N=log((1−14,880×0.0106÷660)^(−1))÷log(1+0.0106)=25.9 months
Answer:
$15,747.34.
Explanation:
The Future Value of the Investment, FV can be determined using a financial calculator as follows :
Pv = - $3,400
n = 18 × 2 = 36
p/yr = 2
r = 8.70 %
Pmt = $0
Fv = ?
Using a Financial calculator, the Future Value of the Investment, FV is $15,747.34.
Answer:
Vision Statement
Explanation:
The first part of setting strategic direction for an organization is to analyze the external and internal environments by preparing a SWOT {Strengths , Weakness , Opportunities , and Threats } analysis. Once the SWOT is complete , the next step is to create a clear and compelling statement describing the inspirational long-term desired change resulting from an organization's work , called <u>Vision Statement.</u>
Vision Statement is a important point in strategical planning. It tells what an organization intended to achieve or we can say it highlight the objective of the organization .
Vision Statement should we s<u>hort , simple and clearly specified.</u> It plays an i<em>mportant role</em> in an organization .
These are operational decision specific to market placement. Even though one location was doing poorly, Tommy's hopes to increase sales by opening more locations in a more profitable part of town.