Answer:
a-1) Pv = 52549
a-2) Pv = 56822
b-1) Fv = 77570
b-2 Fv = 83878
Explanation:
b-1) Future value:
S= Sum of amount of annuity=?
n=number of fixed periods=5 years
R=Fixed regular payments=13200
i=Compound interest rate= .081 (suppose annualy)
we know that ordinary annuity:
S= R [(1+i)∧n-1)]/i
= 13200[(1+.081)∧5-1]/.081
=13200(1.476-1)/.081
= 13200 * 5.8765
S = 77570
a.1)Present value of ordinary annuity:
Formula: Present value = C* [(1-(1+i)∧-n)]/i
=13200 * [(1-(1+.081)∧-5]/.081
=13200 * (1-.6774)/.081
=13200 * (.3225/.081)
=52549
a.2)Present value of ordinary Due:
Formula : Present value = C * [(1-(1+i)∧-n)]/i * (1+i)
= 13200 * [(1- (1+.081)∧-5)/.081 * (1+.081)
= 13200 * 3.9822 * 1.081
= 56822
b-2) Future value=?
we know that: S= R [(1+i)∧n+1)-1]/i ] -R
= 13200[ [ (1+.081)∧ 5+1 ]-1/.081] - 13200
= 13200 (.5957/.081) -13200
= (13200 * 7.3544)-13200
= 97078 - 13200
= 83878
Answer:
<u>Ensure accurate reliable accounting records</u>
Explanation:
Internal controls refer to those processes and procedures employed by the management of an entity so as to ensure efficient operations and to keep a check on frauds and compliance with better reporting requirements.
For example, biometric system of recording employee attendance which keeps a check as in who is actually on payroll and elimination of any dummy entries from the records.
The purpose of internal control is to safeguard assets, ensure that employees adhere by company policies, compliance with the law, promote operational efficiency and ensure reliable financial reporting without misrepresentation of facts.
Answer:
1. Entrepreneurs can only be successful if they have large funding backing them.
2. Entrepreneurs have cushy hours.
3. Entrepreneurs have to do everything themselves.
5. Entrepreneurs have to take huge risks.
7. Entrepreneurs are never stressed out.
8. Entrepreneurs are all wealthy.
9. Entrepreneurs are their own boss.
10. Entrepreneurs have more personal time.
Answer: unemployment rate depends solely on the size of labor force and every country has different labor force sizes.
Explanation: https://coursepivot.com/tutor-answers/which-of-the-following-helps-explain-why-it-is-so-difficult-to-compare-unemployment-rates-in-the-united-states-with-unemployment-rates-in-poorer-countriesselect-the-correct-answer-below/#:~:text=Cross-country%20comparisons%20of%20unemployment%20rates%20is%20difficult%20to,and%20every%20country%20has%20different%20labor%20force%20sizes.
The fact that mutual funds provide small investors with a diverse portfolio and experienced management is one of their appealing qualities.so statement is true.
<h3>What draws small investors to mutual funds?</h3>
Investors have access to a greater variety of investments through mutual funds than they could on their own. By pooling your funds, you may take advantage of economies of scale. The monthly contributions improve the investor's assets. Funds are more liquid because they are often less volatile.
The ability to diversify and thereby distribute risk over a number of investments is one of the reasons mutual funds are so well-liked by investors. People are drawn to mutual funds because they provide an opportunity for typical individuals to invest in professionally managed funds.
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