Answer:
a. True
Explanation:
Since small business has lesser processes and paper work as compare to the larger organizations where formal procedures are in placed
Answer:
At the end of the sixth year, you will have:
= $8,487.17.
Explanation:
a) Data and Calculations:
Annual savings = $1,000
Interest rate per year = 10%
Period of savings = 6 years
First deposit = today
From an online financial calculator:
N (# of periods) 6
I/Y (Interest per year) 10
PV (Present Value) 0
PMT (Periodic Payment) 1000
Results
FV = $8,487.17
Sum of all periodic payments $6,000.00
Total Interest $2,487.17
Answer:
the fixed costs for Rackit Corporation is $161,500.
Explanation:
Cash Flow DOL = 1 + Fixed Cost / EBITDA
2.7 = 1 + Fixed Cost / 95,000
1.7 = Fixed Cost / 95,000
Fixed Cost = $161,500
Therefore, the fixed costs for Rackit Corporation is $161,500.
The answer to this question is c