Chapter 2 part 2 class assignments
You want to retire with a $1,000,000 nest egg in 30 years - at 8% interest how much do you need to deposit each year You want to buy a new Mercedes Benz in four years - How much do you need to deposit cach year at 4.75% if the Mercedes will cost $44,000 You deposit $1,000 for 25 years in an investment club - if your rate of return is 12% how much will your investment be worth in 25 years Your friend thinks she will be a millionaire by putting $5,000 in an account each year for 40 years that pays 6.25% interest - will she be a millionaire? Formasa Plastics has major fabrication plants in Texas and Hong Kong. It is desired to know the future worth of $1,000,000 invested at the end of each year for 8 years, starting one year from now. The interest rate is assumed to be 14% per year. - How much money must Carol deposit every year starting. 1 year from now at 5.5% per year in order to accumulate $6000 seven years from now? At age 30 you start to invest 5,000 per year in an investment that yields 6% - how much will you have at age 65? ( 35 years) Your best friend starts investing 15,000 per year at 6% at age 45 - how much will she have at age 65 (20 years) I want to buy an oil well −1 am told that it will produce $500,000 worth of crude next year. This oil well is drying up and will produce the following amounts of oil. Year 2−$400,000 Year 3$300,000 Year 4$200,000 Year 5100,000 What is the present value of this oil well at 7% interest? Chapter 2 Part 2 continued What is the Present value of the following: Positive cash flow year 1=100
This increases by 100 thru year 7 Use 7% interest
What is the present value of the following
Positive cash flow year 1=100 This increases by 100 per year through year 5 Use 10% interest Chapter 2 part 2 class assignments You want to retire with a $1,000,000 nest egg in 30 years - at 8% interest how much do you need to deposit each year You want to buy a new Mercedes Benz in four years - How much do you need to deposit each year at 4.75% if the Mercedes will cost $44,000

Answers

Answer 1

1. You want to retire with a $1,000,000 nest egg in 30 years - at 8% interest how much do you need to deposit each year?

In order to retire with a $1,000,000 nest egg in 30 years at 8% interest, you need to deposit $10,033.43 each year.

This calculation is done using the formula for the future value of an annuity, which is:FV = Pmt x [(1 + r)n - 1] / rWhere:FV is the future value of the annuityPmt is the amount deposited each yearr is the annual interest raten is the number of yearsFor this question, FV = $1,000,000, r = 8%, and n = 30.

Substituting these values into the formula, we get:$1,000,000 = Pmt x [(1 + 0.08)30 - 1] / 0.08Solving for Pmt, we get:Pmt = $10,033.432.

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Related Questions

What three factors that had a negative impact on the financial performances of unibic in its early years?

Answers

Answer:

Price of unibic, preference for other glucose biscuits, and inadequate marketing and branding campaigns had a negative impact on the financial performances of unibic in its early years

Explanation:

The three factors that negatively impacted the financial performances of unibic in its early years were as follows

a) The price of Unibic cookies was higher as compare to its other competitors.

b) During those days, glucose biscuits were preferred as compared to bakery cookies of Unibic

c) Packaging, branding and marketing  not as per the public requirement


What two things do many employers use to judge an employee's performance?

Answers

Most employers use both outcomes and behavior to judge an employee's performance.

A company can act ethically toward employees and meet their expectations by A. improving their products over time and providing guarantees to customers about the integrity of their products. B. selling customers quality products at a fair price and providing good after-sales service. C. maximizing the stockholders' return on investments. D. creating an occupational structure that fairly and equitably rewards organization members for their contributions. E. implementing a high-power distance culture and discouraging decentralized decision making.

Answers

Answer:

D. creating an occupational structure that fairly and equitably rewards organization members for their contributions

Explanation:

When the company acts ethically for the employees and meeting their expectations so this could be possible when the organization structure is properly developed that represent contribution made by the members of the organization is quite fair and equitable and for the same the rewards is also provided so that they feels motivated

Hence, the option d is correct

Justin has hired someone to handle all of the financial issues for his small business. He hired a:

Answers

Accountant is the right answer hope this help

Answer:

accountant

Explanation:

I just took the quiz:)

Dexter has recently joined an organization. His trainer, ken asks dexter to follow certain processes to complete his work faster. Dexter follows the processes without questioning ken. Which one of Aristotle's elements of good communication is being exemplified in the communication between dexter and ken?

Answers

Answer:

Ethos

Explanation:

Ethos is one of the three Aristotle's elements of good communication that is based on credibility. It explains the reason why a listener should believe what you are saying to them.

