Answer:
It will take him 7 years.
Explanation:
Hi! We need to calculate the amount of time that it requires an investment of $34000 to reach $62154 at an interest rate of 9% annually.
By using the formula of Present Value we can isolate n:
The formula is:
PV=Ct/[(1+r)^n]
Ct= cash flow at t time
r= rate
n= period of time
To calculate how many years, we need to isolate n from the PV formula:
n=[ln(Ct/PV)]/ln(1+r)
n=ln(62154 /34000 )/ln(1+0,09)
n=7
Answer:
The correct statements about credit sales are:
- Accounts receivable arise from credit sales
- Accounts receivable should be reported at net realizable value.
- Revenue is reported when the company fulfills its promise to transfer control of a good or service to a customer
Answer:
$23,602
Explanation:
For computing the estimated total fixed cost, first we have to determine the variable cost per unit which is shown below:
Variable cost per unit = (High cost of sales - low cost of sales) ÷ (High units sold - low units sold)
= ($59,000 - $29,400) ÷ (2,200 units - 360 units)
= $29,600 ÷ 1,840 units
= $16,09
And, the fixed cost equal to
= High cost of sales - (High units sold × Variable cost per unit)
= $59,000 - (2,200 units × $16.09)
= $59,000 - $35,398
= $23,602
The formula to use get the % of grand totals is as follows:
- after having the group subtotals, enter the formula SUBTOTAL(9,B2:B21) into a cell you need then press Enter key.
<h3>What is a cell?</h3>
In a spreadsheet. this refers to the rectangular area that is formed by the intersection of a column and a row.
On a typical spreadsheet, every cells have its assigned code from Combination of Number 1-10 to Alphabet A-Z.
In order to calculate the percentage of the grand total for each type of school supply, we will need to enter a formula in the "% of Grand Total" column to divide the value in the "Total Cost" column by the grand total which will format the result as a percentage.
Read more about cell
<em>brainly.com/question/25879801</em>
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Answer: a. an e-brand brand
Explanation:
An e-brand is one that provides just an online service for merchandise sales. These companies do not have physical locations but rather show you all that they sell on their websites and then when you purchase something, they deliver it as a physical good. The most popular example of such is Amazon.
The advantage of such brands is that they get to save on the rental and other property costs related to establishing brick-and-mortar stores because they are online.
