Answer:
6.7590
Explanation:
Present value annuity factor for annuity due = 1 + Present value annuity factor for ordinary annuity - PVF(10%, 10 years)
Present value annuity factor for annuity due = 1 + 6.1446 - 0.3856
Present value annuity factor for annuity due = 7.1446- 0.3856
Present value annuity factor for annuity due = 6.7590
Answer:
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Answer: A golden parachute.
Explanation:
A very large financial compensation paid to top members of management in a company in the event of a merger or company sales, is known as a golden parachute. A golden parachute is done to discourage buyers from buying over a company and also to help ease the effect of top staff losing their jobs.
Answer:
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<em>The margin of safety for April,</em> expressed as a difference and as percent:
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Explanation:
The <em>margin of safety</em> is the how much the sales exceed the breakeven volume of sales.
<u>1. Calculate the breakeven volume:</u>
Equation:
- Variable costs + fixed costs = Revenue
↓ ↓ ↓
21x + 63,000 = 63x
Solve for x:
<u>2. Margin of safety:</u>
- Margin of safety = Actual sales - Breakeven volume
- Margin of safety = 3,100 units - 1,500 untis = 1,600 units
You can report the margin of safety as the difference, 1,600 units, or as a percent of the sales:
- Percent = (1,600 units / 3,100 units) × 100 = 51.6%