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julsineya [31]
3 years ago
10

Suppose you are planning to spend $1,768 annually for vacation during the next 30 years. You are offered to pay $30,000 now so t

hat annual expenses of your vacations for the next 30 years will be taken care of. The annual interest rate is 7%. Calculate the amount that is saved if you pay $1,768 annually instead of $30,000 now (Hint: calculate 30,000 - PV($1,768 paid annually)). Submit the absolute value of the difference in the two options.
Business
1 answer:
valkas [14]3 years ago
8 0

Answer:

The amount saved is $8,060.82  by paying $1768 annually  for 30 years of $30000 now.

Explanation:

The amount saved by paying $1768 annually instead of $30000 now can be best computed by calculating the present of $1768 for 30 years at a discount of 7%.

The formula applicable here is PV=PMT*(1-(1+r)^-time)/r

PV=1768*(1-(1+0.07)^-30/0.07

PV=$21939.18

However savings =$30000-$21939.18

                                =$ 8,060.82  

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NikAS [45]

Some non-monetary costs of attempting to eliminate risks a are  time costs, search costs, and psychological costs .

Non-Monetary cost is a cost which a buyer pays other than money, to acquire a thing.The non-monetary price of acquiring a product comprises the time spent looking for it and the risk taken that it will provide the desired benefits.    

 

Non-monetary costs are another type of sacrifice that customers feel when they purchase and use a service. When deciding whether to purchase a service or repurchase it, time costs, search costs, and psychological costs are frequently taken into consideration and may occasionally be more significant considerations than monetary price.

The psychological expenses associated with receiving these services are the most distressing non-monetary charges. Fear of rejection (bank loans), fear of not understanding (insurance), and worry of uncertainty (including fear of high cost) are all examples of fears.

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1 year ago
When using the periodic system the physical inventory count is used to determine Select one: a. both the cost of the goods sold
AlexFokin [52]

Answer:

a. both the cost of the goods sold and the cost of ending inventory.

Explanation:

The physical count is used in the periodic inventory system to calculate the amount of ending inventory. However the cost of goods sold can be derived from using the ending inventory count. Suppose we have ending inventory of 100 units and Purchases were 500 units  Also there were no beginning inventory units so the Cost of goods Sold can be calculated as

Cost of Goods Sold= Beginning Inventory Add Purchases Less Ending Inventory

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8 0
3 years ago
Laura says that the present value of $700 to be received one year from today if the interest rate is 6 percent is less than the
Andrews [41]

Answer:

The correct answer is A. Both Laura and Cassie are correct.

Explanation:

Since Laura says that the present value of $ 700 to be received one year from today if the interest rate is 6 percent is less than the present value of $ 700 to be received two years from today if the interest rate is 3 percent, and Cassie says that $ 700 saved for one year at 6 percent interest has a smaller future value than $ 700 saved for two years at 3 percent interest, to determine who is right, the following calculations must be performed:

700 x 1.06 = 742

700 x 1.03 ^ 2 = 742.63

Therefore, both Laura and Cassie are correct in their claims.

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3 years ago
Simon, the CEO of a consumer electronics firm, receives a huge positive response from the industry experts and consumers for int
Anastasy [175]

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creative

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He could either be a humble, extroverted, born or creative leader. From these options the most intuitive answer would be that he is a creative leader given that he has introduced "breakthrough technologies" in the companies products which would only be possible through a great amount of initiative and creativity.

The term "breakthrough technologies" is the key word in answering this question as it refers to innovation that has never been seen before. Thus, it would require a great deal of creativity to think of and successfully introduce and implement into a company.

7 0
3 years ago
Discuss and analyze a situation where you worked on a team/project team consisting of diverse or intercultural team members. Con
pav-90 [236]

Explanation:

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b. There are several different cultural values ​​that can directly influence the work environment, the issue of formality for example is a factor that differs from country to country, and the lack of formality of an employee for example can be seen as rude, invasive behavior or unprofessional, when in fact it may just be a cultural feature of countries where the work environment is less informal and more flexible.

c.  To make communication more effective, it is necessary to prepare the organization, that is, the development of policies, organizational culture and programs aimed at inclusion and respect for the different cultural values ​​present in the organization.

It is essential that the company prepare its managers and employees to receive workers from other countries, developing a favorable environment for the exchange of positive experiences, aimed at integration, collaboration and ethical behaviors.

4 0
3 years ago
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