Answer:
The main aim for economic activities is production of goods and making sure that it reaches the end consumer. Therefore business is considered an economic activity because it ensures production, sale, distribution of goods and services in order to satisfy consumer wants, with the purpose of making good profits
Explanation:
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The promise to pay a specified amount of interest each year plus the principal in five years. - Bonds.
What is interest?
The monetary fee for the privelidge of borrowing money is known as interest. Interest expense or revenue is frequently expressed in monetary terms, whereas the interest rate used it to calculate interest is usually expressed in annual percentage rate(APR). The amount of money received by a lender or financial institution in exchange for lending money is referred to as interest. The amount of ownership a share holder has in a company, usually expressed as a percentage, is also referred to as interest. Interest is indeed the concept of compensating one celebration for taking a risk and foregoing the ability to use funds, while penalising another party for using someone else's funds. The person who is temporarily parting with their money is owed compensation, and the person who is temporarily using those funds is frequently required to pay the above compensation.
To learn more about interest
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Answer:
PV= $7,424.44
Explanation:
Giving the following information:
Annual payment (A)= $910
Number of periods (n)= 12 years
Rate of return (i)= 6.5%
<u>To calculate the value of the investment today (PV), we need to use the following formula:</u>
PV= A*{(1/i) - 1/[i*(1 + i)^n]}
PV= 910*{(1/0.065) - 1/ [0.065*(1.065^12)]}
PV= $7,424.44
Answer:
b) $870,000.
Explanation:
Step 1. Given information.
- the Cancer Society raised $900,000 in pledges of financial support for general operations
- Collected 600.000
- The society estimates that 10% of the remaining pledges will be uncollectible
Step 2. Formulas needed to solve the exercise.
Net amount revenue = Mount raised - (remaining pledges * estimation of uncollectibles revenues)
Step 3. Calculation.
$900.000 - $300.000 * 10% = 870.000
Step 4. Solution.
The NET amount of revenue the society should recognize during the current year from this pledge drive is 870.000
Wrigley's chewing gum is the same product whether you buy it in japan, great Britain, brazil, or the United States. Wrigley's sells the same products around the world. It has adopted a straight extension strategy. A straight extension strategy is when a company markets a product in a foreign market.
