It seems that you have missed the necessary options for this question, but anyway, the correct answer for this would be PRESENT VALUE. The current value of a future sum of money is called a present value. Hope this is the answer that you are looking for. Have a great day!
Answer:
trial balance
Explanation:
Based on the information provided within the question it can be said that in this scenario Audrey will prepare a trial balance. This refers to an extensive list detailing all the general ledger accounts that can be found within the ledger of a business, each of which will reveal the name and balance of that account. This is what Audrey is preparing and is one of the main tasks completed by accounting departments.
Answer:
$41,354.98
Explanation:
Required future worth = Annual savings x FVIFA(r%, N) x (1 + r)
Required annual savings ($) = [Required future worth / FVIFA(r%, N)] / (1 + r)
= 725,000 / [FVIFA(10%, 10) * 1.1]
= 725,000 / (15.9374 * 1.1)
= 725,000 / 17.53114
= 41354.98318991235
= $41,354.98
Note: Since this is annuity due (deposit made at beginning of year), FV is divided by (1+r).
The answer that best fits the blank provided above is this: A COMPETITIVE ADVANTAGE. When we say competitive advantage, this is when this fast food restaurant gains that position that is ahead of the rest. This is because of their low prices for larger quantities. Hope this helps.
