It is true that when marketing objectives are attainable and challenging, they motivate those charged with achieving the objectives.
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What is marketing?</h3>
Marketing involves promoting a particular products. It involves setting an objective which when attainable will make the workers happy and willing to do more even when tedious.
Therefore, It is true that when marketing objectives are attainable and challenging, they motivate those charged with achieving the objectives.
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Answer: See explanation
Explanation:
a. Determine the due date of the note.
The due date will be gotten by calculating the date that will make 120 days starting from April 9th. This will be:
April = 30 - 9 days = 21 days
May = 31 days
June = 30 days
July = 31 days
August = 7th day.
Therefore, August 7 is the due date
b. Determine the maturity value of the note.
Amount of interest on note = 96000 x 10% x 120/360
= 96000 × 0.1 × 1/3
= $3200
Then, Maturity Value will be:
=$96000 + $3200
= $99200
c. Journalize the entry to record the receipt of the payment of the note at maturity.
7th August:
Debit: Cash = $99200
Credit: Note receivable = $96000
Credit: Interest revenue = $3200
(Note receivable realized)
Answer: $1,800
Explanation:
Operating expenses comprise of only insurance and wages.
The total operating expenses were $5,000.
Out of that $5,000, $400 was for an increase in wages, $4,000 was paid off.
The rest is therefore for insurance.
= 5,000 - 400 - 4,000
= $600
If $600 is the insurance payment during the year then on 1/1/23, the balance was the current balance plus the payment;
= 1,200 + 600
= $1,800
Answer:
b.1.08.
Explanation:
The computation of the present value index is shown below;
As we know that
Present Value Index = Present value of Net Cash Inflow ÷ Initial Cash outflow
where,
Initial investment = $420,000
And, the present value of net cash inflows are
Year Cash Flow (in $) PVF at 10% Present Value (in $)
1 180,000 0.909 163,620
2 120,000 0.826 99,120
3 100,000 0.751 75,100
4 90,000 0.683 61,470
5 90,000 0.621 55,890
TOTAL 455,200
So, the present value index is
= $455,200 ÷ $420,000
= 1.08
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