Answer:
$13,153.15
Explanation:
Present value is the sum of discounted cash flows.
Present value can be calculated using a financial calculator
Cash flow each year from year 0 to 5 = $2,468
I = 5%
PV = $13,153.15
To find the PV using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
I hope my answer helps you
Answer:
b. Vice President of Finance.
Explanation:
The Treasure works as a head accountant, he is the person who take care of the cash in an organisation and he is an in charge of all the cash related activities. If something bad or any mishap related to the cash happens then he is held responsible. The Treasure of a corporation generally reports directly to the higher authority like Vice President of Finance. Moreover, its his or her responsibility to manage and distribute the cash within the organisation. He is liable to present all records when requested by the vice president of finance.
Answer:
97 days
Explanation:
In simple interest method, the interest is calculated by the following formula
I= P x R x T
I= interest
P = principal amount
R =interest rate
T= Time
In this case
I=$16
P=$1500$
R= 4% or 0.04%
T= time
$16= $1500 x 0.04 x Time
$16 =60 x Time
Time = 16/60
time = 0.2666 year.
time in days = 0.26666 x 365 days
=97.333 days
=97 days
Answer:
highest paying position
Explanation:
In the field of economic, "opportunity cost" may be defined as the loss of the potential gain from among the alternatives that were provided when one of the alternatives were chosen over the other alternatives. In other words, it is the loss of a benefit for a person who could have enjoyed if that person would have not taken the choice.
Opportunity cost helps to make decisions properly.
In the context, Ishmael has been offered four potential jobs from highest salary to lowest salary. Based on this information, the opportunity cost of Ishmael to accept the position which pays him $56,000 is the highest paying job.