Answer: $688.17
Explanation:
He has to pay $60 every month on the first day or a lump sum.
The lump sum will be the present value of monthly payments.
This is a stable Cashflow and so is an Annuity and because it is done on the first day of the month it is an Annuity due.
Calculating present value of annuity due is;
= Annuity + Annuity (( 1 - ( 1 + r) ^ -(n - 1)) / r)
= 60 + 60 (( 1 - ( 1 + 0.833%)-¹¹) / 0.833%) )
=60 + 60* 10.4695
= $688.17
Note: interest rate must be divided into 12 to make it monthly rate.
=10%/12
= 0.833%
Answer:
A gaming software report from Gartner Group, a market research firm
Explanation:
Primary data collection is when data is collected through first hand research.
Primary data collection methods include
- Surveys : this can take the form of questionnaires (including online questionnaires e.g. survey monkey
- Interviews : this includes focus group interviews and interviewing customers
Advantages of primary data collection
- Directly addresses the reason for data collection
- Provides unique insight that might be unavailable elsewhere
Disadvantages of primary data collection
- It can be expensive
- it can be time consuming compared to other methods
Secondary data collection is collecting data that has already been collected in the past e.g. A gaming software report from Gartner Group, a market research firm
Answer:
Ending stockholders' equity $ 68.000
Explanation:
The net income for the year is Revenue - Expenses
so $ 113,000 - $34,000 = Net Income $ 79,000
Stockholders Equity at end of year
Opening stockholders' equity $ 52,000
Add: Net income for the year $ 79,000
Less: Dividends Paid <u>$ (63,000)</u>
Ending stockholders' equity $ 68,000
Transfer cash from savings to checking because monthly expenses should always be made with cash.
The most critical principle for using credit cards is to continually pay your invoice on time and complete it.
Following this easy rule assist you to keep away from interest charges, past due prices, and bad credit score scores.
By means of paying your invoice completely, you will avoid interest and construct towards an excessive credit score score.
In step with our recent survey, 3 out of four consumers within the usa choose credit cards based totally on the attraction of interest fees, non-public records and fraud safety and rewards offers.
Learn more about savings here: brainly.com/question/15279000
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Answer: reduce the demand for soda and increase the demand for tacos
<span>If tacos and pizza are substitutes, an increase in the price of pizza will increase the quantity demanded for tacos because consumers will substitute tacos for pizza. If soda and pizza are complements, then an increase in the price of pizza will reduce the demand for soda. For the same budget, a consumer may buy pizza alone.</span>
