Answer:
The firm must save $45,172.02 monthly for 24 months to be able to pay $1,130,000 at 4.3% compounded monthly as found in the attached
Explanation:
In calculating the monthly saving , I used the PMT function in excel,whose formula is given as PMT(rate,nper,pv,-fv)
r represents the rate on the savings given as 4.3% annually but 0.36% per month (4.3%/12 months), as the compounding is done monthly.
nper represents the duration of savings,given as two years but multiplied by 12 months to reflect monthly compounding horizon
pv is the present value zero as it is not given and not required
Fv is future value given as $1,130,000
Find detailed computation in the attached.
Answer:
simmer the cream
Explanation:
Don't add cold milk directly into a hot liquid. Instead, whisk small amounts of the hot liquid into the cold milk. When the milk is warm, then add it into the hot liquid. This process is called tempering. Or, simply heat the milk gently in a saucepan before adding it.
Answer:
b. Product line
Explanation:
Product line -
It refers to the combination of various products that are all placed under same name of brand , is referred to as the product line .
Companies use this strategy in order to gain more profit and publicity on the goods and services .
The method is adapted to increases the range of products that a company offers .
Hence , from then given scenario of the question ,
The correct answer is product line .
Answer:
Portfolio return = 0.156 or 15.6%
Explanation:
The expected return of a portfolio is the weighted average of the individual stocks returns' that form up the portfolio. For a two stock portfolio, the expected return is calculated as follows,
Portfolio return = wA * rA + wB * rB
Where,
- w is the weight of each stock
- r is the expected return of each stock
Portfolio return = 0.4 * 0.12 + 0.6 * 0.18
Portfolio return = 0.156 or 15.6%
Answer:
$9,200
Explanation:
The computation of the opportunity cost of going to summer school is presented below:
= Summer tuition fees and cost of books + earning if working somewhere
= $2,200 + $7,000
= $9,200
In order to determine the opportunity cost, we considered the summer tuition fees & books cost and earnings
And, the summer rent is a fixed cost so it would not be included.
