Answer:
PV= $50,981.17
Explanation:
<u>First, we need to calculate the future value at the end of the period:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {7,500*[(1.071^19) - 1]} / 0.071
FV= $283,234.78
<u>Now, the present value:</u>
PV= FV/(1+i)^n
in this case n=25 years
PV= 283,234.78 / (1.071^25)
PV= $50,981.17
Answer:
b. cost-plus pricing
Explanation:
cost-plus pricing is a price base that involves a markup addition to the cost of services and goods to get to the final selling price. In this technique you compute all cost (material, labor, etc) and then add a percentage in order to obtain the product's price
Answer:
The correct answer is letter "D": Prevents overstatement of the value of obsolete or damaged inventories.
Explanation:
The lower-of-cost-or-market method values assets according to the lowest value possible choosing between the market value or the asset's historical cost. This accounting principle is useful to avoid exaggerating the value of obsolete or damaged assets the firm might have in stock.
<u>Answer:</u>
Consumer behavior considers numerous reasons why individual, situational, mental, and social individuals look for items, purchase, use, and afterward discard them.
Evaluative criteria are positive qualities that are imperative to you, for example, the cost of the knapsack, the size, the number of compartments, and shading. A portion of these attributes are valued highly as compared to others. For instance, the size of the rucksack and the cost may be more imperative to you than the shading except if, state, the shading is hot pink, and you despise pink.
Answer:
<em>Carlton files a petition in bankruptcy. One of the goals of bankruptcy law with respect to a debtor is </em><em>to </em><em>provide a fresh start, free from creditors' claims </em>
