Question
In: Finance
The Personnel Benefits Department of the ACME company will implement a Savings Fund Plan for its...
The Personnel Benefits Department of the ACME company will implement a Savings Fund Plan for its employees in the month of January 2017. An employee is considering depositing RD $ 125,000 in said fund during a period of 2 years that would be paying 1% per month, in order to withdraw 12,500 RD $ at the beginning of each month according to monthly installment due. After 2 years you want to withdraw the accumulated balance. Define the cash flow and determine the available balance in the account after the 2 years have elapsed, deducting the withdrawals made.
Solutions
Expert Solution
So it is clear from above table that we will not able to withdraw money till the 24 month means 2 years because we are just earning $1250 as interest amount while we are withdrawing the 12500 which is 10x of our internet amount. Hence we could able to withdraw till 11 month after that balance will went to negative.
jeff jeffy answered 2 years agoRelated Solutions
The personnel department of ZTel, a large communications company, is reconsidering its hiring policy. Each applicant...
The personnel department of ZTel, a large communications
company, is reconsidering its hiring policy. Each applicant for a
job must take a standard exam, and the hire or no-hire decision
depends at least in part on the result of the exam. The scores of
all applicants have been examined closely. They are approximately
normally distributed with mean 500 and standard deviation 50. The
current hiring policy occurs in two phases. The 1st phase separates
all applicants into three categories: automatic...
The personnel department of a large corporation wants to estimate the family dental expenses of its...
The personnel department of a large corporation wants to
estimate the family dental expenses of its employees to determine
the feasibility of providing a dental insurance plan. A random
sample of 12 employees reveals the following family dental expenses
(in dollars): 115, 370, 250, 593, 540, 225, 177, 425, 318, 182,
275, and 228. Construct a 97% confidence interval estimate for the
standard deviation of family dental expenses for all employees of
this corporation
The personnel department of a large corporation wants to estimate the family dental expenses of its...
The personnel department of a large corporation wants to
estimate the family dental expenses of its employees to determine
the feasibility of providing a dental insurance plan. A random
sample of 12 employees in 2004 reveals the following dental
expenses (in dollars): 115, 370, 250, 93, 540, 225, 177, 425, 318,
182, 275, and 228. The sample mean is ___________. Construct a 95%
confidence interval estimate of the mean family dental expenses for
all employees of this corporation. The upper...
The personnel department at Dansford Company has $45,000 in budgeted costs for the coming period.
The personnel department at Dansford Company has $45,000 in budgeted costs for the coming period. Dansford is trying to determine whether to allocate these costs to the two production departments based on the number of employees or based on machine hours used in the department. Information about the production departments is given below:
Molding Engraving
Number of employees 15 35
Anticipated machine hours 600 400
Instructions:
Calculate the costs allocated to each of the production departments using each allocation...
The marketing department of Acme Inc. has estimated the following demand function for its popular carpet...
The marketing department of Acme Inc. has estimated the
following demand function for its popular carpet deodorizer,
Freshbreeze:
QD = 100 -5p
where Q is the quantity of an 8 oz box sold (in
thousand units) and p the price of an 8 oz. box.
1. Calculate the point price elasticity of demand ED
for price, $1, 2,3,……$19.
2. Describe the pattern of price elasticity of demand that you
have calculated along the demand curve. (Include your brief
explanation)
3....
discuss the benefits of the district assembly common fund and explain the formula for its disbursement
discuss the benefits of the district assembly common
fund and explain the formula for its disbursement
Mushed’s String Company has two service departments, Maintenance and Personnel. Maintenance Department costs of $320,000 are...
Mushed’s String Company has two service departments, Maintenance
and Personnel. Maintenance Department costs of $320,000 are
allocated on the basis of budgeted maintenance-hours. Personnel
Department costs of $80,000 are allocated based on the number of
employees. The costs of operating departments A and B are $160,000
and $240,000, respectively. Data on budgeted maintenance-hours and
number of employees are as follows:
Support Departments
Production Departments
Maintenance
Personnel
A
B
Budgeted costs
$320,000
$80,000
$160,000
$240,000
Budgeted maintenance-hours
NA
200
240
160...
Jake's Battery Company has two service departments, Maintenance and Personnel. Maintenance Department costs of $160,000 are...
Jake's Battery Company has two service departments, Maintenance
and Personnel. Maintenance Department costs of $160,000 are
allocated on the basis of budgeted maintenance-hours. Personnel
Department costs of $40,000 are allocated based on the number of
employees. The costs of operating departments A and B are $80,000
and $120,000, respectively. Data on budgeted maintenance-hours and
number of employees are as follows:
Support Departments
Production Departments
Maintenance Department
Personnel Department
A
B
Budgeted costs
$160,000
$40,000
$80,000
$120,000
Budgeted maintenance-hours
NA
400...
Jake's Battery Company has two service departments, Maintenance and Personnel. Maintenance Department costs of $300,000 are...
Jake's Battery Company has two service departments, Maintenance
and Personnel. Maintenance Department costs of $300,000 are
allocated on the basis of budgeted machine-hours. Personnel
Department costs of $100,000 are allocated based on the number of
employees. The costs of operating departments A and B are $160,000
and $240,000, respectively. Data on budgeted maintenance-hours and
number of employees are as follows:
Support Departments
Production Departments
Maintenance Department
Personnel Department
A
B
Budgeted costs
$300,000
$100,000
$160,000
$240,000
Budgeted maintenance-hours
NA
800...
Steven's Battery Company has two service departments, Maintenance and Personnel. Maintenance Department costs of $320,000 are...
Steven's Battery Company has two service departments,
Maintenance and Personnel. Maintenance Department costs of $320,000
are allocated on the basis of budgeted maintenance-hours. Personnel
Department costs of $80,000 are allocated based on the number of
employees. The costs of operating departments A and B are $160,000
and $240,000, respectively. Data on budgeted maintenance-hours and
number of employees are as follows:
Support Departments
Production Department
Maint Department
Personnel Department
A
B
Budgeted Costs
$320,000
$80,000
$160,000
$240,000
Budgeted Maintenance hours
NA...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Write a function that tells whether a hailstone sequence contains a number that is greater than...
- 1D List Practice Could you write the code to solve the following problem that uses 1D...
- How the concept of moral hazard can be applied to the 2008 financial crisis?
- Write a program that prints and calls two methods. 1. Compute and return the future value...
- Assume you have been selected to lead your team in the development of a quality management...
- java You are creating an array where each element is an (age, name) pair representing guests...
- Joni is a financial planner for ABC firm. She provided all of her clients with the...
ADVERTISEMENT