Answer:
$24135.72
Explanation:
Given pmt 320, r 9% n 5 years
This amount is paid monthly s\and there are 12 months in a year
r = 9%/12 =0.75%
n = 5* 12 =60
We will use the future value of annuity
FV = pmt *[(1+r)^n - 1/r)]
= 320 *[(1+0.0075)^60-1/0.0075
=$24135.72
The Coca-Cola Company sells its products to bottling and canning operations, distributers, fountain wholesalers and some fountain retailers. They then distribute them to retail outlets, corner stores, restaurants, petrol stations and many more.
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(a) Discount amount = Face value - Price of t-bills = $1,000-$996 = $4
(b) Amount received at maturity = Face value = $1,000 (Note: T-bills are guaranteed and thus one of the safest investment).
(c) Current yield, R = Discount amount/Face value * 360/t, where t = 52 weeks = 360 days.
Then,
R = (4/1000)*(360/360)*100 = 0.4%
$14,000 rupees will be disbursed totally in march.
<u>Explanation</u>:
- The operating cost is $38,000 per month. This is including depreciation. So cash pending on March 1 is $8,000.
- At the end of March month, the cash balance of $6000 is required. So a total of $14,000 is required at the end of the month. Including the labor costs, he wants to pay $14,000.
- He can borrow money in multiples of $1000. For emergencies, this money can be borrowed. So $14,000 should be dispersed in the month of March.
True. Creating central distribution centers can allow a business to run more efficiently. This statement is true because when there is a central distribution center, it allows one central location for products to filter in and out. This products are able to be better counted for inventory purposes and making sure there is enough supply being producted to meet the demand for the items.
