A rich uncle wants to make you a millionaire. How much money must he deposit in a trust fund paying 8% compounded quarterly at the time of your birth to yield $1,000,000 when you retire at age 58

Answers

Answer 1

Answer:

Initial investment= $10,110.21

Explanation:

Giving the following information:

Future value (FV)= $1,000,000

Interest rate (i)= 0.08/4 = 0.02

Number of periods (n)= 58*4= 232 quarters

To calculate the initial investment (PV), we need to use the following formula:

PV= FV/(1+i)^n

PV= 1,000,000 / (1.02^232)

PV= $10,110.21


Related Questions

Describe ways that technology and social media have changed the roles of managers since classic methods were used in the 1960s.

Answers

Answer:

Social media and technology has changed ways of routine business activities. Business managers are now conducting meeting over phone call or virtual meeting process. They are not having formal meeting as it was conducted in earlier era.

Explanation:

The technology has changed the leadership activities of managers. They are now using latest technology to solve problems and even simulation and other techniques are used for decision making process. Earlier managers used to calculate and forecast the business activities themselves and then make conclusions to make decisions.

An enterprise system is a centralized database that collects and distributes information throughout the firm. What type of financial information would be useful for both the marketing and manufacturing operations

Answers

Answer:

The description of the frame of reference in question is described below.

Explanation:

Production and selling procedures may require both intervening decades sales figures as well as estimations among which results are directly sold.

For something like the account manager, this video will help to better manage advertising campaigns, recognize targeted customers as well as forecasting potential product lines.Manufacturing facilities may require product judgment to make which product lines are about to be produced, and perhaps even the necessary adjustments to be made throughout order to attempt to eventually produce consumer goods. Business processes may be able to find solutions to questionnaire such as which performance of manufacturing firms would be necessary to find new and innovative ways or which established production capabilities is capable to accommodate future development requirements.

The purpose of a value proposition is to quickly and easily convey a company or organization's product or service offering to its intended target market. For an organization or business to accomplish this and communicate an effective value proposition message, the value proposition should be:

Answers

Incomplete question. However, I provided added explanation of the term value proposition.

Explanation:

What is the value or usefulness of this service or product to me? By clearly telling your customers satisfying answers to the raised earlier you have communicated an effective value proposition message.

So in other words, an organization should have strong convincing value propositions; so that majority of your intended target market would not resist using that product or service for another alternative.

Mune Company recorded journal entries for the payment of $50,000 of dividends, the $32,000 increase in accounts receivable for services rendered, and the purchase of equipment for $21,000. What net effect do these entries have on owners' equity

Answers

Answer:

Decrease of $18,000

Explanation:

As there is a payment of dividend so it would reduce the stockholder equity by $50,000

And, there is an increase in account receivable for rendering the service that means the service revenue would increased so the stockholder equity would increased by $32,000

Now the net effect would be

= -$50,000 + $32,000

= -$18,000

Which of the following is not something you typically see on your paycheck?
The pay period
Your identifying information
Deductions for federal or state taxes
Your dependents’ names

Answers

your dependents name

What body of people do not have to worry about raising capital?

Answers

The answer you’re looking for is
-Entrepreneurs
I hope this helps! Have a good rest of your day/night :)

Suppose you deposit $125 into a bank today earning 2.5% interest. How much money would you have after one year

Answers

Answer:

the money after one year is $128.125

Explanation:

The computation of the money after one year is shown below;

As we know that

Future value = Present value × (1 + rate of interest)^number of years

= $125 × ( 1 + 2.5% ) ^1

= $125 × 1.025

= $128.125

Hence, the money after one year is $128.125

$1,000,000. Any excess of cost over book value was assigned to goodwill. During 2013, Sleat paid dividends of $24,000 and reported a net loss of $140,000. What is the balance in the investment account on December 31, 2013

Answers

Answer:

$950,800

Explanation:

Calculation for What is the balance in the investment account on December 31, 2013

Investment account balance=$1,000,000-(30%*$140,000)-(30%*$24,000)

Investment account balance=$1,000,000 - $42,000 - $7,200

Investment account balance= $950,800

Therefore the balance in the investment account on December 31, 2013 will be $950,800

What is a scientist who studies patterns of diseases called?
A.
A doctor
B.
An epidemiologist
C.
An informatics specialist
D.
A pharmacist

Answers

Answer:

An epidemiologist

Explanation:

An epidemiologist studies patterns of disease

hope this helps...

The answer is B. An epidemiologist

Before filling in the details of an outline, you have to know your audience. To do so, ask yourself questions about your readers. Explain how you would use the answer to the question, "Do my readers already know me?" to influence your outline.

Answers

Explanation:

Well, start off by asking what audience you want to reach? If you want to have a target audience to children, you would want to use easy-to-understand wording and most likely little kid characters who they could relate to.

