The future value of the account after 35 years is $511,914. 48.
The payment Marnie is making is known as an ordinary annuity. An ordinary annuity is when a fixed payment is made at the end of a period at regular intervals for a period of time.
Future value = annual payments x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Annuity factor = [(1.056)^35 - 1] / 0.056 = 102.382897
Future value = $5000 x 102.382897 = $511,914. 48
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Answer:
Reduce
Explanation:
The answer is that Berryhill chose to reduce the risk of being crippled by computer virus. A risk refers to the potential of having a situation that can cause a negative effect or the loss of something important. In this case, Berryhill reduced the risk because the company was worried that a computer virus would affect the operation and they decided to minimize this danger by installing an anti-virus and building a firewall.
Answer:
d. $704,000
Explanation:
The computation of the cash payment for merchandise is shown below:
= Opening balance of accounts payable + purchase made - closing balance of accounts payable
where,
Purchase = Cost of goods sold + closing balance of inventory - opening balance of inventory
= $720,000 + $188,000 - $200,000
= $708,000
The other items values would remain the same
Now put these values to the above formula
So, the value would equal to
= $80,000 + $708,000 - $84,000
= $704,000
Answer:
What problem are you solving?
Is there a true need? Or will you need to differentiate yourself?
Why is the problem important?
What is your solution?
Desire, Ability, and Willingness.
Desire- do people want to buy the product?
Ability- are they able to buy it? (do they have enough money, etc)
Willingness- are people willing to buy this product instead of something else?
