Your employer has promised to give you a $5,000 bonus after you have been...
Your employer has promised to give you a $5,000 bonus after you have been working for him for 5 years. What is the present value of this bonus if the proper discount rate is 8%?AnswerPresent value =...
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The U.S. government fixed the price of gold at $35 an oz in 1934. In 2005,...
The U.S. government fixed the price of gold at $35 an oz in 1934. In 2005, the price of the yellow metal was $480 an oz. Calculate the price appreciation of gold as percent per year, compounded...
View ArticleYou decide to put $10,000 in a money market fund that pays interest at the...
You decide to put $10,000 in a money market fund that pays interest at the annual rate of 7.2%, compounding it monthly. You plan to take the money out after one year and pay the income tax on the...
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Suppose you have decided to put $200 at the beginning of every month in a...
Suppose you have decided to put $200 at the beginning of every month in a savings account that credits interest at the annual rate of 6%, but compounds it monthly. Find the amount in this account...
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Cincinnati Company has decided to put $30,000 per quarter in a pension fund....
Cincinnati Company has decided to put $30,000 per quarter in a pension fund. The fund will earn interest at the rate of 6% per year, compounded quarterly. Find the amount available in this fund after...
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You have decided to put $130 in a savings account at the end of each month....
You have decided to put $130 in a savings account at the end of each month. The savings account credits interest monthly, at the annual rate of 6%. How much money is in your account after 6...
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You have started a job with an annual salary of $48,000. You will get the...
You have started a job with an annual salary of $48,000. You will get the paycheck at the end of each month, and your deductions for taxes will be 34%. Using a discount rate of 0.8% per month, find...
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Suppose you want to accumulate $10,000 for a down payment for a house. You...
Suppose you want to accumulate $10,000 for a down payment for a house. You will deposit $400 at the beginning of every month in an account that credits interest monthly at the rate of 0.6% per month....
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Suppose you want to accumulate $25,000 as down payment on a house and the...
Suppose you want to accumulate $25,000 as down payment on a house and the best you can do is to put aside $200 a month. If you deposit this amount at the beginning of each month in an account that...
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Suppose you are a property owner and you are collecting rent for an...
Suppose you are a property owner and you are collecting rent for an apartment. The tenant has signed a one-year lease with $600 a month rent, payable in advance. Find the present value of the lease...
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Bennington Company has borrowed a certain amount from the bank that it will...
Bennington Company has borrowed a certain amount from the bank that it will repay in 24 monthly installments. The bank charges 6% interest annually on this loan and the monthly payment is $6000. Find...
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Durban Corporation is interested in acquiring a machine that it can buy for...
Durban Corporation is interested in acquiring a machine that it can buy for $140,000 in cash. Alternatively, Durban can make five equal payments of $40,000 each, the first one due after one year, to...
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Fisher Chemicals processes a liquid into three outputs: Sigma, Tau, and...
Fisher Chemicals processes a liquid into three outputs: Sigma, Tau, and Upsilon. Sigma accounts for 59 percent of the net realizable value at the split-off point, Tau accounts for 32 percent, and...
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Blasto, Inc., operates several mines. At one, a typical batch of ore run...
Blasto, Inc., operates several mines. At one, a typical batch of ore run through the plant yields three products: lead, copper, and manganese. At the split-off point, the intermediate products cannot...
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Great Eastern Credit Union (GECU) has two operating departments (Branches and...
Great Eastern Credit Union (GECU) has two operating departments (Branches and Electronic) and three service departments (Processing, Administration, and Maintenance). During July, the following costs...
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BluStar Company has two service departments, Administration and Accounting,...
BluStar Company has two service departments, Administration and Accounting, and two operating departments, Domestic and International. Administration costs are allocated on the basis of employees, and...
View ArticleWhat kind of human resource (HR) model allows for certain administrative...
What kind of human resource (HR) model allows for certain administrative tasks to be performed by third partyOutsourced benefits administrationHR service sharing Insourced benefits administrationHR...
View ArticleWhich of the following activities would be a responsibility of the human...
Which of the following activities would be a responsibility of the human resources business function?Accounting for benefit withholdingsFinancing of inputsPerformance evaluationProcessing payroll The...
View ArticleWhat is at the heart of a company’s payroll business process?
What is at the heart of a company’s payroll business process?Accounting systemPayroll accountingHuman resourcesEmployees and their time worked The correct answer is "Employees and their time worked."...
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