Answer:
$ 1,723.76
Explanation:
Given:
Interest factor = 4.641
Rate of interest, r = 10%
Future value of the annuity = $ 8,000
Now,
The future value of annuity is calculated as
=
Where,
P = Principal payable
r = interest rate
n = number of payments
thus, on substituting the values, we get
$8,000 = P × Interest factor
or
$ 8,000 = P × 4.641
or
Annual payment, P = $ 1,723.76
Answer:
Explanation:
The journal entry is shown below:
Cash A/c $18,000
To Service revenue A/c $18,000
(Being the receipt is recorded)
For recording this transaction, we debited the cash account as cash is received and credited the service revenue as service is provided. These both transactions are recorded for $18,000 so that correct posting could be done.
Probably production function
True.
Segmentation allows a firm to break the customer market by different categories and groups, such as demographics, market location, age, gender, and more. The segmentation process uses data to help the firm choose its target market to capture the most value. The customer group selected is then the target market for the firm.