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harina [27]
3 years ago
5

"You found out that now you are going to receive payments of $8,500 for the next 16 years. You will receive these payments at th

e beginning of each year. The annual interest rate will remain constant at 11%. What is the present value of these payments
Business
1 answer:
Paraphin [41]3 years ago
5 0

Answer:

Present value= $62,722.875≈ $62,723

Explanation:

To calculate present value use this formula

Present value= Yearly payment*{[1-(1+rate)^-period]/rate}

Present value= 8,500*{[1-(1+0.11)^-16]/0.11}

Present value= 8,500* {0.8117/0.11}

Present value= 8500*7.379= $62,722.875

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Michael operates his health food store as a sole proprietorship out of a building he owns. Based on the following information re
11Alexandr11 [23.1K]

Answer:

c. $31,000

Explanation:

Calculation for the Net self-employment income

Gross receipts $100,000

Less Cost of goods sold ($49,000)

Less Depreciation expense ($5,000)

Less Utilities($6,000)

Less Real estate taxes ($1,000)

Less Sec. 179 expense ($1,000)

Less Mortgage interest ($7,000)

Net self-employment income $ 31,000

Therefore the Net self-employment income will be $ 31,000

7 0
3 years ago
The marketing channels for services are usually Group of answer choices characterized by two to three intermediaries. complex an
Anna71 [15]

Answer:

direct from provider to customer

Explanation:

Service industry is different from the product industry in terms of the marketing channels used. While the product marketing includes thorough examination of possible marketing channels, the service industry has a main marketing channel concept - providing service directly from the provider to customer.

6 0
3 years ago
How does Lincoln honor the battle of Gettysburg in his address? What did the soldiers fight for in his opinion?
Pani-rosa [81]

Answer:

a. He honors the battle in his address using the following words, ''Now we are engaged in a great civil war, testing whether that nation or any nation so conceived and so dedicated, can long endure. We are met on a great battle-field of that war.''

b. In his opinion the soldiers fought for freedom, equality and human rights.

Explanation:

The Gettysburg address was a short speech made by Abraham Lincoln on November 19, 1863 at the official dedication ceremony in Pennsylvania at the site of the battle field after the civil war. It was a declaration of freedom and independence and further cemented the soldiers sacrifice for equality and human rights.

He honored the battles by reiterating that the sacrifice made by the soldiers will not be in vain. This he does by saying that the soldiers themselves whether alive or dead have already consecrated the ground of battle and no further addition or detraction is needed. This meant that the battles itself was proof enough that the nation was ready for independence and justice.

Additionally, he also stated that the soldiers fought for freedom and the government for the people, by the people and of the people. This in other words means that the soldiers fought for democracy, where everyone is equal under the law. That equality and justice is the foundation upon which this newly independent nation has been built.

6 0
3 years ago
Essman might overlook strategic risks, the business plan at hand can be a good plan and the Product mix may be one of the best.
WITCHER [35]

Risk retention is good for the company as the good has the better strategies planned about the product mix and if the things changed in the future the company is able to conquer the loss.

<h3>What is product mix?</h3>

Product mix is the total number of products sell by  the particular company, the products can be further divided into the categories and division. Many big companies have the different line products like the cosmetics, glasses, home materials and others.

Thus, Risk retention is good for the company as the good has the better strategies

For more details about Product mix, click here:

brainly.com/question/17463487

#SPJ1

6 0
2 years ago
A food truck is an example of which kind of distribution channel?
Schach [20]
Did you ever find the answer?

4 0
4 years ago
Read 2 more answers
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