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musickatia
2 months ago
10

A foundation was endowed with $15,000,000 in July 2010. In July 2014, $5,000,000 was expended for facilities, and it was decided

to provide $250,000 at the end of each year forever to cover operating expenses. The first operating expense is in July 2015, and the first replacement expense in July 2014. If all money earns interest at 5% after the time of endowment, what amount would be available for the capital replacements at the end of every fifth year forever
Business
1 answer:
marusya05 [3.7K]2 months ago
8 0

Answer:

$2,274,639.75

Explanation:

The endowment as of July 2010 was $15,000,000

Endowment value by July 2014 = $15,000,000 (1+0.05)^4 - Facility expenditures

= $15,000,000 (1.2155) - $5,000,000

= $18,232,500 - $5,000,000

= $13,232,500

Funds reserved for operational expenses = $250,000/0.05 = $5,000,000

Available funds for capital replacement = $13,232,500 - $5,000,000 = $8,232,500

Effective interest rate over 5 years = (1+0.05)^5 - 1 = 0.2763

Annual capital replacement funds every fifth year indefinitely = $8,232,500 (0.2763) = $2,274,639.75

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Answer:

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Lastly, stress can impede your ability to see clearly. Emotions play a significant role in daily life, and it's essential to calm down before making driving decisions during such heated instances.

Explanation:

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3 months ago
In the current year, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the company completely
marusya05 [3725]
Rhanda Merchandising Inc. Income Statement Total revenue $2,980,000 -Cost of goods sold ($1,520,828) Gross profit $1,459,172 -Depreciation expense ($250,000) Operating profit $1,209,172 Gain on condemnation of company property $266,000 -Loss of assets from meteor strike ($656,000) Income from continuing operations before taxes $819,172 -Income taxes ($207,000) Income from continuing operations after taxes $612,172 Gain from discontinued operations $755,000 -Loss from discontinued operations ($475,000) Net income $892,172
5 0
1 month ago
A manager can faithfully execute the decision making process but still end up with nothing of value if _________________________
stepan [3596]

A) he is unable to identify the proper problem

B) he neglects to assign numerical values to various criteria

C) he resolves the issue ineffectively

D) he does not correctly identify the procedure steps

Response:

A. He fails to identify the proper problem.

Clarification:

In option B, assigning numerical values to decision criteria could assist in the decision-making process, yet it's not essential for achieving a successful outcome.

Regarding option C, solving a problem ineffectively is not optimal, but it does hold some value.

As for option D, recognizing the procedure's steps doesn't significantly impact the success of the process.

This directs us to option A as the correct response; addressing a problem is futile if it's the incorrect one. Resolving an erroneous problem yields no benefit for the organization.

8 0
1 month ago
Toni makes apple pies for the local bakery. When Toni works with an assistant, she produces 60% more apple pies and works 20% fe
stepan [3596]

Respuesta:

La respuesta es 200%.

Explicación:

Supongamos que Toni produce x tartas de manzana en y horas.

Esto significa que el ritmo de producción es \frac{x}{y} tartas por hora.

Trabajando con un asistente:

Toni incrementa su producción en un 60%, es decir, ahora hace x + 0.6x = 1.6x tartas.

Además, reduce su tiempo trabajando en un 20%, entonces trabaja y - 0.2y = 0.8y horas.

Por lo tanto, la tasa de producción con ayuda es 1.6x / 0.8y = \frac{\frac{1.6x}{0.8y} }{\frac{x}{y} } X 100.

Al simplificar, obtenemos un aumento del 200% en la producción por hora.

6 0
3 months ago
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