Answer:
$128,477
Explanation:
Given that
Payment to finance for purchasing the machine = $30,500
Rate of interest = 6%
Future value of one for five periods at 6% is 1.33823
The future value of an ordinary annuity for five periods at 6% is 5.63709.
The present value of an ordinary annuity for five periods at 6% is 4.21236.
So by considering the above information, the cost of the machine is
= Payment to finance for purchasing the machine × present value of an ordinary annuity for five periods at 6%
= $30,500 × 4.21236
= $128,477
a house, duh, clothing can be hung and stored, potato chips are bagged, a magazine is almost useless, but a house needs plants trimmmed and rooms cleaned and taking care of bugs and such
Answer:
Unique skills and personality
Explanation:
Every potential founder or entrepreneur have skills and personality unique to them. However, as a founder, one would hardly rely on combination of skills but a unique skill that will make him concentrate and make his business efficient.
Businesses need different skills to grow hence requires business founders to have a unique skill and personality and tailor them to the business. As a business continues to grow, it will get to a point where not just having skills will be enough but the unique and relevant skill that will help to create a more efficient and capable business .
Also as a business founder, one would likely perform different roles as at when required. However, one would discover that he is better on some roles compare to other roles due to having this unique skills and personality hence performs optimally.
Answer:
700
Explanation:
Calculation for the annual dividend on the preferred stock
Annual dividend on the preferred stock=1000 shares of 7%, $10 par value
Annual dividend on the preferred stock=(1000*$10*.07)
Annual dividend on the preferred stock=$700
Therefore the annual dividend on the preferred stock will be $700
