Answer:
Carly will have $1,433 in her account at the end of 10 years.
Lara will have $1,280 in her account at the end of 10 years.
Explanation:
Simpe interest pays the simple trust on the principal amount. There is no reinvestment of interest.
In compounded Interest the Interest earned from the investment is reinvested and again interest on principal and interest amount reinvested is earned.
Carly Deposit balance
Principal amount = $800
Blance after 10 years = $800 ( 1+ 6% )^10 = $800 x 1.791 = $1,433
Lara Deposit balance
Principal amount = $800
Amount of Interest for 10 years = 800 x 6% x 10 = $480
Blance after 10 years = $800 + $480 = $1,280
Answer:
Irene would prefer the instalment sale because she can defer the payment of tax until a future date. On the other hand, if she accept the cash sale, she would have to pay the tax immediately. The amount invested in certificate of deposit would be after tax.
Thus the value of an instalment payment would be greater than the value of a cash payment
Explanation:
C serve only as investors, as general partners take on all the risk and operation of the company, while limited partners invest their money, but don’t take part in the decisions of the company.
Hope this helps!
Answer:
The correct answer is option d.
Explanation:
When there is an increase in the price level, the purchasing power of money decreases. People will need more amount of money to purchase the same level of goods. This will reduce the real value of wealth.
When the purchasing power decreases and people need more amount of money to purchase the same level of goods, the demand for money will increase. This will cause the interest rate to rise as well.
As the price level increases, domestic goods become relatively expensive. This will cause the export demands to decline. So the demand for domestic currency will also decline. This will further cause the value of currency to depreciate.
Sheffield's inventory turnover ratio is <u>5.7 times.</u>
What is the Inventory Turnover Ratio?
The inventory turnover ratio, also known as the stock turnover ratio, is a measure of how effectively inventory is maintained. The inventory turnover ratio formula equals the cost of products sold divided by total or average inventory to calculate how many times inventory is "turned" or sold within a given period. The ratio can be used to detect if there is an excess of inventory in relation to sales.
<u>Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory</u>
Here, COGS = 644000
Average Inventory = 83000 + 142000 / 2 = 112500
Now,
Inventory turnover ratio = 644000/112500
<h3> = <u>5.7 times</u></h3>
Therefore final answer comes out to be <u>5.7 times.</u>
For more, COGS questions, refer to the given link:
brainly.com/question/20581479
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