Assume that you contribute $200 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $300 per month for another 30 years. Given a 7 percent interest rate, what is the value of your retirement plan after the 50 years

Answers

Answer 1

Answer:

Total FV= $1,220,441.33

Explanation:

First, we need to calculate the value of the $200 for 20 years. To calculate the future value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

A= 200

n= 20*12= 240

Intertest rate= 0.07/12= 0.005833

FV= {200*[(1.005833^240) - 1]} / 0.005833

FV= $104,180.27

Now, the value of the $300 for 30 years. At the same time, the future amount of the first investment. Each one with its separate formula.  

$300 monthly investment:

n= 300*12= 360

FV= {300*[(1.005833^360) - 1]} / 0.005833

FV= $365,962.41

$104,180.27 investment:

FV= PV*(1+i)^n

FV= 104,180.27*(1.005833^360)

FV= $854,478,92

Finally, the total FV:

Total FV= 854,478.92 + 365,962.41

Total FV= $1,220,441.33


Related Questions

Business writing is more forceful when it uses active- voice verbs. Revise the following sentences so that verbs are in
the active voice. Put the emphasis on the doer of the action. Add subjects if necessary.
Example Antivirus software was installed on her computer.
Revision Madison installed antivirus software on her computer.
a. To protect students, laws were passed in many states that prohibited the use of social security numbers as identification. 

b. Software was installed to track how much time employees spend surfing the Web. 

c. Checks are processed more quickly by banks because of new regulations. 

d. Millions of packages are scanned by FedEx every night as pack- ages stream through its Memphis hub. 

e. Companies are being advised by analysts that tablet computers have to be replaced more often than PCs. 


Answers

Answer:

a. To protect students, laws were passed in many states that prohibited the use of social security numbers as identification.

Revision: Law makers in order to protect students passed laws in many states that that prohibited the use of social security numbers as identification.

b) Software was installed to track how much time employees spend surfing the Web.

Revision: The IT department installed software to track how much time employees spend surfing the Web.

c. Checks are processed more quickly by banks because of new regulations.

Revision: The banks are now processing checks more quickly because of new regulations.  

d) Millions of packages are scanned by FedEx every night as pack- ages stream through its Memphis hub.

Revision: FedEx scans millions of packages every night as packages stream through its Memphis hub.

e) Companies are being advised by analysts that tablet computers have to be replaced more often than PCs.

Revision: Some analysts have given advise to companies that tablet computers have to be replaced more often than the PCs.

What is the ability to adapt to changes?
A Master Plan
B Inventory
C Flexibility
D Timeline

Answers

Answer:

The answer is C Flexibility.

Explanation:

Answer:

a .master plan

Explanation:

im not sure

The following information is available for Wonderway, Inc., for 2015:

Factory rent $28,700
Company advertising 19,900
Wages paid to laborers 83,600
Depreciation for president's vehicle 8,050
Indirect production labor 1,990
Utilities for factory 31,400
Production supervisor's salary 31,600
President's salary 61,300
Direct materials used 35,600
Sales commissions 7,640
Factory insurance 13,600
Depreciation on factory equipment 28,000

Required:
a. Calculate the direct labor cost for Wonderway.
b. Calculate the manufacturing overhead cost for Wonderway.
c. Calculate the prime cost for Wonderway.
d. Calculate the conversion cost for Wonderway.
e. Calculate the total manufacturing cost for Wonderway.
f. Calculate the period expenses for Wonderway.

Answers

Answer:

a. $81,610

b. $135,290

c. $117,200

d. $216,900

e. $252,490

f.  $96,890

Explanation:

direct labor cost = $83,600 - $1,990 = $81,610

manufacturing overhead cost = $28,700 + $1,990 + 31,400 + $31,600 + $13,600 + 28,000 = $135,290

