Answer: 77 months
Explanation:
Use the NPER function on Excel to find the answer.
Rate is compounded monthly so:
= 8% / 12
= 0.66667%
Payment = 5,000 per month
Present value = $0
Future value = 500,000
Value should be = 76.87 months
= 77 months
Answer:
the amount reported as land is $858,400
Explanation:
The computation of the amount reported as land is shown below;
= Purchase cost + raze old building cost + ownership cost + title guarantee cost - Proceeds from sale of salvaged materials
= $770,000 + $69,000 + $9,900 + $16,400 - $6,900
= $858,400
hence, the amount reported as land is $858,400
The same would be considered
Answer:
Intuition Decision Making model.
Explanation:
Intuition Decision Making model can be described as the process by which knowledge acquired through associated learning and stored in long-term memory is accessed unconsciously to form the basis of a judgment or decision.
When speed is essential to a successful outcome, intuition decision making model should be used because there will not be need for analytics, facts, and a step-by-step process to come to a decision.
<span>The most probable thing that will happen if the pie maker keeps making additional pies is this: the marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, decreasing the profit. This is to assume that no buyer is interested in purchasing the pies at a certain period of time. </span>
Unit pricing can be used in various types of contracts to require the buyer to pay the supplier a predetermined amount per unit of service.
