Answer:
$141.80
Explanation:
Calculation for the difference in the present value of these two sets of payments
First step is to calculate for the PVA Due
PVA Due = $450 × [(1 - {1 / [1 + (.095 / 12)]^(4 × 12)}) / (.095 / 12)] × [1 + (.095 / 12)]
PVA Due = $18,053.58
Second step is to find the PVA
PVA = $450 × [(1 - {1 / [1 + (.095 / 12)]^(4 × 12)}) / (.095 / 12)]
PVA= $17,911.78
Since we have know both the PVA Due and the PVA the last step will be to know the difference between the both sets of payments using this formula
Difference= PVA Due - PVA
Difference = $18,053.58 - 17,911.78
Difference= $141.80
Therefore the difference in the present value of these two sets of payments will be $141.80
A cover letter is the professional communication .
Answer: Greece; Sweden
Explanation:
A country or a firm has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower in that country or firm as compared to the other country or firm.
Greece's opportunity cost of producing a pane of stained glass = 4 barrels of oil
Sweden's opportunity cost of producing a pane of stained glass = 8 barrels of oil
Therefore, opportunity cost of producing a pane of stained glass is lower in Greece as compared to the Sweden.
Hence, Greece has a comparative advantage in producing stained glass.
Greece's opportunity cost of producing a barrel of oil = 
= 0.25 pane of stained glass
Sweden's opportunity cost of producing a barrel of oil = 
= 0.125 pane of Stained glass
Therefore, opportunity cost of producing a barrel of oil is lower in Sweden as compared to the Greece.
Hence, Sweden has a comparative advantage in producing Oil.
Answer:The minimum number of bonds it must sell to raise the money it needs will be 73,242 bonds
Explanation:
Number of bonds = Amount need to expand business / Bond price
But
Bond price = $1,000 / [1 + (0.0575 / 2)^(15 × 2)
Bond price = $1,000 / 1.02875 ^ 30
Bond price = $1,000 /2.340
Bond price = $427.350
Therefore the Number of bonds = $31, 300,000 / $427.350
Number of bonds= 73,242 bonds
The minimum number of bonds it must sell to raise the money it needs will be 73,242 bonds
Answer:
14.7%
Explanation:
The computation of return on investment is shown below:
Return on Investment = Net Income ÷ Average total assets × 100
where,
Net Income is
= Sales - Cost of goods sold - Operating expense
= $4,525,000 - $2,550,000 - $1,372,000
= $603,000
And,
Average total assets = $4,100,000
So,
Return on Investment is
= $603,000 ÷ $4,100,000 × 100
= 14.7%
