Answer:
5.0%
Explanation:
You can solve this using financial calculator .I'll be using (Texas Instruments BA II Plus)
<em>Note; If using same calculator as mine, key in the number first then the function key.</em>
Initial investment ; PV = -1000
Recurring payment ; PMT = 50
Duration of investment; N = 5
Future Value at the end of 5 years ; FV = 1000
Then CPT I/Y = 5%
Therefore, the expected rate of return on this investment would be 5%
Central and state governments influence each other in a federal system.
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $30,000
Accumulated Depreciation - Equipment A/c $12,494
To Equipment A/c $40,606
To Gain on Disposal of Equipment $1,888
(Being sale of machinery is recorded and the remaining balance is credited to the Gain on Disposal of Machinery A/c)
The computation is shown below:
= $30,000 + $12,494 - $40,606
= $1,888
Answer:
Companies must be prepared at all times to add to or adapt their product lines to satisfy the desires of customers for them to remain competitive.
Explanation:
One of the strategies companies to remain competitive is to adjust to the demand of customers. This will allow a company to retain current customers and win potential new customers.
Although this strategy may require additional fund but failure to adapt and add new product lines that satisfy wants of the customers can the company out of business.
Therefore, companies must be prepared to add to or adapt their product lines to satisfy customers' desires in order to remain competitive.
