Firms manufacturing division can contribute

Assignment Help Business Economics
Reference no: EM131006397

Merritt Manufacturing needs to accumulate $15 million to retire a bond issue that matures in 12 years. The firm's manufacturing division can contribute 100,000$ per quarter to an account that will pay 2% quarterly. How much will the remaining divisions have to contribute every month to a second account that pays .5% per month in order to reach the 15$ million goal?

a) 47,615.82

b) 70,646.50

c) 33,627.73

d) 84,029.15

Show work please

Reference no: EM131006397

Questions Cloud

Phases of systems development : Discuss what additional information should be collected during requirements analysis that is needed for file and database design and that is not especially useful for earlier phases of systems development.
Calculate the reduction in the consumers surplus : Using the diagram, suppose that producers need to have licenses to sell apples, and that only 90 units of apples are licensed (i.e. Q is limited to 90). Calculate: the reduction in the consumers’ surplus. the reduction in the producers’ surplus
Why you are pursing your particular vocational nursing goal : Write a 2 page essay on why are you are pursing your particular vocational nursing goal and how this Rotary Club of austin-oak-hill can help you in acheiving your goal
Part of the systems development team : Assume you are part of the systems development team at a medium-sized organization. You have just completed the database design por- tion of the systems design phase, and the project sponsor would like a status update.
Firms manufacturing division can contribute : Merritt Manufacturing needs to accumulate $15 million to retire a bond issue that matures in 12 years. The firm's manufacturing division can contribute 100,000$ per quarter to an account that will pay 2% quarterly. How much will the remaining divisio..
Prepare the journal entry to record interest on february : Prepare the journal entry to record the issuance of the bonds by Stratford Lighting on March 1, 2011.
Home-made investment strategy : Your uncle Bob has been following a home-made investment strategy. Over a period of five years, he made ten semiannual purchases of stock for $1,000 each. At the end of the five years, he sold all the stock for a total of $12,000. What effective annu..
Discuss the principles of data integrity : Discuss the principles of data integrity, professional ethics, and legal requirements related to data security, regulatory requirements, confidentiality, and client's right to privacy
Ability to enforce referential integrity : Many database management systems offer the ability to enforce referential integrity. Why would using such a feature be a good idea? Are there any situations in which refer- ential integrity might not be important?

Reviews

Write a Review

Business Economics Questions & Answers

  Use a form of implicit cooperation called price leadership

Some oligopolies use a form of implicit cooperation called price leadership, which is legal in the US. Why do you think these firms try to engage in this practice? And why does price leadership often fail?

  Explain why the total profit is still likely to lower

Explain why the total profit (from all sales) is still likely to lower with this pricing scheme than with perfect price descrimination despite fixed fee equal to the entire consumer surplus of a typical customer.

  Formulate intercept-slope equation of kaths budget line

Kath has $80 (income M) to spend on pizza (good 1x) and coke (good 2x). The price of a slice of pizza is $4 and the price of a can of coke is $1. If Kath buys only pizza, how many can she buy? Formulate the intercept-slope equation of Kath’s budget l..

  Explain was demand for its hamburgers elastic or inelastic

Explain was the demand for its hamburgers elastic or inelastic. Evaluate the accuracy statement.

  Qpresume a worker with an annual discount rate of 10 which

q.presume a worker with an annual discount rate of 10 which is currently resides in pennsylvania and is deciding

  Assumed that the costs of acquiring an education

In the typical signaling model, it is assumed that the costs of acquiring an education are higher for low-ability than for high-ability workers. Suppose that the government steps in and subsidizes low-ability workers for the higher costs they incur i..

  Find the inverse market demand curve

Consider the following duopoly game: each of 2 firms can produce as much of a good as he wishes at marginal cost 1 (i.e., producing q units costs 1q = q in total), and the market demand curve is given by Q(p) = 10p - p. Find the inverse market demand..

  Price elasticity of demand at equilibrium price and quantity

Consider the fictitious good Derp. The demand for Derp is Q=1200-2P. Suppose the supply of Derp is given by Q=-600 +2P. What is the equilibrium quantity of Derp? What is the price elasticity of demand at the equilibrium price and quantity?

  Explain the unemployment rate and inflation rate

Explain the unemployment rate and inflation rate for your local area and compare it to the national average. Analyze how a discouraged worker will not be represented with the unemployment rate.

  Expenditure for a new replacement of the existing pavement

A section of roadway pavement costs $22,000 a year to maintain. What immediate expenditure for a new replacement of the existing pavement is justified if no maintenance will be required for the first 5 years, $7,500 per year for the next 10 years and..

  What happens to the money supply

What happens to the money supply if the Federal Reserve Bank increases interest rates at their next meeting in September? Make sure to include the appropriate equation. Make sure to include a money graph.

  Monetary and fiscal policy in an effort to stabilize economy

Should the government use monetary and fiscal policy in an effort to stabilize the economy? The following questions address the issue of how monetary and fiscal policies affect the economy, and the pros and cons of using these tools to combat economi..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd