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Alona [7]
3 years ago
5

Janice would like to send her parents on a cruise for their 25th wedding anniversary. She has priced the cruise at $15,000 and s

he has 5 years to accumulate this money. How much must Janice deposit annually in an account paying 10 percent interest in order to have enough money to send her parents on the cruise
Business
1 answer:
pochemuha3 years ago
3 0

Answer:

Annual deposit= $2,456.96

Explanation:

Giving the following information:

The number of years= 5 years

Final value= $15,000

Interest rate= 10%

We need to calculate the annual deposit to reach the objective. We will use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (15,000*0.1) / [(1.10^5)-1]

A= $2,456.96

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mote1985 [20]

To solve for units sold at an income of $200,000:

First, I would subtract the variable cost of $8 from the unit sales price of $18 dollars which gives you $10.


Unit profit = $10

Fixed costs = $200,000

How many units need to be sold to earn an income of $200,000?


40,000 units x $10 = $400,000 - $200,000 = $200,000


40,000 units need to be sold to earn an income of $200,000.

3 0
3 years ago
TUMI brand briefcases are very expensive, high-end briefcases that are generally sold in specialty luggage shops. Which of the f
myrzilka [38]

Answer:

B. Executives

Explanation:

Option E is wrong. Students do not need high-end briefcases for school or other tasks.

Option D is incorrect. Postal workers do not need any expensive briefcases to carry postal service and letters.

Option C is false. Construction workers cannot afford expensive briefcases.

Option A is not correct. Police officers have not necessary to have those briefcases.

Option B is correct. Executives often need high-end briefcases to keep essential things with them. They can also afford expensive bags.

7 0
3 years ago
Using Statement of Cash Flows Information to Assess Company Life-Cycle Stage
yKpoI14uk [10]

Answer:

Explanation:

                     Operating         Investing          Financing     Cycle

                          3751                (2404)               1381          Growth      

                          1102                 2054                (759)          Maturity

                          20                    (480)                 926            Growth

                        (2580)               (4200)              7508           Introduction

                         (409)                 5581                (2356)         Declining

                         2281                 (3451)               1957             Growth  

                         6385                 3272                (1958)         Maturity  

                         (365)                (1678)               (3478)         Declining

In the introduction phase , cash flow from the operating and investing activities are negative as the company generate cash for investment through financing activities for operation

In the growth phase , the activities begin to pay off gradually while investing is still on simultaneously as operating activities generate a positive cash flow  , investing negative and finance positive

In the maturity phase , company start to pay offset debt and buy back the stock as the business appears stable. Operating and financing activities generate a positive cash flow and financing negative.

In declining stage ,sales begin to fall and operating activities nosedive , investing may be positive as assets are being sold off and financing activities negative.

               

5 0
3 years ago
Match the elements of the buying equation theory with their definitions.
frozen [14]

Answer:

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restoration of buying impulse: Reinforcement

strong internal stimulus: Drive

action taken by prospect: Response

Explanation:

5 0
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dmitriy555 [2]

Answer:

It is E

Explanation:

Each different project has different risk profile i.e business risk and finance risk. At such , these risks must be adjusted for to produce project specific cost of capital.

If a company is investing in another line of business with a different risk profile to the existing business, this will have an impact on the WACC to be used to assess the viability of the new project.

Likewise, if the new project is being financed with a mixed of capital different from the current finance structure, such will equally impact on the WACC to be used.

6 0
3 years ago
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