1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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>
You might be interested in
What are the four steps you can take if you are at risk of becoming unemployed
a_sh-v [17]

Answer:show up on time, accept overtime

Explanation:

5 0
3 years ago
Energy-wise Builders, Inc., a leader in residential housing, recently negotiated a financing arrangement with First Pennsylvania
MakcuM [25]

Answer:

revolving credit agreement

Explanation:

3 0
3 years ago
Loft Industries sells roof trusses to contractors and builders and is currently looking for honest feedback on its services. How
astra-53 [7]

Answer:

The correct answer is C. Mail questionnaires.

Explanation:

Given that the company needs honest and sincere feedback regarding the quality of its products, and that its clients have so far not given the desired answers due to their education and lack of critical focus as a way to avoid hypothetical conflicts, the correct way to obtain honest and impersonal feedback regarding the quality of their products would be through mail questionnaires.

This is so because through these questionnaires, direct contact between the members of the company and its clients would be avoided, making the criticism or assessment much less personal for the client, which could be expanded without fear of possible reproach on the part of the members of Loft Industries. In this way, a space of sincere expression would be generated that would allow an objective assessment on the part of the clients.

8 0
3 years ago
Red Empire Inc., a large multinational company owned by two partners, is active in the petroleum, capital market, chemicals, ste
Nezavi [6.7K]

Answer:

D. A conglomerate

Explanation:

A Conglomerate is a big corporation that is composed of a various combinations of business entities seemingly unrelated but under one corporate group. It is a big organization that has numerous products and services which vary extensively from one another. It is a big parent company comprising of many subsidiaries producing different products and offering different services. In this case, Red Empire is a conglomerate, the parent company having subsidiaries in petroleum, capital markets, chemicals, steel, beverages, hospitality, airlines, education, automobiles, and consumer electronics industries all with their various brand names.

3 0
3 years ago
Western auto inc. pays a​ $1.77 preferred dividend every quarter and will maintain this policy forever. what price should you pa
zhuklara [117]
The answer is $76.54  Let us use 3 months as our period. Thus, we restate the annual required rate of9.25% as a quarterly (or three-month) rate of  = 2.3125% (or 0.023125).  Applying the constant dividend model with infinite horizon and with the  quarterly rate of return and a quarterly dividend of $1.77, we get:  = $76.54<span>.

Price of Preferred Stock = Dividend / required return of rate - growth rate</span>
7 0
3 years ago
Other questions:
  • Julio used when he set goals, developed action plans, reviewed progress and took corrective action as needed, and appraised perf
    13·1 answer
  • Each month jessica buys exactly 15 big macs regardless of the price. jessica's price elasticity of demand for big macs is:
    11·2 answers
  • Professor Quark opens his own company, Electronic Tutorial Services, and completes the following transactions in June:
    12·1 answer
  • Assume the Electronics Division of ABC Electronics had the following data from last year: Net sales $100,000 Operating income $3
    12·1 answer
  • Izzy Division of Marine Boats Corporation had the following results last year (in thousands). Sales $4,700,000​ Operating income
    6·1 answer
  • To discourage competitive entry, a company can price its new product low, using penetration pricing. This pricing strategy also
    10·1 answer
  • What is meant by requirements gathering, and why is it important to clearly define the data requirements of a database before cr
    11·1 answer
  • Suppose Ollah decides to order 200 bags at a time. What would the total ordering and holding costs for the year​ be? (For this​
    7·1 answer
  • If the price of Yoo-hoo is $2 in New York and $1 in St. Petersburg, Russia (after converting the rubles to dollars), you might e
    6·1 answer
  • On January 2, Yorkshire Company acquired 29% of the outstanding stock of Fain Company for $440,000. For the year ended December
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!