Question

If Ben's bi-weekly income is $2400, semi-annual bonus is $5000, quarterly dividends are $40, and monthly...

If Ben's bi-weekly income is $2400, semi-annual bonus is $5000, quarterly dividends are $40, and monthly rental income is $1000. What is his ANNUAL total income?

A. $50,840

B. $73,440

C. $84,560

D. $79,560

Homework Answers

Answer #1

Total annual income of ben:

Particulars Multiplication factor Annual income
Bi weekly income 2,400.00 52/2 62,400.00
Semi annual bonus 5,000.00                   2.00 10,000.00
quarterly dividends        40.00                   4.00        160.00
monthly rent 1,000.00                12.00 12,000.00
Annual total income 84,560.00

Therefore option c is correct.

Thumbs up please if satisfied. Thanks:)

Comment for further doubts

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Question 5 What is better 1% monthly interest, 3.1% interest quarterly, 6.2% interest semi-annually, or 12.6%...
Question 5 What is better 1% monthly interest, 3.1% interest quarterly, 6.2% interest semi-annually, or 12.6% annual interest. A. 6.2% semi-annual B. 3.1% quarterly C. 12.6% annual D. 1% monthly E. They are all the same Question 6 You decide to buy 1200 shares of stock at a price of $34 and an initial margin of 60%. What is the maximum decline in share price before you receive a margin call. Assume that the maintenance margin is 30%. A. -42.86%...
1 - How often does Revenu Québec estimate an employer's remittance frequency? Monthly Quarterly Semi-annually Annually...
1 - How often does Revenu Québec estimate an employer's remittance frequency? Monthly Quarterly Semi-annually Annually 2- Taxable benefits should be included in an employee's income: within one month of being enjoyed or received each pay period as they are enjoyed or received by the end of the calendar year in which they are enjoyed or received within one year of being enjoyed or received 3 - The following information is noted on the 2018 year end payroll register for...
PART 2: FINANCE a) If you deposit $23,596.00 at 13.23% annual interest compounded quarterly, how much...
PART 2: FINANCE a) If you deposit $23,596.00 at 13.23% annual interest compounded quarterly, how much money will be in the account after 4 years? b) If you deposit $1036.00 into an account paying 5.46% annual interest compounded monthly, how many years until there is $19,912.00 in the account? c) What is the value today of receiving a single payment of $55,961.00 13 years if your required rate of return on this investment is 14.25% compounded semi-annually? d) If you...
question 25 During 2016, XYZ Corporation reported net income of $200 and paid dividends of $60....
question 25 During 2016, XYZ Corporation reported net income of $200 and paid dividends of $60. XYZ's December 31, 2015 statement of financial position reported the following items: common stock = $220, capital surplus = $180, retained earnings = $300. What is the value of the retained earnings account for the December 31, 2016 statement of financial position? Select one: a. $540 b. $160 c. $460 d. $400 e. $440 Question 26 You need to borrow $18,000 to buy a...
1. For the next 6 years, you pan to make equal quarterly deposits of $600.00 into...
1. For the next 6 years, you pan to make equal quarterly deposits of $600.00 into an account paying 8% compounded quarterly. How much will be the total you have at the end of the time? 2. How much money will you have to deposit now if you wish to have $5,000 at the end of 8 years. Interest is to be at the rate of 6% compounded semiannually? 3. In the California “Million Dollar Lottery” a winner is paid...
You are the financial manager of a large company and you must recommend the best investment...
You are the financial manager of a large company and you must recommend the best investment to the board of directors. 1- (30 points) If the firm wants to invest 100,000 €, which of the following options is the most interesting one: a) To invest in a bank account that offers an annual simple interest rate of 7%, for 10 years b) To invest in a bank account that offers an annual compound interest rate of 6%, for 10 years...
14. An investor purchases a just issued 30-year, 10.500% semi-annual coupon bond at 104.079 percent of...
14. An investor purchases a just issued 30-year, 10.500% semi-annual coupon bond at 104.079 percent of par value and sells it after 10 years. The bond’s yield to maturity is 9.584% at time of sale, and rises to 10.100% immediately after the purchase but before the first coupon is received. All coupons are reinvested to maturity at the new yield to maturity. Show the sources of return below. (a) Total coupon payments:   (b) Reinvestment income from coupons: (c) Sale price...
22. A manufacturing company prices its goods to achieve a gross profit of 40 percent. The...
22. A manufacturing company prices its goods to achieve a gross profit of 40 percent. The total cost of goods available for sale during the period was $350,000. Sales revenue was $500,000 during the period. What is the estimated cost of the unsold (ending) inventory, using the gross profit estimation method? a. $90,000 b. $50,000 c. $300,000 d. $150,000 23. Assume that the semi-annual cash payments on a particular bond issue are $25,000, and that the accrued interest on the...
In 2020, Chip, an accomplished professional race car driver, is to receive a signing bonus for...
In 2020, Chip, an accomplished professional race car driver, is to receive a signing bonus for agreeing to drive for Hot-Lap International, a racing team. Hot-Lap agrees to establish a NQDC agreement with Chip to defer the bonus beyond Chip’s peak income producing years. Hot-Lap transfers the bonuses to an escrow agent, subject to the risk of forfeiture to team creditors in bankruptcy, who invests the funds in securities acting as a hedge against inflation. The bonus is deferred until...
Ex. 1 Sunkan Company prepares monthly financial statements. Below are listed some selected accounts and their...
Ex. 1 Sunkan Company prepares monthly financial statements. Below are listed some selected accounts and their balances on the September 30 trial balance before any adjustments have been made for the month of September. SUNKAN COMPANY Trial Balance (Selected Accounts) September 30, 2014       Debit     Credit Supplies        $ 2,700 Prepaid Insurance        4,800 Equipment        16,200 Accumulated Depreciation—Equipment            $ 1,000 Unearned Rent Revenue            1,200 (Note: Debit column does...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT