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professor190 [17]
3 years ago
8

Select the best (most informative) answer. present value involves _____ whereas future value involves _____.

Business
1 answer:
Marina CMI [18]3 years ago
4 0
Present Value involves discounting, and future value involves compounding.

The find present value of a dollar a year from now, we must discount by the discount rate, since a dollar a year from now is not worth as much as a dollar today.

To find the future value (in a year) of a dollar we receive today, we increase the dollar by the discount rate, since our dollar today is worth more than a dollar a year from now. 
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Answer:

Total cost= $1,485

Explanation:

Giving the following information:

Work= 50 hours

Hour rate= $15

Overhead= 0.80 of direct labor cost

First, we need to calculate the total labor cost:

We have to add 10% of the time.

Direct labor= (50*1.1)*15= $825

Now, the  overhead:

Allocated overhead= 825*0.8= $660

Finally, the total cost:

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2 years ago
The seller of a dry cleaning business has agreed not to open another dry cleaning business for two years within a one-mile radiu
algol [13]

Answer:

c. is valid and enforceable

Explanation:

In business,  this is called a Non-Compete Clause.

Non-Compete Clause can prevent a certain individual or organization to compete with another business , as long as both parties con sensually sign the agreement.

Typically, Non-Compete clause is required after all the parties involved have some sort of affiliation toward one another/

<u>for example:</u>

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3 years ago
Economists speaking like scientists make a. positive statements. b. prescriptive statements. c. claims about how the world shoul
eduard

Answer:

a. positive statements.

Explanation:

Positive statements is a statement from the field of positive economics that deals with measurement and explanation of economic phenomena, it deals with or studies 'what is' or how the various economics problems of what to produce, how to produce, when to produce and for whom to produce are actually solved. it uses relevant fact for its analysis.

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3 years ago
What is the functions of a commercial bank? Explain.
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