This is an example of derived demand. Derived demand is the rise in demand of a good or service as a result of the increase demand of another product.
In this case, since bikes are more in demand, producers will need more raw materials to make more bikes.
I think.the answer is five bc all u have to do is add them all up am I right
Answer: $235,844
Explanation:
Interest revenue = Total lease payments - Fair value of equipment
The lease payments are constant and so are an annuity and will be an annuity due because the first lease payment of such leases are made immediately.
Present value of lease payments = Annuity * Present value factor of Annuity due, 5 years, 12%
989,065 = Annuity * 4.0373
Annuity = 989,065 / 4.0373
= $244,981.79
Total lease payments = Lease payments * number of years
= 244,981.79 * 5
= $1,224,908.95
Interest revenue = 1,224,908.95 - 989,065
= $235,843.95
= $235,844
I believe the correct answer would be C. Officers of the corporation are appointed by the board of directors. These officers would always include the CEO or the Chief Executive Officer (President), the COO or the Chief Operating Officer, the CFO or the Chief Financial Officer (Treasurer) and the Secretary. Although it may vary from one company to another, those abovementioned are always present.
22,938 is what he should pay for the annuity.
Given;
Pv = 5000
r = 4.5
n = 5
Formula of Annuity payment is; P = r(PV) / 1 - (1 + r)^-n
= 5000 * 0.045 / 1 - (1+0.045)^-5
= 22,938
Just follow the formula of the annuity payment and you can get the final answer you are looking for. The answer in this question is $22,938