Answer:
FV= $12,818.4
Explanation:
Giving the following information:
You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest.
To calculate the future value we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {4,200*[(1.052^2)-1]}/0.052 + 4,200= $12,818.4
If the steps are small, a step-variable cost may be approximated using a Variable cost function without significant loss in accuracy.
<h3>Variable cost function</h3>
- An expense for the company that varies according to how much is produced or sold is called a variable cost.
- Depending on a company's production or sales volume, variable costs grow or fall. They climb as production rises and reduce as production declines.
- It is a production cost whose level fluctuates in response to shifts in a business's manufacturing activities.
- For instance, the raw materials required to make a product's components are regarded as variable costs because they frequently change depending on the volume of units produced.
- The total variable cost curve depicts the relationship between total variable cost and the volume of output produced graphically.
To learn more about the Variable cost function refer to:
brainly.com/question/27996021
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Answer:
b.Cash inflow in the investing activities section.
Explanation:
The cash flow statement shows the cash used or provided by the various activities of an entity during a given period. These activities are categorized into operating, investing and financing activities.
Non current asset sale and purchases are accounted for in the investing section of the cash flow statement as an inflow and an outflow of cash respectively.
Hence, Cash received through the sale of long-term investments would be reported as Cash inflow in the investing activities section.
<span>I believe it would because that would mean it’s only $12 a person and if the event is buffet style or open bar people will most likely eat more than $12 worth of food.</span>
An outstanding balance on your account
