Presume the church were (still) selling favors. It promises the heavenly equivalent of $483 every month...
Presume the church were (still) selling favors. It promises the heavenly equivalent of $483 every month forever and beginning this month (immediately). If the prevailing annual interest rate were 6.8%, what would you be willing to donate to the church in exchange?
Homework Answers
The monthly payments of $483 at the beginning of each coming month will form a perpetuity due.The amount that can be donated in exchange shall be the present value of this perpetuity.
Present value of perpetuity due = Payment + (Payment/Rate of interest)
Present value of perpetuity due = $483 + ($483/0.068)
Present value of perpetuity due = $7,585.94
Hence, amount willing to be donated in exchange = $7,585.94
Add Answer to:
Presume the church were (still) selling favors. It promises the
heavenly equivalent of $483 every month...
80 The price of the consol is $ b. You are concerned that the interest rate may rise to 6 percent. Compute t...
80 The price of the consol is $ b. You are concerned that the interest rate may rise to 6 percent. Compute the percentage change in the price of the consol and the percentage change in the interest rate. Compare them. Instructions: Enter your response for dollar amounts rounded to the nearest penny (two decimal places ) and answers for percentages rounded to the nearest tenth (one decimal place). The new price of the consol would be $ 66.67 20...
Purchases are paid for as follows: 50% in the month of purchase and the remaining 50%...
Purchases are paid for as follows: 50% in the month of purchase
and the remaining 50% in the following month. All sales are on
credit. 20% of a month's sales are collected in the month of sale.
An additional 70% is collected in the following month, and the
remaining 10% is collected in the second month following sale. Bad
debts have been negligible
You have just been hired to work for a company that sells whimsical coffee mugs, Spot's Spot,...
In the summer of 2017, Reigh Webster and her friend Ella Hill were relaxing in a...
In the summer of 2017, Reigh Webster and her friend Ella Hill were relaxing in a local watering hole complaining about their boring monotonous jobs. Reigh told Ella that she has been saving her money and is looking for a lucrative opportunity to invest in and get out of the day-to-day grind at the office. Ella indicated she had been doing the same. An executive walked up to the table and indicated he had overheard Reigh and Ella’s conversation and...
After having taken an MBA a friend of yours is planning to open a cafeteria in...
After having taken an MBA a friend of yours is planning to open a cafeteria in a well-known Pyrenees ski resort. In order to prepare the forecasted financial expenses for a potential investor he has asked you some help in order to double check the financial statements of the business. The cafeteria would only be opened for 6 months (180 days), starting the 1st of November and until the 30th of April, so you must consider all the financial statements...
Case assignments must be completed with a written 2-page study on the assigned case questions in...
Case assignments must be completed with a written 2-page study on the assigned case questions in the textbook. The format requested for these assignments is based on elaborating and including two basic parts in the essay: 1) in a bullet presentation style (one phrase each bullet), list a summary of the key issues, situations, problems, opportunities and threats you may identify as relevant; 2) answer all the questions listed in each case in two or three sound paragraphs. Use the...
This year Evan graduated from college and took a job as a deliveryman in the city....
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $68,500 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses below: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman program $1,200 2,840 1,440 1,320 Calculate Evan's AGI and taxable income...
Make journal entries for the following and assume transactions up to November 30 have been correctly...
Make journal entries for the following and assume transactions up to November 30 have been correctly recorded!!! On February 3, 2017, FCM signed an agreement with Deion Sanders to provide media consulting for his football camp. On December 1, FCM completed some of the work for Sanders, and issued an invoice for $15,000. Full payment was received on January 15, 2018. Note: the project did not involve video production. On December 1, to prepare for expansion, FCM issued 1,000 shares...
1. When it comes to financial matters, the views of Aristotle can be stated as:...
1. When it comes to financial matters, the views of Aristotle can be stated as: a. usury is nature’s way of helping each other. b. the fact that money is barren makes it the ideal medium of exchange. c. charging interest is immoral because money is not productive. d. when you lend money, it grows more money. e. interest is too high if it can’t be paid back. 2. Since 2008, when the monetary base was about $800 billion,...
Read “Instituionalizing our Demise: America vs Multiculturalism” by Roger Kimball on pg 268 and “Reinventing America”...
Read “Instituionalizing our Demise: America vs Multiculturalism” by
Roger Kimball on pg 268 and “Reinventing America” Call for a new
national indentity” by Elizabeth Martinez on pg 275. Create a
double entry notebook for each reading selection It should be
atleast five observation and responses.
wric 268 PART 2 essay pro. exactly how and why their authors disagree. Instead of with parties in conflict as mediators do, you will nt of view designed to appeal to both sides, mediatn posing...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...
80 The price of the consol is $ b. You are concerned that the interest rate may rise to 6 percent. Compute the percentage change in the price of the consol and the percentage change in the interest rate. Compare them. Instructions: Enter your response for dollar amounts rounded to the nearest penny (two decimal places ) and answers for percentages rounded to the nearest tenth (one decimal place). The new price of the consol would be $ 66.67 20...
Purchases are paid for as follows: 50% in the month of purchase
and the remaining 50% in the following month. All sales are on
credit. 20% of a month's sales are collected in the month of sale.
An additional 70% is collected in the following month, and the
remaining 10% is collected in the second month following sale. Bad
debts have been negligible
You have just been hired to work for a company that sells whimsical coffee mugs, Spot's Spot,...
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $68,500 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses below: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman program $1,200 2,840 1,440 1,320 Calculate Evan's AGI and taxable income...
Read “Instituionalizing our Demise: America vs Multiculturalism” by
Roger Kimball on pg 268 and “Reinventing America” Call for a new
national indentity” by Elizabeth Martinez on pg 275. Create a
double entry notebook for each reading selection It should be
atleast five observation and responses.
wric 268 PART 2 essay pro. exactly how and why their authors disagree. Instead of with parties in conflict as mediators do, you will nt of view designed to appeal to both sides, mediatn posing...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...
Most questions answered within 3 hours.
-
Mr. and Mrs. Brown report taxable income of $130,000 in 2018. In
addition, they report the...
asked 48 minutes ago -
You capture data by having 8 people fill in 30 small dots on a
piece of...
asked 4 hours ago -
What are the z-values such that 70% of the area lies in the
middle of the...
asked 6 hours ago -
You borrow $29,500 to purchase a brand new car. The interest
rate is 6%, and the...
asked 6 hours ago -
The amount of time it takes an asteroid, whose average distance
from the Sun is 4.70...
asked 6 hours ago -
A 0.289 kg mass slides on a frictionless floor with a speed of
1.34 m/s. The...
asked 6 hours ago -
15.A box contains five red balls, three green balls, and two
yellow balls. Suppose you select...
asked 9 hours ago -
Assume you are given the following for Stackelberg industries:
Return on Assets (ROA) = 8%
Debt...
asked 7 hours ago -
an engineer proposes to use mmWave in 5G network to
increase data rate.
What are the...
asked 7 hours ago -
Explain the idea behind using SEMIJOIN in distributed
query processing.
asked 7 hours ago -
why
is context important in selecting and applying guidelines and
principles for interface design?
illustrate your...
asked 7 hours ago -
In a certain board game, a player rolls two fair six-sided dice
until the player rolls...
asked 9 hours ago