Suppose that a country bandcountry band called Only HereOnly Here has released its first CD with WantedWanted Records at an inte
1 answer:
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Answer:
a. $169,800
Explanation:
As for the provided information we have,
Sales data, for each month
July $120,000
August $211,000
September $198,000
Cash receipt budgeted for September shall be:
36% of sale of the month of July = $120,000 36% = $43,200
60% of sale of the month of August = $211,000 60% = $126,600
Thus, total expected amount = $169,800
Therefore, correct option is
a. $169,800
Answer:
$8,770.00
Explanation:
In this question we use the present value formula i.e shown in the attachment below:
Data provided in the question
Future value = $0
Rate of interest = 0.48%
NPER = 4 years × 12 months = 48 months
PMT = $205
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the answer would be $8,770.00
