Answer:
$1,172.97
Explanation:
We use the Present value formula i.e to be shown in the attached spreadsheet. Kindly find it below:
Given that,
Assuming figure Future value = $1,000
Rate of interest = 1.9% + 0.85% = 2.75%
NPER = 5 years
PMT = $1,000 × 6.5% = $65
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the price of the bond is $1,172.97
Answer:
Price Skimming
Explanation:
Prairie Herb Vinegar is new to the market and using a price skimming strategy. This is where the product is sold at the highest price a certain customer base will be willing to purchase the product at. This also creates a scenario where a perception of quality is created. As the company attempts to attract more customers they will lower the price of the product hopefully expanding their existing customer base.
Answer:
Appropriation available for spending = 37000
Explanation:
In the appropriations ledger, the amount available for spending at any moment is the total appropriation minus expenditures plus outstanding encumbrances.
100000 - 35000 - 28000 = 37000
Answer:
True
Explanation:
The direct cost is that cost which is directly related to the manufacturing process of the product or the production process of the product
The example of the direct cost involves direct material cost, direct labor cost, supplies cost of manufacturing, travel, subcontracts, computer time, etc
Hence, the given statement is true.