Determine the rate of return earned on the fund

Assignment Help Accounting Basics

Reference no: EM13256722

An alumnus of a small university donated $150,000 to establish a permanent endowment for scholarships. The first scholarships were awarded 5 years after the money was donated. If the amount awarded each year is $15,000, determine the rate of return earned on the fund.

Reference no: EM13256722

Questions Cloud

Disadvantages of using a cause and effect diagram : What are the advantages and disadvantages of using a Cause and Effect Diagram and Pareto Analysis in terms of analyzing quality issues?

Compare and contrast the uses of break-even analysis : Compare and contrast the uses of break-even analysis and sensitivity analysis in evaluating project risk.

Detrmine the phase angles of the two frequency components : The output/ input of a system is 30dB. detrmine the ratio Express x(t)=4*cos(100*t-45)+ 2*cos(250*t+30) in terms of exponential functions Then Detrmine the phase angles(in degrees) of the two frequency components of x(t).

Explain novel fuel mixtures for potential use in automobiles : You are testing some novel fuel mixtures for potential use in automobiles. Your testing apparatus is a 2.54-cm inner diameter cylinder fitted with a piston, designed to mimic a cylinder found in a car engine.

Determine the rate of return earned on the fund : If the amount awarded each year is $15,000, determine the rate of return earned on the fund.

Why must opportunity costs must be included in cash flows : Why must opportunity costs must be included in cash flows, while sunk costs and interest expense must not?

Complete the balance sheet by using financial data : Following is the 2006 balance sheet for Sumi Industries. Complete the balance sheet by using the information that follows it.

What is the best way to select a project : What is the best way to select a project that has resource restrictions? Explain.

Corporate form of ownership : You are planning to start a small business that youwant to run as a sole proprietor. A friend of yours, who has beenan employee of an IT consulting corporation for 3 years, suggests that the corporate form of ownership is more efficient from accou..

User Account

All Pages