Which of the following is an example of an
2 answers:
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Answer: $93,088
Explanation:
Rate is compounded monthly which makes it:
= 8% / 12
= 0.6667%
= 0.006667
The payment of $20,156 is to increase yearly at a rate of 5%. Payments are at the beginning of the period so the first payment does not have to be discounted.
= $93,088
Answer:
Explanation:
1. Please refer to the attached file.
2. The vertical analysis indicates that the costs other than selling expenses (cost of goods sold and administrative expenses) decreased as a percentage of sales. As a result: net income as a percentage of sales increased by 2.5 percentage points. The sales promotion campaign appears to have been increased. While selling expenses as a percent of sales increased slightly, the decreased cost was more than made up for by increased sales.
