DRIVERS ED

Tina is an expert gardener. she provides services like setting up new gardens, maintaining gardens, and landscaping. in the cont

vlada-n [284]

Based on the given description, Tina’s services fall into the category of possession processing services.

Possession processing service is defined as providing a service to goods or other physical possessions that the customer owns.

Thus, because Tina provides a service to people’s garden, her service falls into this category. Other examples for possession processing service include shoe cleaning service, plumbing, and housekeeping.

8 0

3 years ago

You invest a single amount of $10,000 for 5 years at 10 percent. At the end of 5 years you take the proceeds and invest them for

FinnZ [79.3K]

Answer:

$86,166.31

Explanation:

We use future value (FV) formula as follows:

Step 1: Calculation of amount to have after five years:

Five years FV = $10,000 × (1 + 0.1)^5

= $10,000 × (1.01)^5

= $10,000 × 1.61051

Five years FV = $16,105.10

Therefore, $16,105.10 will be realized after five years.

Step 2: Calculation of amount to have after twelve years:

Twelve years FV = $16,105.10 × (1 + 0.15)^12

= $16,105.10 × (1.15)^12

= $16,105.10 × 5.35025010547371

Twelve years FV = $86,166.31

Therefore, you will have $86,166.31 after 17 years.

4 0

3 years ago

2. Compare the performance of East Coast Yachts to the industry as a whole. For each ratio, comment on why it might be viewed as

Sati [7]

Answer: hello your question has some missing data attached below is the missing data

answer :

i) The current ratio is higher than lower quartile and this signifies good liquidity position

The Quick ratio is higher than the lower quartile and also higher than the median but it is lower than the upper quartile and this signifies that the value of inventory is been deducted from the current assets. to show solvency position.

ii) Inventory Turnover Ratio is higher when compared to the industry ratios

Explanation:

i) Based on each ratio

The current ratio is higher than lower quartile and this signifies good liquidity position for east coast yachts but the value of the lower quartile been lower than the median and upper quartile represents a position of lower solvency

The Quick ratio is higher than the lower quartile and also higher than the median but it is lower than the upper quartile and this signifies that the value of inventory is been deducted from the current assets to show solvency position of the company.

ii) The ratio can be interpreted as

Inventory Turnover Ratio is higher when compared to the industry ratios i.e. Inventory is been turned into cash by maximum times/as many times as possible per year.

3 0

3 years ago

The check is written and signed by A. Payee B. Drawee C. Payer D. Drawer

amm1812

Answer:

The check is written and signed by a payer

Explanation:

Checks are written by payers before any disbursement could be made, this must be strictly followed to enable smooth transaction and make such checks tenable in any bank.

8 0

3 years ago

Read 2 more answers

esse Pinkman is thinking about trading cars. He estimates he will still have to borrow $31,000 to pay for his new car. How larg

MA_775_DIABLO [31]

Answer:

Jesse's monthly car loan payment has to be $2,716.75.

Explanation:

Jesse's monthly car loan payment can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or amount to borrow = $31,000

P = Monthly car loan payment = ?

r = Monthly interest rate = APR / Number of months in a year = 9.4% / 12 = 0.094 / 12 = 0.00783333333333333

n = Number of months = Number of year * Number of months in a year = 1 * 12 = 12

Substitute the values into equation (1) and solve for P, we have:

$31,000 = P * ((1 - (1 / (1 + 0.00783333333333333))^12) / 0.00783333333333333)

$31,000 = P * 11.4106954292971

P = $31,000 / 11.4106954292971 = $2,716.75

Therefore, Jesse's monthly car loan payment has to be $2,716.75.

8 0

3 years ago