Answer: $242,567.27
Explanation:
The $5,000 is an annuity as it is being paid every year and is a constant amount.
The value in 19 years is the future value of this annuity:
Future value of annuity = Annuity * ( ( 1 + rate) ^ number of years - 1) / rate
= 5,000 * ( ( 1 + 9.5%)¹⁹ - 1) / 9.5%
= $242,567.27
Answer:
An example of a cost that is likely to have a direct relationship with products being manufactured is:
direct cost of raw materials.
Explanation:
Other direct costs that affect the cost of the products directly are direct labor costs and direct overhead costs. They are traceable to the products being manufactured. This is why they are called direct costs. They can be attributed to the unit of production. The opposite is the indirect costs of raw materials, labor, and overheads. These costs cannot be traced to units of the product being produced.
Answer:
Correct option is (b)
Explanation:
Price elasticity of demand is the law that states that proportion of percentage change in demand due to percentage change in price only and not any other factors. Demand is perfectly elastic if quantity demanded changes tremendously with change in price. Demand is inelastic if there is no change in quantity demanded with increase in price.
Here, Get smart university plans to increase tuition fees assuming that there will be no change in demand for the seats offered by the university due to increase in price. So, it assumes that demand is inelastic.
A enlist in the military. If you enlist in the US military they will cover the costs of your education
Answer:
The answer is E.
Explanation:
Account Receivables is the type of account that is used to record expected money from the sale of goods on credit. Account receivables is an asset to the company because future economic benefits are expected to flow to the entity. It includes all forms of receivables.
Accounts receivables is being measured at cash net realizable value.
