Answer:
PV= $10,030.27
Explanation:
Giving the following information:
Cash flow= $2,500
Lump sum= $4,000
i= 9%
n= 5
<u>First, we need to calculate the future value of the cash flows:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual cash flow
FV= {2,500*[(1.09^4) - 1]} / 0.09
FV= 11,432.82
<u>Now, the total future value:</u>
FV= 11,432.82 + 4,000= 15,432.82
<u>Finally, the present value:</u>
PV= FV/(1+i)^n
PV= 15,432.82/1.09^5
PV= $10,030.27
Answer:
Explanation:
Opening units 30000
Started 120000
150000
Closing 20000
Transffered 130000
Production Table W.Avg Method
A B C=A+B
Cost Element Complete Closing WIP Equivellant production
units
Material 130,000 20,000 (100%) 150,000
Coversion Cost 130,000 10,000 (50%) 140,000
Answer:
This is a part of my Economic Resources doc and I'm not sure about the second part of the question but I hope it helps!
Explanation:
Economic Resources
For a firm (producer) to make any product, it needs to use ECONOMIC RESOURCES. These are INPUTS to be used together or combined efficiently to produce goods/services.
What you need to know:
What is a PRODUCER?
a person, franchise, brand or country etc. that makes, grows, or produces goods and services for sale to customers or consumers.
What is a RESOURCE?
a stock or supply of goods, materials, and products that can be bought by a person or organization in order to function effectively.
What is an ECONOMIC resource?
Natural supplies that can be used to make a product. It is important for the success of the company.
Classification of Economic Resources:
Natural resources (LAND)
Natural resources are ones who are not man made and are there naturally. This could be land, light, water, electricity, etc.
Human resources (LABOUR)
Capital resources (CAPITAL)
Entrepreneurship (ENTERPRISE)
Answer:
$9,249 for three months, $18,498 for six months.
Explanation:
Experts recommend that an emergency fund should include 3 to 6 months of cash to provide for living expenses.
The Potinsky household spends $37,000 annually, therefore, it spends $3,083 monthly ($37,000 / 12).
For a three-month emergency fund = $3,083 x 3
= $9,249
For a six-month emergency fund = $3,083 x 6
= $18,498