prime cost = $35,600 + $81,610 = $117,200

conversion cost = $81,610 + $135,290 = $216,900

total manufacturing cost = $135,290 + $117,200 = $252,490

period expenses = $19,900 + $8,050 + $61,300 + $7,640 = $96,890

Match Everything together pls help I will mark brainliest pls 100 points
1.___ Executive Summary a. Description of Major Marketing Activities
2.___ Executive Summary b. Schedule of marketing activities
3.___ Executive Summary c. Description of resources needed
4.___ Executive Summary d. Major Products and Services
5.___ Executive Summary e. Short and long term financial needs
6.___ Customer Analysis f. Long and Short Term Goals
7.___ Customer Analysis g. Promotional Poster
8.___ Customer Analysis h. Human Resources Plan - hiring and training
9.___ Operations Plan i. The Business Idea
10.___ Operations Plan j. Start-up Costs
11.___ Operations Plan k. Sources of Financing
12.___ Operations Plan l. Sales Forecasts
13.___ Fiscal Plans m. Budgets and Financial Statements
14.___ Fiscal Plans n. Location, Numbers, and Resources of Customers
15.___ Fiscal Plans o. Ownership Structure/Form
16.___ Fiscal Plans p. Strength and Weaknesses
17.___ Marketing Plan q. Organization of the company with a chart
18.___ Marketing Plan r. Description of major operations
19.___ Marketing Plan s. Analysis of resources needed
20.___ Marketing Plan t. Description of Customers

Answers

Answer:

t m h c i b j g k l a f o n p r e s d q

Explanation:

I need help answer this question please

Answers

All managers throughout an organization may be involved in?

Can someone please help me. I’ll report if your guessing

Answers

1. $130
2.B’s
3.Yes
4.No


1.600 miles
2.2 aircrafts
And I’m not sure on the last one but I hope this helped!

Alcorn Service Company was formed on January 1, Year 1.

Events Affecting the Year 1 Accounting Period

1. Acquired $66,000 cash from the issue of common stock.
2. Purchased $2,400 of supplies on account.
3. Purchased land that cost $30,000 cash.
4. Paid $2,400 cash to settle accounts payable created in Event 2.
5. Recognized revenue on acount of $54,000
6. Paid $27,000 cash for other operating expenses.
7. Collected $44,000 cash from accounts receivable.

Information for Year 1 Adjusting Entries

8. Recognized accrued salaries of $3,800 on December 31, Year 1.
9. Had $800 of supplies on hand at the end of the accounting period.


Events Affecting the 2019 Accounting Period
1. Acquired $26,000 cash from the issue of common stock.
2. Paid $3,800 cash to settle the salaries payable obligation.
3. Paid $5,400 cash in advance to lease office space.
4. Sold the land that cost $30,000 for $30,000 cash.
S. Received $6,600 cash in advance for services to be performed in the future.
6. Purchased $1,600 of supplies on account during the year.
7. Provided services on account of $38,000.
8. Collected $39,000 cash from accounts receivable.
9. Paid a cash dividend of $5,000 to the stockholders.
10. Paid other operating expenses of $25,500.

Information for 2019 Adjusting Entries
11. The advance payment for rental of the office space (see Event 3) was made on March 1 for a one-year term.
12. The cash advance for services to be provided in the future was collected on October 1 (see Event 5). The one-year contract started on October 1.
13. Had $900 of supplies remaining on hand at the end of the period.
14. Recognized accrued salaries of $4,500 at the end of the accounting period.
15. Recognized $1,000 of accrued interest revenue.

Required:
Identify each event affecting the 2018 accounting periods as asset source (AS), asset use (NJ), asset exchange (AE), or claims exchange (CC).

Answers

Answer:

1. Asset Source

2. Asset Source

3. Asset Exchange

4. Asset Exchange

5. Asset Source

6. Asset Use

7. Asset Exchange

8. Claim Exchange

9. Asset Use

10. Asset Use

Explanation:

Asset use is the daily operating activities in a business where transactions are performed and assets are purchase for use. These are routine day to day activities for a business. Asset exchange is the acquisition of asset with another asset. Asset Source is the funding of business through cash and cash equivalents. Claim exchange is the pending assets which is claimed by the business.

Two metrics that are used to measure a company's financial performance are net income and cash flow. Accountants emphasize net income as calculated in accordance with generally accepted accounting principles. Finance people generally put at least as much weight on cash flows as they do on net income. Question 9 options: True False

Answers

Answer:

true

Explanation:

Finance people place greater weight on cash flows that net income.

Net income = total revenue - total cost

Cash flow is the movement of cash and cash equivalents in and out of an organisation.

Even though a company may be generating a positive net income, the positive net income may not be from sustainable sources, so it is for this reason that cash flows are examined.

also, cash flows are less subject to manipulation when compared with net income.

