The seasonal sales indexes for the Black Lab ski resort are 1.20 for January and .80 for December. If December sales in 1998 were $5,000, a reasonable estimate of sales in January 1999 is $7,500.
(1.20 * 5000) % .80 = 7,500.
Sales are actions related to selling or the number of products sold in a specific time period. A sale is also defined as the provision of a service for a fee. The seller, or the provider of the products or services, completes a sale in response to an acquisition, appropriation, requisition, or direct interaction with the customer at the point of sale. The item's title (property or ownership) is transferred, and a price is agreed upon. The seller, not the purchaser, normally executes the sale, and it may be done prior to the obligation of payment.
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Answer:
The correct answer is option D) A Master Budget is is a substitute for the management functions of planning and coordination.
Explanation:
A master budget is not the initial budget a company makes, It is the final budget that incorporates all other specific budgets such as financial budget, operational budget, production budget, marketing budget and ore.
It serves a central planning tool that a management team uses to direct the activities of a company, set targets and execution strategy.
It also provides a framework to judge performance for respective departments.
Answer:
2.43 %
Explanation :
Real Interest rate = (1 + nominal rate) / (1 + inflation rate) - 1
therefore,
Real Interest rate = 1.052 / 1.027 - 1
= 2.43 %
the approximate real rate of interest is 2.43 %
Answer:
a. $80,318.70
b. $97,568.57
Explanation:
Here is the full question :
You have just received a windfall from an investment you made in a friend's business. She will be paying you $ 15 comma 555 at the end of this year, $ 31 comma 110 at the end of next year, and $ 46 comma 665 at the end of the year after that (three years from today). The interest rate is 6.7 % per year. a. What is the present value of your windfall? b. What is the future value of your windfall in three years (on the date of the last payment)?
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 = $ 15,555
Cash flow in year 2 = $31,110
Cash flow in year 3 = $ 46,665
I = 6.7%
Present value = $80,318.70
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
$80,318.70(1.067)^3 = $97,568.57
