Answer:
$ 11,250
Explanation:
Given data:
General and administrative expenses
Administrative salaries = $ 6,000
Other cash administrative expenses = $ 3,400
Depreciation expense on the administrative equipment = $ 1,850
monthly interest on an outstanding bank loan = 5 % of $20,00
Now,
the total expenses will be calculated as the sum of all the General and administrative expenses
i.e
Administrative salaries + Other cash administrative expenses + Depreciation expense on the administrative equipment
thus,
$ 6,000 + $ 3,400 + $ 1,850
= $ 11,250
Answer:
In both cases you will reach $1 million in savings
Explanation:
Giving the following information:
Suppose your goal is to save $1 million by the age of 60.
1) What amount of money will be saved by socking away $11,793 per year starting at age 29 with a 6% annual interest rate?
We need to use the final value formula with an annual deposit:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {11793*[(1.06^31)-1]}/0.06= $1,000,066.18
2)What amount of money will be saved by socking away $27,186 per year starting at age 40 at the same interest rate?
FV= {27186*[(1.06^20)-1]}/0.06
FV= $1,000,053.1
<span>The price elasticity of demand measures the percentage change in quantity demanded that results from a percentage change in price.
By using this formula you are able to see the response and change in demand, good or bad, when nothing besides the price changes. By measuring this companies can see how many items will sell based on price and if they can lower or raise it depending on demand.
</span>
Answer:
B) examining details and enforcing rules
Explanation:
The financial controllers are responsible for establishing the procedures for securing the internal controls of the company
Answer: will increase but this will not affect living standards
Explanation:
GDP is sometimes called an incomplete measure because there are certain measures that it does not include such as the black market.
If firms in the black market shift to the formal sector, they will now be included in GDP which means that GDP will increase.
The living standards of people in the country will probably not change however because the firms involved were simply shifting sectors and are not said to be more or less prosperous as a result. Assuming they remained the same, nothing changes for living standards.