Clara is setting up a retirement fund, and she plans on depositing $5,000 per year in an investment that will pay 7% annual interest. How long will it take her to reach her retirement goal of $69,082? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
A) 13.816 years
B) 0.072 years
C) 10 years
D) 20 years
E) 5 years
C) 10 years
Explanation: Future Value of an Annuity = Annuity * Interest Factor
$69,082 = $5,000 * Interest Factor; Interest Factor = 13.8164
13.8164 is the interest factor on the Future Value of an Annuity table; i = 7%; n = 10
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Edgar gives a formal presentation to his team members about the new software that he has recently reviewed and favors. However, some members of the team disagree with Edgar. Edgar, irritated at being challenged, feels that the team members are making excuses for being lazy. In the context of this scenario, Edgar's judgment has been influenced by
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Refer to the figure. What is the constraint associated with node 6?
A) X64 + X65 - X46 - X56 = +1 B) X64 + X65 - X46 - X56 = 0 C) X46 + X56 - X64 - X65 = +1 D) -X64 - X65 = -1 E) -X46 + X56 = 0
Peacoat Corporation acquired 80 percent of Sweater Corporation's common stock on March 31, 20X4 for $360,000. At that date, the fair value of the noncontrolling interest was $90,000. On January 1, 20X4, Sweater reported the following stockholders' equity balances: Common Stock ($10 par value)$150,000 Additional Paid-In Capital 75,000 Retained Earnings 200,000 Total Stockholders' Equity$425,000 Sweater reported net income of $100,000 in 20X4, earned uniformly throughout the year, and declared and paid dividends of $40,000 on December 31, 20X4. Peacoat reported retained earnings of $500,000 on January 1, 20X8, and had 20X4 income of $200,000 from its separate operations. Peacoat paid dividends of $50,000 on December 31, 20X4. Peacoat accounts for its investment in Sweater Corporation
using the fully adjusted equity method.Based on the information provided, what is the consolidated net income reported for the year 20X4? A. $275,000 B. $200,000 C. $260,000 D. $280,000