BE6.10 (LO 4) Henry Quincy wants to withdraw $30,000 each year for 10 years from a fund that earns 8% interest. How much must he invest today if the first withdrawal is at year-end

Answers

Answer 1

Answer:

$201,302

Explanation:

Calculation for How much must he invest today if the first withdrawal is at year-end

First step is to calculate (FVF-OAn,i) using financial calculation

R = 30,000

n = 10

i = 8%

(FVF-OAn,i)=(6.71008)

Now let calculate the amount to be Invested today using this formula

Investment today = R (FVF-OAn,i)

Let plug in the formula

Investment today= 30,000 (6.71008)

Investment today = $201,302

Therefore the amount he must invest today if the first withdrawal is at year-end is $201,302


Related Questions

The present value of an annuity increases as the discount rate increases. Group of answer choices True False

Answers

Answer:

False

Explanation:

Discount rate and present value of an annuity are inversely proportionate to each other. If Discount rate increases, then the present value of an annuity decreases. If Discount rate decreases, then the present value of an annuity increases. The annuity FV payments are reduced based on the discount rate. So, the higher the discount rate, the lower the present value of the annuity is and the present value of an annuity is based on the time value of money

QUESTION 5 of 10: Which is an example of a trend?


a) Growing availability of WIFI
b) Shift to electric vehicles
c) Shift to organic foods
d) All of the above

Answers

Answer:

D- all of the above

Explanation:

Trends are things a lot of people "do", and these are all an example of that.

Trend will tend to increase the WIFI availability, Electric vehicles and organic food.

What are the consequences of the trend?

Trend is something, that is prevailing in the market and being followed by the people a lot.

Trend point out directly towards the growth. Such as increase in Electric vehicles lead to the electricity plants and organic food.

Trend has increased the consumption of energy.

Learn more about the trends here:-

https://brainly.com/question/10007094

#SPJ2

Is the resource demand curve of a firm operating in an imperfectly competitive industry more or less elastic than the resource demand curve of a firm operating in a perfectly competitive industry? Is a firm operating in an imperfectly competitive industry more or less responsive to resource price changes than a firm operating in a perfectly competitive industry?

Answers

Answer:

1. The resource demand curve of a firm operating in an imperfectly competitive industry is less elastic than the resource demand curve of a firm operating in a perfectly competitive industry.

2. A firm operating in an imperfectly competitive industry is less responsive to resource price changes than a firm operating in a perfectly competitive industry.

Explanation:

In an imperfectly competitive industry, the goods and services are heterogeneous, with few sellers and buyers, competition for market share, and the sellers are not price-takers.  Since they are not identical, and sellers are not price-takers as in a perfectly competitive market, the sellers can increase prices when a resource price (cost) has increased, and still they earn economic profits.  However, their ability to earn profits will depend on the quantities of goods produced and sold.

The Occupational Safety and Health Act does not require employers to abide by the regulations and the safety and health standards created by OSHA.


True

False

Answers

The answer is False

The financial analysis component of a business plan is to describe

a. how your business will be organized and what type of management or department structure
your business will have

b. the ?big picture? behind your business, what your business has to offer the consumer, and
why your business will be successful

c. the size of the market, how your business will fit into the market, and how your business will
stand out from other businesses in the market

d. where the funds to start and operate your business will come from, when you expect to see
profit, and how much profit you expect to see

Answers

Answer:

Option D

Explanation:

Option D explains more in terms of financial aspects

Answer:

D.where the funds to start and operate your business will come from, when you expect to see profit, and how much profit you expect to see.

Explanation:

Did on edge 2021

Lily's Pastries produces cupcakes, which sell for $5 each. During the current month, Lily produced 2,800 cupcakes, but only sold 2,700 cupcakes. The variable cost per cupcake was $3 and the sales commission per cupcake was $0.50. Total fixed manufacturing costs were $1,400 and total fixed marketing and administrative costs were $1,200. What is the product cost per cupcake under absorption costing

Answers

Answer:

$3.50

Explanation:

Absorption Costing is a Costing Method that takes into account all the Manufacturing Cost of a product (that is Variable Manufacturing Costs and Fixed Manufacturing Costs) to determine Product Cost.

