How much would $1, growing at 3.5% per year, be worth after 75 years?
A. $12.54
B. $13.20
C. $13.86
D. $14.55
E. $15.28
Answer: B
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Aspin Skis has 5,000 shares of $100 par value 10% preferred stock issued and outstanding. This stock is non-cumulative. The Board of Directors of Tahoe snowboards did not declare dividends on the preferred stock in 2009 and 2010 . In 2011, how much must be paid to the preferred shareholders before the common shareholders can be paid a dividend?
a. $50,000 b. $100,000 c. $0 d. $150,000
San Juan Minerals (SJM) has two service departments and two operating departments. Operating data for these departments for last year are as follows: Service DepartmentsOperating Departments MaintenanceCafeteriaMiningProcessingDepartmental costs$48,000$45,000$70,000$130,000Machine hours 2,000 1,000 11,000 9,000Number of employees 40 30 400 360 Costs of the Maintenance Department are allocated on the basis of machine hours. Cafeteria costs are allocated on the basis of number of employees. SJM does not distinguish between variable and fixed overhead costs. Assume that SJM uses the step-down method to allocate service department costs, starting with Maintenance. The total overhead allocated from Cafeteria to Processing would be closest to:
A. $23,643 B. $21,279 C. $22,398 D. $21,316
Which of the following terms refers to automated web programs that gather information from sites that ultimately form the search engine’s entries?
a. Algorithms. b. Web crawlers. c. SEOs. d. SEMs. e. None of these.
Evan and Barbara incurred qualified adoption expenses in 2017 of $6,000, and then incurred $9,000 more in 2018 when the adoption of their child became final. Their 2017 AGI was $110,000 and their 2018 AGI was $100,000. The allowable adoption credit is __________.
A) $13,810 in 2018. B) $15,000 in 2018. C) $6,000 in 2017 and $7,810 in 2018. D) $6,000 in 2017 and $9,000 in 2018.