A Wealthy Inventor Has Decided to Endow Her Favorite Art

question 135

Multiple Choice

A wealthy inventor has decided to endow her favorite art museum by establishing funds for an endowment which would provide $1,000,000 per year for research.The scientist will fund the endowment upon her fiftieth birthday 10 years from today.She plans to accumulate the endowment by making annual end-of-year deposits into an account.The rate of interest is expected to be 6 percent in all future periods.How much must the scientist deposit each year to accumulate to the required amount?

• A)$1,575,333
• B)$736,000
• C)$1,264,446
• D)$943,396

Identify and apply different communication theories to practical situations in public relations.

Distinguish between qualitative and quantitative research methods.

Recognize the role and impact of digital analytics in public relations.

Understand the principles of effective persuasion and influence in public relations.

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Definitions:

Budgeted Cash Receipts

An estimation of the cash a company expects to receive within a certain period, based on projected sales or revenue.

Budgeted Cash Disbursements

An estimate of the total amount of cash an organization plans to pay out over a specified period, including operating expenses and purchase of assets.

Direct Labor Budget

A financial plan that estimates the cost of direct labor required to meet production goals.

Direct Labor-Hours

A measure of the total time workers spend directly manufacturing a product or performing a service.