1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MrMuchimi
4 years ago
10

Calculate the present value of annual payments of $3,000 per year for ten years at 8%.

Business
2 answers:
White raven [17]4 years ago
7 0

Answer:

The correct answer is:  $1389,58.

Explanation:

The present value of money tells us how much a future sum of money is worth today given a certain rate of return. This is an important financial concept based in the principle that money received in the future is not worth as much as an equal sum received today. The present value of money formula is the following:

Present Value=  FV/(1+r)^n  

  • FV=Future Value
  • r=Rate of return
  • n=Number of periods

In the example,

  • Present value= ?  
  • FV= $3000
  • r= 8% = 0,08
  • n= 10

Then,

  • Present Value=  $3000/(1+0,08)^10  
  • Present Value=$1389,58

So, $1389,58 is the present value of payments of $3000 per ten years at 8%.

Download pdf
AlexFokin [52]4 years ago
6 0
Annual payments is $240
You might be interested in
July August September Expected sales $490,000 $540,000 $580,000 Abet's cost of goods sold is 60% of sales dollars. At the end of
ycow [4]

Answer:

Purchases= $330,000

Explanation:

Giving the following information:

Sales:

August $540,000

September $580,000

Abet's cost of goods sold is 60% of sales dollars.

Abet wants a merchandise inventory balance equal to 25% of the following month's expected cost of goods sold.

<u>To calculate the purchases for August, we need to use the following formula:</u>

Purchases= sales + desired ending inventory - beginning inventory

Purchases= (540,000*0.6) + (580,000*0.6)*0.25 - (540,000*0.6)*0.25

Purchases= 324,000 + 87,000 - 81,000

Purchases= $330,000

8 0
3 years ago
A fixed cost is a cost which
ale4655 [162]

Answer:

The answer is c. remains constant in total with changes in the level of activity.

Explanation:

In a cost structure of a firm, for decision-making purpose, it is usually divided into fixed cost and variable cost.

Variable cost is the type of costs which will increase following an additional production of an extra unit of product/service, that is, level of activity has been risen up given the production is taken place. A good example of these cost are material cost, labeling cost.

Fixed cost, as it name may tell, is costs that are unchanged regardless of a firm's activities level. That is, regardless of how many product/service is produced, these costs remain the same. A good example of these cost are depreciation cost, rental cost.

4 0
3 years ago
Maddie enjoys viewing the website for her favorite clothing store because part of the space lets customers post pictures wearing
Anika [276]

Answer:

Content.

Explanation:

Internet branding or marketiing is the process of advertising your business and services over the internet. This marketing strategy helps to attract customers, sales, etc.

The model of online marketing suggests 7C's of internet branding.

The one that is exemplified in the given instance is content.

Content is one of the 7C's of online marketing which helps to pace with the modernity of society. There are, now, many new ways of creating a creative content which helps to attract the customers. This may include to create content that consists of videos, infographics, images, etc.

<u>In the given instance, Maddie is viewing the website of her favorite clothing store. The pictures posted on that website helps Maddie to style her own clothing. This suggests that her favorite clothing store has created a creative content that helps it's customer to visualize the clothings as well.</u>

Thus the correct answer is content.

3 0
3 years ago
Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns
yuradex [85]

Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns on its labor costs due to lower turnover and higher levels of productivity

Option A

<u>Explanation: </u>

While Costco costs its workers slightly more than its closest competitor, Sam's Club, Costco pays higher prices in order to recruit more professionals and to provide better customer service due to lower turnover and a similar financial return.

Direct costs involve wages for staff making a product and employees on the production line, while indirect costs apply to assistance, such as employees repairing factory equipment.

When labor costs are wrongly distributed or measured, the price of goods or services may be changed from their actual costs and profits from losses.

8 0
3 years ago
Josie is trying to figure out how to implement her investing strategy. She wants to compare online
cluponka [151]

Considering the situation described above, the 2 questions that Josie should consider during her research include "<u>In your respective industry, what is the most important advice you can give to a first-time investor.?"</u>

The other question Josie should consider during her research include:

<u>Considering the current pandemic period, which line of investment has stood the test of time?</u>

These questions is expected to yield answers that would guide Josie on how to implement her investment strategy to yield desired results.

Hence, in this case, it is concluded that Josie needs to ask the right questions to give her informative answers that can be used in the investment implementation.

Learn more here: brainly.com/question/17728414

5 0
3 years ago
Other questions:
  • Northland Juices, a division of New York-based Apple &amp; Eve, competes with Ocean Spray in the cranberry juice category. To be
    8·1 answer
  • A results-only work environment allows employees to ________.
    12·1 answer
  • Analog computers needs to borrow $475,000 from the midland bank. the bank requires a 15% compensating balance. how much money wi
    7·1 answer
  • Martin Distributors has the following transactions related to notes receivable during the last two months of the year.
    6·1 answer
  • You recently purchased a stock that is expected to earn 20 percent in a booming economy, 15 percent in a normal economy, and los
    8·1 answer
  • SAT scores generally fall _____ points above or below a student's true ability.
    15·2 answers
  • An audit basically consists of having the auditor form an opinion regarding management's financial statement assertions. The aud
    13·1 answer
  • What product are you making to bring Toys R Us back?
    6·1 answer
  • In a given market, the market equilibrium price and quantity are $120 and 5 million units, respectively. At a price of $100, 4.8
    8·2 answers
  • A 401(k) plan and the nonprofit equivalent, called a 403(b) plan, are______ reduction plans that reduce your salary by the amoun
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!