Put yourself in the position of someone you want to target. Younger people? Well, how did you feel when you were younger/how do you feel now?

Do you're readers know you? Often authors will have similarities in the characters they write about, for instance a person of color might use a character who is also of color and explain about racial injustices they have.

Put yourself in their place and see from their pov!

. Do the negative amounts for cash from investing activities and cash from financing activities concern us

Answers

Answer:

Of course you should be concerned about negative cash outflows resulting from investing or financing activities.

Negative cash outflows for investing activities means that the company purchased more fixed assets or securities this year than the ones that were sold. E.g. the company purchased new equipment for $100,000. Investing activities usually require large amounts of cash.

If financing activities yield negative numbers, it means that either the company paid too much in dividends, or they paid long term debts (e.g. retired bonds or paid back bank loans), but at the same time did not raise enough capital to offset them.

When you are analyzing the finances of a company, cash is king. A company might be very profitable, but it will not survive it its cash flows are negative. If there are enough positive cash flows from operating activities to offset these other cash outflows, then the company should be OK. But if operating cash flows cannot offset them, then the company should be concerned.

I WILL MARK YOU BRAINLIEST IF YOU ANSWER CORRECTLY PLS HELP!

Select the ineffective subject lines.


This E-mail Message Contains Some Extremely Important New Information About Company Operations

Computer Time

Please Use the New Form in the Revised Employee Manual for Filling Out Your Time Sheets, the Procedure Has Changed

Job Evaluation Attached

New Accounting Process

HelpDesk Closed Fridays

Vending Machines Relocated

Answers

Answer:

I think its computer time?

Explanation:

Im not 100% sure but i hope this helps <3

Answer:

A and F

I think ....

Explanation:

By defining after-tax income, demonstrate the differences resulting from a $500 tax deduction versus a $500 tax credit for a single taxpayer in the 12% tax bracket with $33,000 of pre-tax income.

Answers

Answer:

A $500 tax deduction decreases taxable income. For example, this taxpayer has $33,000 taxable income - $500 = $32,500

Total tax liability = $32,500 x 12% = $3,900

On the other hand, if the taxpayer receives a $500 tax credit, then tax liability = $33,000 x 12% = $3,960

If we apply the tax credit, total taxes owed = $3,960 - $500 = $3,460

The amount of taxes owed decreases significantly more with a tax credit.

Tammy, a single taxpayer, has a part-time job at BigCo, a company in which she has no ownership interest. In addition, she owns and operates LittleCo, a sole proprietorship that is a qualified trade or business. Tammy is paid wages of $40,000 by BigCo and has $100,000 in qualified business income from LittleCo. She has no other items of income or loss and $25,000 of itemized deductions. Assume the QBI amount is net of the self-employment tax deduction. What is her qualified business income deduction for 2020

Answers

Answer:

the deduction of the qualified business income is $20,000

Explanation:

The computation of the qualified business income is shown below:

= Qualified business income × deduction percentage

= $100,000 × 20%

= $20,000

The deduction percentage should be allowed 20% of the qualified business income and the same is to be applied

Hence, the deduction of the qualified business income is $20,000

You observe that the return on a 2-year Treasury bond is 4% and the return on a 3-year Treasury Bond is 7.2%. What is the one-year forward rate 2 years from now

Answers

Answer:

13.90%

Explanation:

Mathematically, the relationship between the different interest rates using the equation is shown below:

(1+S3)^3=(1+S2)^2*(1+2y1y)

The spot rate in year 3 is the same as the spot rate in year 2 multiplied by the 1-year forward rate beginning 2 years.

S3=3-year rate =7.2%

S2=2-year rate =4%

2y1y=one-year interest rate 2 years from now=the unknown

(1+7.2%)^3=(1+4%)^2*(1+2y1y)

(1+2y1y) =(1+7.2%)^3/ (1+4%)^2

2y1y=(((1+7.2%)^3/ (1+4%)^2)-1

2y1y= 1.138984142 -1

2y1y= 13.90%

For a short term car rental/car sharing company like Zipcar, you are acquiring locations to park your fleet. Your decision depends on the operations strategy. Match the appropriate decision with the strategy: - Differentiation - Cost Leadership - Responsiveness A. Find parking locations that are within 10 minutes walking distance of residential areas. B. Find parking locations that are unique, such as near local attractions, and include interesting facts about the location in the customer interface. C. Find parking locations that are cheap.

