All of Jeff's activities are aimed at giving Jeff a sustainable competitive advantage through Strategic Positioning. Strategic positioning attempts to achieve a sustainable competitive advantage by preserving what is distinctive about a company. A company has a sustainable competitive advantage when it acquires some qualities or attributes which are different from other competitors in the market and which makes it outstanding in the market, and when these advantages last for many years, then they are known as sustainable competitive advantages.
First, we need to calculate for the total return of the project by multiplying 4,930 by 65. Doing so will give us an answer of $320,450. Then, we calculate the rate of return as shown below.
rate of return = ($320,450 / $238,400) x 100%
= 134.42%
Thus, the rate of return of the said project is approximately 134.42%.
Answer:
Throughout her retirement plan, Lena will still have $206,673.13.
Explanation:
The given values are:
Annual Interest Rate
= 12.00%
Monthly Deposit
= $110
Period
= 25 years i.e., 300 months
Monthly Interest Rate
= 1.00%
Now,
The Accumulated Deposits will be:
⇒ 
⇒ 
⇒ 
⇒ 
($)
Exact interest means that there are 365 days in a year
Now use the formula of simple interest
I=p×r×(t/365)
I interest earned 2000
P amount of the loan 7300
R interest rate 0.08
T time t days
Solve the formula for t to get
T=[I÷(pr)]×365
T=(2,000÷(7,300×0.08))×365
T=1,250 days
Hope it helps!
A) Prepare the revenues section of the income statement.
Sales Revenue = $743,800
Sales Discounts = ($11,170)
Sales Returns and Allowances = <u>($22,820)</u>
Net Sales = $709,810
B) Prepare separate closing entries for (1) sales and (2) the contra accounts to sales.
(1) Dr. Cr.
Revenue Expense $743,800
Income Summary $743,800
(2) Dr. Cr.
Income Summary $33,990
Sales Discounts $11,170
Sales Returns and Allowances $22,820
