Answer:
<h2>The present value of PV in this case is $527.76 approximately.</h2>
Explanation:
The mathematical or accounting formula of Present Value(PV)=
where FV denotes the future cash payment to be made,r represents the discount rate and n is the number of years in which the future payment has to made.Here,the future cash payment of FV is given as $1350,the discount rate is 11% or 0.11 and the number of years in which the FV has to be paid is 9 years.
Hence,PV in this case=
approximately
Therefore,based on the information given the PV in this case is $527.76 approximately.
Answer:
A) $38,650; 48.31%
Explanation:
The computation of the contribution margin and the contribution margin ratio is shown below:
Contribution margin = Service Revenue - Cleaning Supplies Used - wages expense
= $80,000 - $22,000 - $19,350
= $38,650
The variable cost is Cleaning Supplies Used + wages expense
And, the contribution margin ratio equals to
= (Contribution margin ÷ sales) × 100
= ($38,650 ÷ $80,000) × 100
= 48.31%
The right answer for the question that is being asked and shown above is that: • • Mega Mart is a “dog.” A business unit is considered a dog is when the market growth rate is low and the relative market share is also low.
Business unit that has grown very slowly.
They have a very low share.<span>
</span>
<u>Given:</u>
Annual property tax = $1,140
Number of days = 91
<u>To find:</u>
Seller's credit for property tax
<u>Solution:</u>
The following is the calculation of the seller credit for property taxes,

On plugging-in the values we get,


Therefore, the seller's credit for property taxes is $288.