Answer: I must invest <u>$68,163.04</u> today to buy a Ferrari 10 years from now.
We can interpret the data in the question as follows.
We need $185000 after 10 years, so this is the Future Value of an investment made today. We have to calculate the amount to be invested.
We need to use the Present Value formula in order to find the amount to be invested.
The formula is :
Substituting the values we get,
That statement is true.
Linger period of unpaid receivable indicates either the person who held it couldn't afford to pay back or that person already fled away.
Therefore, the company will most likely will receive lesser amount of that receivable chunk under this situation.
Answer:
$423,000
Explanation:
Initial accounts payable added to any purchases made during the period must equal ending accounts payable plus cash payments. Therefore, the amount of budgeted cash payments is:
The amount of budgeted cash payments is $423,000.
Answer:
the last part of the question is missing, so I looked for it:
a. Randy received $2,200 of interest this year and no other investment income or expenses. His AGI is $75,000.
b. Randy had no investment income this year, and his AGI is $75,000.
a) Randy can deduct $31,575:
- the mortgage interest is deductible
- the car loan interest is not deductible
- he can deduct $4,725 - $2,200 = $2,525 as investment interest expense
b) Randy can deduct $29,050
- the mortgage interest is deductible
- the car loan interest is not deductible
- since he had no investment revenue, he cannot deduct any investment interest expense
Answer:
The answer is: Emotional intelligence
Explanation:
A person with emotional intelligence is able to identify and manage his own emotions and the emotions of the people around him.
Usually they are very perceptive of other people's emotions, and when they use their abilities correctly, they can improve the performance of those around them. For example, sometimes a compliment or some nice words can do a lot to boost an employee's self esteem and efficiency.
This is a very useful trait in modern management, since modern workplaces rely more on open communications and team work.