It is for these reasons that finance people place more importance on cash flows

Lauren Fine Clothing manufactures clothes for professional women. Lauren applies overhead at the rate of $15 per direct labor hour. During April, the company has budgeted 9,420 direct labor hours. At the end of April, 9,200 direct labor hours and $132,670 in manufacturing overhead had been incurred. To adjust for the difference between applied and incurred overhead, which journal entry would the firm record (using the pro-rated approach) given the following ending balances:

Answers

Answer: Debit MOH and credit cost if goods sold by 5330.

Explanation:

From the question, we are given the following information:

Overhead rate = $15 per direct labor hour

Direct labor hour incurred = 9,200

Manufacturing overhead cost incurred $132,670

We will then calculate the value for the applied manufacturing overhead which will be the direct labor hour incurred multiplied by the predetermined overhead rate. This will be:

= 9,200 x 15

= $138,000

Then, we have to calculate the overapplied manufacturing overhead which will be:

= $138,000 - $132,670

= $5,330

The journal entry will then be:

Debit: Manufacturing overhead (MOH) $5330

Credit: Cost of goods sold $5330

Donny, of Donny's Doughnuts, bakes and sells 100 dozen doughnuts a day using one mixer and one fryer. His rival, Sunshine, of Sunshine's Doughnuts, produces 180 dozen doughnuts a day using two mixers and two fryers. Both shops use the exact same technology to make doughnuts and have the same number of workers and the same size building. Donny and Sunshine both increase their capital equipment by one mixer and one fryer
Which shop will benefit the most from its expansion?
A. The shops will benefit equally because they are using the same quantity of equipment.
B. Donny, because his workers currently have less available capital to work with
C. The local weight-loss clinic, because the number of doughnuts consumed will increase
D. Sunshine, because her operation was producing more doughnuts to start with
How much should Donny realistically expect his production to increase with the new equipment?
A. about 80 dozen
B. about 50 dozen
C. at least 100 dozen
How much should Sunshine realistically expect her production to increase with the new equipment?
A. about 50 dozen
B. at least 80 dozen
C. at least 100 dozen

Answers

Answer:

Which shop will benefit the most from its expansion?

B. Donny, because his workers currently have less available capital to work with

The law of marginal returns applies here, that is why Sunshine donuts didn't produce twice as many by using more machines

How much should Donny realistically expect his production to increase with the new equipment?

A. about 80 dozen

Similar to the additional production that Sunshine had in the past.

How much should Sunshine realistically expect her production to increase with the new equipment?

A. about 50 dozen

Maybe even a little more than 50 dozen, but definitely less than 80 or 100.

A band wants to know what their most popular CD is so that they can have more copies made to sell. Which statistical measurement is the band most likely to use?
mean
mode
median
average

Answers

Answer:

B:mode

Explanation:

got it right

Answer:

its mode

Explanation:

they were right...should give me brainliest

nicholas omgnicholas omgnicholas omgnicholas omg

Answers

Omgggg omgggg omgggg
Omgnicholasomgnicholas

Taxable income of a corporation
a. differs from accounting income due to differences in intraperiod allocation between the
two methods of income determination.
b. differs from accounting income due to differences in interperiod allocation and
permanent differences between the two methods of income determination.
c. is based on generally accepted accounting principles.
d. is reported on the corporation's income statement.

Answers

Answer:

Option b. Differs from accounting income due to differences in interperiod allocation and

permanent differences between the two methods of income determination.

Explanation:

Corporation examples are joint stock companies, joint accounts, associations, insurance companies e.t.c.

A Corporation taxable income is simply defined as a part of its profits generated by corporations that is collected by the Federal and State government as an income tax. It is known as a direct tax. It is placed on the net income or profit of a corporate organization. The tax rate for corporation uses the slab rate system or method of taxation that is based on the type of corporate entity and the different revenues gotten by them individually.

what is political geography​

Answers

Explanation:

Political geography is concerned with the study of both the spatially uneven outcomes of political processes and the ways in which political processes are themselves affected by spatial structures.

MARK AS BRAINLIEST PLEASE

Answer:

Is concerned with the study of both uneven spatially outcomes of processes from politics and the ways in which political processes are affected by spatial structures!

What are the primary reasons food producers can increase profits by participating in a local direct market?

They get higher prices and keep all the retail sales.
The local government gives them tax breaks.
The local community supports their efforts with donations.
They save on transportation and travel costs.

