Answer:
$50.74 million
Explanation:
Interest rate per annum = 8%
Number of years = 17
Number of compounding per annum = 1
Interest rate per period (r) = 8%/1 = 8%
Number of period (n) =17 * 1 = 17
Growth rate (g) = 5%
First payment (P) = 4 ($'million)
PV of the new Chip = p/(r-g) * [1 - [(1+g)/(1+r)]^n]
PV of the new Chip = 4/(8%-5%) * [1 - [(1+5%)/(1+8%)]^17]
PV of the new Chip = 4/0.03 * [1 - [1.05/1.08]^17]
PV of the new Chip = 4/0.03 * [1 - 0.972222^17]
PV of the new Chip = 133.333 * (1 - 0.6194589804)
PV of the new Chip = 133.333 * 0.3805410196
PV of the new Chip = 50.7386757663268
PV of the new Chip = $50.74 million
Answer:
Dollar profit loss = $3
Holding period return = negative 9%
Explanation:
In order to find the dollar profit or loss return we will add the dividend and selling price because that the dividend plus the selling price is the cash that Travis receives or the positive cash and we will subtract the buying price from it because it is the negative cash flow. So we will add all the positive cash flows and subtract negative cash flow from it in order to find the dollar profit loss or return.
Selling price = 27.65
Dividend = 0.85
Selling price + Dividend= 28.5
Selling price = 31.50
Dollar profit loss or return = 28.50-31.5=-3
Loss= $3
In order to find the holding period return we will divide add the dividend and selling price , subtract buying price from it and then divide it by buying price.
(27.65+0.85-31.5)/31.5= -0.09 = -9%
Holding period return = negative 9%
I would say b or c because I learned that economics is the making and distributing of good and services. If i was answering i would pick c
Answer:
Amount invested at 5.75% = $30,000
Amount invested at 7.25% = $14,000
Explanation:
Let the amount invested
at 5.75% = X
at 7.25% = Y
According to given condition
X + Y = $44,000 ( Eq 1)
and
0.0575X + 0.0725Y = $2,740 ( Eq 2)
By multiplying ( Eq 1) with 0.0575
0.0575X + 0.0575Y = $2,530 ( Eq 3)
By subtracting ( Eq 3) from ( Eq 2)
0.0725Y - 0.0575Y = $2,740 - $2,530
0.015Y = 210
Y = 210 / 0.015
Y = $14,000
X + $14,000 = $44,000
X = $44,000 - $14,000
X = $30,000
Check:
$30,000 x 5.75% + $14,000 x 7.25% = $2,740
$2,740 = $2,740
Answer: C) Technical selling
Explanation:
Technical selling or technical sales is an act in which a sales person helps to address customer's needs by understanding what they needs which is a determinant of what product to buy.
Technical selling involves the sales personnel addressing the need of customers, explaining the type and features of the product they needs, network with them and make sure they are satisfied.
A technical sales person must have the ability for effective communication and have good interpersonal skills so as to maintain a good relationship with customers.