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3 years ago

15

You are doing a financial forecast for your restaurant. Your marketing budget is 18,000 right now. You project it to grow by 18%

per year each year. What will you be spending on marketing in 5 years?

1 answer:

umka2103 [35]3 years ago

4 0

Answer:

on the 5th year: $34, 898

the total 5 years: $128,775.78

Explanation:

add 18% of 18,000 to 18,000

then add 18% of that sum to the sum

and so on

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The Cassil National Bank charges its customers $0.50 per transaction for using the ATM machine, if their deposit balance is belo

Anton [14]

Answer:

The correct answer is letter "C": a conditional pricing schedule.

Explanation:

A conditional pricing schedule is a pricing strategy in which what is charged to the customer depends on variable factors such as the size of the purchase or the type of products acquired. In <em>banking</em>, financial institutions tend to use this strategy usually according to the balance account holders have. The higher the balance the higher interest rates they pay to customers or the smaller fees they charge to promote clients have more money in the bank so the financial institutions can use those funds to invest.

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3 years ago

Closing the Accounts of a Merchandiser From the following list, identify the accounts that should be closed to Income Summary at

mixer [17]

Answer:

Advertising Expense , Cost of Merchandise Sold , Merchandise Inventory, Sales,Supplies Expense are closed to income summary account. Revenues and expenses are closed to Income Summary.

Explanation:

Closing Entries

a. Accounts Payable: No it is not closed to income summary account.

b. Advertising Expense: Yes it is closed to income summary account.

c. Cost of Merchandise Sold: Yes it is closed to income summary account.

d. Dividends : No these are closed To Retained Earnings Accounts.

e. Merchandise Inventory : Yes it is closed to income summary account

f. Sales Yes it is closed to income summary account

g. Supplies: No prepaid supplies are an asset account and it is included balance sheet.

h. Supplies Expense: Yes it is closed to income summary account

i. Wages Payable: Not closed in the income summary account.

These are liabilities and included in the balance sheet.

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4 years ago

International business is frequently referred to as world or

Bad White [126]

International business is frequently referred to as world or foreign trade. Foreign trade is trade that happens between two or more countries. International trade (foreign trade/world trade) is a way we are able to import and export goods expanding the items available to consumers.

6 0

3 years ago

Mary Kate, Ashley, Dakota, and Elle each want to buy a new home. Each needs to save enough to make a 20% down payment. For examp

Artist 52 [7]

Answer:

Mary Kate: $103,528.15

Ashley: $135,377.97

Dakota: $166,294.24

Elle: $187,409.00

Explanation:

Mary Kate

First, calculate the future value of investment

Future value of Investment = Annuity payment x ( 1 + Interst rate )^numbers of years - 1 / Interst rate = $3,900 x ( 1 + 3% )^5 - 1 / 3% = $20,705.63

Amount affordable = Future value of investment / Rate of down payment = $20,705.63 / 20% = $103,528.15

Ashley

First, calculate the future value of investment

Future value of Investment = Annuity payment x ( 1 + Interst rate )^numbers of years - 1 / Interst rate = $4,900 x ( 1 + 5% )^5 - 1 / 5% = $27,075.59

Amount affordable = Future value of investment / Rate of down payment = $27,075.59 / 20% = $135,377.97

Dakota

First, calculate the future value of the investment

Future value of Investment = Annuity payment x ( 1 + Interst rate )^numbers of years - 1 / Interst rate = $5,900 x ( 1 + 6% )^5 - 1 / 6% = $33,258.85

Amount affordable = Future value of investment / Rate of down payment = $33,258.85 / 20% = $166,294.24

Elle

First, calculate the future value of the investment

Future value of Investment = Annuity payment x ( 1 + Interst rate )^numbers of years - 1 / Interst rate = $5,900 x ( 1 + 12% )^5 - 1 / 12% = $37,481.80

Amount affordable = Future value of investment / Rate of down payment = $37,481.80 / 20% = $187,409.00

7 0

3 years ago

Floral Beauty, Inc., is a large floral arrangements store located in Asheville Mall. Bridal Lilies, which are a specially create

lakkis [162]

Answer:

a. 1186

b. $1,576.73

c. $2.66

d. $419,578.96

e. $623,33

f. $389,298.33

Explanation:

a) What is the EOQ for the current supplier?

EOQ = √(2×Annual Demand×Ordering Cost) / Holding Cost per unit

= √(2×22,000×$85) / $19 × 14%

= 1186

b) What is the annual ordering cost for the current supplier

annual ordering cost = Total demand / EOQ × Cost per order

= 22,000/1186 × $85

= $1,576.73

c) What is the holding cost per unit per year for the current supplier?

holding cost per unit = $19 × 14%

= $2.66

d) What is the total annual inventory cost (including purchase cost) for the current supplier

total annual inventory cost = Purchase Cost + Ordering Cost + Carrying Cost

= 22,000×$19 + $1,576.73 + (1186/2) × $2.66

= $419,578.96

e) What is the annual holding cost for the new supplier (when purchasing 3,000 each order)

annual ordering cost = Total demand / EOQ × Cost per order

= 22,000/3,000 × $85

= $623,33

f) What is the total annual inventory cost (including purchase cost) for the new supplier (when purchasing 3,000 each order)?

total annual inventory cost = Purchase Cost + Ordering Cost + Carrying Cost

= 22,000×$17.50 + $623,33 + (3,000/2) × ($17.50 × 14%)

= $389,298.33

4 0

4 years ago