$4 million.
An item is worth what the market is willing to pay for it, which is sometimes different than the estimated value.
Answer:
The amount to save now is = $862.03 (to 2 decimal places)
Explanation:
In order to solve this, we will compute the end-of-year amounts using the 5% increase each year. This is done as follows:
Year 1 ending = $200
Year 2:
Year 2 beginning price = $200
Note that 5% increase = 5/100 = 0.05
increase in year 2 = 5% of 200 = 0.05 × 200 = 10
Year 2 new price = 200 + 10 = $210
Year 3:
beginning price = $210
increase in year 3 = 0.05 × 210 = $10.5
Year 3 new price = 210 + 10.5 = $220.5
Year 4
beginning price = $220.5
interest in year 4 = 0.05 × 220.5 = 11.025
new price in year 4 = 220.5 + 11.025 = $231.525
Next to calculate the amount needed to pay for one travel ticket per year for the next four years, we will add the prices of the tickets each year as follows:
Total amounts needed = 200 +210 + 220.50 + 231.53 = $862.03
Answer:
E. instrumental support
Explanation:
Instrumental support is generally the assistance or support an individual receives from their colleagues that is tangible.
Sam, Danny's colleague, observing his stressful situation and then volunteered to assist Danny in meeting the deadline is an example of an instrumental support.
Answer:
$559,000
Explanation:
Data provided as per the question below:-
Sales = $915,000
Variable cost of goods sold = $253,000
Fixed cost of goods sold = $103,000
The computation of gross margin is shown below:-
Gross Margin = Sales - Variable cost of goods sold - Fixed cost of goods sold
= $915,000 - $253,000 - $103,000
= $915,000 - $356,000
= $559,000
