Answer:
FV= $44,269.11
Explanation:
<u>First, we need to calculate the future value of the lump-sum deposit of $20,000:</u>
<u></u>
FV= PV*(1 + i)^n
FV= 20,000.01*(1.05^11)
FV= $34,206.8
<u>Now, the future value of the $800 annual deposit:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {800*[(1.05^10) - 1]} / 0.05
FV= $10,062.31
<u>Finally, the total future value:</u>
FV= $44,269.11
Answer:
Laser printer
Explanation:
Laser printers are quicker than inkjet printers (producing more pages per minute), generate higher-quality output (with some limitations), and are better suited for high-volume production. Laser printers produce significantly finer lines than inkjet printers, making them ideal for text, logos, and corporate information graphics.
Answer:
c. The price of the call option will increase by less than $2, but the percentage increase in price will be more than 10%
The delta of an option is always less than 1 hence a $1 increase in underlying stock can never be equivalent or more than $1 similarly in this case a $2 rise can never have $2 or more than $2 increase in call option price, yes but the growth in option price can be more than 10%
Answer:
D. Step cost
Explanation:
Riddell Company manufactures one type of basketball. Each basketball is sold for $55 and the individual contribution margin is $27. Total fixed costs are $185,000 annually. Included in fixed costs are two production supervisor’s salaries of $96,000. Management estimates that production supervisors can effectively oversee the production of 6,000 basketballs. After that, an additional production supervisor needs to be hired.
Production supervisor’s salaries are a step cost which are expenses that are constant for a given level of activity and does not change steadily with changes in activity volume, but rather at discrete points.
<span>the reason why taxes are paid to different levels of government in the united states is because Different levels of government supply different services.
In order for them to do these different services, they need financial backing to pay up their employee, which mostly acquired through our tax payments.</span>
