Answer:
FV = PV (1 + r) ^ n and $815.61
Explanation:
The amount of cash which will have accrued by a given date resulting from earlier single sum or period investments is known as the Future Value (FV) and represented by the following function :
FV = PV (1 + r) ^ n
where,
PV = Principle amount
r = interest rate
n = number of periods for which investment is to receive interest
Using the Function we can determine the amount Michael have in his account after 6 years :
FV = PV (1 + r) ^ n
= $600 x (1.0525) ^6
= $815.61
Answer:
The answers are:
A) 4.23 years
B) 1.08 years
C) Off course I would recommend Dave and Ellen to install these safety items, not only because they save money but also because they are very useful.
Explanation:
The cost of the deadlocks including installation is $110 for each exterior door ($220 total). The cost for installing smoke detectors is $24 for each floor ($48 total).
The discount that Dave and Ellen can get is
- $52 per year for installing the deadlocks
- $26 per year for installing the smoke detectors
A) It will take Dave and Ellen 4.23 years ($220/$52) to recover the money spent on the deadlocks.
B) It will take Dave and Ellen 1.08 years ("26/$24) to recover the money spent on the smoke detectors.
Answer:
<em>Segmentation</em>
Explanation:
Market segmentation <em>is the method of separating into factions or parts a market of potential customers based on the various features.</em>
The divisions produced are made up of customers who react to marketing campaigns in a similar manner and share characteristics such as similar tastes, preferences, or locations.
Answer:
The correct answer is option (A) . Objectivity is not one of the ethical standards included in the Institute of Management Accountants (IMA) Statement of Ethical Professional Practice.
Explanation:
The Institute of Management Accountants (IMA) Statement of Ethical Professional Practice are integrity, competence, credibility and confidence.
<u>Integrity.</u> Management accountants are also required to uphold very high levels of integrity. The ethical standards therefore require them to avoid any conduct that would prejudice carrying out duties ethically.They are also required to contribute to a positive ethical culture by shunning any activity that might discredit the profession.
<u>Competence.</u> As a measure of ensuring high competency levels,the Institute of Management Accountants (IMA) requires management accountants to sustain a high degree of professional expertise.They urge management accountants to consistently expand their knowledge and skills.
<u>Credibility.</u> The ethical standards championed by the Institute of Management Accountants (IMA) also emphasizes a high level of credibility. It asserts that management accountants should communicate information fairly and objectively, providing all relevant information that could reasonably be expected to influence judgment.
<u>Confidentiality.</u> All management accountants are required to retain a high level of confidentiality.The ethical standards prescribes that all information obtained while performing their tasks should be kept confidential except when disclosure is authorized or legally required. Additionally, confidential information should not be used for unethical or illegal advantage.
Answer:
This would harm the union and favor Friendly Airlines because the real wage increase would now be low.
Explanation:
With an increase in inflation more than was expected, it will be bad for the union but will be good for Friendly Airline because the higher the rate of inflation, the lower the real wages. The implication of this is that Friendly Airline can afford to increase its fare because of the high inflation rates, and due to inflation the union will not have any increase in wages.