Demand curves slope___ because as prices increase and other things remain

Clarissa want to fund a growing perpetuity that will pay $5000 per year to a local museum starting next year. she wants the annu

Akimi4 [234]

Answer:

Clarissa needs to fund the growing perpetuity by $166666.67

Explanation:

A perpetuity is an investment that will give a future series of infinite payments so if the perpetuity gives you a periodic growth rate then you find the difference between the interest rate and the growth rate then use the perpetuity formula which is:

Pv = C/(i-g)

where Pv is the present value of the perpetuity which will be the initial investment.

C is the periodic payments that will be received in future in this case $5000

i is the interest rate given for the perpetuity which is 8%

g is the growth rate per fixed period which is 5%

thereafter we substitute on the above mentioned formula:

Pv= $5000/(8%-5%) then compute

Pv = $166666.67 which will be the initial investment for Clarissa to be paid $5000 per year until she dies.

3 0

3 years ago

On January 15, 2021, Concord Company received a two-month, 6%, $8300 note from William Pentel for the settlement of his open acc

olganol [36]

$10500.

What is credit and debit?

Events known as business transactions have a financial influence on an organization's financial statements. We enter the figures in two accounts, with the debit column on the left and the credit column on the right, to account for these transactions.

Debit

An accounting debit is an addition to an asset or cost account or a subtraction from a liability or equity account. In an accounting entry, it is placed to the left.

Credit

A credit is an accounting item that either raises or lowers an asset or cost account. It can also increase or decrease a liability or equity account. In an accounting entry, it is placed to the right.

Learn more about credit and debit with the help of given link:-

brainly.com/question/27917616

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4 0

2 years ago

Anne and Bill are two of the most effective salespeople at XYZ Corporation in terms of average revenue per customer. Bill tends

sammy [17]

Although upselling and cross-selling are effective with existing customers, cross-selling is more likely than upselling to A. improve customer retention rate.

<h3>What is customer retention?</h3>

Customer retention refers to the ability of an organization or marketer to achieve customer loyalty over time.

When a customer is retained, there is always increased revenue from repeat purchases.

Customer retention increases brand loyalty.

Question Completion with Answer Options:

A. improve customer retention rate.

B. satisfy customer needs

C. provide the information necessary to diagnose reasons for customer defection.

D. increase customer profitability.

Thus, although upselling and cross-selling are effective with existing customers, cross-selling is more likely than upselling to A. improve customer retention rate.

Learn more about customer retention at brainly.com/question/11621168

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6 0

2 years ago

What is important to remember when cutting curly hair

astraxan [27]

It's important that when you're going to cut it, you stretch it so that you cut the right amount and look like the hair

6 0

3 years ago

Customer A. Smith owed Stonebridge Electronics $325. On April 27, 2016, Stonebridge determined this account receivable to be unc

Kitty [74]

Answer:

A Journal was prepared for the receivable bad debt of a customer that owned stone bridge Electronics which us shown below

Explanation:

Solution

The first step to take in this case is to Nationalize the transaction to be recorded for the month of July 15, 2016.

A JOURNAL ENTRY FOR RECEIVABLE BAD DEBT OF $325

Particulars Debit Credit

July 15, 2016 Cash Account $325

To Bad Debt Expense $325

Note: The cash and bad debt expense are both recorded on credit and debit side of the Journal

6 0

3 years ago