Answer:
$11,667.91
Explanation:
Let the amount of deposit which needs to be made today is A. We have:
A x 1.04^6 + (A x 1.04^6 x 1.046^5) = 33250
A = $11,667.91
Answer:
b. comparisons between companies with drastically different levels of sales is made easier
Explanation:
- An advantage of the common size income statement is that they help the financial users to understand more clearly interns of the ration or the percentage of each individual item in the economic statements the percentage of the total sales of the company.
Answer:
The interest payable is calculated based on the principal, interest rate, number of years of the loan or of the deposit.
Explanation:
Financial institutions is a company or a firm that deals with financial and monetary activities such as; loans, deposits, investments and currency exchange. Most financial transactions especially loans and savings usually have an interest rate that is set by the financial institution. The amount of interest can be paid by the borrower in a case where an individual takes a loan from the financial institution. Interest can also be paid by the financial institution in a case where the individual or group opens a savings account with the financial institution. In both cases, the interest rate is set by the financial institution. The amount of interest payable can be determined using the formula below;
A=PRT
where;
A=amount of interest payable
P=principle amount. The principal amount can either be the loan amount or the savings deposit amount
R=interest rate
T=number of years
The interest payable is calculated based on the principal, interest rate, number of years of the loan or of the deposit.
The Chester company is likely implementing a strategy called
the niche differentiation. This is the process in which helps a specific
organization or company to coexist by having to use their environment in a
different way in when they are to compete.