Answer:
<em>Approximately $22 billion</em>
Explanation:
<u>Future Value (FV)</u>
Given a present value (PV) of an investment, the annual interest rate r, the future value at time t years is given by
Care must be taken to properly express the time in years and the rate in yearly pertentage.
The estimated value of the Manhattan Island in 1626 was PV=$24. 386 years later, at a r=5.5% its value would be
The present value can be estimated in more than $22 billion
The above statement is true.
The CEO outlining the new goal of decreasing company costs over the next three years is an example of a strategic goal.
Strategic goals are planned objectives of the that an organization strives to achieve. These goals are set after studying the previous performance of the organization, the market trend, etc. They must be achievable.
Answer:
Results are below.
Explanation:
Giving the following information:
Purchases= $32,000
Beginning inventory= $7,800
Ending inventory= $4,400
<u>To calculate the direct material used, we need to use the following formula:</u>
Direct material used= beginning inventory + purchases - ending inventory
Direct material used= 7,800 + 32,000 - 4,400
Direct material used= $35,400
Answer:
$826.95
Explanation:
To determine the price of Oil Wells' bonds, we can use the following formula:
bond price = semiannual coupon x [(1 - {1 / [1 + (maturity yield / 2)](years × 2)}) / (.0694 / 2)] + face value / [1 + (maturity yield / 2)](years × 2)
Bond price = $28.25 × [(1 - {1 / [1 + (.0694 / 2)](7 × 2)}) / (.0694 / 2)] + $1,000 / [1 + (.0694 / 2)](7 × 2)
Bond price = $757,92 + $69.03 = $826.95
Answer: Opening a checking account, whether a personal or business checking account, is a relatively easy process as long as you’re prepared with the right information. It becomes even easier when you ...
Explanation:
