Answer:
Resulta are below.
Explanation:
Giving the following information:
Nan:
Initial investment= $5,000
Interest rate= 7% compounded annually
Number of years= 60 - 25= 35
Neal:
Initial investment= $5,000
Interest rate= 7% compounded annually
Number of years= 60 - 30= 30
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1+i)^n
<u>Nan:</u>
FV= 5,000*(1.07^35)
FV= $53,382.31
<u>Neal:</u>
FV= 5,000*(1.07^30)
FV= $38,061.28
Answer: niche markets are often segments of larger industries and verticals.
Explanation: A niche market could stand apart from others because of Geographic area, lifestyle, occasion, profession, style, culture activity or habits, behavior, demographic, need, feature reduction or addition.
Answer:
The correct answer is $34,860.
Explanation:
According to the scenario, the given data are as follows:
Sales = $126,000
Fixed monthly expense = $42,000
Contribution margin ratio = 61%
So, contribution margin amount = $126,000 × 61%
= $76,860
So, we can calculate the net operating income by using following formula:
Net operating income = contribution margin amount - Fixed monthly expense
= $76,860 - $42,000
= $34,860