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Leviafan [203]
4 years ago
5

What is the future value of 25 periodic payments of $5,440 each made at the beginning of each period and compounded at 8%? (Roun

d factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Business
1 answer:
artcher [175]4 years ago
4 0

Answer:

Explanation:

We would plug the following values in a financial calculator in order to compute the future value,

N = 25

I/Y = = r = 8

PMT = 5440

PV = 0

Fv = ??

FV =  PMT x (1 + r )(  \frac{(1+r)^{N} -1}{r} )

https://www.calculator.net/finance-calculator.html?ctype=endamount&ctargetamountv=1000000&cyearsv=25&cstartingprinciplev=0&cinterestratev=8&ccontributeamountv=5440&ciadditionat1=beginning&printit=0&x=0&y=0

^ Using the financial calculator, FV = $429,512

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Simon Company's year-end balance sheets follow.
Arturiano [62]

Answer:

2017 Days' Sales Uncollected 49.37 days

2016 Days' Sales Uncollected 49.10 days

Explanation:

Computation for days' sales uncollected

Using this formula

Days' Sales Uncollected=Average receivables / Credit sales x 365 days

Let plug in the formula

2017 Days' Sales Uncollected= $76,450 / $565,219 x 365

2017 Days' Sales Uncollected= 49.37 days

[($89,900+$63,000)/2=$76,450]

2016 Days' Sales Uncollected= $60,000 / $446,029 x 365 days

2016 Days' Sales Uncollected= 49.10 days

[($63,000+$57,000)/2=$60,000]

Therefore 2017 Days' Sales Uncollected will be 49.37 days and 2016 Days' Sales Uncollected will be 49.10 days

4 0
3 years ago
Answer the question using the accompanying cost ratios for two products, fish (f) and chicken (c), in countries singsong and har
photoshop1234 [79]

Answer:

a. harmony will produce chicken and singsong will catch fish.

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.

In singsong: 1f = 2c

The opportunity cost of producing 1 fish = 2c / 1 = 2c

The opportunity cost of producing 1 chicken = 1f / 2 = 0.5f

In harmony: 1f = 4c

The opportunity cost of producing 1 fish = 4c / 1 = 4c

The opportunity cost of producing 1 chicken = 1f / 4 = 0.25f

It can be seen that singsong has a lower opportunity cost in producing fish, so it should specialise in fish.

Harmony has a comparative advantage in producing chicken, so it should specialise in chicken.

I hope my answer helps you

5 0
3 years ago
As the price of a resource decreases, _____. a. the supply of that resource increases b. producers are more willing and able to
solmaris [256]

Answer:

b. producers are more willing and able to hire that resource

Explanation:

In production resources are defines as various inputs in the production process of a product.

It contributes to the final product that a consumer buys and they have their various costs which are used to obtain their use.

So when the price of a resource decreases, it means that the cost of production also decreases.

There is now more outlay of cash that can be used hire that resource.

Producers are able to produce more of the final product so supply increases.

6 0
3 years ago
Many tax professionals and advisors recommend adjusting your W-4 allowances so that...
Lyrx [107]
Many tax professionals and advisors recommend adjusting your W4 allowance so that YOUR TAX PAYMENT WILL EXACTLY MATCH YOUR TAX LIABILITY.
The W4 form is used to claim allowances which one is entitled to. The number of allowance which one claims depends on one's status. Most people under pay or over pay their tax payment as a result of the number of claims that they make. Experts suggest that individuals should adjust their W4 allowance in such a way that over payment and under payment of tax will be avoided.
6 0
4 years ago
Read 2 more answers
What is an opportunity cost of saving for the future?
LuckyWell [14K]

Answer:

The biggest opportunity cost regarding liquidity has to do with the chance that you could miss out on a prime investment opportunity in the future becse you can't get your hands on your money that's tied up in another investments.

Explanation

4 0
3 years ago
Read 2 more answers
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