Answer:
Present value is $74,116.62
Explanation:
Giving the following information:
The machine pays= $2,655.00 every six months
n= 27 years= 54 semesters
Interest rate= 0.13/2= 0.065
First, we need to calculate the final value using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual pay
FV= {2,655*[(1.065^54)-1]}/0.065= $1,183,854.61
Now, we can calculate the present value using the following formula:
PV= FV/(1+i)^n
PV= 1,183,854.61/(1.065)^44= $74,116.62
Answer:
<em>Tiffany would likely have</em> <u> </u><u>expert </u> <em>power over a new sales rep.</em>
Explanation:
Refering to business, the are five forms of <em>power</em> through wich the workers may influence others in an organization: legitimate, reward, expert, referent, and coercive.
The legitimate power comes from formal authority: bosses have the authority to ask others to perform tasks.
Reward power comes from the fact that one person can pay or reward, either with money or with some non-financial incentive.
<em>Expert reward</em> is exerted by a person in virtue of the knowledge on a matter or skills to perform a task, thus he/she can influence others. This is exactly what<em> Tiffany would likely </em>have because the has a lot of experience performing a good job as sales rep/
Referent power is exerted in virtue of the respect or admiration
Coercive power is exerted when the person can impose a punishment.
The net income of Denver Incorporated is $0.71 million.
<h3> What is profit margin? </h3>
Profitability margin is an example of a profitability ratio. Profitability ratios measures the efficiency that a business uses to derive profit from its assets. Profit margin measures the return on sales
Profit margin = net income / net sales
<h3>What is the net income? </h3>
5% = net income / $14.2 million
Net income = $14.2 million x 0.05 = $0.71 million
To learn more about financial ratios, please check: brainly.com/question/26092288
A savings account is an account held at a bank or another financial institution. This account could be seen online and is used to store money and earn interest on that money.
A savings account saves your money.
A current account is a bank account that keeps your money safe and secure, it helps manage finances and is easy to make payments with. With a current account you can have deposits, withdrawals, etc. In an current account an amount can be deposited and withdrawn at any time without any notice needed.
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