The answer is “$553”.
Kelly’s account pays = 2.5 percent compounded daily =
2.5/100 = 0.025
There are 365 days in one year, so
<span>
i = .025/365 </span>
so number of days = n = 4(365) = 1460
Amount = 500(1 + .025/365)^1460
<span>=552.59 = $553</span>
The fulfillment process originates in the sales department and ends in the accounting department.
<h3>What conditions must a sales department meet?</h3>
To link a product or service with potential customers or clients, a sales department must create and implement a protocol that is appropriate to the nature of the product or service. For instance, some goods or services necessitate direct communication between a salesperson and a customer in order to close a deal.
<h3>What function does the department of accounting and finance serve?</h3>
The core of any corporation is its accounting and finance division, which is in charge of maintaining the effective financial management and financial controls required to support all corporate operations.
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The relationship between the two goods can be described as Complementary good.
<h3>What is complementary good?</h3>
A Complementary good serves as goods or product that their value is been tied to each another.
Therefore, as a Complementary good, increase in the price of first good brings about decease in price of other.
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Answer:
$84,000
Explanation:
A company's net income can be determined by subtracting the cost of goods sold from the revenues to obtain the income before taxes and then multiply it by one minus the tax rate.
If revenues are $400,000 and cost of goods sold are $280,000 at a tax rate of 30%, net income for the year is:
The company's net income for the year is $84,000.