How much money should your company set aside

Assignment Help Financial Accounting
Reference no: EM132907187

Problem - The workers compensation board has determined that an injury in the workplace was your company's responsibility. As a result , your company has been ordered to pay the employee $3000 at the end of every moth for the  next four years. Your human resource manager wants to set up an annuity to fund this obligation. If the proposed annuity can earn 5.7% compounded monthly for the first two-and-a-half-years and then 6% compounded quarterly for the remaining one-and-a-half-years, how much money should your company set aside today to meet its responsibilities?

Reference no: EM132907187

Questions Cloud

Expected demand for avalon bakery rye bread : Past demand data for Avalon Bakery's famous rye bread has shown that the probabilities for daily demands of 25, 50, and 75 loaves are 35%, 25% and 40% respectiv
Prepare journal entries to record all of the transactions : Prepare journal entries to record all of the above transactions from January 1, 2020 to March 1, 2021, including the year-end adjustments for depreciation
Compute for the standard error : Compute for the standard error. (Note: sampling is without replacement.) SE=
Find a 90 percent confidence interval : A random sample of 16 pharmacy customers showed the waiting times below (in minutes).
How much money should your company set aside : The workers compensation board has determined that an injury in the workplace was your company's responsibility. How much money should your company set aside
Find the probability of the stock : Suppose that the value of a stock varies each day from $9 to $21 with a uniform distribution.
Creating a simple game to dodge the falling bombs : Creating a simple game in c# where the player has to dodge the falling bombs. There's also rewards and lives falling with the bombs.
What is the lowest price a large pizza : The price of a large pizza at the pizza places in a given town is normally distributed with an average price of $10.50 and a standard deviation of $1.50.
Determine the month-end payments required on the loan : Scooby-Doo has obtained a six-year loan for $40,000 at 8.8% compounded semi-annually. Determine the month-end payments required on the loan

Reviews

Write a Review

Financial Accounting Questions & Answers

  Explain about the two classifications of leases for lessees

Explain about the two classifications of leases for lessees under ASU 2016-02 and how is that classification determined. Talk about the arguments for

  What are the implications of the non-recognition

What are the implications of the non-recognition of internally generated intangible assets (such as research costs) on the agency

  Details regarding the inventory of appliances at january 1

details regarding the inventory of appliances at january 1 2010 purchases invoices during the year and the inventory

  What will the earnings per share the combined entity be

What will the earnings per share the combined entity be if Angela Ltd issues one of its share for every two Bronwyn Ltd shares?

  Find adjusting entries as of december

Find adjusting entries as of December 31, 2019. The company has 15 employees, who earn a total of $2,950 in salaries each working day. They are paid each Monday

  U.s. companies to use international accounting rules

Your friend who is taking his first accounting course says to you, We live in the United States.

  Explain the type of lease this is to earth leasing

Determine as well as concisely but explicitly explain the type of lease this is to Earth Leasing

  Distinguish between accrual and provision with examples

Identify whether each of the above transactions (a-d) would be a liability, provision or a contingent liability in June 2019 financial statements

  What is the optimal portfolio of spy and xiu

Determine your optimal asset allocation among SPY, XIU, and T-Bill, in percentage and in dollar amounts. What is the optimal portfolio of SPY and XIU?

  By how much should net income increase

The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month. By how much should net income increase

  Determine the amount SAMSAN TECH will record as investment

The fair value of 16,500 at 5%, using a probability-weighted approach is 3,142. Determine the amount SAMSAN TECH will record as investment

  Question consider the four independent situations below for

question consider the four independent situations below for an unmarried individual and examine the effects of the

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