This can also come as a result of ones position and in the environment where he is communicating or because of his expertise and skills and knowledge in the subject of communication which actually convince the listeners that you are more knowledgeable.

Ken's position as Dexter's trainers makes allows his credibility to Ken.

Answer:

Ethos

Explanation:

Answered it right on edmentum

Barbara found a 1099-Int from her bank while spring cleaning. She knew right away that she did not give this to her accountant for her tax preparation. What can she expect from the IRS?

Answers

Answer:

In simple words, A 1099-INT tax return is proof that you were paid interest by someone – a bank or another company. A 1099-INT is sent if you received more than $10 in interests from a bank, stockbroker, or other commercial organization Your bank may have sent you this tax form because it paid your income on your funds.

Which of the following things can help you get a lower interest rate when you receive a loan?
A. A low credit score
B. A history of defaulting
C. Using all of your available credit
D. Collateral

Answers

Answer:

D. Collateral

Explanation:

Collateral refers to an asset offered to a lender to secure a loan. Borrowers use properties, motor vehicles, or other valuable items to convince lenders to advance credit facilities. Collateral reduces the risk of lending. If the borrower default, lenders have the option of selling the collateral to recover their money.

Because collateral makes a loan less risky, the interest charged is low. A high-interest rate reflects a high-risk borrower.

Answer:

D. Collateral

Explanation:

how long does it take to be an immigration lawyer and what’s the average salary?

Answers

A mid-career Immigration Attorney / Lawyer with 5-9 years of experience earns an average total compensation of $81,780 based on 105 salaries. An experienced Immigration Attorney / Lawyer with 10-19 years of experience earns an average total compensation of $93,229 based on 78 salaries.
salary: 50k-150k (depends where)
time: and 10-15 years (also depends where)

A cost that can be easily and conveniently traced to a specific cost object is a(n) cost of that cost object, whereas costs that cannot be easily and conveniently traced to that specific cost object are costs.

Answers

An indirect cost is one that cannot be conveniently and easily linked to a particular cost item, whereas a direct cost of a cost object may be conveniently and quickly linked to that cost object.

What do direct costs entail?

A direct cost is one that can be directly linked to the creation of a certain thing, such as a good or service. A direct cost is, for instance, the cost of the materials needed to make a product. There are hardly many direct expenses. Any consumable costs that are directly associated with producing a product can be categorized as direct costs.

Why do indirect costs exist?

Indirect costs are those that are incurred throughout a variety of operations and hence cannot be linked to specific cost objects. Cost objects include things like goods, services, regions, distribution paths, and customers. Contrarily, indirect costs are necessary to maintain the business as a whole.

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If the return of two stocks has a correlation of​ 1, what does this imply about the relative movements in the stock​ prices?.

Answers

The prices of two stocks have a perfect positive correlation of 1, which means that they always move in the same direction and by the same amount.

How closely do the two stocks' returns correlate?

The average price of each stock must be established before you can calculate their correlation. Choose a time period, add the daily prices for all the stocks throughout that time period, and then divide that total by the number of days. That is the average price. Finding a daily variance for each stock is the next stage.

What can we infer from a correlation of 1?

If the correlation is exactly positive (+1), then the two variables are moving in the same direction.

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list three ways you can find jobs in the hidden job market

Answers

Answer:

get active on social media use flex jobs and go to conferences

Answer:

networking, direct contact, and research.

Explanation:

edge 2021 ;)

From the perspective of access to capital, the best form of business organization is the
S corporation. corporation. partnership. sole proprietorship.

Answers

Option b is Correct. The corporation is the finest type of business organization in terms of access to finance.

The strongest protection against personal liability is provided to owners by corporations, although forming a corporation is more expensive than creating other types of entities. Additionally, corporations require more thorough reporting, operational procedures, and record-keeping. corporation, sometimes known as a C corp, is a separate legal entity from its owners.

Corporations are able to generate revenue, pay taxes, and face legal consequences. Corporations must pay income tax on their profits, unlike single proprietors, partnerships, and LLCs. Sometimes, corporate profits are taxed twice: once when the business makes a profit and once again when shareholders get dividend payments on their personal tax returns. The lives of corporations are entirely independent.

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Correct Question:

From the perspective of access to capital, the best form of business organization is the _______.

a. Sole proprietorship

b. Corporation

c. Partnership

d. S Corporation

The managers at Alpha Corp. are closely observing trends in the industry. They are trying to identify factors that might have a significant influence on Alpha's business operations. Which of the following concepts is illustrated in the scenario?

Answers

Answer:

Environmental scanning

Explanation:

Environmental scanning is when information is being gathered about external forces inorder to know the factors that have impacts on a business. It is  also the gathering of information on situations which allows a business create and build good customer relationship.

