Anthony Finley wishes to become a millionaire. His money market fund has a balance of $287,270 and has a guaranteed interest rate of 10%. How many years must Anthony leave that balance in the fund in order to get his desired $1,200,000

Answers

Answer 1

Answer:

15 years

Explanation:

The target accumulated future amount is the future value of the initial investment(present value), hence, using the future value formula provided below we can determine the investment time horizon in years required to accumulate the target amount:

FV=PV*(1+r)^n

FV=$1,200,000

PV=$287,270

r=10%

n=investment period in years=unknown

$1,200,000=$287,270*(1+10%)^n

$1,200,000/$287,270=(1+10%)^n

$1,200,000/$287,270=(1.10)^n

take log of both sides

ln($1,200,000/$287,270)=n ln(1.10)

n=ln($1,200,000/$287,270)/ln(1.10)

n=15.00years


Related Questions

Consider single-server Q with LIFO (last-infirst-out) services. Suppose that three customers show up at times 5, 6, and 8, and that they all have service times of 4. When does customer 2 leave the system?

a. 3
b. 9
c. 13
d. 17
e. 19a

Answers

Answer:

d. 17

Explanation:

The computation is shown below;

Here the time started i.e. t=0

Therefore there was no customer upto t=5 hour

At t=5

The client first came and as there was no other customer available so we begins service to customer 1

Now  

As service off is 4 hour so service to client 1 will end at

t=9 hour.

Also mid-time at t = 6

That means the client 2 came and at t = 8 the  client 3 came.

Now at t = 9 the service begins for client 3 and end at t = 13 ( 9 + 4)

At t=13 hour, so after four hours it should be 17  

The current population of a small town is 2262 2262 people. It is believed that town's population is tripling every 12 12 years. Approximate the population of the town 8 8 years from now.

Answers

Answer:

5,278

Explanation:

The computation of the population of the town after 8 years from now is as follows;

After 12 years, the total population is

= 2262 × 3

= 6,786

increment in the population is

= 6,786 - 2262

= 4,524

Per year increment is

= 4,524 ÷ 12

= 377

Now after 8 years it should be

= 2,262 + 377 × 8

= 5,278

The spread is the difference between the bid and ask prices difference between the purchase and sale prices commission charged by the broker difference between the commissions charged by full:________

Answers

Answer:

The difference between the commissions charged by Full service brokers , Discount brokers and Online brokers are is about 60% higher for Full service Brokers

Explanation:

The difference between the commissions charged by Full service brokers , Discount brokers and Online brokers are is about 60% higher for Full service Brokers

Full service brokers perform a lot of services like providing investment advice and analyzing the market on behalf of the investor therefore commissions charged by full service broker is usually higher

Carla Willis will invest $34,700 today. She needs $173,500 in 14 years. Click here to view factor tables What annual interest rate must she earn

Answers

Answer:

12.18%

Explanation:

Present value = $34,700

Future Value = $173,500

Time (n) = 14 years

Interest Rate = i

Future Value = Present Value * (1+i)^n

$173,500 = $34,700 * (1 + i)^14

(1 + i)^14 = $173,500/$34,700

(1 + i)^14 = 5

1 + i = 5^(1/14)

1 + i = 1.1218284

i = 1.1218284 - 1

i = 0.1218284

i = 12.18%

So, the annual interest rate she must earn is 12.18%.

Darin Company purchased a truck and trailer for $54,000. The appraised values of the truck and trailer are $19,000 and $38,000, respectively. What is the amount of the cost that should be assigned to the truck?