Answers

Answer:

What are the primary reasons food producers can increase profits by participating in a local direct market? They get higher prices and keep all the retail sales

Explanation:

The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 18,900 Current assets $ 11,700 Debt $ 15,700 Costs 12,800 Fixed assets 26,500 Equity 22,500 Taxable income $ 6,100 Total $ 38,200 Total $ 38,200 Taxes (21%) 1,281 Net income $ 4,819 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.)

Answers

Answer:

9.69%

Explanation:

Calculate for the internal growth rate

First step is to calculate the ROA

ROA = $4,819/$38,200

ROA=.1262*100

ROA= 12.62%

Second step is to calculate the plowback ratio b

The plowback ratio, b= 1 – .30

b= .70

Now let calculate the Internal growth rate using this formula

Internal growth rate=(ROA × b)/[1 – (ROA × b)]

Let plug in the formula

Internal growth rate=[.1262(.70)]/[1 – .1262(.70)]

Internal growth rate=.0969*100

Internal growth rate= 9.69%

Therefore the internal growth rate will be 9.69%

A company is currently selling 10,000 units of product monthly for $40 per unit. The unit contribution margin is $27. The company believes that spending $50,000 per month on advertising will allow them to increase the selling price to $45 and that sales will increase by 750 units per month. The company should ______.

Answers

Answer:

The company should accept the idea reason been that the profit will increase by $24,000

Explanation:

Calculation to determine What should the company do

First step

Increased CM = [10,750 x (27+(40-45))]- (10,000 x 27)

Increased CM = [10,750 x(27+5)]- (10,000 x 27)

Increased CM = (10,750 x 32) - (10,000 x 27)

Increased CM = $344,000-$270,000

Increased CM = $74,000

Now let calculate the profit

Profit =$74,000-$50,000

Profit=$24,000 Increase

Therefore based on the above calculation The company should accept the idea reason been that the profit will increase by the amount of $24,000

A cola company with processing plants and distributors on every continent is known as which of the following?

global food retailer
worldwide food distributer
international food trader
multinational food manufacturer

Answers

Global food retailer I think

Answer:

Multinational Food Manufacturer!

Explanation:

Got it right on Quiz 2022

Brody Corp. uses a process costing system. Beginning inventory for January consisted of 1,900 units that were 46% completed. 10,300 units were started during January. On January 31, the inventory consisted of 530 units that were 76% completed. How many units were completed during the period

Answers

Answer:

11,670

Explanation:

Calculation for How many units were completed during the period

Beginning inventory 1,900

Add units started 10,300

Less ending inventory equals completed units 530

Units completed 11,670

(1,900+10,300-530)

Therefore How many units were completed during the period were 11,670

During 2020, Inez (a single taxpayer) had the following transactions involving capital assets: Gain on the sale of unimproved land (held as an investment for 3 years) $6,000 Loss on the sale of a camper (purchased 2 years ago and used for family vacations) (5,000) Gain on the sale of ADM stock (purchased 9 months ago as an investment) 2,450 Gain on the sale of a fishing boat and trailer (acquired 18 months ago at an auction and used for recreational purposes) 1,000 Overall, Inez has a long-term capital gain of $ 6,000 and a short-term capital gain of $ 2,450 .

Required:
a. If Inez has taxable income (including the property transactions) of $188,450, what is the income tax regarding these transactions? Her marginal tax rate is 32%.
b. If Inez has taxable income (including the property transactions) of $32,250, what is the income tax regarding these transactions? Her marginal tax rate is 12%.

Answers

Answer:

Gain on the sale of unimproved land is a long-term capital gain (6,000)

Gain on the sale of ADM stock is short term capital gain (2,450)

Gain on the sale of a fishing boat and trailer is a long-term capital gain (1,000)

So, the long-term capital gain = $6000 + $1000 = $7000. Short-term capital gain = $2,450

a. Here, Inez is in the 32% tax bracket, so her regular tax rate of 32% exceeds the alternative tax rate of 15%.

Hence, $7,000 long-term capital gain is taxed at 15%, and her short-term capital gain is taxed at 32%.

($7,000 x 15%) + ($2,450 x 32%)

= 1050 + 784

= $1,834

So, the tax is $1,834

b. Here, Inez is in the 12% tax bracket, her regular tax rate of 12% exceeds the alternative tax rate of 0%.

So, her $7000 long-term capital gain is taxed at 0%,

Her 2450 short-term capital gain is taxed at 12%.

