Answer:
Farming Art Inc. should deposit $284.42
Explanation:
Giving the following information:
Framing Art Inc. will need to purchase two new cashier machines in 2 years, for $148 each. A savings account pays 2% per year compounded quarterly.
Total cost=148*2= $296
To calculate the monetary value to deposit today, we need to use the following formula:
PV= FV/(1+i)^n
FV= 296
i= 0.02/4= 0.005
n=2*4= 8
PV= 296/1.005^8= $284.42
Answer:
A) $56,750
Explanation:
Since Manning's ownership changed during the year, it must allocate income differently for the first 40 days than the remaining 325.
Kane should report the following income:
- 100% income form Manning x 40/365 = $73,000 x 40/365 = $8,000
- 75% income from Manning x 325/365 = $73,000 x 75% x 325/365 = $48,750
- total income allocated to Kane = $8,000 + $48,750 = $56,750
Answer:
the expected annual profit for the number of beauticians is $70,000
Explanation:
The computation of the expected annual profit for the number of beauticians is shown below:
= 50 × 0.50 + 75 × 0.20 + 100 × 30
= 25 + 15 + 30
= 70
= $70,000
hence the expected annual profit for the number of beauticians is $70,000. The same is to be considered
All other information that are mentioned should be ignored
This combination is called CONGLOMERATE MERGER. A conglomerate merger is the unification between firms or companies that are involved in business activities that are no way related to each other. The two types of conglomerate merger are PURE AND MIXED. Pure conglomerate involves companies with nothing in similarity. Whereas for mixed conglomerate, it involves companies that are looking for product or market extensions.
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