Answers

18,000 is the correct answer

nature of human resources​

Answers

Answer:

Explanation: Personnel Activities or Functions: Human Resource Management involves several functions concerned with the management of people at work. It includes manpower planning, employment, placement, training, appraisal and compensation of employees

One year ago, Peyton purchased 7,200 shares of Broncos stock for $329,640. Today, he sold those shares for $58.92 a share. What is the total return on this investment if the dividend yield is 2.2 percent

Answers

Answer:

30.90%

Explanation:

total return = dividend yield + price appreciation

price appreciation = (current price per share / previous price per share) - 1

Previous price per share = $329,640 / 7,200 = $45.78

price appreciation = ( $58.92 / $45.78) - 1 = 0.287 = 28.70%

total return = 28.70% + 2.2% = 30.90%

The real risk-free rate of interest is 3 percent. Inflation is expected to be 4 percent this coming year, jump to 5 percent next year, and increase to 6 percent the year after (Year 3). Assume maturity risk premium is zero, what should be the interest rate on 2-year, treasury securities today

Answers

Answer: 7.5%

Explanation:

Interest rate on 2 year treasury security:

= Real interest rate + Average inflation rate + Maturity risk premium

Average inflation rate = (Inflation rate coming year + Inflation rate next year) / 2

= (4% + 5%) / 2

= 4.5%

Interest rate on 2-year treasury security is:

= 3% + 4.5% + 0%

= 7.5%

What is the effective annual rate for an APR of 10.80 percent compounded quarterly?

Answers

Answer:I think its 11.89

Explanation:

Burnham Brothers, Inc. has no retained earnings since it has always paid out all of its earnings as dividends This same situation is expected to persist in the future. The company uses CAPM to calculate its cost of equity and its target capital structure consists of common stock, preferred stock, and debt. Which of the following events would reduce its WACC?
a. The flotation costs associated with issuing new common stock increase.
b. The company's beta increases.
c. Expected inflation increases.
d. The market risk premium declines.

Answers

Answer: d. The market risk premium declines.

Explanation:

The Weighted Average Cost of Capital (WACC) takes into account the cost of equity and debt which means that if either of these costs increase, the WACC will increase as well and if any decrease, WACC will follow suit.

Market risk premium is used in the calculation of the cost of equity when using CAPM in the following manner:

= Risk free rate + Beta * Market risk premium

As can be inferred from the above formula, if the market risk premium declines, a lower cost of equity will result which would then reduce the WACC as well.

Consider the telecommunications, networking, and wireless technologies you use today as a consumer and student. Does your comfort level with changes in these technologies in your personal life influence how comfortable you would be with adapting to new technologies in the workplace? Why or why not?

Answers

Answer:

Yes, people´s comfort level with changes in technology in their personal lives has a great influence over how comfortable they can be with adapting to new technologies in the workplace.

Explanation:

Telecommunications, networking, and wireless technologies are used regularly by most students, as those who are in studying years have grown with those technologies already developed. However, the rapid changes in technology that are common these days can become quite overwhelming, as they require users to constantly readapt to them. For example, our use of email has changed so much in the past years, with so many new lines of communication and new softwares that one has to learn how to use. And the more we get used to readapting, the more comfortable we can be when those changes become part of the workplace. It´s important to be prepared and to have the proper training to ensure the effective use of technology in such a fast-paced technological era.

How does understanding individual behaviour help authentic leaders overcome challenges in organisations? Provide an example in your response.

Answers

Answer:

To understand the behavior and skill set of the individual

Explanation:

Understanding individual behaviour helps leaders to understand how these people can be useful in contributing to the growth of the team and organization.

It also helps leader to understand the interpersonal skills of an individual being so that there are no issues due to the behavioral aspect with in the team.

Use your knowledge of group performance factors to complete the following sentences
The forces that create__________ are attraction to the group, resistance to leaving the group, and motivation to remain a member of the group. Your group members _________ have dressed more professionally for the client presentation. What group performance factor is this an example of?

Answers

Answer:

1. Group Cohesiveness

2. Representative

3. Norms

Explanation:

1. The forces that create GROUP COHESIVENESS are an attraction to the group, resistance to leaving the group, and motivation to remain a member of the group.

Group Cohesiveness is a term that defines the level at which group members strive to ensure the group stays together and remains successful.

2. Your group members REPRESENTATIVES have dressed more professionally for the client presentation.

3. The type of group performance factor that this is an example of is "Norm"

Group Norm is a form of rules or guidelines in which a group follows to maintain the group members' actions or behaviors.