= [(7000 x 0%) + ($2450 x 12%)]

= 0 + 294

= $294

So, the tax is $294.

at the beginning of the month there were no units in beginning work in process and 115,000 units were begun during the month. At the end of the month there were 40,000 units that were 30% complete as to conversion costs in ending work in process. If all materials are included when the production begins, the equivalent units for conversion costs is:

Answers

Answer:

The equivalent units for conversion costs is 87,000 units

Explanation:

First, we need to calculate the completed during the month

Completed units = Units begun during the month - Units in Work in process

Completed units = 115,000 - 40,000

Completed units = 75,000 units

Now calculate the equivalent unit in respect of conversion cost as follow

Equivalent units ( Conversion cost ) = Units completed in the month + ( Units in work in process x percentage of completion )

Equivalent units ( Conversion cost ) = 75,000 units + ( 40,000 x 30% )

Equivalent units ( Conversion cost ) = 75,000 units + 12,000 unints

Equivalent units ( Conversion cost ) = 87,000 units

A remotely located air sampling station can be powered by solar cells or by running an above ground electric line to the site and using conventional power. Solar cells will cost $18,000 to install and will have a useful life of 5 years with no salvage value. Annual costs for inspection, cleaning, and other maintenance issues are expected to be $2,400. A new power line will cost $27,500 to install, with power costs expected to be $1,000 per year. Since the air sampling project will end in 5 years, the salvage value of the line is considered to be zero. At an interest rate of 10% per year,

a. Which alternative should be selected on the basis of an annual worth analysis
b. What must be the first cost of the above ground line to make the two alternatives equally attractive economically?

Answers

Answer:

a) should install the solar cells

alternative 1, solar cells

initial investment $18,000

annual expenses $2,400 (5 years)

NPV =  $27,097.89

AW = (10% x $27,097.89) / [1 - (1 + 10%)⁻⁵] = $7,148.36

alternative 2, power line

initial investment $27,500

annual expenses $1,000 (5 years)

NPV =  $31,290.79

AW = (10% x $31,290.79) / [1 - (1 + 10%)⁻⁵] = $8,254.43

b) $23,307.10

Assume you found the following stock quote for DRK Enterprises, Inc., at your favorite Web site. You also found that the stock paid an annual dividend of $.89, which resulted in a dividend yield of 1.6 percent. Assume the company has 92 million shares of stock outstanding and a P/E ratio of 21.

Company Symbol Vol Close Chg %Chg %Chg
DRK Enterprises DRK 18,649,130 ?? .26 .45% 8.73%
What was net income for the most recent four quarters?

Answers

Answer:

$234,690,475.84

Explanation:

Dividend yiedl = Annual dividend / Stock price

1.6% = $0.89 / Stock price

Stock price = $0.89/0.016

Stock price = $55.625

P/E Ratio = Stock price / EPS

21 = $55.625 / EPS

EPS = $55.625 /21

EPS = $2.6488

Net income = EPS * No of shares outstanding

Net income = $2.6488 * 92,000,000

Net income = $234,690,475.84

Therefore, the net income for the most recent four quarters is $234,690,475.84

After a financial crisis hits the country of Barbaria, 8 million people become unemployed. If 35 million individuals are lucky enough to keep their jobs, what is the unemployment rate

Answers

Answer:

18.60%

Explanation:

Total labor force = $8 million + $35 million = $43 million

Unemployment Rate = (Unemployed/Labor force)*100

Unemployment Rate = $8 million/$43 million * 100

Unemployment Rate = 0.1860465 * 100

Unemployment Rate = 18.60%

A company has determined that its Recovery Time Objective (RTO) for a critical system is three minutes. In order to ensure the continuous availability of its critical systems, the company should consider:

Answers

Answer:

An active-passive local server

Explanation:

Mr. Frohardt donated $40,000 toward future scholarships. The scholarships are to be paid according to the following schedule:
• end of year 1: $1,000,
• end of year 2: $1,500,
• end of year 3: $2,000,
• and so on...
with the amount increasing $500 each year until the scholarship reaches $5,000. The annual scholarship will remain at $5,000 until the fund is depleted. If the account balance is less than $5,000 at the end of any year (i.e., after the awarding of the $5,000 for that year), that remaining amount immediately will be awarded as a smaller scholarship, and the account will be closed. The scholarship fund earns interest at an effective annual rate of 8%. Determine how many full $5,000 scholarships will be awarded.