Business environments are dynamic and could have impacts on the success of a firm hence requires business scanning inorder to align with the trend. One the purpose of environmental scanning is to provide future business directions to an organization and also assist in analyzing the strength, weakness, opportunities and threats to an organization.

Factors that might have significant influence on business operation includes but not limited to social and demographic factors, how competitors are reacting, technology, how well customers are reacting to the company's products, creditors, legal issues etc.

State any five reasons why an entrepreneur may carryout Market survey.​

Answers

Answer:

to know what the other people are interested in, for example they do a survey to see how much of each product they need and the popularity of how many people like the stuff, those are 2 reasons, quantity and I would say popularity 3: get the people to know that enreprenuer cares 4 and five just think about it, I cant really think of anymore

Explanation:

Answer: Whether you are thinking of venturing into a new market or launching a new product, conducting a marketing assessment is the crucial first step in determining if there is a need or a potential customer base for your product. Why is market research important for new business ideas? Market research should never be underestimated. Many successful new businesses enjoy longevity because their owners conduct regular market research to understand their target market, identify consumer problems and pinpoint realistic competitors. Determine key market factors: Cost, Consumer Demographics, Challenges, Opportunities. ... These factors will help you determine how you will need to market to consumers, face your competition, and develop your overall business plan.

Hope this helps....... Stay safe and have a Merry Christmas!!!!!!!! :D

Explanation:

Jose Garcia agrees to contribute land with a fair market value of $10,000 in exchange for 200 shares of Damian Inc.'s common stock with a par value of $10 per share. The journal entry to record this transaction in the books of Damian, Inc., will include a credit to?

Answers

Answer:

Paid-in Capital in Excess of Par $8,000

Explanation:

Based on the information given we were told that Garcia contribute land that has  a fair market value of the amount of $10,000 which was exchange for 200 shares of the common stock of Damiann Inc.'s that has a par value of $10 per share which means that the journal entry to record the transaction in the books of Damian, Inc., will include a credit to Paid-in Capital in Excess of Par $8,000 calculated as:

Fair market value  $10,000

Less  common stock $2,000

(200 shares *$10 per share)

Paid-in Capital in Excess of Par $8,000

Claire is opening her first savings account with a $200 deposit. Her account pays 0.5% interest compounded monthly. How much will this $200 earn in interest over the next 20 years?

Answers

If adding

48240

If subtracting

47760

commercial banks hold deposits and

Answers

Anddd??? What?? You just typed and stopped midway lol
? Umm I don’t get it

Agent Smith showed a buyer a listing. The laws in the state require the agent to do an agency disclosure before showing a listing and showing a house to a prospective purchaser creates an agency relationship. If Agent Smith did not use an agency disclosure, and there is no written buyer agency agreement, but Agent Smith showed the listing anyway, what term would best describe the agency relationship

Answers

Answer:

Implied agency

Explanation:

Agency

This is simply known as a form of

relationship between two parties in that the principal hires another person to represent him or her.

An agency relationship can be created with 2 types of agreements between the parties. They are

1. Express agency

2. Implied agency

Express agency

This is simply known as a formal contractural agreement. It can be in an oral or written format.

Implied agency

This is often regarded as an implied agreement. It is an agency which is created through the actions of the parties, instead of an express agreement. It is also called Ostensible agency.

Listing Agreement

This is simply defined as written employment contract which gives right to the broker to find a buyer or a tenant for the owner's property.

managers can more accurately estimate the profit-maximizing price using a(n)

Answers

Managers can more accurately estimate the profit-maximizing price using a demand curve.

A demand curve shows the relationship between the price of a product and the quantity demanded by consumers. By analyzing the demand curve, managers can determine the price point at which the quantity demanded and the revenue generated will be maximized. This point is known as the profit-maximizing price. To estimate the demand curve, managers can conduct market research, analyze historical sales data, and consider factors such as consumer preferences, competitor pricing, and market trends.

With this information, they can plot the demand curve and identify the price point that will yield the highest profit margin. By using a demand curve to estimate the profit-maximizing price, managers can make more informed pricing decisions that are based on data and insights rather than intuition or guesswork. This can help to maximize profits, optimize pricing strategies, and gain a competitive advantage in the market.

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The following information is available regarding Siesta Corporation for the most recent year: Net income $120,000; Preferred dividends $40,000; Average number of shares outstanding 100,000; Retained earnings balance $56,000. What is the earnings per share for the current year?
a. $0.60.
b. $0.80.
c. $0.20.
d. $1.20.

