If Susan had no previous balance on her credit card, and she manages to pay off the balance within 1 month, how much will she ha
1 answer:
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Answer:
$ 127,773.36
Explanation:
The professor will be in sabbatical in years 7, 14, 21, 28, 35 and 42
In each of these years, he receives full pay amounting to=50,000
The PV of the sabbatical full pay
=
=50,000/(1+4%)^7+ 50,000/(1+4%)^14+ 50,000/(1+4%)^21+ 50,000/(1+4%)^28+50,000
/(1+4%)^35+ 50,000/(1+4%)^42
==50,000/(1+4%)^7+ 50,000/(1+4%)^14+ 50,000/(1+4%)^21+ 50,000/(1+4%)^28+50,000
/(1+4%)^35+ 50,000/(1+4%)^42
=
=37,993.92 + 28,868.36 + 21,939.45 + 16,672.22 + 12,671.06 + 9,628.35
= $ 127,773.36
Thus, at an interest rate of 4%, the present value of all the sabbatical earnings amount to $ 127,773.36
Answer:
(A)
240,000 margin of safety in dollars
20% as percent of sales
(B)
actual sales= 11,250,000
Explanation:
1,200,000 - 960,000 = 240,000 margin of safety in dollars
240,000/1,200,000 = 0.2 x 100 = 20%
For B we will determinate the BEP in dollars and then add the 20% margin of safety.
BEP = 9,375,000
BEP x ( 1+margin of safety) = actual sales
BEP x (1 + 20%) = 11,250,000