assume that a t-bill futures contract with a face value of $1 million is purchased at a price of $95.00 per $100 face value. at settlement, the price of t-bills is $95.50. what is the difference between the selling and purchase price of the futures contract?
Answers
Assume that a $1 million T-bill futures contract is purchased at a cost of $95.00 per $100 in face value.
Simply put, what are T-bills?Treasury bills, also known as T-bills, are money market instruments that represent short-term debt issued by the Government of India. They are currently issued in three tenors, namely 91 days, 182 days, and 364 days.
Where Can I Purchase Treasury Bills?The US Treasury regularly holds auctions to sell off its bills. T-bills from the government are available for purchase on the website TreasuryDirect. It is free to sign up for, and it will function similarly to a brokerage account where your bonds are maintained. In addition to putting bids on new issues, you have the choice of setting up reinvestments into securities of the same type and term. For instance, you may use the proceeds from a maturing 52-week bill to purchase another one. a few brokers
To know more about T-bill visit:
https://brainly.com/question/22530088
#SPJ4
Related Questions
Abc currently has the following quotes: market maker bid ask size mm1 10. 00 10. 50 3 × 2 mm2 10. 20 10. 45 4 × 3 mm3 10. 25 10. 60 3 × 2 the inside bid good is for a) 300 shares. B) 200 shares. C) 400 shares. D) 100 shares
Answers
Insider offer is for 300 shares.
An insider's bid is the highest bid, or the most a person is willing to pay. In this situation, MM3 is willing to pay 10.25 for 300 shares.
In economics, supply is defined as the seller's willingness to sell/deliver various quantities of goods at various price levels within a certain time and under certain circumstances. Certain times indicate a certain period or time, and certain conditions indicate a state of ceteris paribus. In order to answer consumer needs, producers provide various goods and services.
The goods and services produced are then sold to consumers in the market according to a certain price level. Demand has to do with buying and using, while supply has to do with supply and sale. So, supply is the amount of goods and services available for sale at various price levels and situations.
You can learn more about supply here brainly.com/question/28177667
#SPJ4
most sales forecasts are based on past sales performances as well as_______
Answers
The majority of sales projections are based on anticipated market conditions as well as historical sales performance.
What often forms the basis of sales forecasts?The health of the sales pipeline, market trends, and prior performance are frequently taken into account in sales estimates. Businesses project biweekly, bimonthly, quarterly, then yearly income totals using the sales forecast.
What is the process of historical forecasting?Sales data from a specific time period is converted to quantifiable earnings trends in historical forecasting. This requires assessing your development over the course of several months, quarter, or years and making the assumption that the percentages should remain unchanged as your profitability rise in the future.
To know more about Forecast visit:
https://brainly.com/question/28839529
#SPJ4
Suppose a small cheese pizza costs $10$10 and a calzone costs $5$5. You have $40$40 to spend. The marginal utility (MU) that you derive from each is as follows: (LO19−3)(LO19−3)
a. How many of each would you buy?
b. Suppose the price of a calzone rises to $10.$10. How many of each would you buy?
c. Use this to show how the principle of rational choice leads to the law of demand.
Answers
(a) To determine how many pizzas and calzones to buy, you should consider the marginal utility per dollar spent on each item. Calculate the MU per dollar for both pizza and calzone by dividing the MU by their respective prices.
For pizza: MU per dollar = (LO19−3)/$10
For calzone: MU per dollar = (LO19−3)/$5
Since the MU per dollar is higher for calzones, you should prioritize buying calzones until you reach your budget limit of $40. Therefore, you can buy 8 calzones ($5 x 8 = $40) and 0 pizzas.
b. If the price of a calzone rises to $10, the MU per dollar for calzones becomes equal to the MU per dollar for pizzas:
For calzone: MU per dollar = (LO19−3)/$10
Now that both options have equal MU per dollar, you can choose any combination of pizzas and calzones while staying within your budget of $40. For example, you could buy 2 pizzas and 2 calzones (2 x $10 + 2 x $10 = $40), or 4 pizzas and 0 calzones, or any other combination that fits within the budget.
c. This example demonstrates the principle of rational choice, which states that individuals make decisions based on maximizing their utility given a budget constraint. When the price of calzones increased, you adjusted your purchasing decision to account for the new prices and equalized the marginal utility per dollar for both options. This illustrates the law of demand, as the demand for calzones decreased when the price increased, holding all else constant.
