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vlada-n [284]
3 years ago
9

43) An annuity is set up that will pay $1500 per year for ten years. What is the present value (PV) of this annuity given that t

he discount rate is 9%? A) $5776 B) $9626 C) $11,551 D) $13,476
Business
1 answer:
11111nata11111 [884]3 years ago
4 0

Answer:

PV= $9,626.49

Explanation:

Giving the following information:

Cash flow= $1,500

Interest rate= 9%

Number of years= 10

First, we will determine the future value, using the following formulas:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {1,500*[(1.09^10) - 1]} / 0.09

FV= $22,789.395

Now, the present value:

PV=FV/(1+i)^n

PV= 22,789.395/(1.09^10)

PV= $9,626.49

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A rent ceiling results in a shortage. As a result, which of the following do you expect? O a black market for apartments whereby
zheka24 [161]

Answer:

The correct answer is: black market for apartments whereby higher rents are obtained through various other charges.

Explanation:

A price ceiling refers to an upper limit fixed for the price of a product or service. A rent ceiling means that rent cannot be charged higher than this limit.  

This rent ceiling would create higher demand and a smaller supply of apartments. This is because of law of demand and law of supply.  

Because of shortage of apartments in the market, a black market will be created where the apartment owners will be able to charge higher rents through other charges.

6 0
3 years ago
Bonita Industries had the following bank reconciliation at March 31, 2020: Balance per bank statement, 3/31/20 $74600 Add: Depos
drek231 [11]

Answer:

$50,400

Explanation:

Cash Balance as per bank statement                        $62,900

[$69700+$25300-$20400+$87600-$99300]

Less: Outstanding checks at April 30, 2020              <u>$12,500</u>

Adjusted Cash balance per bank                               <u>$50,400</u>

So, the cash balance per books at April 30, 2020 is $50,400

5 0
3 years ago
The symbol in flow-charting that is used to mark the point in the process where the analysis skips to another common point of th
Nostrana [21]

<u>Full question:</u>

The symbol in flowcharting that is used to mark the point in the process where the analysis skips to another common point of the process is called:

a. Terminator icon

b. Line connector icon

c. Connector icon

d. Process icon

<u>Answer:</u>

The symbol in flow-charting that is used to mark the point in the process where the analysis skips to another common point of the process is called connector icon

<u>Explanation:</u>

Connector Symbol Symbolizes that the flow proceeds where an equal symbol has been assigned. Connector symbols perform it more accessible to combine flowcharts that traverse many pages. A loop may, consists of a connector where controller first begins, processing steps, a qualified with 1 arrow exiting in the loop, and one running back to the connector.

Off-page connectors are often employed to imply a connection to a  process carried on another sheet. Connectors are regularly labeled with capital letters to dispense coordinating jump points.

4 0
3 years ago
What are the four elements of the marketing mix?
Maksim231197 [3]

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Price - cost of the product

Product - the type of good being sold

Place - how the product will get to the consumer (store, internet, etc)

Promotion - what marketing activities will be used to communicate the product (advertising, sales, etc)

5 0
3 years ago
When selling convenience goods such as tobacco, newspapers, chewing gum, and potato chips to convenience stores, companies often
valentinak56 [21]

Answer: intensive distribution

                 

Explanation: In simple words, it refers to a marketing strategy under which a company offers its product through as many outlets as possible in the market so that customers can easily find their product when in need.

The core objective of implementing thus Strategy is to make customer satisfied regarding the availability. These strategy is implemented for the products that already have a strong customer base.

Hence from the above we can conclude that the correct option is B.

5 0
3 years ago
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