Answer:
Approximately 56 years and 3 months.
Explanation:
The formula to calculate this is the same formula we use for calculating the Future Value.
Future Value = Present Value ( 1 + i ) ^ n
175000 = 35000 ( 1 + 0.029 ) ^ n
Calculating for 'n',
We get the ' n ' as 56.29 years.
Hope this Helps.
Goodluck buddy.
Answer and Explanation:
The type of adjustment and the status of accounts before the adjustment is shown below:-
Type of adjustment Accounts before adjustment
(a) Accrued revenues Assets understated
Revenues understated
(b) Prepaid expenses Assets overstated
Expenses understated
(c) Accrued expenses Expenses understated
Liabilities overstated
(d) Unearned revenues Revenues understated
Liabilities overstated
(e) Accrued expenses Expenses understated
Liabilities understated
(f) Prepaid expenses Assets overstated
Expenses understated
Answer:
The company's weighted cost of capital is 12.6%
Explanation:
Weighted average cost of capital (wacc) is calculated using the following formula:
wacc = [ kd x (1-tax) x weight of debt] + [ke x weight of equity]
in which: kd is the cost of debt = 12.5%
ke is the cost of equity = 16%
Weight of debt = $120m / ($120m+$180m) = 40%
Weight of equity = $180m / ($120m+$180m) = 60%
--> wacc = [0.125 x ( 1-0.4) x 0.4] + [0.16 x 0.6]
= 12.6%
Rolex uses a <u>"single-segment"</u> strategy.
The single segment strategy includes the utilization of just a single marketing mix for one market segment.
The single segment strategy in advertising guarantees that a producer chooses one section of the market and just supplies that segment.One or every one of the products created by an advertiser are sold to just who meet the attributes of that single segment.
Answer:
Total FV= $29,335.25
Explanation:
<u>First, we need to calculate the future value of the initial investment ($2,500) using the following formula:</u>
FV= PV*(1 + i)^n
PV= $2,500
i= 0.0075
n=10*12= 120 months
FV= 2,500*(1.0075^120)
FV= $6,128.39
<u>Now, the future value of the $1,500 annual deposit:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
We need to determine the effective annual rate:
Effective annual rate= (1.0075^12) - 1= 0.0938
FV= {1,500*[(1.0938^10) - 1]} / 0.0938
FV= $23,206.86
Total FV= $29,335.25
