Answer:
$122,821,129.69
Explanation:
For computing the future value we need to apply the future value formula i.e to be shown in the attachment below:
Provided that,
Present value = $0
Rate of interest = 8.2%
NPER = 14 years
PMT = $5,000,000
The formula is shown below:
= -FV(Rate;NPER;PMT;PV;type)
So, after applying the above formula, the future value is $122,821,129.69
The budget item spent on clothing is considered to have a budget variance.
<h3>What is budget variance?</h3>
A budget variance is the difference between the budgeted expense or revenue, and the actual amount.
The budget variance is favorable when the actual revenue is higher than the budget or when the actual expense is less than the budget.
Hence, the budget item is considered to have a budget variance.
Learn more about budget variance here : brainly.com/question/13287252
#SPJ1
One of the biggest non-monetary costs for hospitality customers is time.
<h3>What is non-monetary costs?</h3>
- When a buyer purchases a product, he not only spends money, but also other resources.
- These are referred to as non-monetary expenses, and they include time, convenience, effort, and psychological costs.
- Economists have recently come to understand that consumers make other trade-offs in order to receive goods and services in addition to paying a monetary price.
- As a result, demand is influenced by other expenses in addition to the monetary price.
- The idea of non-monetary expenses has grown in significance in social marketing.
- Non-monetary costs are another type of sacrifice that customers feel when they purchase and use a service.
Learn more about non-monetary costs here:
brainly.com/question/28503224
#SPJ4
Answer:
$247,300
Explanation:
Given that
Invested amount = Present value = $11,2000
Time = 10 years × 4 quarter = 40
The rate = 8% ÷ 4 = 2%
So, we have to applying the future value formula which is presented below:
Future value = Present value × (1 + interest rate)^ time period
= $112,000 × (1 + 0.02)^40
= $112,000 × 1.02^40
= $112,000 ×2.2080396636
= $247,300
The classified balance sheet will show which asset subsections?
b. current assets and property, plant, and equipment
Assests are divided into current assets and PPE, Thus there are going to be 2 sections in assets sides.
