The current value of the payment which is $1000 will be:
A=P(1+r/100)^-n
P=1000
r=5 %
n=1
A=1000(1+5/100)^-1
A=1000/1.05
A=$952.38
The first payments of $1000 is worth $952.38 today. The value of the second $1000 is worth:
A=1000(1+0.05)^-2=907.02
today
Answer:
Fixed Time Period Model
Explanation:
a fixed time period model ensures that level of inventory is checked regularly for all items. therefore from the question, if the vending company checks each machine and fills it with various product the inventory method is <u>Fixed Time Period Model</u><u>.</u>
Answer:
The correct answer is A.
Explanation:
Giving the following information:
On October 1, 2014, Mann Company places a new asset into service. The cost of the asset is $80,000 with an estimated 5-year life and $20,000 salvage value at the end of its useful life.
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= 60,000/5=12,000
3 months depreciation= 12,000/12*3= 3,000
The retail executive who oversees a group of buyers and is responsible for the trading activities of the relevant sales department or division group is the General Merchandise Manager (GMM).
Retail is a commercial activity that involves selling goods or offering services directly to final consumers. Goods purchased from retail businesses will be used by consumers for personal consumption or for family and household purposes, not for resale.
Also known as retail business, retail acts as a marketing intermediary that connects major producers or large wholesalers with consumers who buy in small quantities or in units. After purchasing a number of goods from a larger group of businesses, the retailer or retailer will resell the goods by setting a certain additional price to make a profit.
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Answer:
False
Explanation:
An economic agent should specialise in the production of the good for which it has a comparative advantage in its production.
An economic agent has a comparative advantage in production if it produces at a lower opportunity cost when compared with other economic agents.
Anne's opportunity cost in pie production = 4/3=1.33
Anne's opportunity cost in shirt production = 3/4 = 0.75
Mary's opportunity cost in pie production = 5/2 = 2.5
Mary's opportunity cost in shirt production = 2/5 = 0.4
Anne has a comparative advantage in the production of pies and Mary has a comparative advantage in the production of shirts.
Anne should specialise in pie production and Mary should specialise in shirt production.
I hope my answer helps you
