Answer:
Explanation:
Interest Factors
<u>Periods 6% 7% 8% 9% 10% 11
%</u>
1 1.0600 1.0700 1.0800 1.0900 1.1000 1.1100
2 1.1236 1.1449 1.1664 1.1881 1.2100 1.2321
3 1.1910 1.2250 1.2597 1.2950 1.3310 1.3676
4 1.2625 1.3108 1.3605 1.4116 1.4641 1.5181
1)
Future value paying simple interest = Principal + [( principal * interest) * investment period]
Future value paying simple interest = $2,000 + [ ( $2,000 * 9%) * 3]
Future value paying simple interest = $2,000 + 540
Future value paying simple interest = $2,540
2)
Future value paying compound interest = Present value * ( 1 + interest)n
Future value paying compound interest = $2,000 * ( 1 + 0.09)3
Future value paying compound interest = $2,000 * 1.295029
Future value paying compound interest = $2,590.058
3)
Difference = $2,590.058 - 2,540
Difference = $50.058
A person may choose to rent instead of buying a property as they can't afford a down payment
Answer:
30,000 units
Explanation:
Budgeted sales is 30,000 units
Beginning inventory = 5000 units
Ending inventory = 5000 units
In order to meet the sales of 30,000 units, the sum of budgeted production and beginning inventory must be at least 30,000 units. However, since the company desires to have 5000 units in ending inventory, this sum must be raised to 35,000 units, which means the production needs to 30,000 units
--> Budgeted production = 30,000 + 5000 - 5000
= 30,000 units
The equilibrium between possible threats and prospective compensation is known as risk/return trade-off.
Supply and demand changes the price of eggs