BUSINESS COLLEGE

Mark has invested $300 at age 16 into a money market account earning 6%. What will his investment be worth?

Answers

Answer 1

Answer:

Answer:

Future Account Value = $ 161,327.31

Explanation:

Investment Amount (PV)

The starting amount you invest in the account or your current balance in an existing investment account

Future Account Value (FV)

The return amount you want to attain. Your target amount.

Number of Years (n)

Several years you will invest.

Interest Rate (R)

The annual interest rate you expect on your invested money

Compounding (m)

The periodic compounding of your investment account

Contributions (PMT)

The payment amount you will contribute to your investment account periodically

Frequency of Contributions (q)

The periodic timing of your contributions

Related Questions

Suppose the price of salt increases by 25 percent and, as a result, the quantity of pepper demanded (holding the price of pepper constant) increases by 4 percent. The cross-price elasticity of demand between salt and pepper is nothing. (Enter your response rounded to two decimal places and include a minus sign if appropriate.) In this example, salt and pepper are ▼ substitutes not related complements . Instead, suppose salt and pepper were complements. If so, then the cross-price elasticity of demand between salt and pepper would be A. negative. B. zero. C. positive. D. greater than 1. E. greater than minus1.
What is the effect on China's aggregate demand when the United States goes into recession, when Japanese and European firms establish new plants in China, or when the Chinese yuan strengthens against the U.S. dollar?
At the end of 2017, Carpenter Co. has accounts receivable of $778,100 and an allowance for doubtful accounts of $63,200. On January 24, 2018, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $7,400.Prepare the journal entry to record the write-off.
If a painter who is contracted to paint the exterior of a house does NOT finish the job, he has violated his duty to ________.
Regal Financial Institution specializes in home loans. What type of financial institution is it? savings and loan bank credit union brokerage firm

Ethelbert is a young software company owned by two entrepreneurs. It currently needs to raise $1,254,400 to support its expansion plans. A venture capitalist is prepared to provide the cash in return for a 40% holding in the company. Under the plans for the investment, the VC will hold 19,600 shares in the company and the two entrepreneurs will have combined holdings of 29,400 shares.a. What is the total after-the-money valuation of the firm?
b. What value is the venture capitalist placing on each share?

Answers

Answer:

a. $3,136,000

b. $64 per share

Explanation:

The computation is shown below

a. The total after the money valuation is

= $1,254,400 ÷ 40%

= $3,136,000

b. The value that venture capitalist place on each share is

= $3,136,000 ÷ (19,600 ÷ 40%)

= $3,136,000 ÷ 49,000 shares

= $64 per share

Hence, the same should be considered

E15-9 (L01,3) (Preferred Stock Entries and Dividends) Otis Thorpe Corporation has 10,000 shares of $100 par value, 8%, preferred stock and 50,000 shares of $10 par value common stock outstanding at December 31, 2017. Instructions Answer the questions in each of the following independent situations. (a) If the preferred stock is cumulative and dividends were last paid on the preferred stock on December 31, 2014, what are the dividends in arrears that should be reported on the December 31, 2017, balance sheet? How should these dividends be reported? 814 Chapter 15 Stockholders’ Equity (b) If the preferred stock is convertible into seven shares of $10 par value common stock and 4,000 shares are converted, what entry is required for the conversion assuming the preferred stock was issued at par value? (c) If the preferred stock was issued at $107 per share, how should the preferred stock be reported in the stockholders’ equity section?

Answers

Answer:

(a)

Preferred stock Dividend = ( 10,000 x 100 ) x 8% = $80,000

Cumulative Dividend

Date Dividend for the year Balance

December 31, 2015 $80,0000 $80,000

December 31, 2016 $80,0000 $160,000

December 31, 2017 $80,0000 $240,000

Payable of $240,000 Dividend will be reported on the Balance Sheet.

(b) Dr. Cr.

Preferred Stock (4,000 x $100) $400,000

Common stock ((4000 x 7) x $10) $280,000

Paid-In Capital in excess of Par - Common share $120,000

(c)

Cash ( 4000 x 107 ) $428,000

Preferred Stock (4000 x $100) $400,000

Paid-In Capital in excess of Par - Preferred share $28,000

It will be reported in balance sheet as follow:

Equity $

Preferred Stock 400,000

Paid-In Capital in excess of Par - Preferred share 28,000

Explanation:

(a) Last dividend was paid on December 31, 2014, the subsequent 3 years are outstanding until December 31, 2017, so the total payable dividend is $240,000 which will be reported on Balance sheet.

(b) 4000 preferred shares on par value are converted to 7 common shares each at $10 par value.

(c) Preferred stock issued @ $107 will be reported as Preferred stock of $400,000 and Paid-In Capital in excess of Par - Preferred share of $28,000.

An All-Pro defensive lineman is in contract negotiations. The team has offered the following salary structure: Time Salary 0 $ 5,700,000 1 4,300,000 2 4,800,000 3 5,300,000 4 6,700,000 5 7,400,000 6 8,200,000 All salaries are to be paid in a lump sum. The player has asked you as his agent to renegotiate the terms. He wants a $9.2 million signing bonus payable today and a contract value increase of $1,200,000. He also wants an equal salary paid every three months, with the first paycheck three months from now. If the discount rate is 4.7 percent compounded daily, what is the amount of his quarterly check? Assume 365 days in a year. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)

Answers

Answer:

PTM $ 1,225,900.379

Explanation:

We will calculate the present value of the contract.

