Answer:
$3000 to $12000
Explanation:
cost of office equipment varies in the first year of a business because it depends largely on the type of business and the scale at which the business is been run at but approximately $3000 to $12000 should be able to cover the cost of purchasing, maintain and also carrying out repairs on office equipment.
Rene will likely be into a sales clerk and/or banker. Sales clerk is advertising for a product(s) on the way she'll get customer feedback to improve product(s) for customer satisfaction.
Banker she will deal customers, monetary and/or salary issues.
Hope this helps :)
Answer: $18,128.27
Explanation:
Real interest rate = [( 1 + Nominal rate ) / ( 1 + inflation rate)] - 1
= [(1 + 13%) / ( 1 + 4.4%) ] - 1
= 8.2375478927203065134%
This is dealing with the future value of an annuity where $5,000,000 is that future value.
Future Value of an annuity = Amount * {[((1 + r )^n) - 1] / r}
5,000,000 = Amount * {[((1 + 8.2375478927203065134%% )^ 40) - 1] / 8.2375478927203065134%}
5,000,000 = Amount * 275.81229325572622843153903061969
Amount = 5,000,000/275.81229325572622843153903061969
= $18,128.27
Answer:
The quick ratio is 1.30
Explanation:
For Quick ratio Ending year data of Balance sheet will use.
Quick Ratio = Total Liquid Assets / Total Current liabilities
Total Liquid Assets = Cash + Accounts Receivable = 43700 + 91400 = 135100
Total Current Current Liabilities = Accounts Payable = 104300
Quick ratio = 135100 / 104300 = 1.30 answer round to two decimal places.
The ratio indicates that corporation has 1.30 quick assets to pay off their current liabilities. It shows good position of corporation. The ratio outcome shows corporation has strong short term solvency position hence corporation has strong liquidity position.
