Answer:
50
Explanation:
Calculation to determine How many Number of Salespeople does Wally need to adequately sell waterslides
Using this formula
Number of Salespeople=(Number of customers*Calls necessary*Hours per call)/Average selling time available per year
Let plug in the formula
Number of Salespeople= (6000* 5 * 1.5 hours per call) / 900 hours
Number of Salespeople= 45,000 / 900
Number of Salespeople=50
Therefore Number of Salespeople that Wally need to adequately sell waterslides is ,50
Compound interest is the idea that interest is earned on top of interest from that point forward by adding accumulated interest back to the principal amount. Here, a month's worth of compound interest is calculated (time period). As a result, the time period is 12 times, and the interest rate is divided by 12.
The scenario states that the computation of the provided data is as follows:
The current value is $4000.
Rate = 7%
Monthly compound rate equals 10% times 12.
Duration = 2 x 12 = 84
So, using a financial calculator, we can estimate the value in the future.
FV = $4,884.56
Principal multiplied by one plus the interest rate divided by the number of periods, raised to the power of the number of periods, and that whole subtracted from the principal amount to yield the interest amount, is how monthly compounding is calculated.
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<h2>Yes the statement is True. A contract tells an organization how must act and the consequences for failing to act properly.</h2>
Explanation:
It is true that a contract is an agreement which is stating rules and regulation and also the consequences which the company has to face if the rules are violated.
A contract,
- is an legal agreement
- is signed for specific period
- contains rules
- consists of benefits which the company will get
- also contains terms & conditions which might change from time to time
- should be signed by company as well as the party
- should even be signed by the witness of both the side
Answer:
<h2>The answer, in this case, would be option a. or Incontestability clause.</h2>
Explanation:
- In the context of life insurance provision, incontestability clause basically refers to the prevention of the denial of insurance service by the insurer on ground of falsification or fraudulent misrepresentation of relevant fact or information in the insurance application.
- Incontestability clause is officially applicable following the effective implementation of the insurance policy at least for a particular time period, which is usually considered to be two to three years.
- The clause is commonly applicable in the case of life and health or medical insurance policies.
Answer:
$11,750
Explanation:
The computation of bad debt is shown below:-
Bad debt expense = Estimated allowance for uncollectible at the year end - Existing balance in allowance for uncollectible account credit balance
= ($314,000 × 4%) - $810
= $12,560 - $810
= $11,750
Therefore for computing the bad debt expenses we simply applied the above formula.
