Answer:
Instructions are listed below
Explanation:
Giving the following information:
An investment offers $6,600 per year for 10 years, with the first payment occurring one year from now. The required return is 5 percent.
A) FV= {A*[(1+i)^n-1]}/i
FV= {6600*[(1.05^10)-1]}/0.05= $83,014.09
PV= FV/(1+i)^n= 83,014.09/1.05^10= $50,063.39
B) n=35
FV= {6600*[(1.05^35)-1]}/0.05= $596,114.03
PV= 596,114.03/1.05^35= $108,069.69
C) n=65
FV= {6600*[(1.05^65)-1]}/0.05= $3,014,866.87
PV= 3,014,866.87/ 1.05^65= $126,463.06
D) PV= 6600/0.05= $132,000
Answer:
Primarily for the benefit of persons outside of the business organization.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB). The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors.
Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. Thus, it includes balance sheet, statement of retained earnings and income statement. The information that are found in a financial statement are revenues, expenses, liability, equity and assets.
Hence, the primary objective of financial accounting is to provide accounting information for external users so as to enable them have a good understanding of the financial inclination of a business firm and thus, make an informed decision whether or not to invest in the business firm.
In Accounting, the external users of a financial accounting information includes customers, creditors, investors shareholders and government regulators.
Answer:
Teaching or asking a study partner the questions.
Explanation:
When you teach someone you take in the knowledge better and get to help someone else out.
Business ethics will never tell you exactly what to do in all decisions. The study of business ethics is designed to help you understand the importance of your decisions, inform you of impacts, describe the ethical decision-making process, and help you recognize ethical issues, but it will not tell you what to do. It will simply give you the tools necessary to make a decision.