A company receives equipment worth $50,000 in exchange for 10,000 shares of $2 par value stock. This transaction includes an increase to:
a. common stock for $20,000.
b. equipment for $30,000. c
c. ommon stock for $50,000.
d. additional paid-in capital for $20,000.

Answers

The correct answer to the 1st question is option (b) i.e., the earnings per share for the current year is $0.80.This means that for every share of Siesta Corporation's stock, the company earned $0.80 in the most recent year. The correct answer to the 2nd question is option (a) common stock for $20,000.

The earnings per share for the current year can be calculated by dividing the net income minus preferred dividends by the average number of shares outstanding. In this case, the net income is $120,000 and the preferred dividends are $40,000. The average number of shares outstanding is 100,000.

To calculate the earnings per share, we subtract the preferred dividends from the net income:
$120,000 - $40,000 = $80,000

Then we divide the result by the average number of shares outstanding:
$80,000 ÷ 100,000 = $0.80

Therefore, the earnings per share for the current year is $0.80.This means that for every share of Siesta Corporation's stock, the company earned $0.80 in the most recent year.

Regarding the second question, when a company receives equipment worth $50,000 in exchange for 10,000 shares of $2 par value stock, there are two accounts that are affected: common stock and equipment.

The par value of the stock is $2, so the common stock account will increase by 10,000 shares multiplied by the par value:
10,000 shares × $2 par value = $20,000 increase in common stock

The equipment received is worth $50,000, so the equipment account will increase by $50,000.

Therefore, the correct answer is: a. common stock for $20,000.

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They have not flesh, nor feathers, nor scales, nor bone. Yet they have fingers and thumbs of their own. What are they?

Do not google it

Answers

Answer: ohh ive heard this one my freind told me this riddle: it would be gloves

Explanation:

i hope this helps :)

Have a good day :D

Question 2 (1 point)
Huda wants to buy soda. A 12-pack costs $9.50. She knows that with the local sales
tax of $2.00, the total should be $11.50. However, when she gets to the checkout,
the total is now $13.00. Which type of tax is Huda MOST likely paying that would
explain the extra $1.50?
estate
excise
inheritance
O income
Question 3 (1 point)

Answers

Excise, it's an extra tax which makes you pay more

Answer:

$2:00,o income $ 1:50 huda soda most type that tax 3)1 point )

The Florida Department of Highway Safety and Motor Vehicles says the cost of a single _______ arrest can exceed $20,000.

Answers

The cost of a single impaired arrest can exceed $20,000 according to the Florida Department of Highway Safety and Motor Vehicles

The Florida Department of Highway Safety is responsible for ensuring road user abide to the state road laws and regulations.

The state imposes a high sanction for any driver found driving drunk which means he/she is involved in Impaired driving.

Hence, the cost of a single impaired arrest can exceed $20,000 according to the Florida Department of Highway Safety and Motor Vehicles

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Why is it better to have 10 new businesses with 10 employees each than to have a factory with 100 workers?

Answers

Answer:

100 workers can help get the job done a lot easier

Explanation:

10x10=100

How can a diverse economy like the United States, satisfy the needs of its consumers?

Answers

Answer:

Supply and Demand

Explanation:

9. Suppose the principal of a public school re-
quired all students to recite a prayer at the start
of each school day. What level of government
(federal, state, or local) would most likely deter-
mine whether or not the principal's action was
constitutional?

Answers

Answer: Federal government

Explanation:

Based on the scenario in the question, the federal government would most likely determine whether or not the principal's action was constitutional.

This is a national issue and shouldn't be left in the hands of the local or state government. It should be noted that in 1962, school sponsored prayer in the public schools was banned by the United States Supreme Court, on the basis that the First Amendment was being violated.

The court later ruled that students can meet and then pray on their respective school grounds so far it's done privately and no one is forced.

Hence, the federal government would most likely determine whether or not the principal's action was constitutional.

Which of the following is not an effective strategy for verbal communication?

A) Repeat facts back to the other person.

B) Speak in a respectful tone of voice.

C) Avoid slang or unfamiliar jargon.

D) Choose your vocal tone and pitch carefully.

Answers

Answer: A)

Explanation: Its not a effective strategy because if you repeat the acts the other peron will get tired of hearing you and it can turn into a boring conversation.