To know more about marginal utility click here
brainly.com/question/29830980
#SPJ11
Determine the correct sequence of the following events from start to finish.
-The kitchen staff prepares the dishes.
-Fatima, the expediter,checks the order before the server picks them up.
-Lara then transmits the order to the kitchen
-Lara takes the order from the customer and notes down.
-Brian, the chef, estimates the time each dish will require for preparation
-Lara retrieves the order and delivers it to her customer
Answers
The correct sequence of the events from start to finish is:
-Lara takes the order from the customer and notes down.Lara then transmits the order to the kitchenBrian, the chef, estimates the time each dish will require for preparationThe kitchen staff prepares the dishes.Fatima, the expediter,checks the order before the server picks them up.Lara retrieves the order and delivers it to her customerWhat is the sequence of ordering food in a restaurant?The first thing that happens is that the waiter picks up the order from the customer and takes note of it. The order will then go to the kitchen where the chef will estimate how long the order will take to be prepared.
The expediter will then check the order when the meal is done but before the waiter picks it up. The waiter than delivers to the order.
Find out more on sequence of events at https://brainly.com/question/24613604
#SPJ1
What is the normal journal entry when writing-off an account as uncollectible under the allowance method?.
Answers
Debit Allowance for Doubtful Accounts, credit Accounts Receivable.
The entry to write off a bad account affects only balance sheet accounts: a debit to Allowance for Doubtful Accounts and a credit to Accounts Receivable. No expense or loss is reported on the income statement because this write-off is "covered" under the earlier adjusting entries for estimated bad debts expense.
The journal entry for the Bad Debt Expense increases (debit) the expense's balance, and the Allowance for Doubtful Accounts increases (credit) the balance in the Allowance.
Under the allowance method, a write‐off does not change the net realizable value of accounts receivable. It simply reduces accounts receivable and allowances for bad debts by equivalent amounts. Customers whose accounts have already been written off as uncollectible will sometimes pay their debts.
Learn more about the normal journals at
https://brainly.com/question/14279491
#SPJ4
If real GDP in a small country in 2017 is $8 billion and real GDP in the same country in 2018 is $8.3 billion, the growth rate of real GDP between 2017 and 2018:
A. is 3.6%.
B. is 3.75%.
C. is 3.0%.
D. cannot be determined from the information given.
Answers
The growth rate of real GDP between 2017 and 2018 is 3.75%. Therefore, option B. is correct.
The growth rate of real GDP between 2017 and 2018 in a small country can be calculated using the following formula:
Growth Rate = ((Real GDP in 2018 - Real GDP in 2017) / Real GDP in 2017) x 100
Using the figures provided in the question, we can plug them into the formula to find the growth rate of real GDP:
Growth Rate = ((8.3 billion - 8 billion) / 8 billion) x 100
Growth Rate = (0.3 billion / 8 billion) x 100
Growth Rate = 0.0375 x 100
Growth Rate = 3.75%
It's important to note that GDP is an important measure of economic activity in a country. It represents the total value of all goods and services produced within a country's borders during a specific period of time. The growth rate of GDP is an important indicator of the health of an economy, as it shows how much the economy has grown or contracted over a given period of time. In the case of the small country in this question, a growth rate of 3.75% indicates that the economy is expanding, which is generally a positive sign for the country.
Therefore, the correct answer to the question is B, which states that the growth rate of real GDP between 2017 and 2018 is 3.75%.
For more such questions on GDP
https://brainly.com/question/13511171
#SPJ11
Define Red Gross Society.
Answers
Answer: The Indian Red Cross Society is a voluntary humanitarian organization to protect human life and health based in India.
Explanation: It is part of the International Red Cross and Red Crescent Movement, and so shares the Fundamental Principles of the International Red Cross and Red Crescent Movement.
