# Miguel works for an organization that collects books from donors and redistributes the books to schools to promote literacy and good reading habits. The company is funded by a government grant. Miguel works for a(n) ________.

## Related Questions

with financial calculator You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made in 6 months. You will then make no more deposits. If the bank pays 4% nominal interest, compounded semiannually, how much will be in your account after 3 years? Round your answer to the nearest cent. ### Answers Answer: FV=$6,308.12

Explanation:

Giving the following information:

Semiannual deposit= $1,000 Number of periods= 6 Interest rate= 4%= 0.04= 0.04/2= 0.02 To calculate the future value, we need to use the following formula: FV= {A*[(1+i)^n-1]}/i A= semiannual deposit FV= {1,000*[(1.02^6) - 1]} / 0.02 FV=$6,308.12

In a financial calculator:

Function: CMPD

Set: End

n= 6

i= 2

PV= 0

PMT= 1,000

FV= solve= 6,308.120963

Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the machine-hours for the upcoming year at 35,900 machine-hours. The estimated variable manufacturing overhead was $4.80 per machine-hour and the estimated total fixed manufacturing overhead was$945,606. The predetermined overhead rate for the recently completed year was closest to:

Predetermined manufacturing overhead rate= $31.14 per machine-hour Explanation: Giving the following information: Estimated machine-hour= 35,900 machine-hours Estimated variable overhead=$4.80 per machine-hour

Total fixed manufacturing overhead was $945,606. To calculate the predetermined manufacturing overhead rate we need to use the following formula: Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base Predetermined manufacturing overhead rate= (945,606/35,900) + 4.8 Predetermined manufacturing overhead rate=$31.14 per machine-hour

Why is that 0.8 in fractional form is 8/10​

Decimal placement

Explanation:

It is 8/10 because, in the decimal 0.8 , the 8 is in the tenths place. If it was 0.08 the fraction would be 8/100 and so on and so forth.

Feb 26- received $300 from a customer as a down payment on work to be undertaken on repairs to a cell. Is that unearned revenue. ### Answers If that work is done than it's revenue or if the work is going to happen in future then it's unearned revenue. You are evaluating two different silicon wafer milling machines. The Techron I costs$234,000, has a three-year life, and has pretax operating costs of $61,000 per year. The Techron II costs$410,000, has a five-year life, and has pretax operating costs of $34,000 per year. For both milling machines, use straight-line depreciation to zero over the projectâs life and assume a salvage value of$38,000. If your tax rate is 35 percent and your discount rate is 10 percent. Required:
Compute the EAC for both machines.

T-1:

Table-1 vide annex

Applying EAC formula

c = \frac{r(NPV)}{(1-(1+r)^{-n} )}

c: equivalent annuity cash flow

NPV: Net present value

r: rate per period

n: number of periods

we have

c = $- 98 982,63 T-2 Table-2 vide annex Applying EAC formula c = \frac{r(NPV)}{(1-(1+r)^{-n} )} c: equivalent annuity cash flow NPV: Net present value r: rate per period n: number of periods we have c = -$ 97 511.17

CD is an all equity firm that has 10,000 shares of stock outstanding at a market price of $20 a share. The firm's management has decided to issue$50,000 worth of debt and use the funds to repurchase shares of the outstanding stock. The interest rate on the debt will be 5 percent.a. What are the earnings per share at the break-even level of earnings before interest and taxes? Ignore taxes.

EPS = \$ 2.00

Explanation:

Earning per share:  EBIT/outstanding shares

unlevered firm EPS:

oustanding shares: 10,000

Levered firm EPS:

(EBIT - interest)/outstanding shares

where:

Interest_ 50,000 x 5% = 5,000

Shares repurchase: 50,000 / 20 = 2,500

Outstanding shares: 10,000 - 2,500 = 7,500

EBIT/10,000 = (EBIT-5,000)/7,500

(0.75)EBIT = EBIT - 5,000

5,000 / (1-0.75) = EBIT

EBIT = 20,000

EPS: 20,000 / 10,000 = 2.00