Answer:
the annual payment for the second annuity is $2,130 paid at end of every year
Explanation:
We have following information for 1st annuity:
Rate: 6.5%
Payment (PMT): -$2,000, paid at beginning of every year
Tenor (Nper): 20 years
We use excel to calculate the present value of annuity = PV(rate,Nper,PMT,,1)
=PV(6.5%,20,-2000,,1) = $23,469
Then we calculate the payment for 2nd annuity = PMT(rate,Nper,PV,,0)
=PMT(6.5%,20,23469,,0) = -$2,130
Answer:
degree of newness of the product as perceived by the intended market.
Explanation:
As the new product is in the market so the willing of the consumers are to evaluate the production that depends upon the product newness in the market
The other options are incorrect as if the evaluation of the consumers depend upon the irrational beliefs so it would not be intended to purchased
Therefore the last option is correct
hence, the same is to be considered
Answer:
the management of money and things that are worth money.
Explanation:
Finance is best defined as the management of money and things that are worth money.
Answer:
a framing bias.
Explanation:
given data
necklace he liked = $139
pearl necklace originally = $173.75
sale for = 20% off
reduced the price = $139
solution
- Rodrigo is subject to readymade bias. This bias refers to how people’s decisions affect situations, words, or settings. Although both stores have the same price, Pearl’s own stores create a relative factor
- It showed a high base price and a 20% discount, which made Rodrigo feel like he was making a deal, so he was more inclined to buy the necklace and not at the Murphy jewelry store.
Answer:
Inventory Turnover Ratio for 2008= 3.223 Times
Inventory Turnover Ratio for 2009= 3.91 times
Explanation:
Inventory Turnover Ratio= Cost of Goods Sold / Average Inventories
Inventory Turnover Ratio for 2008= $632,000/ $201,000
+ 191,100/2
Inventory Turnover Ratio for 2008= $632,000/196,050
Inventory Turnover Ratio for 2008= 3.223 times
Inventory Turnover Ratio for 2009= $ 731,000/191,100
+ 182,600/2
Inventory Turnover Ratio for 2009= $ 731,000/ 186,850
Inventory Turnover Ratio for 2009= 3.91 times