Any other costs (Non - Manufacturing)  are regarded as Period costs to be expensed in the Income Statement. Examples of Period Costs are Administrative Costs, Sales Commissions and Adverting Costs

Calculation of Product Cost per cupcake under absorption costing

Product Cost = VC + FC

                      =  $3 + $1,400/ 2,800

                      = $3.50

Womble, Inc., has beginning inventory of $200 and an ending inventory of $400 for a given period in which it purchased $13,400 worth of materials. What is the dollar amount of materials used in this period

Answers

Answer:

Direct material used= $13,200

Explanation:

Giving the following information:

Womble, Inc., has beginning inventory of $200 and an ending inventory of $400 for a given period in which it purchased $13,400 worth of materials.

To calculate the direct material used, we need to use the following formula:

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 200 + 13,400 - 400

Direct material used= $13,200

On April 1, Magenta Company sells $500,000 face amount, 10% bonds. The bonds pay interest semi-annually on June 30 and December 31. The effective rate for this company is 9%. When the bonds are issued, how much interest will be included in the issue price

Answers

Answer:

$12,500

Explanation:

interest expense = $500,000 x 10% x 3/12 = $12,500

The dirty price of the bonds will include accrued interest expense. The bonds are issued at a premium since the market rate is lower than the coupon rate, but the amortization of the premium will reduce future interest expense, it cannot reduce past events.

Since October 2008, the Federal Reserve has paid interest on excess reserves held by banks. Under these circumstances, if the Fed buys Treasury securities worth $200 million from a bank, how will the money supply be affected

Answers

Question Completion:

Assume that the required reserve ratio is 10%, and that all currency is deposited into the banking system.

Answer:

The money supply would decrease by $2 billion or less.

Explanation:

a) Data and Calculations:

Treasury securities bought by the Fed = $200 million

Required reserve ratio = 10%

Money supply = $200 million/0.10 = $2,000 million

b) When the Fed buys Treasury securities worth $200 from the bank, the money supply in the economy will be increased because the action increases the amount of money available to the bank, which the bank can subsequently lend to borrowers.  However, since it is expected to lend only part of the money, the increase in  the money supply will not amount to $2 billion.  The actual money supply will be less than this amount.

The general ledger of Sandhill Corporation as of December 31, 2021, includes the following accounts: Copyrights $ 58000 Deposits with advertising agency (will be used to promote goodwill) 35000 Discount on bonds payable 78000 Excess of cost over fair value of identifiable net assets of Acquired subsidiary 560000 Trademarks 69000 In the preparation of Sandhill's balance sheet as of December 31, 2021, what should be reported as total intangible assets

Answers

Answer:

$687,000

Explanation:

Intangible Assets are identifiable assets of a non-monetary asset  and without physical substance. Intangible assets include trademarks, copyrights and goodwill that is acquired.

Important to note that Internally generated Goodwill  is not defined as an assets. Thus, deposits with advertising agency of $35,000 are not included within tangible assets

Calculation of Total Intangible Assets will be :

Intangible Assets Calculation = (Copyrights) $ 58,000  + (Goodwill Acquired) $560,000 + (Trademarks) $69,000

                                                 = $687,000

Therefore,

Sandhill's balance sheet as of December 31, 2021 should report total intangible assets of $687,000

) ________ are likely a fixed cost of a firm. A) Wages paid to employees B) The payments for supplies C) Lease payments for office space

Answers

Answer:

C) Lease payments for office space

Explanation:

The fixed cost is the cost that remains fixed whether the production level changes or not

So as per the given choices, the option c would be selected i.e. lease payment made for office space as it would be independent with respect to the quantity generated also it would be paid even there is no production take place

Therefore the option c is correct

3) When there are more substitutes for a product, the ________ for the product is ________. A) demand; less price elastic

Answers

Answer:

Explanation:

When there are more substitutes for a product, the demand for the product is more price elastic. The implication of this is that the demand of such product will drop when there is increase in it price because people can get another product which will play the same role with the previous at a lesser price. Hence, the demand for the product vis more price elastic.