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUe. Describe the methods you would use to pay and motivate sales people to sell this product. Would you use sales quotas or a particular type of commission structure? Why or why not? (1-5 sentences. 2.0 points)
Answers
Answer:
I would use progressive commission sales, for example:
number of units sold sales commission
0 - 200 2%
201 - 400 2.5%
401 - 600 3%
601 - 800 3.5%
801 - 1,000 4%
This way, salespeople will be motivated to sell more units, since they know that their income will increase dramatically as there sales volume increases.
The NBER would later decide that our economic recovery from the bottom of the business cycle began _____ Hoover’s famous conference on unemployment. a. before b. during c. after
Answers
The NBER would later decide that our economic recovery from the bottom of the business cycle began during Hoover's famous conference on unemployment. Option b is answer.
The statement suggests that the National Bureau of Economic Research (NBER) determined that the economic recovery from the bottom of the business cycle began during Hoover's conference on unemployment. However, this statement is factually incorrect. The Great Depression began in 1929 and it was not until 1933 that the NBER determined that the business cycle had reached its trough and the economy had begun to recover.
Therefore, the NBER would not have determined that the economic recovery began during Hoover's conference on unemployment, but rather several years later.
Option b is answer.
You can learn more about NBER at
https://brainly.com/question/14812287
#SPJ11
in a graph with output on the horizontal axis and total revenue on the vertical axis, what is the shape of the total revenue curve for a perfectly competitive seller?
Answers
The total revenue curve for a perfectly competitive seller has a linear shape.
In perfectly competitive market, a seller is a price taker, meaning they have no control over the price of the product and must accept the prevailing market price. The market demand curve represents the price at which the seller can sell each unit of output. Since the price remains constant in a perfectly competitive market, the total revenue earned by the seller increases linearly with the quantity of output sold.
The total revenue is calculated by multiplying the quantity of output by the price. As the quantity of output increases, the total revenue also increases proportionally, resulting in a linear relationship between output and total revenue.
Graphically, the total revenue curve for a perfectly competitive seller is a straight line with a positive slope. It starts from the origin and rises at a constant rate. The slope of the total revenue curve is equal to the market price in a perfectly competitive market.
Learn more about revenue here:
https://brainly.com/question/14952769
#SPJ11
Chris borrowed money from a credit union for 2 years and was charged simple interest at an annual rate of 6%. The total interest that he paid was $1080. How much money did he borrow? If necessary, refer to the ____
Answers
Chris borrowed $9000 from the credit union.to find the amount of money chris borrowed, we can use the formula for simple interest: simple interest = principal × rate × time.
if necessary, refer to the formula for calculating simple interest:simple interest = principal (borrowed amount) × rate × time
given:simple interest = $1080rate = 6% per yeartime = 2 years
let's denote the principal (amount borrowed) as p.1080 = p × 0.06 × 2
1080 = 0.12pdivide both sides by 0.12 to solve for p:
p = 1080 / 0.12p = $9000 we are given that the total interest paid is $1080, the annual interest rate is 6%, and the time period is 2 years. by rearranging the formula, we can solve for the principal (amount borrowed). plugging in the given values, we get the equation 1080 = p × 0.06 × 2. simplifying, we have 1080 = 0.12p. dividing both sides by 0.12, we find that the principal (p) is $9000. , chris borrowed $9000 from the credit union.
Learn more about interest here:
https://brainly.com/question/30393144
#SPJ11
A credit score is based in part on...
a. employment and race
b. income and location
c. employment and trust
d. payment history and total debt
Answers
Answer:
d. payment history and total debt
Explanation:
A credit score shows how reliable a borrower is in meeting their debt obligations. It is a measure of a customer's creditworthiness. A high credit score signifies a customer is good and prompt in repaying their debts.
A customer's credit history influences a credit score. When tabulating a credit score, timely installments payments, not missing on installments, and prompt loan repayment have a considerable weight. Credit history is essentially the backbone of credit score.
