1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
german
3 years ago
5

e Department of Traffic Security of a city is considering the purchase of a new drone for aerial surveillance of traffic on its

most congested streets. A similar purchase 4 years ago cost $950,000. At an interest rate of 7% per year, what is the equivalent value today of the previous $950,000 expenditure?
Business
1 answer:
maks197457 [2]3 years ago
3 0

Answer:

The equivalent value of the expenditure today is = $1,245,256.21

Explanation:

The equivalent today of the 950,000 would be the future value compounded at 7% per year.

FV =  PV × (1+r)^n

FV - ?, PV - value 4 years ago, n- number of years, r- rate of return

PV - 950,000, n- 4, r-7%

FV = 950,000 ×(1.07^4)=  1,245,256.21  

The equivalent value of the expenditure today is = $1,245,256.21

You might be interested in
What type of wave is sound?
Irina18 [472]

Answer:

b longitudinal

Explanation:

it is b longitudinal. I just know

7 0
2 years ago
Read 2 more answers
As a product moves into the market maturity stage of its life cycle, the marketing manager should:____.
fenix001 [56]

As a product moves into the market maturity stage of its life cycle, the marketing manager should expect the market to move toward pure competition.

Maturity is the time when sales start to plateau from the boom. At this point, companies start cutting prices to remain competitive in the face of increased competition.

Maturation occurs after introduction and growth. Maturity is the longest stage in the product life cycle. At this stage, sales growth starts to decline. The company reaches a high point in the demand cycle. and promotional strategies have minimal impact on revenue growth. December 20, 2021

Learn more about market maturity stage here: brainly.com/question/25754149

#SPJ4

5 0
1 year ago
I need HELP!!!!!!!!!!
Brrunno [24]
Answer: D i think

Explanation:
7 0
2 years ago
Read 2 more answers
Which special advertising category has the objective of increasing visibility and increasing store traffic
TEA [102]
Bruh what is you talking bout I ain’t never seen to pretty best
5 0
2 years ago
True or false: standard rules exist to help managers identify appropriate allocation bases.
tangare [24]

False, standard rules doesn't exist to help managers identify appropriate allocation bases.

Standard Rules refers to strong moral commitments or ethics that allows smooth working of an organisation. It is basically fundamental requirements to govern an organisation. It could play a role in appropriate allocation bases but doesn't exist for it rather to keep check on principles and equality in an organisation. They are not legally binding. But, appropriate allocation bases require judgement. Managers use- the direct method or the sequential (or step) method or the reciprocal method, to develop judgements about allocation bases. Hence, the statement is false.

More on allocation of rsources brainly.com/question/5322091

#SPJ4

4 0
1 year ago
Other questions:
  • A rookie quarterback is negotiating his first NFL contract. His opportunity cost is 10%. He has been offered three possible 4-ye
    9·1 answer
  • The following expenditures relating to plant assets were made by Prather Company during the first 2 months of 2020. Opposite eac
    6·1 answer
  • _________________ is the method used to determine the number of units a firm must sell at a specific price to cover all costs.
    12·1 answer
  • The multiplier for a futures contract on a stock market index is $50. The maturity of the contract is 1 year, the current level
    9·1 answer
  • Accounts receivable arising from sales to customers amounted to $80,000 and $65,000 at the beginning and end of the year respect
    14·1 answer
  • Gibson company began august with 200 units of product br having a unit cost of $8 in inventory. relevant information is listed a
    6·1 answer
  • Match the threats in the left column to appropriate control procedures in the right col-umn. More than one control may be applic
    10·1 answer
  • what is the effective interest rate of a simple discount note of 8000 at an ordinary bank discount rate of 11%, for 120 days?
    10·1 answer
  • Butler Corporation is considering the purchase of new equipment costing $78,000. The projected annual after-tax net income from
    15·1 answer
  • T. Hillcrest Co. sold $500 of merchandise on a bank credit card with a 5% fee. The entry to record this sales transaction would
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!