Answer:
IRR 6% for Jabob
His friend will need 12 years saving cash to obtain their collegue funds.
Explanation:
We will solve for the rate being the annuity of 3 payment of 800
and the present value 2,138.41
C 800
time 3
PV 2,138.41
rate ?
To solve we can use excel, a financial calculator or trial and error
For excel we will do the following:
write the list of cash through the loan life:
-2,138.41
+800
+800
+800
then we write in the empy cell
=IRR(
select the values and press enter
This will give the IRR which is 6%
For the second assignment:
we need to solve for time:
C 3,800
time n
rate 0.06
PV $31,897
We work out the formula:
Now we solve the right side and apply logarithmic properties
-n = -11.77128325
n = 11.77
It will take 12 years to obtain their target amount
When there is a decrease in supply, it would be reflected by a change from Curve A to Curve C.
<h3>How are supply decreases reflected?</h3>
When supply decreases, it leads to the supply curve shifting to the left to show that there is a lesser quantity available.
In the graph therefore, a decrease in supply would be shown as a shift from Curve A to Curve C or Curve B to Curve A.
Find out more on decreases in supply at
#SPJ12
Answer:
1,3,5
Explanation:
Those are the most efficient
Answer:
Dave Brown's FICA-OASDI tax for the week is $415.40; and his FICA-Medicare tax for the week is $97.15.
Explanation:
The following are given in the question:
Cumulative earnings = $90,000
Gross pay for the week = $6,700
FICA-OASDI tax rate = 6.2%
FICA-Medicare tax rate = 1.45%
Therefore, we have:
FICA-OASDI tax for the week = Gross pay for the week * FICA-OASDI tax rate = $6,700 * 6.2% = $415.40
FICA-Medicare tax for the week = Gross pay for the week * FICA-Medicare tax rate = $6,700 * 1.45% = $97.15
Therefore, Dave Brown's FICA-OASDI tax for the week is $415.40; and his FICA-Medicare tax for the week is $97.15.
Note:
The full meaning of FICA is Federal Insurance Contributions Act, and the full meaning of OASDI is Old Age Survivor and Disability Insurance.
Answer:
receivable turnover ration = 6
Explanation:
credit sales = 120000
Credit sales =As we know that: Receivables turnover ration = Net credit sales /Average account receivable.
= 120000/ 20000
= 6.
it indicates that company convert its receivable to cash 6 times that year.