Fill in the blank: The best way to achieve a short-term money goal is to ______

I am trying to convince my dad to let me be Interior Designer. What are some resons for me to become a Interior Designer?

Elodia [21]

Answer:

Explanation:

1 You can manage your time according your scheduled projects.

2 You can have a lot of costumers around the world

3 It is a profitable niche if you are skilled.

4 Your brain always gonna be creative and curious.

5. You can travel around the world with your knowledge.

6. If you are a good one, you maybe have a lot of followers in your networks liking your work.

7 And if really is your passion job, you will be happy in your life.

Best regards

4 0

3 years ago

A clothing manufacturing firm is deciding whether or not to invest in new machinery. The machinery costs $45,000 and is expected

Nostrana [21]

The present value of the cash flows is 51020.41

<h3>What is Compound Interest?</h3>

Compound interest, often known as interest on principal and interest, is the adding of interest to the loan or deposit principal. It occurs when interest is reinvested, added to the lent capital instead of being paid out, or the borrower is required to pay it, resulting in the next period's interest being generated on the principal amount plus any accumulated interest.

In the question it is given that:

Equipment cost $45,000.

first year's cash flow was $25,000

second-year cash flow $30000

5% interest is charged.

We are aware that the following relationship can be used to calculate the present value.

$PV = FV X (1+r)^{n}$

PV stands for present value, Future Value is FV, and the rate of interest is r.

Consequently, the present value is calculated as

$PV = 25000 X (1+0.05)^{-1} + 30000 X (1+0.05)^{-2}$

⇒ PV = 51020.41

To learn more about compound interest visit:

brainly.com/question/13481659

#SPJ4

4 0

2 years ago

Savings account A and savings account B both offer APRs of 2%, but savings account A compounds interest quarterly, while savings

Dimas [21]

Savings account B offers a higher APY because monthly compounding gives a better return than quarterly compounding.

Savings account A: Quarterly compounding: APY = (1+0.02/4)^4 -1 = 2.015%

Savings account B : Monthly compounding: APY = (1+0.02/12)^12 -1 = 2.018%

As we can see, Savings account B with monthly compounding produces a slightly higher APY than A and hence is better than A

8 0

3 years ago

Read 2 more answers

Leslie has completed the organizational design of her firm but is now interested in the second key informal building block, whic

34kurt

B.

list of standard operating procedures

8 0

3 years ago

James, Inc., has purchased a brand new machine to produce its High Flight line of shoes. The machine has an economic life of 5 y

My name is Ann [436]

Answer:

3,074 units sold or total revenue of $236,698 per year

Explanation:

cost of machine $540,000

depreciation expense per year = $540,000 / 5 = $108,000

contribution margin per unit sold = $77 - $29 = $48

we generally calculate the financial break even point of a business by using the following formula:

= EBIT × (1 - interest expense) × (1 - tax rate) - preferred dividends

But when we are dealing with projects, the financial break even point is the sales level at which the project's NPV = $0. If the sales level is lower, then the project will be rejected, and if the sales level is higher, then it should be accepted.

using an annuity formula, the free cash flow per year needed for the NPV = $0 is $540,000 / 3.8897 (PV annuity factor, 9%, 5 periods) = $138,828.19

$138,828.19 = {[(unit sales x $48) - $108,000] x 0.78} + $108,000

$30,828.19 = [(unit sales x $48) - $108,000] x 0.78

$39,523.32 = (unit sales x $48) - $108,000

$147,523.32 = unit sales x $48

unit sales = $147,523.32 / $48 = 3,073.40 units ≈ 3,074 units sold

3 0

3 years ago

Fill in the blank: The best way to achieve a short-term money goal is to _______.