Starbucks company:
Your analysis should include:
1. A proposal for a new vision and mission that you feel would better represent the company.
2. An IFE and EFE OR a SWOT Analysis
3. Recommendations on strategic directions for the company that are supported by 2 of the following:
1. SPACE Matrix 2. BCG Matrix 3. IE Matrix 4. QSPM
4. Rationalization as to why recommendations are being made (Important part to be done).
Starbucks company.
Answers
Starbucks' new vision is to be the leading global provider of exceptional coffee experiences, while its mission is to inspire and nurture the human spirit—one cup, one person, and one community at a time.
What improvements can be made to Starbucks' vision and mission?Starbucks has established itself as a prominent player in the coffee industry, but in order to stay competitive and adapt to changing market dynamics, a new vision and mission are essential. The proposed vision of being the leading global provider of exceptional coffee experiences reflects Starbucks' commitment to quality and customer satisfaction. By focusing on delivering exceptional experiences, Starbucks can differentiate itself from competitors and maintain its position as a leader in the industry.
The new mission statement emphasizes Starbucks' dedication to inspiring and nurturing the human spirit. This aligns with the company's core values of creating a sense of community and connection among its customers. By emphasizing the importance of one cup, one person, and one community at a time, Starbucks aims to foster meaningful relationships and contribute positively to society.
Learn more about Starbucks
brainly.com/question/32303955
#SPJ11
Open-ended credit is credit for which debtors are given a specified amount of credit to purchase specific consumer goods and intangible goods.
Answers
Answer: False
Explanation:
Open-ended credit does not work by specified borrowing amounts given to a debtor to purchase specific goods.
Rather it works by giving the debtor a limit on the amount they can borrow and they are allowed to borrow whatever amount they want within that limit.
The credit described in the question is a close-ended credit.
Which of the following would be considered steps to creating good customer service? choose all that apply. A. make eye contact and greet a customer to show you are available to provide them service as needed B. you should have a good understanding of the product or service you provide, so that if a customer needs assistance, you are able to deliver a satisfactory response
C. smile often, if appropriate, or model the emotion that is suitable to the situation D. none of the above
Answers
Answer:A,B,C
Explanation:
A. Greet a customer and make eye contact to demonstrate your availability to assist them as needed.
B. In order to provide a satisfied response if a consumer requests assistance, you need have a solid understanding of the good or service you offer.
C. If appropriate, try to smile a lot. If not, try to show the proper emotion.
The aforementioned actions would be regarded as first steps in developing strong customer service.
Supporting and promoting customers as they discover, utilize, optimize, and troubleshoot a product or service is known as providing customer service. Additionally, processes help the staff provide excellent customer service. Finding a speedy fix for any one client issue isn't the only goal of customer service. The goal is to establish a long-lasting relationship with the consumer, one in which every interaction provides chances for a deeper, more beneficial involvement.
To learn more about Customer Service here
https://brainly.com/question/28417930
#SPJ4
The availability of the product processed, prepared, in proper condition, and/or ready to use is referred to as:
Answers
Answer: Form utility
Explanation:
Form utility is defined as how well prepared a product is to serve a customer. In some scenario's, companies produce product to meet the exact need of the customer. The form on how prepared the product is or how ready it is for the market(customer) is known as form utility.
What is the value of y in the equation below?
6(y - 1.5) = 30
Answers
Answer:
x=3
Explanation:
Answer:
y = 6.5
Explanation:
i did it on paper
Please I need help on this Question! 10 POINTS***
Answers
Answer:
I would say answer number 3. Debit cards access money in your account and credit cards are like a loan.
Explanation:
My reasoning for this is debit card you have the amount you put on it no more and no less. With credit cards you can use money that you do not have and you can pay it back later.
What 3 questions will you ask in the survey?
Answers
do you have a car?
do you have anyone in the house under 18?
are you an expirenced worker?
prompt: what is cash flow?
Answers
Cash flow pertains to the transfer of money in and out of an enterprise across a timeframe, commonly quantified via cash inflows and outflows.
What is cash flow?
Cash flow denotes the physical currency produced or dispensed through a company's exploitations, investments, and financial undertakings within a designated period- say, perhaps, one month, quarter, or year.
