Answer:
$1,107,793.41
Explanation:
The value of the payment today can be ascertained using the present value of an annuity due formula since the first payment is immediate as shown thus:
PV=monthly payment*(1-(1+r)^-n/r*(1+r)
monthly payment=$12,500
r=monthly interest rate=6.48%/12=0.0054
n=number of monthly payments in 10 year=10*12=120
PV=$12,500*(1-(1+0.0054)^-120/0.0054*(1+0.0054)
PV=$12,500*(1-(1.0054)^-120/0.0054*(1.0054)
PV=$12,500*(1-0.524003627
)/0.0054*1.0054
PV=$12,500*0.475996373
/0.0054*1.0054
PV=$1,107,793.41
<span>When there is excess supply of a market product in a market what will happen?
</span>Disequilibrium
Answer:
Feb. 1 DR Cash $400,000
CR Tax anticipation notes $400,000
Dec 31 DR Expenditures - Interest $3,666.67
CR Accrued Interest Payable $3,666.67
Working
February to December = 11 months
Interest = 400,000 * 1.0% * 11/12 months = $3,666.67
April 1 DR Investments $100,000
CR Cash $100,000
Sept. 30 DR Cash $50,200
CR Investments $50,000
Interest Income $200
Working
Interest Income = 50,000 * 0.8% * 6/12 months
= $200
Answer:
Marketing assessment
Explanation:
Marketing assessment is the best process you can use to make a business successful in the long run because marketing assessment is the comprehensive assessment of all the potential and risks involved in a new or existing business idea or project that is to be undertaken by a business entity.
In marketing assessment the effects of external barriers like environmental forces, market trends, competition in the market, taxes involved in the running of the business and even the resources to make the business flourish is comprehensively covered in details.
Financial Management is part of the whole process and not the process of making a business successful on its own.
