Answer:
First Offer
Present value = $60,000
Second Offer
PV = Down payment + A<u>(1 -(1 + r/m)</u>-nm
r/m
PV = $10,000 + $6,000(<u>1- (1+ 0.06/2</u>))-5x2
0.06/2
PV = $10,000 + $6,000(<u>1 - (1 + 0.03</u>))-10
0.03
PV = $10,000 + 6,000<u>(1 - (1.03)</u>)-10
0.03
PV = $10,000 + 6,000(8.5302)
PV = $61,181
The difference between the two present values
= $61,181 - $60,000
= $1,181
Explanation:
The present value of the cash payment is $60,000. The present value of the second offer is the down payment plus the present value of semi-annual payments. We need to use the present value of annuity formula so as to determine the present value of semi-annual payments. Then. we will deduct the present value of the first offer from the present value of the second offer in order to obtain difference in present values.
Answer:
$790
Explanation:
Charlotte attended a 3 day business conference.
She stayed 2 additional days after the conference.
Her airfare was $400
Lodging was $110 per night
Incidentals were $20 a day.
Charlotte's business expense includes thus,
Lodgings for 3 days which is $110 * 3 =$330
Incidentals for 3 days which is $20 * 3= $60
Airfare=$400
Total cost as a business expense= $330 + $60 + $400= $790.
Answer:
Decider.
Explanation:
Harold being a new business manager for a manufacturer of marine lubricants. Most times, he has to talk to several different people before he's able to find someone who can give him a purchase order or a refusal.
Hence, in terms of the buying center, he has the most trouble identifying the decider for his services.
In Business management, the buying center comprises of a group of people or department within a specific organization that make business purchase decisions. These group of people are found in different parts of the organization, such as accounting, finance, procurement, and senior management. The buying center is made up of five (5) key groups, these are the buyers, gatekeepers, users, influencers, and deciders.
The decider in a buying center are generally responsible for choosing the right products to be purchased and have the final say (decision) with regards to a purchase order or a refusal.
Answer: A. output, investment, and depreciation will decrease and consumption will increase and then decrease but finally approach a level above its initial state.
Explanation: from the above question, an economy that is in a steady-state with no population growth or technological change and the capital stock is above the Golden Rule level and the saving rate falls then output, investment, and depreciation will decrease and consumption will increase and then decrease but finally approach a level above its initial state.