Answers

Answer and Explanation:

The matching is as followS:

A. Responsiveness: In this you acted quickly as you want the parking locations that should be less than 10 minutes walking from your residental area

B. Differentiation: As it should be different, unique, facts that are interested regarding the location

C. Cost leadership: As the major factor is cost

Which company has the highest level of sales ($) at the beginning of the simulation? Allstar B & B Curall Driscol Ethik

Answers

Answer:

Ethik

Explanation:

Ethik has highest level of sales at the beginning of simulation. The company Ethik has well established brand name and customers buys its products even if they are expensive as the main vision of the company is not to compromise on the quality of product.

The most important information needed to determine if companies can pay their current obligations is the

Answers

Answer:

the relationship between current assets and current liabilities

Explanation:

^

True or False Questions `
(1) The world-wide amount of foreign currency transactions is more than $5.5 trillion a day or $2,000 trillion per year: T or F
(2) The world-wide amount of merchandise and service trade is about $100 trillion per year: T or F?(3) An organized exchange is a dealer market, whereas an OTC (over-the-counter) market is an auction market: T or F?(4) The New York Stock Exchange (NYSE) is an organized market, whereas the NASDAQ is an OTC market: T or F?(5) An organized exchange has a physical location, whereas an OTC market has no centralized meeting place.(6) The foreign exchange market is a dealer market, and dealers make markets for foreign currencies by quoting the bid price at which they buy foreign currencies and the asked price at which they sell them.

Answers

Answer:

1.f

2.

Explanation:

Assume the following information pertaining to Moonbeam Company: Beginning Ending Finished goods inventory $ 148,000 $ 140,200 Work in process inventory 97,000 119,000 Direct materials 132,000 147,400 Costs incurred during the period are as follows: Total manufacturing costs $ 920,000 Factory overhead 211,000 Direct materials used 166,200 Cost of goods sold is calculated to be:

Answers

Answer:

$905,800

Explanation:

Calculation for Cost of goods sold

Total manufacturing costs $ 920,000

Add Begining Work in process inventory 97,000

Less Ending Work in process inventory (119,000)

Cost of goods manufactured $898,000

Add Begining Finished goods inventory $148,000

Less Ending Finished goods inventory$ (140,200)

Cost of goods sold $905,800

Therefore the Cost of goods sold is calculated to be: $905,800

Moral hazard is a barrier to financing global growth because:_______
a. firms sometimes have trouble determining whether they need funds or not.
b. if investors have trouble identifying high-risk firms they may be unwilling to give money to creditworthy firms.
c. there is the possibility that the funds are used for riskier behavior than the lender agreed to.
d. of the differences between financing using loans, portfolio investment and foreign direct investment.

Answers

Answer:

c. there is the possibility that the funds are used for riskier behavior than the lender agreed to.

Explanation:

True. The term "Moral Hazard" as used in an investment context, often refers to a scenario where one party with a lesser risk burden in a business agreement, deliberately takes investment risk that would be detrimental to others in the agreement who have a higher risk burden.

It is an unethical business practice; a moral hazard, and so acts as a barrier to investors who may want to finance global growth.

Consider a mutual fund with $203 million in assets at the start of the year and with 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $5 million. The stocks included in the fund's portfolio increase in price by 7%, but no securities are sold, and there are no capital gains distributions. The fund charges 12b-1 fees of 0.75%, which are deducted from portfolio assets at year-end. What is the rate of return for an investor in the fund?

Answers

Answer:

8.66%

Explanation:

The computation of the rate of return for the investor in the fund is as follows:

= (Net assets at the end  + dividend per share  - nav at the beginning of the year) ÷ (nav at the beginning of the year)

where,

Net assets at the end is

= $203 million + $203 million × 7% - ($217.21 million × 0.75%)

= $203 million + $14.21 million - $1.6291 million

= $217.21 million - $1.6291 million

= $215.58093 million

Dividend per share is

= $5 million ÷ 10 million shares

= 0.5

Nav at the beginning of the year is

= $203 million ÷ 10 million shares

= $20.3

Now the rate of return is

= ($215,.58093 + 0.5 - $20.3) ÷ ($20.3)

= 8.66%

On January 1, 2016, Goll Corp. issued 3,000 of its 10%, $1,000 bonds for $3,120,000. These bonds were to mature on January 1, 2026 but were callable at 101 any time after December 31, 2019. Interest was payable semiannually on July 1 and January 1. On July 1, 2021, Goll called all of the bonds and retired them. Bond premium was amortized on a straight-line basis. Before income taxes, Goll's gain or loss in 2021 on this early extinguishment of debt was

Answers

Answer:

$24,000 gain

Explanation:

Dr Cash 3,120,000

    Cr Bonds payable 3,000,000

    Cr Premium on bonds payable 120,000

premium amortization per coupon = $120,000 / 20 periods = $6,000

a total of 11 coupons were paid = $6,000 x 11 = $66,000

carrying value of the bonds = $3,054,000

gain/loss on retirement of bonds = carrying value - retirement value = $3,054,000 - $3,030,000 = $24,000 gain

what are the sectors of the business environment, and how do changes in them influence business decisions

Answers

Answer:

Business is affected by different factors which collectively form the business environment. These include economic, social, legal, technological and political factors. ... Business environment are categorized into three main categories; internal environment; operational environment; and general/external environment.