Cash flow assumes an essential financial measurement discerning for organizations appraising their fluidity, stability, and economic well-being. It grants intelligence into the amount of available monetary funds that companies might avail in extending short-term responsibilities, investing upon development opportunities, as well know putting together payouts to stakeholders.
Learn more about cash flow at
https://brainly.com/question/735261
#SPJ1
Alan is recording payroll that was processed outside of QuickBooks. Which QuickBooks function would be most useful? o Payroll summary o Pay bills o Journal entries o New invoice
Answers
A new invoice is recording payroll that was processed outside of QuickBooks. Thus option (D) is correct.
What is payroll?The process of paying employees' salaries is known as payroll. Making a list of the personnel who need to be paid comes first, and recording the expenses comes last. It's a complicated procedure that requires cooperation from numerous teams, including payroll, HR, and finance. Payroll deductions are sums of money taken out of an employee's overall pay to cover taxes, garnishments, and benefits like health insurance.
Invoicing. One of the most important tasks for many organizations, especially those that offer services or depend on independent contractors, is billing. Invoice creation in QuickBooks is simple, whether you're starting from scratch or using a previous estimate. Even an invoice for recurring payments can be created.
Therefore, Thus option (D) is correct.
Learn more about payroll here:
https://brainly.com/question/28040849
#SPJ1
1. 1
Define the term social change and state TWO social changes you may
encounter as a student or as an employee next year. (1X2)
(3)
1. 2
Explain how you would deal with these social changes you have
identified in 1. 1. To counter any negative impact on your success as a
student/an employee.
(2 x 2) (4)
1. 3
Discuss THREE challenges you might face post-schooling that you
would turn into an opportunity
(3 x 2) (6)
1. 4
Indicate TWO ways that show the importance of finding a balance
between personal freedom and responsible social behaviour. (2 x 2) (4)
1. 5
Recommend ONE way in which you will adapt to your post-school
social routine to minimize the impact that social pressures may have
on your academic or work performance?
(1 x 3) (3)
[20]
2
Answers
To fight any negative impact on your success as a pupil an hand a) To deal with the social changes and their negative impact on your academic or work performance.
The first step is to fete the changes and their goods. mindfulness can help you take visionary measures to minimize the impact of these changes on your life. Three challenges you might facepost-schooling that you would turn into an occasion.
a) The challenge of chancing a job This challenge can be turned into an occasion to develop your networking chops, increase your knowledge and chops through externships, volunteering, or taking courses, and gaining applicable work experience.
Two ways that show the significance of chancing a balance between particular freedom and responsible social.
a) particular freedom is essential for individual growth, tone- expression, and creativity. still, responsible social is pivotal for maintaining healthy connections, esteeming others' rights, and icing a peaceful society. Striking a balance between particular freedom and responsible social can help individualities lead fulfilling lives while contributing appreciatively to society.
Learn more about social changes at
https://brainly.com/question/22589534
#SPJ4
If a unionized company has a(n) ______ shop, the workers do not have to join the union, and they do not pay dues or fees to the union.
managed
open
closed
union
agency
Answers
I haven’t done this in a while
The workers do not have to join the union or pay the dues or fees to the union, only when there is an open shop owned by the unionized company. Hence, Option B is correct.
What is a unionized company?There are two types of organizations, one is unionized and the second is non-unionized. Both the companies have employees. In a unionized company, the employees usually do not receive any kind of special or individual treatment from the employers. Whereas in a non-unionized company, the employees have the right to negotiate on their behalf of themselves and simultaneously an employer also has the right to treat the employees differently.
When a company is having a working culture of unionized pattern, the employees also belongs to the trade unions. There is a particular pattern of raising the pay that after the end of three years of duty, there will be a rise of almost 12%.
Thus, Option B is correct.