How would you engage a customer who is looking for a specific brand of headphones, e.g., Apple AirPods

Answers

Answer:

By informative communication

Explanation:

In simple words, if any customer has a particular brand in his or her mind while shopping then the best to way to interact with hem is to support their desire and inform them as much as you can for their product. By doing so you indulge them in a mutual relationship and they will be fully engaged in the process. After that one can offer them other products of different brands.

If a stock consistently goes down (up) by 1.6% when the market portfolio goes down (up) by 1.2%, then its beta equals:

Answers

Answer: 1.33

Explanation:

Beta is a measure of how a stock moves in relation to the market and so can be calculated by the formula:

Beta = Change in stock / Change in market

= -1.6%/-1.2%

= 1.33

(02.03 MC)
When shopping for a savings account you should look for one that offers
O annual fees
O loyal customer fees
O simple interest
O compounding interest

Answers

Answer is A hope this helps

You are considering investing in a security that will pay you $80 in interest at the end of each of the next 10 years. If this security is currently selling for $588.81, then the IRR for investing in this security is closest to:

Answers

Answer:

the internal rate of return is 6%

Explanation:

The computation of the irr is shown below

Given that

Initial investment = $588.81

And yearly cash flows for the next 10 years is $80

Now for determining the internal rate of return we have to apply the formula

= IRR()

After applying the internal rate of return formula, the internal rate of return is 6%

Hence, the internal rate of return is 6%

A/V professionals work in school libraries.
A.
True
B.
False

Answers

I think it’s B but I could be wrong I’m sorry

Answer:

Your answer should be (B) If i am remembering right

Explanation:

Discuss why employees who are committed will be less likely to engage in work withdrawal even if they are dissatisfied.

Answers

Answer:

Due to organizational loyalty

Explanation:

In simple words, an individual who is committed to their work or organization will still work at his or her best if even if they are not very satisfied with the their current conditions. This is due to the loyalty that they develop over time. These strong feelings somehow force them to give their best and make them realize that this is not a permanent situation and things will change in future.

FlybynightSavings is offering a savings account that pays 32% compounded continuously. How much interest would a deposit of $2,000 earn over 10 years

Answers

Answer: $47,065.06

Explanation:

When interest is compounded continuously, the formula is:

Future value = Principal * e^(rate * time period)

= 2,000 * e⁰.³² ˣ ¹⁰

= $49,065.06

Amount of interest earned:

= $49,065.06 - 2,000

= $47,065.06

In February 2009, the Dow Jones Industrial Average was at a level of about 8,000. In mid-2018, it was about 24,500. Would you expect the Dow in 2018 to be more or less likely to move up or down by more than 40 points in a day than in 2009

Answers

Answer and Explanation:

Given that

There is a level of approx 8,000 in feb 2009

And there is a level of approx in mid 2018 is 24,500

Also there is 40 points

Now based on the above information

Average movement per day in both the cases would be

= 8,000 ÷ 365

= 21.92 point

And,

= 24,500 ÷ 365

= 67.12 points

So it would be more in 2018 as it represent 67.12 points i.e. more than 40 points

Use the IPMR data (In $Millions) to answer the question below. BCWS BCWP ACWP BAC EAC 7 6 6 10 10 Calculate the Schedule Performance Index (SPI). Based on the SPI: a. The contractor seems inefficient in terms of schedule. b. The contractor seems efficient in terms of schedule. c. The contractor will meet their Estimate at Completion (EAC) of 10. d. The contractor has finished 85% of the work.

Answers

Answer:

a. The contractor seems inefficient in terms of schedule.

Explanation:

Schedule Performance Index (SPI) = Budgeted Cost of Work Performed(BCWP ) / Budgeted Cost of Work Scheduled(BCWP)

Schedule Performance Index (SPI) = 6/7

Schedule Performance Index (SPI) = 0.85

So, based on the SPI, the contractor seems inefficient in terms of schedule as the Index is less than 1

Normative account captures what people often do when they are first introduced to computer and

information technology. (T/F) true or false explain why?​

Answers

Answer:

In order to implement "privacy" in a computer system, we need a more precise definition. We have to decide when and under what conditions to give out personal information. Specifically, we must decide when to allow anonymous transactions and when to require accountability. If there are subgroups in society, or countries, with differing ideas about the answers to these questions, technology can, to a large extent, accomodate each group. There does not necessarily have to be only one privacy regime. Less law and more user choice is possible now; technology can provide every user with controls fine-tuned for the balance of privacy and accessibilty that they prefer.

