Answer:
$164.29
Explanation:
The formula to compute the markup percentage is shown below:
Markup percentage = (Sale price - purchase price) ÷ (purchase price)
where,
Markup percentage is 40%
Sale price is $230
So, the purchase price is
0.40 = ($230 - purchase price) ÷ (purchase price)
0.40 × purchase price = $230 - purchase price
So, the purchase price is
= $230 ÷ 1.40
= $164.29
The amount that must be put aside now is $458,796.85.
<h3>How much should be put aside now?</h3>
The first step is to determine the future value of the annuity:
Future value = yearly payment x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 6%
- n = number of years = 20
$40,000 x [(1.06^20) - 1] / 0.06 = $1,471,423.65
Now, determine the present value of this amount: $1,471,423.65 / (1.06^20) =$458,796.85
To learn more about present value, please check: brainly.com/question/26537392
If using insider information "happens all the time," as Sue told Lauren, it is likely that the company lacks a strong ethical climate. The ethical climate refers to the moral atmosphere within a work place. The ethical climate takes the values, decisions and choices into consideration and the ultimately what decision was made. The commend "it happens all the time" shows that even though there are other options to be made, the better options are less likely to be chosen.
Answer:
Country A to specialize in growing com while Country B specializes in making cars.
Explanation:
The idea is to make trade efficient for both countries if is too expensive to produce cars for country A as it is an agricultural country the most smart solution is to specialize in commerce and let the production of cars to country B.