If a small company invests its annual profits of $150,000 in a stock fund which earns 18% per year, the amount in the fund after 10 years will be nearest to:

Answers

Answer:

the amount in the fund after 10 years will be $785,075.04

Explanation:

The computation of the amount after 10 years is shown below"

As we know that

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

= $150,000 × (1 + 0.18)10

= $785,075.04

Hence, the amount in the fund after 10 years will be $785,075.04


A separate company unit responsible for its own cost and revenue is referred to as which of the following?

Answers

Answer:

forming a work team. A company unit responsible for its own costs and profits is referred to as______ -departmentalization. -specialization.

pls mark me the brainliest

Paano
maisaalang-
alang ang etika
sa pagbuo ng
teknikal-
bokasyunal na
paunawa/babala/
anunsiyo?​

Answers

Answer:

ewan

Explanation:

ewan ko lng

hope it help joke

Gurl what sorry I don’t under stand

E-Eyes has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first dividend will not be paid until 20 years from today. If you require a return of 9.75 percent on this stock, how much should you pay today

Answers

Answer:

You would pay approximately $35.00 today

Explanation:

The cost of the stock at the beginning of the year 20

= 20/9.75%

= 20/0.0975

= 205.13 dollars

We find the current price of the stock

= Fv/(1+r)^n

= 205.13/(1+9.75%)¹⁹

= 205.13/1.0975¹⁹

= 205.13/5.86

= $35.00

From this calculation you have to pay 35 Dollars today.

Uncertainties in the supply chain can lead to: _____________

a. strategic changes in production plans
b. increases in inventory across all tiers
c. declines in production
d. a reduction in safety stocks
e. the bullwhip effect

Answers

Answer:

e. the bullwhip effect

Explanation:

Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers.

Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

Therefore, the fundamental principle on which supply chain management is reliant on, is the complete collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing producer), a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

However, uncertainties or fluctuations in the supply chain can lead to the bullwhip effect.

The bullwhip effect is also referred to as the Forrester effect and it can be defined as the increasing inefficient allocation of resources or inventory fluctuations (distortions) due to changes in demand with respect to the upward movement in supply chain i.e from the retailer to wholesaler and to the manufacturer. Thus, this inaccurate assessment of the demands of consumers leads to uncertainties or fluctuations in the supply chain, especially a decrease in the accuracy of the forecast made by a manufacturer (supplier).

On September 1, 2015, Select Company borrowed $600,000 from a bank and signed a 12%, six-month note payable, with interest on the note due at maturity. Refer to the information above. The total amount of the current liability (including interest payable) for this loan that appears in Select Company's balance sheet at December 31, 2015, is: Group of answer choices

Answers

Answer:

B. $624,000

Explanation:

Calculation to determine The total amount of the current liability (including interest payable) for this loan that appears in Select Company's balance sheet at December 31, 2015

Current liability=$600,000 + ($600,000 *12% *4/12)

Current liability=$600,000 + $24,000

Current liability = $624,000

(September 1 2015 to December 31 2015=4 months)

Therefore The total amount of the current liability (including interest payable) for this loan that appears in Select Company's balance sheet at December 31, 2015 is $624,000

Accounts receivable had a debit balance of $4,000 at the beginning of the period, and a debit balance of $6,000 at the end of the period. Credit sales for the period totaled $22,000. Using this information, cash receipts for the period totaled:

Answers

Answer: $20000

Explanation:

The cash receipt for the period based on the information that's given will be:

Opening balance of account receivable = $4000

Add: Credit sales = $22,000

Less : Closing balance of account receivable = $6,000

Cash receipt = $20000

One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where Group of answer choices

Answers

Answer: Nooo

Explanation:

Ravelo Corporation has provided the following data from its activity-based costing system:
Activity Cost Pools Estimated Overhead Cost Expected Activity Assembly
$ 498,520 44,000
machine-hours Processing orders $ 54,263 1,100
orders Inspection $ 77,589 1,110
inspection-hours Data concerning the company's product L19B appear below:
Annual unit production and sales 430
Annual machine-hours 990
Annual number of orders 70
Annual inspection hours 20
Direct materials cost $ 37.74 per unit
Direct labor cost $ 10.45 per unit
According to the activity-based costing system, the unit product cost of product L19B is closest to:_________
(Round your intermediate calculations to 2 decimal places.)