Explanation:

The unit rate for 63 meters in 36 minutes

Answers

Answer:

1.75

Explanation:

Divide distance by time

The total of consumer plus producer surplus is greatest A) when consumer surplus is maximized. B) when producer surplus is maximized

Answers

Answer:

neither A or B are correct.

The sum of consumer surplus plus supplier surplus maximizes at the equilibrium point.

Explanation:

At equilibrium point, there should be no deadweight loss which is what actually decreases total consumer and supplier surplus. It doesn't mean that consumer surplus is equal to supplier surplus, it only means that their sum is maximized.

Problem 5 Using the quarterly unit sales data for 2020 calculate the quarterly sales forecast using the seasonal index approach for 2021 if annual demand for 2021 is expected to be 400 units. 2020 Q1 30 Q2 110 Q3 10 Q4 80 The expected sales in Quarter 2 of 2021 is:

Answers

Answer:

The quarterly sales forecast for 2021, using the seasonal index approach:

            Estimated 2021 Sales

Q1               52

Q2             191

Q3               17

Q4            140

Total        400

Explanation:

a) Data and Calculations:

Annual demand for 2020:

            2020 Sales          Estimated 2021 Sales

Q1               30                      52 (30/230 * 400)

Q2             110                      191 (110/230 * 400)

Q3              10                        17 (10/230 * 400)

Q4             80                      140 (80/230 * 400)

Total       230                     400

b) The seasonal index approach uses an average to compare an actual observation relative to an estimated observation based on the removal of annual seasonal variations.

A company has $1,500,000 in current assets and $500,000 in current liabilities. The company's current inventory level is $250,000, and it plans to issue short-term debt to increase inventory. What is the largest amount of short-term debt the company may issue to increase inventory without dropping the current ratio below 2.0

Answers

Answer:

Sorry I didn't know plsssss

the firm finds that its marginal revenue is less than its marginal cost. to maximize profit, this firm will

Answers

Answer: b. decrease production to maximize profit.

Explanation:

Economic theory holds that to maximize profits, one should produce at a level where Marginal cost equals Marginal revenue. At this point, resources are being utilized fully but anything past this point will result in MC > MR.  

This company is past that point of production which is why they are in their current predicament. To solve this, they should decrease production till they get to a point where Marginal Revenue = Marginal cost.

What kind of externalities affects the levels of unemployment, inflation, or growth in the economy as a whole

Answers

Answer:

Macroeconomic.

Explanation:

Economics can be classified into two (2) main categories, namely;

1. Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.

2. Microeconomics can be defined as the study of the effect of price and quantity levels through interactions between individual buyers and sellers in various markets. Simply stated, it focuses on analyzing or evaluating the decisions of consumers (buyers) and those of firms (sellers) such as methods of production, pricing; and the manner in which government policies affect those decisions.

Hence, macroeconomic is a kind of externalities that affects the levels of unemployment, inflation, or growth in the economy as a whole.

GenCorp. has a total debt of $370 million and stockholders' equity of $291 million. It also has 108 million shares outstanding, with a market price of $2 per share. What is GenCorp's market debt-equity ratio

Answers

Answer:

1.71

Explanation:

Gencorp's Market debt equity ratio is calculated as;

= Total debt ÷ (Market price per share × Outstanding shares)

Given that;

Total debt = $370 million

Market price per share = $2

Outstanding shares = 108

Therefore, Gencorp's Market debt equity ratio

= $370 million ÷ ($2 × 108)

= $370 million ÷ $216 million

= 1.71

Which option should be used to commit a record in an Access table?
A. Press Esc.
B. Select Undo.
C. Press Ch+Z.
D. Move to a new record.

Answers

Answer: D

Explanation:

According to the Microsoft support website, "Move the cursor to another record to commit your changes to the database or press Shift+Enter. By default, the quotation marks disappear."

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