Answer:
The correct answer is $23,260.69.
Explanation:
According to the scenario, the given data are as follows:
Payment (pmt ) = $7,000
Time period (n) = 3
Rate of interest (r) = 5.2%
So, we can calculate the future value by using following formula:
FV = Pmt ( 1 + r)^n + Pmt ( 1 + r)^n-1 + Pmt ( 1 + r)^n-2
By putting the value, we get
= $7,000 ( 1 + 0.052)^3 +$7,000 ( 1 + 0.052)^2+$7,000 ( 1+ 0.052)^1
= $23,260.69
hence, The future value after 3 years will be $23,260.69.
Answer:
A) $8,000.
Explanation:
net income = total revenues - total expenses = $12,000 - $4,000 = $8,000
net income is the same as net profit, or the difference between total revenue minus total expenses (including cost of goods sold, general and administrative expenses, operating expenses, depreciation, etc.)
The current account is used to mark the inflow and outflow of goods and services
Saves more than it spends.
Answer:
a lower price than planned was paid for materials
Explanation:
Direct material price variance is the difference between actual cost and standard cost.
Price variance is favourable when actual cost is less than standard cost. That is, when a lower price than planned was paid for materials.
Price variance is unfavourable when actual cost is greater than standard cost. This is, a higher price than planned was paid for materials.
I hope my answer helps you.
