Answer: c. $94,240
Explanation:
On December 31, 2005, one payment has already been made which would mean that only 7 payments are left. As the first of these remaining 7 will be paid the year after, this is an ordinary annuity.
Note payable value = Present value of seven $20,000 payments
= 20,000 * Present value of ordinary annuity of 1 at 11% for 7 years.
= 20,000 * 4.712
= $94,240
Answer:
$69,000 per year
Explanation:
the total economic cost of going to college = college expenses + implicit costs
- college expenses = $30,000
- implicit costs (opportunity costs) = $45,000 x 2 = $90,000
total economic cots = $30,000 + $90,000 = $120,000 / 5 years
if you want to recover your college costs in 5 years, you will need to recover $120,000 / 5 = $24,000 per year
so you would need to earn = $45,000 (old salary) + $24,000 = $69,000 per year
*opportunity costs are the additional costs or benefits lost from choosing one activity or investment over another alternative.
Basically, the students would expect to pay the prices affixed in times of promotion. This is especially so if the promotions programs are done on a constant basis and if they result to massive interests in the products on offer.
In reality though, the students would have expected to pay the normal prices since promotions are temporary and can never and should never be used as a main selling strategy.
Traditionally, small businesses tended to be concentrated in the retail or retailing industry.
The retail industry involves a business that sells good or services to a consumer. The sell these items based on the demand of the good or service. Even today, the retail industry is growing fast and still one of the main focuses of small businesses.
Answer:
Correct option is (d)
Explanation:
Corporate social responsibility is an initiative taken by companies to act for the benefit of the society. Since companies utilize resources from the society, it their responsibility to give back to the society in the form of charity to non governmental organizations, welfare of underprivileged and protecting the environment.
Here, though Enron was undertaking unethical means for personal benefits, it was also carrying out corporate social responsibility by donating to Houston area charities.