Learn more about unionization from here:
https://brainly.com/question/11651506
#SPJ2
You received a great money-saving credit card offer in the mail, complete with a rewards program. After you read on further, however, you find that the one dollar spent for every mile earned may not be such a great offer after all, since getting a $500 airline ticket only happens after you first acquire 25,000 miles (spending $25,000 to do so). This is a ________ schedule. fixed-ratio variable-interval variable-ratio fixed-interval
Answers
Answer: variable-ratio
Explanation:
Based on the information given, since getting a $500 airline ticket only happens after one acquire 25,000 miles (spending $25,000 to do so), this is Variable ratio schedule.
Variable-ratio schedule is regarded as a form of reinforcement which occurs when there is a reinforcement of a response when there are different responses that are unpredictable and this lead to a high number of responses. An example is lottery and gambling.
Cooperatives save members money by
O purchasing supplies and services as a group.
securing financing from banks as a group.
O charging more to sell their products as a group.
O sharing all profits democratically as a group.
Answers
Answer: A
Explanation: by purchasing supplies and services as a group
Cooperatives save members money by purchasing supplies and services as a group securing financing from banks as a group.
What are cooperatives?Cooperatives are a type of financial institution that is owned and run by members of the cooperative. Each member in the cooperative have equal rights and privileges.
Members in a cooperative save their money and this money is lent out to members at a low level of interest rate.
To learn more about cooperatives, please check: https://brainly.com/question/9902152
Melissa is very good at her Revenue job. Which skills does Melissa most likely have?
performing specialized work to support an embassy
analyzing information from discussions or applications
public speaking and debating
reviewing and analyzing tax forms!
Answers
Answer:
reviewing and analyzing tax forms!
Explanation:
Revenue is the total value of goods and services sold by a business in a financial period. However, the revenue department or a revenue officer refers to civil servants who collect taxes and other revenues on behalf of the government.
Melisa could probably be working in a government agency tasked with collecting revenue, such as the US's IRS. If she is very good at her job, it means she is an expert in reviewing and analyzing tax forms.
Answer:
reviewing and analyzing tax forms
Explanation:
I copied the other dude
Use a calculator to see what would happen if you used a credit card to pay the minimum monthly payment. Calculate using the following information: Cost of computer (balance): $600 Annual percentage rate (APR): 12. 9% Total duration of payments: 2 years Use the simple interest formula: A = (P)(r)(t) If you make only the minimum payment each month, what will the total cost of the computer be? $600 $629 $755 $830.
Answers
Based on the information given the total cost of the computer be $755.
Using simple interest formula
A = (P)(r)(t)
Where:
A=Amount=?
P=Principal=$600
r=rate=12.9% or 0.129
t=time=2 years
Let plug in the formula
A=$600×0.129×2
A=$754.8
A=$755 (Approximately)
Inconclusion the total cost of the computer be $755.
Learn more simple interest here:https://brainly.com/question/17929956
Answer:
$755
Explanation:
Sheron Inc. is headquartered in State X and owns 100 percent of Carol, Josey and Janice Corps, which form a single unitary group. Assume sales operations are within the solicitation bounds of Public Law 86-272. Each of the corporations has operations in the following states:
Domicile State Sharon Inc. State X (throwback) Carol Corp State Y (throwback) Josey Corp State Z (nonthrowback) Janice Corp State Z (nonthrowback)
Dividend income $1280 $575 $405 $605
Business income 50,300 31,500 11,700 16,300
Sales: State X 79,700 16,000 17,800 11,500
State Y 50,000 8,300 State Z 21,300 32,500 14,000
State A 32,200 State B 14,100 17,500
Property: State X 59,250 26,100 19,500
State Y 86,750 State Z 45,750 40,500
State A 69,000 Payroll: State X 13,300 15,400 State Y 43,750 State Z 5,000 12,300
State A 14,100
Compute the following for State X assuming a tax rate of 15 percent. (Use an equally weighted three-factor apportionment. Do not round intermediate calculations. Round apportionment factors to 4 decimal places. Round other answers to the nearest whole dollar amount.)
a. Calculate the State X apportionment factor for Sharon Inc., Carol Corp., Josey Corp., and Janice Corp.
b. Calculate the business income apportioned to State X.
c. Calculate the taxable income for State X for each company.
d. Determine the tax liability for State X for the entire group.
