Answer:
1) $9615.38
2)$9245.56
3) b is the correct option.
Explanation:
See the attached pictures for detailed answer.
Answer:
13,152.5
Explanation:
Given the the above parameters as mentioned in the question
To calculate the PV (Present Value)
We have PV = 5000 * 1.05 * [ 1/(1.0575)² + 1/(0.625)³ + 1/(1.065)⁴]
PV = 5000 * 1.05 * (0.8942094350 + 0.8337064929 + 0.7773230908) =
=> PV = 5000 * 1.05 * 2.5052390187
= 13,152.50
Therefore, in this case, using the forward rates, the present value of this annuity a year from now is 13,152.50
Answer:
Its operating expenses were $ 3.588 B
Explanation:
The operating ratio is the ratio of operating expense to the operating or revenue generated.
This ratio is used for comparison of results from the operations of various industries.
Given that the operating ratio of 78% and the operating revenue is $4.6B, the operating expense T may be computed as
78% = T/4.6 * 100%
T = 4.6 *.78
= $3.588 B
Answer: <em>Revenue per day = $236.61</em>
Explanation:
Here, given:
Selling price for each song = $0.99
Revenue function: R(x) = 0.99x
where, "x" represent the no. of songs sold through their website.
Songs downloaded = 239 per day
Therefore , the daily revenue is given as;
<em>Revenue per day:
</em>
<em>Revenue per day = $236.61</em>