Answer:
FV= $1,259.71
Explanation:
Giving the following information:
Initial deposit (PV)= $1,000
Number of periods (n)= 3 biannual years
Interest rate (i)= 8% = 0.08
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 1,000*(1.08^3)
FV= $1,259.71
This is true.................
Answer:
D.
Explanation:
Due to the fact that the contract would only last 6 months and there's no expected repeat business from the Saudis or any one, the best course of action to take in order to avoid expected labour shortage is to use .
Overtime can be defined as a situation where the hours worked by an employee execeed normally scheduled working hours. In order to meet the 6 months and not cause labour shortage, the company can decide to use it's current workers for overtime and pay them for the overtime.
Answer:
D. $686
Explanation:
Given that
Credit sale = 750
Return = 50
Terms 2/10
Amount received in full therefore,
= [(750 - 50) - (750 - 50 {2%})]
= 700 - (700 × 0.02)
= 700 - 14
= $686
