Answer:
Interest paid each year = 5% of 1000 = $50
$1000 is to be paid at the end of 10 years.So payment each year = pmt(rate,nper,pv,fv) where rate = 0.04,nper=10 and fv =1000.
Payment into the fund =pmt(0.04,10,0,1000) = $83.29 each year
Value of the sinking fund at the end of the 4th year =pv(rate,nper.pmt) =pv(0.04,4,83.29) = 302.34
Interest earned by sinking fund in year 5 = 0.04*302.34 = 12.09
Interest on loan in 5th year = $50
So difference between the interest payment on the loan and the interest earned by the sinking fund in the fifth year. = 50-12.09 = 37.91 = $38 (to nearest whole number)
Answer:
$1,050,000
Explanation:
Budgeted purchases= coats in inventory + budgeted sales- Beginning inventory expected coats
Budgeted purchases = 6,000 + 12,000 - 4,000 = 14,000 suits
14,000 suits x $75/suit = $1,050,000
Therefore the dollar amount of the purchase of suits if each coat has a cost of $75 is $1,050,000
Answer:
The correct answer is: Shareholders.
Explanation:
To begin with,<em> "Shareholders"</em> is the name that the people who own stocks in the company receives in order to know that they are the ones who put the money to keep the business going due to the fact that they invest their money by buying shares of the company with the purpose to allow them to grow and work better so the objectives are accomplished and the profits are increased. Therefore that being economically responsible has the most immediate effect on the shareholders of the company who are the ones that will suffer losses from their pockets if the managers of the organization do not act correctly.
Answer:
revenue is how much you make in a day, month, year.
