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Vlad [161]
3 years ago
7

You just won the grand prize in a national writing contest! As your prize, you will receive $500 a month for 50 months. If you c

an earn 7 percent on your money, what is this prize worth to you today
Business
1 answer:
max2010maxim [7]3 years ago
3 0

Answer:

<u>Prize is $22,071.39 worth today</u>

Explanation:

Present value of Annuity = A*[(1-(1+r)^-n)/r]

A - Annuity payment = 500

r - rate per period = 6/12 = .5%

n - no. of periods = 50

Present value of Annuity = 500*[(1-(1.005)^-50)/.005]

= 500*[(1-0.77928606825)/.005]

= 500*44.14278635

= $22,071.39

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The decision-making themes covered in Business Analytics: Data Analysis &amp; Decision Making include which of the following?
MatroZZZ [7]

Answer:

B. Optimisation techniques.

Explanation:

You need this techniques because there's gonna be tons of data, and you need to filter, to follow a principal objective to focus in one point at the beginning. You need to optimize your processes.

5 0
3 years ago
Knowing what of the product life cycle a product is in helps marketers make intelligent and efficient marketing decisions?
givi [52]

Knowing what stage of the product life cycle a product is in helps marketers make intelligent and efficient marketing decisions.

<h3>What is the product life cycle?</h3>

The stages that a product goes through as it enters, establishes itself and leaves the market are defined by the Product Life Cycle (PLC). The product life cycle, in other words, outlines the stages that a product is likely to go through. Managers can use it to examine their products and create plans as they move through different stages.

When a product is first introduced to the market, a company frequently faces higher marketing expenses; nevertheless, as product adoption rises, more sales are realized.

When a product's adoption matures, sales stabilize and peak, however they may decline due to competition and obsolescence. When making business decisions, from pricing and advertising to expansion or cost-cutting, the idea of product life cycle might be helpful.

To learn more about the product life cycle, visit:

brainly.com/question/9363762

#SPJ4

4 0
2 years ago
A decline in the real GDP that occurs for at least two or more quarters is called a _______. a. recession c. recovery b. depress
vagabundo [1.1K]
A decline in the real GDP that occurs for at least two or more quarters is called a depression. The correct option among all the options that are given in the question is option "b". There is a very thin line of difference between recession and depression. when the real GDP falls for a repeated number of periods, then it is depression.
6 0
3 years ago
Chamonix Chateau Rentals. You are planning a ski vacation to Mt. Blanc in Chamonix, France, one year from now. You are negotiati
nata0808 [166]

Answer:

The budgeted $ amount is  $13,680.88  

Explanation:

The purchasing power parity formula gives us an idea what an exchange spot rate would be in future period using the below formula:

Future spot rate=current spot rate*(1+US inflation)/(1+French inflation)

current spot rate=$1.3620

US inflation rate is 2.50%

French inflation is 3.50%

Future spot rate=$1.3620*(1+2.5%)/(1+3.5%)

future spot rate=$1.3488

The weekly cost of vacation would also be adjusted for inflation rate in France as follows:

Adjusted price=9800*(1+3.5%)=10143

Hence the cost of the one week rental would be 10143  multiplied by the future spot exchange rate of 1.3488 i.e $ 13,680.88   (10143*1.3488)

7 0
3 years ago
Lizzie Corporation has provided the following information about one of its laptop computers: Date Transaction Number of Units Co
hoa [83]

Answer:

the ending inventory using the FIFO cost flow assumption is $282,900

Explanation:

The computation of the ending inventory using the FIFO cost flow assumption is shown below;

But before that first we have to determine the ending inventory units i.e.

= 280 + 380 + 480 + 290 - 1,200

= 230 units

So, the ending inventory is

= 230 units × $1,230

= $282,900

Hence, the ending inventory using the FIFO cost flow assumption is $282,900

8 0
3 years ago
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