Answer:
PV= $1,876.87
Explanation:
Giving the following information:
Rosalie wants to have $7,500 in 18 years. Use the present value formula to calculate how much Rosalie should invest now at 8% interest.
We need to use the following formula:
PV= FV/(1+i)^n
PV= 7,500/(1.08^18)= $1,876.87
Answer:
6.92%
Explanation:
The computation of the annually compounded rate of interest is presented below:
Future value = Invested amount × (1 + rate)^number of years
where,
Invested amount = $1,800
Rate = ?
Number of years = 1 year
The future value = $1,924.62
So, the rate is
$1,924.62 = $1,800 × (1 + rate)^1
After solving this, the rate is 6.92%
Answer:
expense 15,000 Wages expense 450,000
Explanation:
The mission statement could have focused on affordable furniture (product-oriented), but instead, it focuses on making life better for its customers. this example shows that market-oriented firms shape their mission statement in terms of customer benefits
<h3>What is Marketing?</h3>
This refers to the creation of awareness for a product to a customer base to drive them to buy.
Hence, we can see that The mission statement could have focused on affordable furniture (product-oriented), but instead, it focuses on making life better for its customers. this example shows that market-oriented firms shape their mission statement in terms of customer benefits
Read more about marketing here:
brainly.com/question/25754149
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Answer:
Net income= $24,550
Explanation:
The contribution margin ratio is <u>the result of deducting from sales all the variable costs, </u>expressed as a<u> percentage.</u>
<u></u>
<u>First, we need to calculate the total contribution margin:</u>
Total contribution margin= sales*contribution margin ratio
Total contribution margin= 103,000*0.85
Total contribution margin= $87,550
<u>Now, the net income:</u>
Net income= 87,550 - 63,000
Net income= $24,550