Answer:
The correct answer is letter "C": Owner of a pet sitting service.
Explanation:
According to the personality described in the case, Lydia would could be the <em>owner of a petting service </em>because she likes playing with animals, thus she likes spending time with pets but, as she has good mathematical skills and enjoys business classes she could be in charge of managing a group of people who just like her, have fun being around animals.
I think the explanation of this manner is that the concession items have a high-profit margin. It has more sales than the theater tickets. So to avoid the possible losses of income, the theater decides to make the prices of each item of concession stand must be the same to a different group of people.
Answer: worksheet
Explanation:
The entries for the consolidation of Lisa and Victoria would be recorded in a worksheet.
Consolidation worksheet refers to the tool that is used in the preparation of the consolidated financial statements of both a parent company and the subsidiaries.
The consolidation worksheet is important as it shows the individual book values for the parents company and the subsidiaries.
Answer:
1. $2,400
2. Investment 2
Explanation:
For computing the expected return for the investment 2, we have to apply the formula which is shown below:
= Probability for Scenario 1 × return in Scenario 1 + Probability for Scenario 2 × return in Scenario 2 + Probability for Scenario 3 × return in Scenario 3
= 0.2 × $6,000 + 0.3 × $4,000 + 0.5 × 0
= $1,200 + $1,200
= $2,400
From the calculations we use the investment 2 as Paul is uncertain about the return for investment 1
Answer:
He needs to deposit each year $747.38
Explanation:
Giving the following information:
To help you reach a $5,000 goal in five years from now, your father offers to give you $500 now. You plan to get a part-time job and make five additional deposits, one at the end of each year for 5 years. Your first deposit will be made at the end of the first year. The money is deposited in a bank that pays 7% interest.
First, we need to calculate the final value of the first $500 that the father gave him:
FV= PV*(1+i)^n
FV= 500*(1.07)^5=
FV= 701.28
Now, we have to calculate the annual deposit required:
Difference= 5,000 - 701.28= 4,298.72
We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (4,298.72*0.07)/[(1.07^5)-1]
A= $747.38
