Answer:
$10,904.84
Explanation:
According to the scenario, computation of the given data are as follow:-
Year Deposit amount ($) At 9% for 3 years Future value of deposits ($)
1 $1,500 (1.09)^3 = 1.295029 $1,942.54
2 $3,000 (1.09)^2 = 1.1881 $3,564.3
3 $2,200 (1.09)^1 = 1.09 $2,398
4 $3,000 1 $3,000
Total $10,904.84
Future value = cash flow × (1 + interest rate)^number of years
When the amount of $10,904.84 is available, I buy the car.
Answer:
True
Explanation:
Excess cash is a term used in the for the residual cash flow of operation. It is calculated after adding the non cash expenses in the net income of the company and deducting all the capital expenditures. This is the cash balance which is available for the reinvestment purpose and for distribution to the stockholders. This cash can also be used to reduce the gearing of the company and there is a cost attached to it if used for payment of loan, which is the rate or return from the reinvestment of these cash flows.
Answer:
The correct answer is E
Explanation:
Consumer behavior is the term which is defined as the study of how the individual consumers, organization or the groups use, dispose, select and buy the goods and the services in order to satisfy the wants and the desires.
In short, it refers to the consumers actions in the market place and the motives or the goals for those actions.
Therefore, the correct answer is the consumer behavior.
Answer:
While Sony and Microsoft focused on the graphics and raw processing power favored by hard-core male gamers, Nintendo chose to develop a machine to appeal to families, women, and age groups that normally shunned violent games.
The strategy adopted by Nintendo in this example is the _____ strategy.
C) blue ocean
Explanation:
Blue ocean is a strategy that says innovation, simultaneous pursuit, and low cost are key concepts to achieve a successful business and establish an advantage in the market. It is a very proactive system that allows the constant improvement, elimination, reduction, and creation of corporate actions. It is a global and general perspective that allows the management team to know the state of the company at any time.
Answer:
Explanation:
The preparation of the statement of retained earnings for Amos Company is shown below:
Retained earnings at December 31, 2018 (before discovery of error) $858,000
Less: Depreciation expense two years ago -$45,600
Add: net income $209,000
Less: Cash dividends declared and paid during the year -$11,000
Retained earnings at December 31, 2019 $1,010,400
