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Creation and execution of goals by the management team, defined by available resources and existing conditions in and out of the company.
Answer:
$16,000
Explanation:
Data provided
Ending cash balance = $72,000
Beginning cash balance = $51,000
Cash receipts = $135,000
Cash disbursements = $130,000
The computation of cash borrowing is shown below:-
Ending cash balance = Beginning cash balance + Cash receipts - Cash disbursements + Cash borrowings
$72,000 = $51,000 + $135,000 - $130,000 + Cash borrowings
Cash borrowings = - $72,000 + $51,000 + $135,000 - $130,000
= $186,000 - $202,000
= $16,000
“Industrial goods are materials used in the production of other goods.” “Consumer goods are finished products that are sold to and used by consumers”
LINK TO WHERE I FOUND THAT INFO:
https://www.investopedia.com/ask/answers/050415/how-are-industrial-goods-different-consumer-goods.asp
Hope that helped have a great day! :)
Given:
tuition: 180,000 per year
period to save: 18 years
annual rate of return : 6%
FV = PV * (1+r)^t
180,000 = PV * (1 + 0.06)¹⁸
180,000 = PV * (1.06)¹⁸
PV = 180,000 / (1.06)¹⁸ = 180,000 / 2.854 = 63,069.38
Jack and Jill will have to invest 63,069.38 in the first year to have a total of 180,000 after 18 years.
Using Future Value Annuity formula:
FV of Annuity = P [{(1+r)^n - 1} / r]
180,000 = P [{(1.06)¹⁸ - 1} / 0.06]
180,000 = P (30.906)
P = 180,000 / 30.906
P = 5,824.11
Jack and Jill will have to deposit 5,824.11 every end of the year for the total to reach 180,000 after 18 years.