Then we will increase by 1,200,000

Next, we subtract the 9.2 bonus payable today

and distribute the rest under quarter payments:

We use present value of a lump sum

$(Nominal)/((1 + rate)^(time) ) = PV$

0 5,700,000 5,700,000

1 4,300,000 4,102,588.223

2 4,800,000 4,369,383.7

3 5,300,000 4,603,035.135

4 6,700,000 5,551,785.732

5 7,400,000 5,850,312.795

6 8,200,000 6,185,156.501

Then we add them: 36,362,262.09

We increase by 1,200,000

and subtract the 9,200,000 initial payment

28,362,262.09

this is the present value fothe quarterly payment

Next we calculate the equivalent compound rate per quarter:

$(1+(0.047)/(365) )^(365) = (1+(r_e)/(4) )^(4) \nr_e = (\sqrt[4]{1+(0.047)/(365) )^(365)} - 1)* 4$

equivalent rate: 0.002954634

Now we claculate the PTM of an annuity of 24 quearter at this rate:

$PV / (1-(1+r)^(-time) )/(rate) = PTM\n$

PV $28,362,262.09

time 24

rate 0.002954634

$28362262.0861625 * (1-(1+0.00295463425906195)^(-24) )/(0.00295463425906195) = PTM\n$

PTM $ 1,225,900.379

In an assembly operation at a furniture factory, 4 employees assembled an average of 600 standard dining chairs per 6-day work week. What is the labor productivity of this operation

Answers

Answer:

25 chairs per employee.

Explanation:

In this case labour productivity is the number of dining chairs per day over number of employees.

An average of 600 standard dining chairs were assembled per 6-day work week.

This means that, the number of dining chairs assembled per day is

$(600)/(6) = 100$

The number if employees is 4.

Therefore the labour productivity of this operation is:

$(100)/(4) = 25$

per employee.

Briana was employed as a flight attendant by Tropical Coast Airlines. She was the only black female flight attendant on the airplane she was assigned to. At her job, Briana was frequently subjected to racial slurs, misbehavior, and threats from her co-workers. One co-worker even told their supervisor that the airline’s customers would not want to take orders from a black girl in the case of an in-flight emergency. Unable to tolerate the hostile environment, Briana quit her job. Which of the following holds true in this scenario? A) Briana has a cause of action for racial harassment under 42 U.S.C. section 1983.
B) Briana does not have a cause of action for racial harassment, as she resigned at her own will.
C) Briana has a cause of action for racial harassment under Title VII of the Civil Rights Act of 1964, as there is evidence that she was harassed.
D) Briana does not have a cause of action for racial harassment, as the actions of her co-workers were not pervasive or severe.

Answers

Answer:

C) Briana has a cause of action for racial harassment under Title VII of the Civil Rights Act of 1964, as there is evidence that she was harassed.

Explanation:

It is noteworthy that under the Civil Rights Act of 1964 it directly prohibits discrimination in public places. Thus, we could rightly say that Briana's frequent subjection to racial slurs, misbehavior, and threats from her co-workers constitutes "discrimination in public places".

Hence, she has enough evidence to take legal action against Tropical Coast Airlines.

Segment management is best suited for: _____________ a. small-to-medium businesses
b. large businesses
c. businesses who already identify customers individually and differentiate them by value
d. businesses who do not yet identify or differentiate their customers individually
e. a, b, and c
f. a, b, and d

Answers

Answer:

Segment management is best suited for: _____________

d. businesses who do not yet identify or differentiate their customers individually

Explanation:

Segment management is aimed at grouping customers according to their individual characteristics and value so that maximum benefits can be derived by the customers and the profitability of the company will be impacted positively in the long-term. A business that can identify customers individually and differentiate them by value is already doing segment management. It is the business that does not yet identify or differentiate their customers that should embrace segment management.

Other Questions

One of your customers is delinquent on his accounts payable balance. you’ve mutually agreed to a repayment schedule of $500 per month. you will charge 1.40 percent per month interest on the overdue balance. if the current balance is $13,000, how long will it take for the account to be paid off?

A company's fixed costs are $1,500,000, the unit selling price is $250, and the unit variable costs are $130. The amount of sales required to realize an operating income of $200,000 is Group of answer choices

) Candy Man, Inc. reports the following information: Beginning Finished Goods Inventory 60 units Units produced 550 units Units sold 610 units Sales price $130 per unit Direct materials $17 per unit Direct labor $10 per unit Variable manufacturing overhead $17 per unit Fixed manufacturing overhead $14,000 per year Variable selling and administrative costs $6 per unit Fixed selling and administrative costs $12,500 per year What is the unit product cost using variable costing

Crafting a strategy to compete in one or more foreign markets can be considered complex because 34) A) factors that affect industry competitiveness are the same from country to country. B) different government policies and economic conditions make the business climate more favorable in some countries than in others. C) the potential for location-based advantages to conducting value chain activities in certain countries. D) buyer tastes and preferences differ among countries and present a challenge for companies concerning. customizing versus standardizing their products and services. E) currency exchange rates among countries are generally fixed and rarely change.