Read the scenario.

Raoul has just been promoted to a supervisor’s position, which is a steady job. He likes to enjoy life, take vacations, and change things up every now and then. That’s why he will not have a lot of extra money to spend on repairs and maintenance on his car.

Based on this scenario, Raoul should

buy a used car.
lease a used car.
buy a new car.
lease a new car.

Answers

Answer:

lease a new car.

Explanation:

Raul is better off leasing a new car due to the following reasons.

Raul likes to change things now and then.  With a lease, he can change the make and model of cars and often as he pleases.Raul does not have much money to repair and maintain his car. The best option is to lease a new car. A new car requires minimal maintenance. The cost of maintenance is not entirely up to Raul.

Given that Raoul would not want to spend money on repairs and car maintenance, it is best that: he lease a new car.

What is a car lease?

This is a type of financial agreement that exists where people would have to pay in order to drive a car instead of taking car loans that would have them own the car.

The lease would be beneficial because the car is new and he would not have to pay for much.

Read more on lease here: https://brainly.com/question/24460932

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7. What is the possible meaning of the changes in stock price for Berkshire Hathaway on the day of the acquisition announcement

Answers

Answer:

On the same day that announcement came, there have been inflationary pressures, which further indicates that prices are encouraged to demonstrate pointed ups and downs. Further analysis is provided below.

Explanation:

Whenever one business purchased something else, the acquisition market capitalization encourages people to dip partially or completely, although the specified company’s stock price begins to increase.The acquisition's current share market is crashing although it sometimes continues to pay a higher price to that same sales department but rather accrues available to fund the acquisition.

If your parents deposited $1,000 upon your birth and deposited $1,000 each year on your birthday including your 21st birthday. How much money will you have at the end of your 21st year if the investment earns 4% per year

Answers

Answer:

FV of annuity = $33247.96979 rounded off to $33247.97

Explanation:

To calculate the value of the investment at the end of the period, we will use the formula for the future value of annuity. The annuity is an annuity due as the investment is made at the start of the period. The formula for future value of annuity due is attached.

FV of annuity = (1+0.04) * 1000 *[((1+0.04)^21 - 1) / 0.04]

FV of annuity = $33247.96979 rounded off to $33247.97

Ken built his small business by completing tasks a specific way. He trained and carefully watched his employees to ensure that they followed the process.
Free rein
Autocratic
Democratic

Answers

Answer:

Autocratic

Explanation:

In business, Autocratic form of leaderships is a form of leaderships that require the employees to follow every orders from the leader to the letters.

The leaders will determine the goals that each members need to achieve within a specific time period. They also will provide with a detailed procedure that the employees need to follow to achieve the goals. Employees generally do not have any freedom to choose their working style within Autocratic leaderships.

What types of regulations apply to all businesses, regardless of industry?

A. Personnel regulations

ОО

B. Regulations related to clean water laws

C. Regulations related to clean air laws

D. Caveat emptor regulations

Answers

In the all businesses, regardless of industry the type of regulation apply is personnel regulations. Personnel regulation specify how individuals are to be treated and their responsibilities. The correct option is (A).

What do you mean by business?

An innovative company or group that engages in professional activities is referred to as a business.

They could be industrial, commercial, or something else. Businesses that are for profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.

In the event that a firm accrues debt, creditors may seize the owner's personal property. Corporate tax rates are not permitted in a firm structure. All business income is subject to personal taxation for the proprietor.

Therefore, in  the all businesses, regardless of industry the type of regulation apply is personnel regulations. Personnel regulation specify how individuals are to be treated and their responsibilities.

To know more about the business, visit:

https://brainly.com/question/15826771

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Answer: Personnel regulations

A

Explanation: Just took the test

Renard Co. issued a note payable to National Bank on September 1, 2018, in the amount of $900,000. The note bears interest at 9% and is payable in three equal annual principal payments of $300,000. On the opening date, the bank's prime rate was 8%. The first payment for interest and principal was made on September 1, 2019. What will Renard record for accrued interest payable on December 31, 2019

Answers

Answer: accrued interest payable on December 31, 2019=$16,000

Explanation:

Principal  Amount left as of 31st December = $900,000  - $300,000 = $600,000

Therefore

Amount of Accrued Interest Payable = Principal(Amount) x Rate x Time (1st September 2019 till 31st December 2019)

$600,000 X 8% X 4/12

= $16,000

 

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