Answer:
Value of scholarship today = $30,484.90
Explanation:
The value of the Scholarship is the present value of the annual payment of $9,000 discounted as the annual interest rate of 7% per annum.
This can be computed using the formula below
Present Value = Annual cash flow × (1- (1+r)^(-n)/r)
n -number of years, r-interest rate
rate r- 7%, n=4, Annual cash flow = 9,000
Present Value = 9,000× (1-1.07^-4)/0.07
= 9,000× 3.3872
= $30,484.90
Value of scholarship today = $30,484.90
Answer:
a) 6 dollar per ticked
b) from 25 to 35 the young adult will be charged with a higher price whilethe other groups, elderly, teenagers and children with a minimum price of 6
Explanation:
Erin $ 6 9
Grace $ 9 14
David $ 7 16
Charlie $ 6 45
Allison $ 8 66
<em>Franco $ 10 28</em>
<em>Becky $ 11 34</em>
a) the max revenue comes from charging 6 dollar per ticket:
7 people x 6 dollar = 42 dollars
if we charge more like seven dollar then, we lose two customer and we don't make up for that lose:
5 people x 7 dollars = 35 dollars
b) the young-adult group will be the target to price discrimination they will be charged with 10 dollars if the cinema could do it.
Answer:
The price of this car=$13,015.925
Explanation:
Given data:
Amount each year=$2,500
Time period=7 years
interest rate=8%
Required:
The price of this car=?
Solution:
The Formula we are going to use is:
Where:
PV is the price of car i.e present value
A is the payment made each year
n is the time period in which payments are paid
r is the interest rate
A=$2,500, r=8%=0.08, n=7
The price of this car=$13,015.925
Explanation:
Training is an activity leading to skilled behavior, the process of teaching employees the basic skills they need to perform their jobs. ... So, Training is a social and continuous process of increasing skills, knowledge, attitudes and efficiency of employees for getting better performance in the organization.