Click this link to view O*NET's Tasks section for Postal Service Mail Carriers. Note that common tasks are listed
toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common
tasks performed by Postal Service Mail Carriers? Check all that apply.
installing mailboxes
O obtaining signed receipts for mail
sorting mail
delivering mail
O supervising other mail workers
reviewing job applicants
Done

Click this link to view O*NET's Tasks section for Postal Service Mail Carriers. Note that common tasks

Answers

Answer:

1. obtaining signed receipts for mail

2. sorting mail

3. delivering mail

Explanation:

Postal Service Mail Carrier's main responsibility is to deliver mail to their intended receipts. The Postal Service mail carriers are the last people in the mail distribution channel. They are the people who get mail to the receipts and have them sign for it.

The Postal service mail carriers will be issued with mail, usually for a particular route. They will sort to identify the address where each mail is to be delivered. Upon arriving at the correct address, the postal service mail carrier will hand over the mail to the recipient and have them sign as an acknowledgment of receipt.

Answer:

AEF

Explanation:

What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.

Answers

Answer:

I think D is correct answer

The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.

The information related to the profit is as follows:

It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.

Therefore all the other options are incorrect.

Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.

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Which of the following are types of evidence that can be used to support a
controlling idea? *
facts (statements that can be proved true)
statistics (data that is gained from research)
examples (specific instances of a general idea)
anecdotes (brief stories that illustrate a point)
all of the above

Answers

Answer:

all of the above

Explanation:

The controlling idea is the text that grabs the reader's attention in a paragraph or headline. It arouses curiosity in the audiences. The controlling idea makes people eager and anxious for details. In support of the controlling idea, the writer uses evidence to paint a clear picture of the events or story.

Some of the evidence that a writer can use include

Verifiable facts and dataReal-life stories and experiencesResearch outcomesFactual information in the public domain
Other Questions
In Jonesville Louisiana 125 students attend last Friday high school football game. This about 25% of the students currently enrolled at the school. How many students are enrolled at the high school? What is a terrestrial planet? The statement below is a way to say that the sides of these similar rectangles are proportional.Complete the equation that goes with the statement. Click on the question mark and change it to a check for all answers that are TRUE and a blank box for all answers that are NOT TRUE about sponges. Sponges feed on plankton in the water column. Sponges feed on organic matter that is on the sea floor. The drastic change in form from larva to adult in sponges is called metamorphosis. 2 The term for particles of dead organic matter is detritus. 2 Sponges are able to reproduce asexually or sexually. Which Class of Cnidarian are Hydrolds? Multiple Choice O Class Hydrozoa O Class Anthozoa O Class Scyphozoa Help as soon as possible thank you What influence the interpretation of conversation to effective communication? 1. Janet is 1. 5 m tall and her brother is 1. 2 times taller. Their father is half their combined height, which is 0. 1 m more than their mother's height. a) what is the combined height for Janet's mother and father? b) Is Janet more or less than half of her parent's combined height? The number of months' supply of home listings 'for sale" at a particular time is called the single largest component of the basket of goods that comprises the cpi is the category for part 2 a. transportation. b. medical care. c. food and beverages. d. housing. Sara was very ill, and her roommate noticed that Sara washypoventilating -- a slow, shallow breathing. There were evenmoments of apnea when her breathing temporarily stopped.Compare the exchange of What was accomplished by early farming societies but not by hunter-gatherer societies? WILL MARK BRAINLIESTA company purchased office furniture for $10,000 in 2009. In 2019, the company moved to a new location, and they sold the furniture.The value of the furniture decreased over time, as shown in the graph below, where the y-axls represents the value of the furniture, in dollars,and the x-axis represents the number of years since 2009.answer question at bottom Calculate the constant of variation if y varies directly as x.y = -3x = 2 - 1 - 6 Larry spends 70% of his salary on food expenses. He spends 40% of the remaining salary to meet his travel expenses. If he is finally left with $ 3600, then his traveling expenses will be How is this theme conveyed in chapter 16 in summer of the mariposas? How does this develop or build on the theme in this chapter compared to previous chapters?(Tip: Think about what other characters say and do and what happens to teach what Odilia and her sisters learn.) Which equations could be used to solve for the unknown lengths of ABC? Check all that apply.sin(45) = StartFraction B C Over 9 EndFractionsin(45) = StartFraction 9 Over B C EndFraction9 tan(45) = AC (AC)sin(45) = BCcos(45) = StartFraction B C Over 9 EndFraction Write a statement that computes num1 plus num2, divides by 3, and assigns the result to finalResult. Ex: If num1 is 4 and num2 is 5, final result is 3.Sample program:#include using namespace std;int main() {int num1 = 0;int num2 = 0;int finalResult = 0;num1 = 4;num2 = 5;cout which graph best represents the relationship between the velocity of an object thrown straight upward from Earth's surface and the time that elapses while it is in the air? Pls help dew today i also need help with Science Does the graph represent a non-proportional function? How do you know?