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horsena [70]
3 years ago
8

Eric's textbook costs $90, and he can resell it in one year's time for $45. if the annual interest rate is 10%, then the present

value of the textbook's resale value (to the nearest dollar) is
Business
1 answer:
Archy [21]3 years ago
7 0
<span>$41 Given a discount rate, the present value (PV) of money you expect to receive in the future (FV) at a specified interest rate (R) for a specified number of periods (N) is PV = FV/(1+R)^N So let's plug in the known values and solve. PV = 45/(1+0.10)^1 PV = 45/(1.10)^1 PV = 45/1.10 PV = 40.90909091 Rounding to the nearest dollar gives $41</span>
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Charles, the president of an IT company, is friends with Levi, the CEO of Cyber Industries, a company that develops and manufact
Akimi4 [234]

Answer: Option A

 

Explanation: In simple words, Ponzi scheme refers to a scheme in which a company deceit their earlier investor by paying them from the funds of recent investors in the form of profits.

In the given case, Levi deceited Charles by making him believe of a strategy that may or may not exist in his organisation. Thus, he will pay charles from the money that he will gain from the market after the announcement of the new processor.

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

7 0
4 years ago
Palmer goes to a truck dealership and asks for a truck capable of handling a 5000-pound load.He makes it clear that it is up to
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Answer:

Correct Answer:

B) Implied warranty of fitness

Explanation:

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<em>Since there was a bridge of warranty by the truck dealership despite Palmer demanding the best truck, he would be able to sue the dealership under implied warranty of fitness.</em>

4 0
3 years ago
Marquis Company estimates that annual manufacturing overhead costs will be $809,000. Estimated annual operating activity bases a
navik [9.2K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Marquis Company estimates that annual manufacturing overhead costs will be $809,000. Estimated annual operating activity bases are direct labor cost $494,000, direct labor hours 52,400, and machine hours 108,200.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Direct labor:

Estimated manufacturing overhead rate= 809,000/494,000= $1.64 per direct labor dollar

Direct labor hours:

Estimated manufacturing overhead rate= 809,000/52,400= $15.44 per direct labor hour

Machine hours:

Estimated manufacturing overhead rate= 809,000/108,200= $7.48 per machine hour

8 0
3 years ago
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likoan [24]

Answer: Probably B.

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3 years ago
Amalgamated to American Fashions are made with terms nt60. and the two companies use perpetual inventory systems. Assume the fol
creativ13 [48]

Answer:

See the attached picture for answer.

Explanation:

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3 years ago
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