The term fractional reserves refers to<span>Reserves being a fraction of total deposits</span>
They might scam you that’s what some things do
Answer:
Net Present Value = $1,762.95
Explanation:
Equal payments made at the end of each year implies that the cash inflows from year 1 to 7 form an annuity where:
![PVof An Ordinary Annuity= \frac{PMT[1-(1+i)^{-n} ] }{i}](https://tex.z-dn.net/?f=PVof%20An%20Ordinary%20Annuity%3D%20%5Cfrac%7BPMT%5B1-%281%2Bi%29%5E%7B-n%7D%20%5D%20%7D%7Bi%7D)
where PMT is the the equal payment cash inflow received at the end of each period and
![\frac{[1-(1+i)^{-n} ] }{i}](https://tex.z-dn.net/?f=%5Cfrac%7B%5B1-%281%2Bi%29%5E%7B-n%7D%20%5D%20%7D%7Bi%7D)
= The present value of an annuity factor for n years at i%
The present value of an annuity factor for 7 years at 10% equals
![\frac{[1-(1+0.1)^{-7} ] }{0.1}=4.8684](https://tex.z-dn.net/?f=%5Cfrac%7B%5B1-%281%2B0.1%29%5E%7B-7%7D%20%5D%20%7D%7B0.1%7D%3D4.8684)
therefore: Net Present value of this investment given a 10% return o investments equals
Answer:
The type of segmentation Veda Inc. is using is called Psychographic segmentation.
Explanation:
Market segmentation is the process of dividing a target market into smaller, more defined categories. It makes it easier to focus marketing efforts and resources on reaching the most valuable audiences and achieving business goals.
Psychographic segmentation categorizes audiences and customers by factors that relate to their personalities and characteristics. Alo, targets women who want makeup that will last at least ten hours after application. This covers a niche market of women who are looking for makeup with anti-ageing properties.
Answer:
Cash receipt:
Particulars Amount
................................................................
Sales = $1,500
Sales tax @4.00 % = $60
................................................................
Total = $1,560
.................................................................
Explanation:
Data :
Merchandise cost in the sales slip = $1,500
sales tax rate for the merchandise = 4%
Now,
the cash receipt data will include the merchandise cost, the amount of tax and the total amount after including the tax
Thus,
The amount of tax on the merchandise = sales tax rate × Merchandise cost
or
The amount of tax on the merchandise = 0.04 × $1,500 = $60
Hence,
the total cost = cost of merchandise + the sales tax = $1,500 + $60 = $1,560
Cash receipt:
Particulars Amount
................................................................
Sales = $1,500
Sales tax @4.00 % = $60
................................................................
Total = $1,560
.................................................................