Answers

Answer:

$85.56 per unit

Explanation:

Assembly = $498,520 / 44,000 Machine hours

Assembly = $11.33 per machine hour

Processing orders = $54,263 / 1,100 Orders

Processing orders = $49.33 per processing orders

Inspection = $77,589 / 1,100 Inspections

Inspection = $70.54 per inspections

Total Overhead Costs = [990*$11.33] + [70*$49.33] + [20*$70.54]

Total Overhead Costs = $11,217 + $3,453 + $1,411

Total Overhead Costs = $16,081

Overhead Cost per unit = Total Overhead cost / Number of units produced

Overhead Cost per unit = $16,081 / 430 Units

Overhead Cost per unit = $37.37 Per unit

Step-3, Average cost of product L19B

Unit cost of product L19B = Direct Material cost per unit + Direct Labor cost per unit + Overhead costs per unit

Unit cost of product L19B = $37.74 + $10.45 + $37.37

Unit cost of product L19B = $85.56 per unit

Suppose you know a company's stock currently sells for $31 per share and the required return on the stock is 0.13. You also know that the required return is evenly divided between the capital gains yield (G) and the dividend yield (D1/P0) (this means that if the required retun is 9%, the capital gains yield is 4.5% and the dividend yield is 4.5%).If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share? Answer with 2 decimals (e.g. 1.23)

Answers

Answer:

The current dividend per share = 1.89

Explanation:

13% = {[Dividend * (1 + g)] / $31} + g

g = 13% / 2 = 6.5%

13% = {[Dividend * (1 + 6.5%)] / $31} + 6.5%

6.5% = Dividend * (1 + 6.5%)] / $31

$31 * 6.5% = Dividend * (1 + 6.5%)

$2.015 / 1.065 = Dividend

Dividend = $1.89

Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 42,000 units and sold 34,000 units at a price of $120 per unit.
Manufacturing costs
Direct materials per unit $ 48
Direct labor per unit $ 18
Variable overhead per unit $ 6
Fixed overhead for the year $ 420,000
Selling and administrative cost
Variable selling and administrative cost per unit $ 12
Fixed selling and administrative cost per year $ 110,000
1a. Assume the company uses absorption costing. Determine its product cost per unit.
1b. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing.
2a. Assume the company uses variable costing. Determine its product cost per unit.
2b.
Assume the company uses variable costing. Prepare its income statement for the year under variable costing.

Answers

Answer:

1a. Product cost per unit if absorption costing is used by the company is $82 per unit.

1b. Net operating income if absorption costing is used by the company is $774,000.

2a. Product cost per unit if variable costing is used by the company is $72 per unit.

2b. Net operating income if variable costing is used by the company is $694,000.

Explanation:

1a. Assume the company uses absorption costing. Determine its product cost per unit.

Fixed overhead per unit = Fixed overhead for the year / Units produce for the year = $420,000 / $42,000 = $10

Product cost per unit = Direct materials per unit + Direct labor per unit + Variable overhead per unit + Fixed overhead per unit = $48 + $18 + $6 + $10 = $82

Therefore, product cost per unit if absorption costing is used by the company is $82 per unit.

1b. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing.

Note: See number 1b of the attached excel file for the income statement for the year under absorption costing.

From number 1b of the attached excel file, we have:

Net operating income = $774,000

Therefore, net operating income if absorption costing is used by the company is $774,000.

2a. Assume the company uses variable costing. Determine its product cost per unit.

