Answer:
Future Value =$62,367.85
Explanation:
<em>The rate of return earned on the investment can be worked out using the Future value of a lump sum formula. The future value of a lump sum is the amount lump would amount to if interest is earned and compounded at a certain interest rate.
</em>
The formula is FV = PV × (1+r)^(n)
PV = Present Value- 30,000
FV - Future Value, - ?
n- number of years- 15
r- interest rate - 5%
Future Value = 30,000× 1.05^15 =62,367.85
Future Value =$62,367.85
Answer:
The correct solution to either the following question seems to be Option E (Coca-Cola as a substitute for Pepsi
).
Explanation:
- A substitute product seems to be a product of some other sector that offers integrated values to the customer as the commodity manufactured by organizations in the same organization.
- These goods are alternatives because they meet identical market requirements and have substantial demand elasticity. Of example, the price of Pepsi seems to have a strong connection with the market of Coke.
Other possibilities aren't related to something like the scenario in question. And the latter reaction is the correct one.
Answer
A, $23196
Explanation:
The cost of goods sold is the difference between the sales and the gross profit amount. We normally calculate Gross profit by deducting Cost of goods sold from the sales amount. However, in this case we will do the reverse working and deduct Gross profit from sales revenue to arrive at cost of goods sold.
Sales - Gross profit = Cost of goods sold
59387 - 36191 = $23196