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yaroslaw [1]
4 years ago
14

Jerry is an extremely hard worker, so every year he earns a bonus of $10,000 at his job for his efforts. Over a career of 35 yea

rs, what is the present worth of all his bonuses from the point of view of the employer if the interest rate is 8%? Use an EXCEL function to determine the answer. Choose the closest answer you would get if you used an EXCEL function.

Business
1 answer:
Aleksandr-060686 [28]4 years ago
3 0

Answer:

$116,545.68  

Explanation:

We have to find the Present value by applying the Present value formula that is shown on the excel attachment

Data provided in the question

Future value = $0

Rate of interest = 8%

NPER = 35 years

PMT = $10,000

The formula is shown below:

= -PV(Rate,NPER,PMT,FV,type)

So, after solving this, the present worth is $116,545.68  

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Missionary selling:
Valentin [98]

Missionary selling is often an entry position for higher level sales and marketing jobs.

Option D

<u>Explanation: </u>

An inventive missionary retailer can sell a business two or three times. Missionary sales jobs are often a road to orders.

Missionary selling is a type of sales by which a salesperson advises a person who affects the purchase decision. The purpose is not to end a sale but simply to obtain information from the main decision-maker. It is an indirect sale method.

Missionary employment in scientific, pharmacy and textbook sales is quite common.

Professional companies such as IBM and Xerox depend on missionary vendors for program specialists. Systems specialists collaborate with clients to overcome scientific or organizational challenges. Salespeople tell about innovative items that offer alternatives in the process of finding solutions. A technical expert who advises an organization to minimize its product shipping time may, for example, suggest a software program that simplifies the shipping process.

5 0
4 years ago
How do corporations raise money and resources to expand? Select THREE answers.
Vladimir [108]

Correct answer choices are :

A) They request a bank loan.

D) They agree to sell stocks.

E)  They issue bonds.

Explanation:

Also, interest paid on bonds is a tax-deductible business investment for the organization. The problem is that interest payments generally are made on bonds even when no profits are earned. For this reason, a smaller corporation can sometimes raise much capital by issuing bonds.

4 0
4 years ago
Read 2 more answers
Leaders have the duty and responsibility to plan in advance for all foreseeable situations and circumstances for all activities.
iren [92.7K]

Answer:

True

Explanation:

It is responsibility and duty of leaders to know about all circumstances and situations , Leaders needs to plan before any bad things happen to Company. If he did not do such thing , may be failure outcome happen.

8 0
3 years ago
A company has net income of $130,500. Its net sales were $1,740,000 and its total assets were $2,750,000. Its profit margin equa
alexgriva [62]

Answer:

True

Explanation:

The profit margin calculation is shown below:

= (Net income ÷ net sales) × 100

= ($130,500 ÷ $1,740,000) × 100

= 7.5%

We simply divide net income by net sales in order to achieve the gross profit margin. This indicates a correlation between net income or net income and net sales.  

All other information provided is irrelevant. Therefore, it was ignored

8 0
4 years ago
The fundamentals of Project Management are considered universal across most businesses and professions.
Troyanec [42]

Answer:

A. True

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service. Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.

The fundamentals of Project Management are considered universal across most businesses and professions.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

It is very important and essential that project managers in various organizations, businesses and professions adopt the aforementioned fundamentals in order to successfully achieve their aim, objectives and goals set for a project.

6 0
3 years ago
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