HELP ASAP

Find the present value of $4,300 under each of the following rates and periods:

Aleonysh [2.5K]

Answer:

The present value of $4,300=$3,624.13

Explanation:

The present value is always used to estimate the value of an asset be it financial or financial equivalents to determine their current value accounting for annual interest rates. Continuous compounding is the mathematical limit that can be reached if it's calculated and reinvested into an account's balance over a theoretically infinite number of periods. The formula is expressed as;

F.V=P.V×e^(i×t)

where;

F.V=future value

P.V=present value

e=mathematical constant approximated as 2.7183

i=stated interest rate

t=time in years

In our case;

F.V=$4,300

P.V=unknown

e=2.7183

i=5.7%=5.7/100=0.057

t=3 years

replacing;

4,300=P.V×e^(0.057×3)

4,300=P.V×e^(0.171)

1.1865 P.V=4,300

P.V=4,300/1.1865

P.V=3,624.13

The present value of $4,300=$3,624.13

7 0

3 years ago

You are directed to study the actors close to the company that affect its ability to serve its customers-departments within the

stiks02 [169]

Answer:

The answer is B. Micro environment

Explanation:

The Micro environment of a firm refers to those factors that are close to the firm and that affect the firm's ability to serve its customers. It influences the organization directly.

Examples of Micro environment are internal environment of the firm, its suppliers, marketing intermediaries, customer markets, competitors, and the public.

Hence, the answer to this question is B. Micro environment

7 0

3 years ago

The marketing *blank*

Firlakuza [10]

Cnxnnxnxnx didn’t bend d s and bdjsbsnsnd

3 0

3 years ago

Feedback is important in improving your performance, and we should solicit feedback, and not just wait until someone provides us

Serhud [2]

Answer:

The given statement is "True".

Explanation:

Feedback would be a significant aspect in improving the accomplishment or organization's success.
Requesting or waiting for such feedback might contribute to less and less input, although the organization must request for input, this same person might communicate with the organization by requesting comments.

Thus the above is the correct answer.

8 0

3 years ago

Elliott Company produces large quantities of a standardized product. The following information is available for its production a

olganol [36]

Answer:

Check below for the Answer and Explanation

Explanation:

Elliot Company process cost summary report

CALCULATION FOR UNITS TO ACCOUNT FOR:

Beginning Work in Process units 2,000

Add: Units Started in Process 20,000

Total Units to account for: 22,000

CALCULATION FOR UNITS TO BE ACCOUNTED FOR:

Units completed and transferred out 17,000

Ending Work in Process 5,000

Total Units to be accounted for: 22,000

Equivalent Units:

UNITS Material Cost Conversion

% Completion Units % Completion Units

Units completed

100% 17,000 100% 17,000

Ending Work in Process

100% 5,000 35% 1,750

Total Equivalent units 22,000 18,750

CALCULATION FOR TOTAL COST TO ACCOUNT FOR:

Material Conversion

Beginning work in Process

2,500 6,360

Cost Added during May

168,000 479,640

Total Cost to account for:

170,500 486,000

÷ Equivalent Units

22,000 18,750

Cost per Equivalent unit

7.75 25.92

CALCULATION FOR TOTAL COST ACCOUNTED FOR:

Units completed and Transferred out (17000 units)

Equivalent unit Cost per EU Total Cost

Material 17,000 7.75 131750

Conversion Cost 17,000 25.92 440640

Total Cost of Units completed and transferred out: 572,390

Ending Work in process (5000 units)

Equivalent unit Cost per EU Total Cost

Material 5,000 7.75 38750

Conversison Cost 1,750 25.92 45360

Total cost of Ending Work in process: 84,110

8 0

3 years ago