Answer:
present value of annuity is $61445.66
Explanation:
given data
annuity P = $1,000 per year
time t = 10 year
rate r = 10% = 0.01
to find out
present value of annuity
solution
we will apply here present value formula that is
present value = P ( 1 - ( 1 + r )^-t ) / r ..........................1
put here all value for r, t and P in equation 1
present value = P ( 1 - ( 1 + r )^-t ) / r
present value = 1000 ( 1 - ( 1 + 0.1 )^-10 ) / 0.01
present value = 61445.66
so present value of annuity is $61445.66
The activity that consists of breaking a job into its component tasks and then analyzing each step for potential hazards is called Job safety analysis
<h3>What is
Job safety analysis ?</h3>
An approach called a Job Safety Analysis (JSA) assists in incorporating recognized safety and health principles and practices into a specific task or job operation. Each fundamental job step in a JSA identifies potential dangers and suggests the safest approach to do the task. Other names for this process include job hazard breakdown, hazardous task analysis, and job hazard analysis.
When referring to a specific job or task, such as "running a grinder," "using a pressurized water extinguisher," or "fixing a flat tire," the phrases "job" and "task" are sometimes used interchangeably. JSAs are not appropriate for positions that are too widely defined, such as "overhauling an engine," or too narrowly defined, such as "placing car jack."
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The scenario between Mandi and the car dealer is simply known as a assumptive close.
<h3>What is a assumptive close?</h3>
An assumptive close simply means when one assumes that a customer plans to buy a product and then encourages the person to do so.
In this case, the car dealer simply encouraged Mandi to purchase the car. This illustrates an assumptive close.
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The true statement among the given option is option a)Economic profit include opportunity costs.
Opportunity costs are revealed through implicit costs. Only explicit costs are included in accounting profit. However, economic profit includes both implicit and explicit costs. Opportunity cost is included on economic profit because economic profit includes implicit costs, and implicit costs display opportunity costs.
The key benefits of opportunity costs include: Awareness of Lost Opportunity: Opportunity costs make you think about the fact that, when choosing between possibilities, you lose up something in the one that is not chosen.
Therefore the correct option is a)Economic profits include opportunity costs.
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