Answer:
$115,643
Explanation:
The condo is now valued at $500,000
--> Future value (FV) of the condo in 5 years in 500,000 x 1.08^5 = $734,664
n = 5 years
i/r = 12%
Present value (PV) of the deposit now = 0 (no deposit has been made)
PMT (Amount of annual deposit need to be made) = ?
In order to find PMT, we need to input all the above info into financial calculator.
PMT = $115,643
Answer: $10
Explanation:
First, we need to calculate the total budgeted selling and administrative expenses for March which will be:
Advertising = $50,000
Add: Executive salaries = $60,000
Add: Depreciation on office equipment = $20,000
Add: Other = $40,000
Total = $170,000
Since the company has budgeted to sell 17,000 Debs in March, then the average budgeted selling and administrative expenses per unit sold for March is:
= $170000 / 17000
= $10
Answer:
$88.88 or $89 (Approx)
Explanation:
Each point is equal to the 1 percent so, 2 points is equal to the 2%.
Amount of points paid = Borrowed amount × Points percentage
= $400,000 × 2%
= $8,000
Total number of months = Year × Months in a year
= 30 × 12
= 360
Number of months in the deduction year = September to December
= 4
Amount of deduction:
= (Amount of points paid ÷ Total number of months) × Number of months in the deduction year
= ($8,000 ÷ 360) × 4
= $32,000 ÷ 360
= $88.88 or $89 (Approx)
Answer:
a) patent and copyright laws
d) ownership of a critical factor of production
Explanation:
a monopoly is when there is only one firm operating in an industry.
the different reasons why monopoly exists are :
ownership of a key resource. this is natural monopoly
high start up cost
legal barriers - patent and copyright laws
Economies of scale.
The benefit of using oil versus tempera paint is that Oil is more flexible and allows artists to make changes easily.
Oil painting is an act of painting with oil colors. These oil colors contain a pigment that is submerged in drying oils.
Oil colors for artists are created by combining dry powder pigments with chosen refined linseed oil to form a thick paste.
Tempera paint is an irreversible, rapid drying painting media made up of colored pigments blended with a water-soluble binder media, a typically glutinous substance like egg yolk.
Tempera paint is popular in classrooms and may be spread with a brush.
A stricken benefit of Oil paint over tempera paint is that Oil is more flexible and allows artists to make changes easily.
Learn more about Oil painting here;
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