Answer:
The answer is $252415.91
Explanation:
Solution
Now
A step bu step solution is provided below in showing the present value of the savings
Given that:
Year Annual Revenues Calculations Present value
1 $47000 $47000 / (1.071)^1 $43884.22
2
$47000 $47000 / (1.071)^2 $40975
3 $47000 $47000 / (1.071)^3 $38258.63
4 $47000 $47000 / (1.071)^4 $35722.35
5 $47000 $47000 / (1.071)^5 $33354.2
6 $47000 $47000 / (1.071)^6 $31143.04
7 $47000 $47000 / (1.071)^7 $29078.47
Total present value $252415.91
Hence the current or present value of the savings is $252415.91
Answer:
d) All of the above
Explanation:
Leadership can be defined as a process which typically involves motivating, encouraging and inspiring employees working under an individual to be innovative and create positive changes that will foster growth and enhance the success of a group, business firm, state, or country in the future.
A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her. Some types of power expressed by leaders are referent power, legitimate power, coercive power, etc.
Generally, leaders use their powers to get other people to follow them.
In conclusion, all of the aforementioned characteristics are possessed by the new breed of global leaders across the world.
Answer:
The correct answer is housing.
Explanation:
A family spends 35 percent of its income on housing, 20 percent on travel-related expenses, 10 percent on utilities, 25 percent on health care, and 5 percent on miscellaneous items.
The item which has the largest share in the budget will be most responsive to change in the price. In other words, we can say that the item that has the largest share in the budget will be most price elastic.
This is because a change in the price of such a product will cause a significant impact on the consumer's budget.
Here, housing has the highest share i.e. 35% in the budget so it will be most price elastic.
Answer:
Approximately 71 .11 months
Explanation:
This is a Future Value question. However we are solving for the Number of periods to determine how long it would take Joan to accumulate $3688.
Interest compounded monthly means Joan will be paid interest on her deposit on an annual basis prorated. she gets to earn interest on the accumulation of interest + principal monthly.
The formular for calculating Future Value is
FV = PV ( 1 + R )ⁿ
Our R which is the Rate(5%) will be adjusted to 12 months. =
However we need to solve for the N since we already have our FV. Therefore the revised formular is :
Continuing with the formular
Which is equals to 71.11 months approximately 6 years.
