Present Value involves discounting, and future value involves compounding.
The find present value of a dollar a year from now, we must discount by the discount rate, since a dollar a year from now is not worth as much as a dollar today.
To find the future value (in a year) of a dollar we receive today, we increase the dollar by the discount rate, since our dollar today is worth more than a dollar a year from now.
<span>This is a way of making a claim. If the product is not performing up to specifications or the stated characteristics, the consumer is able to place a claim with the company explaining the issue and asking for a way to rectify it.</span>
Answer: $7000
Explanation:
cost of ski boots = $8000
merchandise inventory at the beginning of October = $2000
merchandise inventory at the end of October = $3000
So,
Budgeted cost of goods sold for October = cost of ski boots + inventory at the beginning - inventory at the end
= 8000 + 2000 - 3000
= $7000
∴ The budgeted cost of goods sold for October is $7000.
Answer:I am figuring this question out for you!
Explanation:one moment