Answer:
It will take 25.28 year to have enough to buy the car ( ignoring Inflation effect)
Explanation:
Current Deposit = PV = $49,000
Future Value = FV = $199,000
Interest Rate = r = 5.7%
Use following Formula
FV = PV ( 1 + r )^n
$199,000 = $49,000 ( 1 + 0.057 )^n
$199,000 / $49,000 = ( 1 + 0.057 )^n
4.06 = 1.057^n
Log 4.06 = n log 1.057
n = log 4.06 / log 1.057
n = 25.28
it requires 25.28 year to have an amount to buy the Ferrari.
Answer:
<em><u>The correct answer is: </u></em>Markets evolve toward greater heterogeneity over time.
Explanation:
The history of cell phones shows a marketing trend that markets evolve towards greater heterogeneity over time.
This occurs in relation to market segmentation, that is, organizations identify groups of consumers with similar tastes and develop all their marketing actions to reach a certain demand according to their needs, tastes and preferences. Market segmentation creates a heterogeneous market, with differentiated products in terms of functionality, design, price, benefits, etc., so that existing demands are met.
<span>Manage the technological areas of the company</span>
<span>To calculate the average collection period: the average accounts receivable balance divided by average credit sales per day.
With $1,000,000 per year, that is $2739.73 per day.
The average accounts receivable is ($80,000 + $60,000) / 2 = $70,000
$70,000 / $2,739.73 = 25.6 days</span>
Answer:
Standard cost Supplies= $3,480
Explanation:
Giving the following information:
The cost formula for catering supplies is $400 per month plus $82 per job plus $10 per meal.
The company expected its activity in September to be 20 jobs and 144 meals.
<u>To calculate the total budgeted cost, we need to multiply the standard cost for the planned production:</u>
Standard cost Supplies= 400 + (82*20) + (10*144)
Standard cost Supplies= $3,480
