Answer: 26.5% increase
Explanation:
Current profit = Sales - Variable costs - fixed costs
= ((32.50 - 16.50) * 360 bears) - 1,420
= $4,340
Sales increase by 20% = 360 * ( 1 + 20%) = 432 bears
New profit;
= ((32.50 - 16.50) * 432 bears) - 1,420
= $5,492
Effect of sales increase = ( 5,492 - 4,340) / 4,340
= 26.5% increase
Answer:
option (D) $ 2,750
Explanation:
Data provided :
Assessed value of John and Mary Billings = $ 110,000
Tax rate = 25 mills per $ 1.00
or
Tax rate in dollars = 25/1000 = 0.025 / $ 1.00
therefore,
Tax they have to pay = Assessed value of John and Mary Billings × Tax rate
or
Tax to be paid = $ 110,000 × 0.025 = $ 2,750
Hence,
the correct answer is option (D) $ 2,750
Answer:
The answer is 9.85%
Explanation:
The number of periods N = 9years(10 years minus 1 year ago)
Yield to Maturity (I/Y) = ?
Present value of the bond (PV) = $950.70
Future value of the bond(FV) = $1,000
Annual payment (PMT) = $90 (9% x $1,000)
Using a financial calculator to solve the problem ( BA II plus Texas instruments):
Yield to Maturity (I/Y) = 9.85%
The appropriate response is A. Henry Ford also then sued the Chicago Tribune for criticizing the grounds that it called him an uninformed revolutionary. In court, the guard lawyer has chosen to show Ford's obliviousness and absence of patriotism by posting essential American history inquiries. The vehicle head honcho reliably missed these inquiries, and court transcripts of his nonsense wound up plainly well known perusing at the time.
Answer:
64,313.74 ; 95,559.38 ; 47,283.11
Explanation:
by definition the present value of an annuity is given by:
where 
is the present value of the annuity, 
is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid. so applying to this particular problem, we have:
1. P=8,200, n=25, i=12%
2. P=8,200, n=25, i=7%
3. P=8,200, n=25, i=17%
