows. K1 S5 G91 Selling price $ 167.40 $ 99.28 $ 210.02 Variable costs 89.00 76.00 149.00 Calculate the contribution margin per pound for each of the three products. Orders for which product should be produced and filled first, then second, and then third

Answers

Answer:

Childress Company

Orders for K1 should be filled first.

Orders for G9 should be filled second.

Orders for S5 should be filled third.

Explanation:

a) Data and Calculations:

                                                               K1            S5           G9

Direct materials per unit (pounds)       4.9           2.4           5.4

Materials available for production = 58,400

Selling price                                      $ 167.40  $ 99.28  $ 210.02

Variable costs                                       89.00     76.00      149.00

Contribution margin per unit           $  78.40  $ 23.28   $   61.02

Contribution margin per pound         $16          $9.70       $11.30

Orders for K1 should be filled first

Orders for G9 should be filled second

Orders for S5 should be filled third.

b) This order filling sequence will maximize the contribution margin per pound, ensuring the highest efficient use of the limited materials available for production.

If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent​

Answers

Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.

To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.

This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.

To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.

2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)

Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]

Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)

Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)

Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n

Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)

Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)

We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.

Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.

Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent

Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent

Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent

Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent

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Should VALORANT give out free skins?

Answers

Explanation:

Take a meme.

Should VALORANT give out free skins?

Assignment for Intermediate Financial Accounting One Identify the purpose of financial reporting. Describe the qualitative characteristics of accounting information. Identify the elements of financial statements. The following information is available for Inverness Ltd.'s second year in business: Opening merchandise inventory is Br 35,000. Goods are marked to sell at 35% above cost. 1. 2. 3. 4. ● ● • Merchandise purchased totaled Br 600,000. . Collections from customers are Br 420,000. Ending merchandise inventory is Br 225,000. Opening accounts receivable balance is $0. Ending accounts receivable balance is $85,000.​

Assignment for Intermediate Financial Accounting One Identify the purpose of financial reporting. Describe

Answers

Financial reporting is the process of producing and presenting financial information that is useful to stakeholders in making economic decisions.

What is Financial reporting?

The purpose of financial reporting is to provide transparency and accountability to stakeholders, enabling them to assess the financial performance and position of an entity and make informed decisions.

The qualitative characteristics of accounting information are the attributes that make it useful for decision-making. The most important characteristics are understandability, relevance, reliability, comparability, and consistency.

The elements of financial statements are the basic components used to prepare financial reports. The main elements are assets, liabilities, equity, revenues, and expenses.

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Suppose that a portfolio management company manages an investment fund. The fund
manager observes a bond in the market and intends to add it to the fund portfolio. The
bond has a 100.000 TL par value, 10% coupon rate (coupon payments are annual) and a
6-years maturity. The business model is to “hold-to-maturity”. The company purchases
the bond at the beginning of the year when the market yields are 8%. After exactly 3
years of investment, market yields increase to 12%. What would be the profit or loss
amount in the income statement for that third year?
a) 1.427,92 TL loss
b) 1.470,06 TL profit
c) 8.529.94 TL profit
d) 10.000 TL loss

Answers

Answer: The correct answer is (a) 1.427,92 TL loss.

Explanation:

To calculate the profit or loss for the third year, we need to determine the market value of the bond at the end of the second year and compare it to the par value of 100,000 TL.

At the beginning of the investment, the bond has a coupon rate of 10% and a market yield of 8%, so its price is:

PV = (10000/1.08) + (10000/1.08^2) + (110000/1.08^3) = 104,406.40 TL

After 3 years, the market yield has increased to 12%, so the bond's price would have changed to reflect this new yield. To calculate the new price, we can discount the remaining coupon payments and the par value at the current market yield:

PV = (10000/1.12^1) + (10000/1.12^2) + (10000/1.12^3) + (100000/1.12^3) = 88,572.08 TL

The market value of the bond at the end of the second year is 88,572.08 TL, which represents a loss compared to the par value of 100,000 TL:

Loss = 100,000 - 88,572.08 = 11,427.92 TL

Therefore, the correct answer is (a) 1.427,92 TL loss.

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-5/12 - (-9/3) how do i do this

Answers

Explanation:

\(-5/12 - (-9/3)\)

You are an underwriter for ABC Insurance. You receive a life insurance proposal for medical insurance with premium payment. The prospect disclosed that he had underwent a surgery to correct a cataract. As an underwriter what would be your decision with respect to this case?

Answers

do you want money i will give you

What is the main reason why empathy is important for communication?

Answers

Answer:

it means you can understand what a person is feeling in a given moment, and understand why other people's actions made sense to them. Empathy helps us to communicate our ideas in a way that makes sense to others, and it helps us understand others when they communicate with us.

Valerie set up a social organization

Answers

Valerie promoted her non-profit organization by means of public service announcements. These are not used to promote a product or service but rather to raise public awareness of a cause or mission.

What are the various types of social organization?

There are two broad categories of social organizations: those that originate from members' free and voluntary associations and those that originate from members' kinship. It is possible to provide a brief analysis of a few of these organizations.

Why is social organization important?

