Answer:
PV= $9,355.78
Explanation:
Giving the following information:
If $ 9,000 is invested in a certain business at the start of the year, the investor will receive $ 2,700 at the end of each of the next four years.
Interest rate= 6%.
First, we need to find the final value
FV= {A*[(1+i)^n-1]}/i
A= payment
FV= {2,700*[(1.06^4)-1]}/0.06= 11,811.46
Now, we calculate the present value:
PV= FV/(1+i)^n
PV= 11,811.46/1.06^4= $9,355.78
Answer:
D) Expected purchase price of each product.
Explanation:
According to my research a "Sales Budget" is a companies estimation of sales for any given financial period of the year. This being the case we can say that the item that is NOT needed would be the expected purchase price of each product. This is because they already have the overall expenses for that period, and in a sales budget they just need to calculate the selling price and units expected to sell in order to estimate the profit.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
Eh easy aall you have to do is pay 4,305 dolllars
Explanation:
Answer:
b. $72,000
Explanation:
Retained EarningEnding Balance = Opening Balance of retained earning + net income - Dividend Declared
Retained EarningEnding Balance = $44,000 + $48,000 - $20,000
Retained EarningEnding Balance = $44,000 + $48,000 - $20,000
Retained EarningEnding Balance = $72,000
The issue of common stock will not effect retained earning account balance It will be credited to common stock account and add-in-capital common stock account.
Answer:
Single premium whole life insurance
Explanation:
<u>Single premium whole life insurance</u> is the most suitable sort of life plan that accommodates someone who retires in good fitness with a huge amount of money, whose financing purposes remain conventional. Single-Premium Whole Life (SPL) is a sort of life assurance in which a big amount of money is spent toward the protection plan in replacement for a death advantage that is completely promised to remain paid-up continuously till thou die.
