Answer:
$150,876.91
Explanation:
To calculate, the present value of an ordinary annuity formula is used as follows:
PV = P × [{1 - [1 ÷ (1+r)]^n} ÷ r] …………………………………. (1)
Where;
PV = Present value of the payments =?
P = yearly payment = $30,000
r = interest rate = 11% = 0.11
n = number of years = 5
Substitute the values into equation (1) to have:
PV = $30,000 × [{1 - [1 ÷ (1+0.11)]^5} ÷ 0.11] = $110,876.91
Amount to record = $40,000 + $110,876.91 = $150,876.91
Answer:
A. Differentiation strategy.
Explanation:
In a market different firms try to maintain a competitive edge over others. This is achieved by using various strategies like: Differentiation strategy, Local strategy, Regional strategy, Cost-leadership strategy, Global strategy.
In the given scenario ABC tries to add value to their products and services so they can attract customers who are willing to pay a higher price.
This is a differentiation strategy where a firm tries to make their product different from.otgers in order to maintain a competitive advantage over others
<span>After one year, the amount will be (1.065)($5000)
After two years, the amount will be (1.065)(1.065)($5000)
This equals (1.065)^2 ($5000)
After n years, the amount will be (1.065)^n ($5000)
(1.065)^n ($5000) = $50,000
(1.065)^n = 10
(n) (ln(1.065)) = ln(10)
n = ln(10) / ln(1.065)
n = 37
You can begin your travels in about 37 years.</span>
Answer: See explanation
Explanation:
• clinical psychologist - Ph.D. with lIcensure or certification, depending on the state in which you Iive.
A clinical psychologist psychologist is someone who is highly trained, experienced and qualified to diagnose and also treat patients with mental issues.
• concierge - on the job training.
A concierge simply refers to an employee in an hotel who assist guests in making reservations and also attend to their needs. They require on the job training to perform their role well.
• cosmetologist - vocational school and state licensure.
The cosmetologist is an individual who works in the beauty industry and their role is to give individuals a better appearance and make them more beautiful. Such people need to go to vocational school and also require state licensure to practice.
• Childcare director- a bachelor's degree In early childhood development.
A childcare director mainly works in schools or educational sector and they help in developing educational programs, supervision of preschool teachers, etc.