Answers
The State X apportionment factors for Sharon Inc., Carol Corp., Josey Corp., and Janice Corp. are 0.5018, 0.2916, 0.1871, and 0.4026 respectively. Therefore, the business income apportioned to State X for each company is $25,235 for Sharon Inc., $9,191 for Carol Corp., $2,190 for Josey Corp., and $6,562 for Janice Corp.
a. To calculate the State X apportionment factor for each company, we need to determine the sales, property, and payroll factors. The formula for the apportionment factor is the sum of the sales factor, property factor, and payroll factor divided by 3. Using the provided data, we can calculate the apportionment factors for each company.
Sharon Inc.:
Sales factor: (79,700 + 50,000 + 21,300) / (79,700 + 50,000 + 21,300 + 16,000 + 17,800 + 11,500) = 0.4943
Property factor: (59,250) / (59,250 + 26,100 + 19,500) = 0.5478
Payroll factor: (13,300) / (13,300 + 15,400) = 0.4632
Apportionment factor: (0.4943 + 0.5478 + 0.4632) / 3 = 0.5018
Carol Corp.:
Sales factor: (16,000 + 8,300) / (79,700 + 50,000 + 21,300 + 16,000 + 17,800 + 11,500) = 0.0508
Property factor: (26,100) / (59,250 + 26,100 + 19,500) = 0.2873
Payroll factor: (15,400) / (13,300 + 15,400) = 0.5368
Apportionment factor: (0.0508 + 0.2873 + 0.5368) / 3 = 0.2916
Josey Corp.:
Sales factor: (17,800) / (79,700 + 50,000 + 21,300 + 16,000 + 17,800 + 11,500) = 0.0556
Property factor: (19,500) / (59,250 + 26,100 + 19,500) = 0.2159
Payroll factor: (5,000) / (5,000 + 12,300) = 0.2899
Apportionment factor: (0.0556 + 0.2159 + 0.2899) / 3 = 0.1871
Janice Corp.:
Sales factor: (11,500 + 14,000) / (79,700 + 50,000 + 21,300 + 16,000 + 17,800 + 11,500) = 0.0514
Property factor: (40,500) / (59,250 + 26,100 + 19,500) = 0.4462
Payroll factor: (12,300) / (5,000 + 12,300) = 0.7101
Apportionment factor: (0.0514 + 0.4462 + 0.7101) / 3 = 0.4026
b. To calculate the business income apportioned to State X for each company, we multiply the apportionment factor by the business income of each company.
Sharon Inc.: $50,300 * 0.5018 = $25,235
Carol Corp.: $31,500 * 0.2916 = $9,191
Josey Corp.: $11,700 * 0.1871 = $2,190
Janice Corp.: $16,300 * 0.4026 = $6
Know more about Company here:
https://brainly.com/question/30532251
#SPJ11
J& Co has decided to donate money to a cancer research fund every year for the next 15 years. They will make annual payments of $1.5 million at the end of each year. What is the present value of their donation if the interest rate is 3% ? O $27.9 million O None of the given choices O $17.91 million O $18.87 million
Answers
The present value of their donation is approximately $18.87 million. The correct answer is option d.
To calculate the present value of J&Co's donation, we can use the formula for the present value of an annuity. The formula is: PV = PMT × \([(1 - (1 + r)^-n) / r]\), where PV is the present value, PMT is the annual payment, r is the interest rate, and n is the number of periods.
Using the given information, PMT = $1.5 million, r = 3%, and n = 15 years, we can substitute these values into the formula. Plugging in the values, we get: PV = $1.5 million ×\([(1 - (1 + 0.03)^-15) / 0.03].\)
Evaluating this expression, we find that the present value of their donation is approximately $18.87 million.
Therefore, the correct answer is option d.
To know more about present value refer to-
https://brainly.com/question/28304447
#SPJ11
Complete question
J& Co has decided to donate money to a cancer research fund every year for the next 15 years. They will make annual payments of $1.5 million at the end of each year. What is the present value of their donation if the interest rate is 3% ?
a. $27.9 million
b. None of the given choices
c. $17.91 million
d. $18.87 million