Answer:
Final value= $28,772.33
Explanation:
Giving the following information:
$1800 per quarter for 7 years.
Number of years= 7
Annual interes= 12% compounded monthly
We need to use the following formula to calculate the final value:
FV= {A*[(1+i)^n-1]}/i
A= semestral deposit= 1,800
n= 7*2= 14
i= {1+(0.12/12)^2} - 1= 0.0201
FV= {1,800*[(1.0201^14)-1]}/0.0201= $28,772.33
The question is asking to state how unemployment can be a challenge to social responsibility, base on my research, <span>Unemployment, poverty and human rights are obstacles in the formation of social responsibility. This greatly prevents a person to be able to develop social responsibility. Having a job teaches a person the value of responsibility. </span>
Answer:
There is no general rule for when an account becomes uncollectible.
Explanation:
An account becomes uncollectible when an account receivable is written-off due to different situations, which means that there is no general rule for when an account becomes uncollectible.
For example, an account can become uncollectible if the debtor becomes unsolvent. It can also become uncollectible if the firm is victim of fraud, or if the firm itself decides to write-off the account due to company policy.
Answer:
The store should order 60 calculators, 12 times per year to minimize inventory cost.
Explanation:
Given that;
Annual demand = 720 calculators
Holding cost (Storage cost) (H) = $2 per calculator
Ordering cost (D) = $5
Economic order quantity (EOQ)
= √ 2 × A × D / H
= √ (2 × 720 × $5) / $2
= √ $7,200 / $2
= √ 3,600
= 60 calculators
Number of orders per year
= Annual demand ÷ EOQ
= 720 ÷ 60
= 12 times
Therefore, the store should order 60 calculators 12 times per year to minimize inventory cost.
A regressive tax is <span>a tax in which the percentage paid decreases as income increases.</span>