Product cost per unit = Direct materials per unit + Direct labor per unit + Variable overhead per unit = $48 + $18 + $6 = $72

Therefore, product cost per unit if variable costing is used by the company is $72 per unit.

2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing.

Note: See number 2b of the attached excel file for the income statement for the year under variable costing.

From number 2b of the attached excel file, we have:

Net operating income = $694,000

Therefore, net operating income if variable costing is used by the company is $694,000.

Assuming that periodic inventory records are kept, the ending inventory on a LIFO basis is Group of answer choices $16,440. $17,160. $17,880. $16,640. None of these answer choices are correct.

Answers

Answer:

$16,440.

Explanation:

Please find attached the data used in answering this question

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

the ending inventory would consist of earlier purchased goods

total sales is 20800

total purchases = 26,000

ending inventory = 26,000 - 20800 = 5200

this price of the ending inventory = 3200 x 3.2) + (2000 x 3.1) = $16,440.

                               

Your engineering team improved one of your core products, in the context of this course you should immediately:
a. File for patent protection.
b. Consider the market
c. Perform some due dilgence to make sure you remain in compliance with the laws, rules, and regulations.
d. Begin looking at the Institutional views of the Host location.
e. Start analyzing the Resurces and capabilities needed in the Host.

Answers

Answer:

sorry bro i need the points

Explanation:

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A stock index currently stands at 107. The risk-free interest rate is 8.75% per annum (with continuous compounding) and the dividend yield on the index is 2.75% per annum. What should the futures price for a 6-month contract be? (Answer with two decimal accuracy. Example: 132.06)

Answers

Answer: $110.25

Explanation:

Futures price is calculated by the formula:

= Strike price * e ^ (risk free interest rate - dividend yield) * annualized time to expiry

= 107 * e^(8.75% - 2.75%) * 6/12 months

= $110.25

You consider buying a share of stock at a price of $12. The stock is expected to pay a dividend of $1.60 next year, and your advisory service tells you that you can expect to sell the stock in 1 year for $14. The stock's beta is 1.2, rf is 15%, and E[rm] = 25%. What is the stock's abnormal return?

Answers

Answer:

3%

Explanation:

The computation of the abnormal return of the stock is shown below:

= Rf + Beta (Rm - Rf)

= 15% + 1.2 (25% - 15%)

= 15% + 12%

= 27%

Now actual return is  

=[ $1.60 + ($14 - $12)] ÷ $12

= 0.3

=  30%

ANd, finally the abnormal return is  

= 30% - 27%

= 3%

Darnell lives in an area where labor is plentiful and locations for startup are relative cheap

Answers

Answer:

The answer is "Entrepreneurship and knowledge".

Explanation:

The situation is based on the research on beginning a firm, there two key production aspects which Darnell needs to succeed would be enterprise and expertise, based on the data supplied inside the question. He needs to learn a way to create, start-up, run a new business and get depth knowledge of both the arts.

Pharoah Industries collected $106,000 from customers in 2019. Of the amount collected, $24,200 was for services performed in 2018. In addition, Pharoah performed services worth $39,400 in 2019, which will not be collected until 2020. Pharoah Industries also paid $72,800 for expenses in 2019. Of the amount paid, $29,100 was for expenses incurred on account in 2018. In addition, Pharoah incurred $41,500 of expenses in 2019, which will not be paid until 2020.

Required:
a. Compute 2018 cash-basis net income.
b. Compute 2018 accrual-basis net income.

Answers

Answer:

A. $33,200

B. $35,000

Explanation:

A. Computation for 2018 cash-basis net income

2018 cash-basis net income = $106,000 - $73,800

2018 cash-basis net income= $33,200

Therefore 2018 cash-basis net income is $33,200

(b) Computation for 2018 accrual-basis net income

2018 accrual-basis net income = ($106,000 - $24,200 + $39,400) - ( $73,800 - $29,100 + $41,500))

2018 accrual-basis net income= $121,200 - $86,200

2018 accrual-basis net income= $35,000

Therefore 2018 accrual-basis net income is $35,000

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