Answer:
The EAR of this arrangement is 22.24%.
Explanation:
The choice given by the store means that the present value of 52 weekly equal payment discounting at a weekly discount rate will be equal to the furniture price which is $1,520 ( as one year has 52 weeks). So, we apply the formula for calculating the present value of the annuity, with x denoted as discount rate as below:
1,520 = (32.33/x) * [1 - (1+x)^(-52)] <=> x = 0.387%.
As x = 0.387% is weekly rate, the EAR will be calculated as:
EAR = [ (1+0.387%)^(52) ] - 1 = 22.24%.
Answer:
$25711.08
Explanation:
The amount of sales revenue to be recorded at the commencement of the lease is the present value of all cash flows receivable from the lease
The pv formula in excel can be to determine the present of the ending of the payments(totaling 3)
=pv(rate,nper,pmt,fv)
rate is 7% the rate implicit in the lease.
nper is 3 years
pmt is the yearly payment of $7000
fv is the future value of the lease,it is unknown
=pv(6%,3,7000,0)=$18711.08
Then we to add the $7000 received on day one
=$
18711.08+$7000=$25711.08
Answer: Marketing
Explanation:
According to the AMA (American Marketing Association), the marketing is the term that is used to refers to the various types of activities, process and the communication process for exchanging the various types of information to the customers and the clients.
It is also known as the economical response pattern that helps in understanding the actual requirement of the customers in terms of products, brands and the services.
According to the given question, the marketing is refers to the activities and process for communicating, creating and also delivering the products and the services in the market.
Therefore, Marketing is the correct answer.
I think it’s B but I could be wrong I’m sorry
Answer:
Option (b) $30,000
Explanation:
Data provided in the question:
shares of common stock issued @ $7 per share = 10,000
shares of common stock issued @ $8 per share = 20,000
Net income = $100,000
Dividend paid = $50,000
Number of treasury stocks purchased = 3,000
Price per stock of treasury stocks = $10
Now,
The balance in the Treasury Stock account at the end of 2021
= Number of treasury stocks purchased × Price per stock of treasury stocks
= 3,000 × $10
= $30,000
Hence,
Option (b) $30,000