Answers

Answer:

18 full scholarships will be awarded

Explanation:

year       beginning     interest     scholarship    ending

               balance        earned  awarded       balance

1        40000        43200        1000        42200

2        42200        45576        1500        44076

3        44076        47602        2000 45602

4        45602        49250        2500 46750

5        46750        50490        3000 47490

6        47490        51289        3500 47789

7        47789        51613        4000 47613

8        47613        51422        4500 46922

9        46922        50675        5000 45675

10           45675        49329        5000 44329

11        44329        47876        5000 42876

12           42876        46306        5000 41306

13        41306        44610        5000 39610

14           39610        42779        5000 37779

15           37779        40801        5000 35801

16        35801        38666        5000 33666

17        33666        36359        5000 31359

18        31359        33868        5000 28868

19           28868        31177        5000 26177

20        26177        28271        5000 23271

21        23271        25133        5000 20133

22        20133        21743        5000 16743

23        16743        18083        5000 13083

24        13083        14129        5000 9129

25        9129                 9860        5000 4860

26        4860        5249        5000 249

What is the difference between marketing and selling?​

Answers

Answer:

selling transforms the goods into money, but marketing is the method of serving and satisfying customer needs. The marketing process includes the planning of a product's and service's price, promotion and distribution.

Suppose there are only two firms that sell tablets, Padmania and Capturesque. The payoff matrix below shows the profits (in millions of dollars) each company will earn depending on whether it sets a high or low price for its tablets. For example, the lower-left cell shows that if Padmania prices low and Capturesque prices high, Padmania will earn a profit of $15 million and Capturesque will earn a profit of $2 million. Assume this is a simultaneous game and Padmania and Capturesque are both profit-maximizing firms.

Capturesque
Padmania high price low price
high price 11,11 2,15
low price 15, 2 8, 8

1. If Padmania prices high, Capturesque will make more profit if it chooses a _____ price, and if Padmania prices low, Capturesque will make more profit if it chooses a _____ price.
2. If Capturesque prices high, Padmania will make more profit if it chooses a _____ price, and if Capturesque prices low, Padmania will make more profit if it chooses a _____ price.
3. Considering all of the information given, pricing low _____ a dominant strategy for both Padmania and Capturesque.
4. If the firms do not collude, what strategies will they end up choosing?
a. Both Padmania and Capturesque will choose a low price.
b. Padmania will choose a high price and Capturesque will choose a low price.
c. Both Padmania and Capturesque will choose a high price.
d. Padmania will choose a low price and Capturesque will choose a high price.
5. True or False: The game between Padmania and Capturesque is an example of the prisoners' dilemma.

Answers

Answer:

low low

2. low low

3. pricing low is a dominant strategy for Padmania and Capturesque.

4. price low

5. yes

Explanation:

Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.

Dominant strategy is the best option for a player regardless of what the other player is playing.

Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.

A prisoner's dilemma is  when there is a motivation for a player to make a decision that would create a less optimal outcome for other players

If Padmania prices high, Capturesque can either charge low or high. If it charges low, it would earn 15 and if it charges high, it would earn 11. It is better to charge low.

if Padmania prices low, Capturesque can either charge low or high. If it charges low, it would earn 8 and if it charges high, it would earn 2. It is better to price low

If Capturesque prices high, Padmania can either charge low or high. If it charges low, it would earn 15 and if it charges high, it would earn 11. It is better to charge low.

If Capturesque prices low, Padmania can either charge low or high. If it charges low, it would earn 8 and if it charges high, it would earn 2. It is better to charge low.

What is an alternative plan?
A) Deadline
B) Plan
C) Inventory
D) Contingency Plan

Answers

Explanation

alternative plan means a plan of reorganization (other than the Plan) that does not include Investor and/or funds managed by Investor as the sole new money underwriter.

ANSWER

PLAN

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Riverboat Adventures pays $500,000 plus $13,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $78,000, a building appraised at $218,400, and paddleboats appraised at $223,600. Compute the cost that should be allocated to the building.

Answers

Answer:

$215,460

Explanation:

Apportion the total cost using the appraised values to determine the cost to be allocated to buildings.

Total cost include Purchase price plus closing costs. That is $513,000 ($500,000 + $13,000)

Cost allocated to building is $218,400 / $520,000 x $513,000 = $215,460

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