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Alecsey [184]
4 years ago
14

You are the financial manager for a recreation center that has signed an option to purchase new elliptical machines for $22,500

in two years. If you have an investment opportunity that guarantees 7% interest, how much must you invest to have the necessary funds to purchase the elliptical machines?
Business
1 answer:
maria [59]4 years ago
6 0

Answer:

Present Value= $19,652.37

Explanation:

Giving the following information:

You are the financial manager for a recreation center that has signed an option to purchase new elliptical machines for $22,500 in two years. If you have an investment opportunity that guarantees 7% interest.

PV= FV/(1+i)^n

PV= 22,500/ (1.07^2)= $19,652.37

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In general, do you think that outliers would be more likely to occur in the salaries of heads of companies or in the ages of hea
Setler [38]

Answer:

Outliers are more likely to occur in the ages of head of companies than in the salaries of heads of companies.

Explanation:

An outlier is a data point that differs significantly from other observation, it is refer to as an extreme value, compare to other values.

Outliers are more likely to occur in the ages of head of companies than in their salaries because the ages of heads of companies varies, as that is determine by appointment or by efficiency , so anyone of any age that meet the required criteria can assume the position, one can find a youth of 25 as the head of a company or a man in his late 60s as the head of a company.

As for the salaries, it varies as well, but the difference in salaries when compared can not be very wide apart.

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4 years ago
QUESTION 8 of 10: You are counting your competitors in town. This number is a(n):
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Answer:B; Integer

Explanation:Integer is like a whole number(1,2,3,4, etc) it cannot be decimals. Since there can’t be 2.5 people, the answer is B- Integers

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3 years ago
At July 31, Sandhill Co. has this bank information: cash balance per bank $8,140, outstanding checks $770, deposits in transit $
horsena [70]

Answer:

The adjusted cash balance per bank at July 31 is $8,615.

Explanation:

Outstanding checks are the ones which the business has issued and recorded, but which the bank has not yet cleared. Hence, Sandhill Co. should deduct this amount from the cash balance per bank.

Deposits in transit are the deposits that are received and recorded by the business, but which the bank has not yet processed. Hence, Sandhill Co. should add this amount to its cash balance per bank.

The bank service charge is already accounted for in the cash balance per bank and requires no further treatment.

Therefore,

Initial cash balance per bank               $8,140

Less: Outstanding checks                    ($770)

Add: Deposits in transit                        $1,245

Adjusted cash balance per bank         $8,615

8 0
3 years ago
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= 6% + 1.2*5%

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4 years ago
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