A generous benefactor to a local ballet plans to make a one-time endowment that would provide the ballet with $150,000 per year into perpetuity. The rate of interest is expected to be 5 percent for all future time periods

How large must the endowment be?
A) $ 300,000
B) $3,000,000
C) $ 750,000
D) $1,428,571


B

Business

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To which part of a speech should speakers allot most of their time?

A. Introduction B. Conclusion C. Body D. Summary

Business

Rients Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for October. Fixed Element per MonthVariable Element per Customer ServedActual Total for OctoberRevenue   $4,100$182,900Employee salaries and wages$42,300 $1,300$98,800Travel expenses   $700$30,500Other expenses$31,500   $31,900?When the company prepared its planning budget at the beginning of October, it assumed that 39 customers would have been served. However, 44 customers were actually served during October.?The spending variance for total expenses for October would have been closest to:

A. $600 F B. $600 U C. $9,400 U D. $9,400 F

Business

The authority for the formation of LLCs comes from:

A) Federal statutes. B) State statutes. C) Federal administrative regulations. D) Federal court decisions. E) State court decisions.

Business

Administrative hearings are held before a jury, just as are court hearings

a. True b. False Indicate whether the statement is true or false

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