Answer:
$508.63
Explanation:
For this question, we use the Present value formula that is reflected in the attached spreadsheet. Kindly find it below:
Provided that
Given that,
Future value = $1,000
Rate of interest = 14%
NPER = 15 years
PMT = $1,000 × 6% = $60
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $508.63
Answer:
A competitive price-searcher market is a market where there are low entry or exit barriers, and the suppliers can determine the price of their products. Some economists believe that this type of market is inefficient because the suppliers are not able to sell enough output in order to minimize their average costs. Since the demand is very elastic in price searcher markets, any price change will cause a drastic change in the quantity demanded.
Price searcher markets share a lot of similarities with perfect competition markets, the main difference is that suppliers and consumers are not price takers. This means that any supplier can change their sales output by changing their price, which leads to greater competition.
Answer: Longer-term project
Explanation:
At the beginning of a project, it may not be possible to estimate the costs for all activities with some levels of confidence regarding their accuracy if the project isn't a short-term project, because it's not really possible to accurately fortell the costs of unforseeable outcomes and factors that may affect the project in one way or the other in the long run.
Answer:
Description of the major tasks.
Deliverables.
Project schedule.
Related experience.
Project organization.
Equipments and facilities.
Explanation:
•Description of the major tasks explains the specific job duties, these duties are the major reasons for the project.
•Deliverables talks about the ability to quantify the project and what will be delivered when the work is completed.
•Project schedule: What needs to be done and the duration or time frame for which the project will be completed. It is the total work required for the project to be promptly delivered.
•Related experience : Any past job experience related to the project, a track record of successfully completed projects as it relates to the present project.
•Project organization: Structures put in place to facilitate supervision and implementation of every required project activity.
•Equipment and facilities: Items needed for the project to be completed.
Answer:
$4,021.77
Explanation:
To solve this question find the present value of each cashflow then sum them up.
<u>PV of 2,000 received at year 2;</u>
Using a financial calculator, input the following;
FV = 2,000
I = 6%
N = 2
PMT = 0
then compute present value; CPT PV = $1,779.99
<u>Next, PV of 3,000 received at year 5;</u>
Using a financial calculator, input the following;
FV = 3,000
I = 6%
N = 5
PMT = 0
then compute present value; CPT PV = $2,241.78
Then sum up the two PVs = $1,779.99 +$2,241.78 = $4,021.77