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aalyn [17]
3 years ago
14

What budget item is NOT easy to lower if your salary is decreased?

Business
1 answer:
zubka84 [21]3 years ago
3 0
Well, insurance or taxes! :D
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A rich uncle wants to make you a millionaire. How much money must he deposit in a trust fund paying 12% compounded quarterly at
Reptile [31]

Answer:

P=24.92 per quarter

Explanation:

this problem can be solved applying the concept of annuity, keep in mind that an annuity is a formula which allows you to calculate the future value of future payments affected by an interest rate.by definition the future value of an annuity is given by:

s_{n} =P*\frac{(1+i)^{n}-1 }{i}

where s_{n} is the future value of the annuity, i is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid. so applying to this particular problem, we have:

s_{60*4} =P*\frac{(1+(0.12/4))^{60*4}-1 }{(0.12/4)}

we will asume that deposits are made as interest is compounded it is quarterly thats why we multiply 60 and 4 and also we divide 12% into 4, so:

1,000,000 =P*\frac{(1+(0.12/4))^{60*4}-1 }{(0.12/4)}

solving P

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8 0
2 years ago
Park Place Company reported cost of goods sold of $140,000 for the year 2020. Park Place also reported the following amounts on
Paul [167]

Answer:

the cash paid to supplier is $143,000

Explanation:

The computation of the cash paid to the supplier is given below;

Purchases = Ending inventory + cost of goods sold - beginning inventory

= $27,500 + $140,000 - $25,000

= $142,500

Now the Cash paid to supplier is

= Beginning account payable + purchases - ending account payable

= $15,000 + $142,500 - $14,500

= $143,000

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A capitalist system will depend on fair completion among business with the following; driving lower quality, higher quality or other choices in which will affect the system. With this, it is namely referred to as the right to fair competition which is being done by people competing in business.

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