For professionals working in the fields of prevention, intervention, and program development, social organization serves as a number of compass points. Social networks, social capital, and community capacity the three main components of social organization—represent adaptable aspects of family and individual life.

Question is incomplete

Valerie set up a social organization (non-profit) to help people who had suffered losses because of hurricanes. She decided to release a series of television advertisements to create awareness about her cause and to request donations for helping the victims. What kind of marketing did Valerie use for her NGO? Valerie used to spread awareness about her NGO.

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Provide a full definition and explanation of MRP and its practical application.
Identify one large distributor such as Walmart, Costco, Sam’s Club, and one small distributor or mom-and-pop shop.
Explain the strategies utilized by a large distributor and a small distributor in context to an MRP.
Identify the variances and the requirements of an MRP.
Create a flowchart representing the acquisition of goods and products for both the large and small distributors

Answers

Material requirements planning (MRP) is a method of determining the materials and components required to produce a product.

What further explanation details the above?

It comprises of three major steps:

inventorying the resources and components on hand, determining which extra ones are required, and arranging their manufacture or acquisition.

What Strategy of MRP Does Walmart Use?

Wal-Mart mostly employs 3PL (Third Party Logistics), which aids with exception handling, supply chain integration, and other aspects of the flow of goods.

A 3PL (third-party logistics) provider provides outsourced logistics services, which include administration of one or more aspects of procurement and fulfillment activities.

In the business world, 3PL refers to any service contract that involves storing or delivering products.

What are the objectives of material requirements (MRP) planning?

As far as MRP is concerned, there are basically just two main goals that must be satisfied. They are as follows:

1. Reduced inventory levels.

Your MRP system will analyze what is needed from suppliers and what can be held in your warehouse, and then optimize this so that you don't wind up with excess stock.

2. Production on time.

The MRP process will give procurement and sourcing teams with the information they need to efficiently perform their respective jobs. The MRP offers information to production teams to assess how much to make, as well as vendors with the necessary supplies.

The flowchart representing the acquisition of goods and products for both the large and small distributors is attached.

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Provide a full definition and explanation of MRP and its practical application.Identify one large distributor

1. How much would you pay for a share of stock paying a dividend​(cash payout ​C) of ​$4 to be paid in one​ year, a known selling price in one year ​(​P) of ​$50​, and expected return ​(R) of similar assets of 2​%?2. Compute the price of a share of stock that pays a​$1.50 per year dividend and that you expect to be able to sell in one year for ​$20, assuming you require a 10​% return.

Answers

Answer and Explanation:

The computation is shown below:

a. The willing to pay is

= (Current year price) ÷ (1 + rate) + (current year dividend) ÷ (1 + rate)\

= ($50) ÷ (1 + 0.02) + ($4) ÷ (1 + 0.02)

= $52.94

b. The price of a share is

= (Current year price) ÷ (1 + rate) + (current year dividend) ÷ (1 + rate)\

= ($20) ÷ (1 + 0.10) + ($1.50) ÷ (1 + 0.10)

= $19.55

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Guys, This question determines my life.
1.If nothing Is faster than light, then how did the dark get there first?

Answers

Answer:

its simply not true that nothing is faster than light. ill give a quick proof: black holes. Gravity is stronger and faster than light, because gravity captures light and prevents it from leaving the black hole.

Explanation:

Darkness came before light, so light had to be created to get there.


QUESTION 3 of 10: You worked the following hours this week: Monday 8 AM to 5 PM, Tuesday 9 AM to 3 PM, Thursday 8:30 AM to 2:15 PM. You get a 30-minute unpaid lunch break every work day. How many hours will you be paid for this week?

Answers

Answer:

19 hours

Explanation:

8 and a half

5 and a half

5 and 15

Each marketing tactic does not need a timeline or budget.

Responses true or false

Answers

Answer:

false. answer need to be 20 characters long so ths is just to fill in space.

Explanation:

.

False,

Explanation:

Referring to the concept of management, where there has to be

PlanningOrganizingActionControl and evaluation

It means each marketing tactic needs a timeline for planning them until evaluation. Each marketing action also needs a budget; even a tiny social media campaign requires a budget.

I hope it helps!

Andre Candess manages an office supply store. One product in the store is computer paper. Andre knows that 10,000 boxes will be sold this year at a constant rate throughout the year. There are 250 working days per year and the lead-time is 3 days. The cost of placing an order is $30, while the holding cost is $15 per box per year. If he orders in batches of 500 boxes at a time, what is his annual holding cost

Answers

Answer:

$3,750

Explanation:

The computation of the annual holding cost is shown below:

= Economic order quantity ÷ 2 × holding cost per box per year

where,

Economic order quantity = 500 boxes

And, the holding cost per box per year is $15

Now putting the values to the above formula

The annual holding cost is

= 500 boxes ÷ 2 × $15 per box per year

= 250 boxes × $15 per box per year

= $3,750

True/False Questions. Each question carries 4 marks. Please write your answer in Section B in the Answer
Sheet.
1. Evaluating operations by comparing actual results to budgeted results is a part of the controlling
responsibility of management.

Answers

\(\large\rm\color{Yellow}Answer:\)

Evaluating operations by comparing actual results to budgeted results is a part of the controlling responsibility of management.

True

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