Answer:
Total value of the investment= $57,320.73
Explanation:
<u>First, we need to calculate the future value of the first part of the investment. We will calculate the future value for the monthly deposit for five years and then the lump sum for another five years.</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
i= 0.04/12= 0.003333
n= 5*12= 60 months
FV= {322*[(1.003333^60) - 1]} / 0.003333
FV= $21,348.05
<u>For the lump sum:</u>
FV= PV*(1+i)^n
n= 12*5= 60
i= 0.05/12= 0.004167
FV= 21,348.05*(1.004167^60)
FV= $27,397.75
<u>Now, the future value of the second part of the investment:</u>
<u></u>
n= 60
i= 0.0041667
A= 440
FV= {440*[(1.004167^60) - 1]} / 0.004167
FV= $29,922.98
Total value of the investment= 27,397.75 + 29,922.98
Total value of the investment= $57,320.73
Answer:
The total amount that Louies spends on advertising=$13,650
Explanation:
To calculate the total amount Louies sporting goods spends on advertising, we express the total expenditure as follows;
Total expenditure=Cost per day×number of days
Cost per day=cost per spot×number of spots in a day
Cost per day=(650×3)=$1,950
Number of days in a week=7 days
replacing;
Total expenditure=Cost per day×number of days
Total expenditure=(1,950×7)
Total expenditure=$13,650
The total amount that Louies spends on advertising=$13,650
Answer:
Option (d) is correct.
Explanation:
Given that,
Sales = $ 413,000
Cost of goods sold (all variable) = $ 169,100
Total variable selling expense = $ 20,700
Total fixed selling expense = $ 17,900
Total variable administrative expense = $ 13,100
Total fixed administrative expense = $ 30,400
Gross margin:
= Sales - Cost of goods sold
= $ 413,000 - $ 169,100
= $243,900
The direct write-off method involves writing off a bad debt expense directly against the corresponding receivable account.
What is direct write-off method?
Bad debts can be accounted for in one of two ways: directly or indirectly. Bad debts are only recorded once it is determined that they cannot be recovered. In other words, when it is established beyond a reasonable doubt that the debt cannot be collected, a business will merely declare the bad debt charge and reduce its accounts receivable.
Due to the fact that the direct write-off method frequently records bad debt in a period other than the period in which the transaction was recorded. As a result, it frequently fails to align costs with income.
Many small businesses employ the direct write-off approach, which doesn't call for audited financial records, to record uncollectible accounts.
To know more about direct write-off method refer:
brainly.com/question/15733967
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