Answer:
B - $13,556.82
Explanation:
Amount to be invested is equal to the present value of future inflows
Present value = future value/(1+Interest rate)^Number of years
The actual amount at the end of the first year should be $3000 if there is an answer in the options
The amount at the end of the second year is $4000
The amount at the end of the third, fourth and fifth year is $5000
Hence, amount to be invested = 3000/(1.17) + 4000/(1.17)^2 + 5000/(1.17)^3 + 5000/(1.17)^4 + 5000/(1.17)^5
= $13,556.82
Hence, the answer is $13,556.82
A press conference serves to answer question regarding the organization and any information that the organization wishes to share.
Answer:B.40.9%
Explanation:
If $675 spend on mortgage and his monthly income is $1650
So the percentage will be:
$675 / $1650 × 100
= 0.409 ×100
= 40.9%
Answer:
Whispering Winds Gross profit is $402,100
Explanation:
Multi step income statement differentiate the the operating revenue and expenses from non operating revenue and expenses. It shows the gross profit, operating profit and net profit separately.
Whispering Winds Corp.
Income statement for the year 2019
Net sales $973,000
Less: Cost of goods sold <u>$570,900</u>
Gross Profit $402,100
Less:Operating expenses <u>$220,300</u>
Operating Profit $181,800
Less: Interest expense <u>$14,600 </u>
Profit before Tax $167,200
