After a car is purchased at $43000 and looses 25% worth every year then the car will be worth $9200 or less after four(4) years.
What does Purchase mean?
Purchase is a term used to refer to the acquisition of goods or services in exchange for money. It is a common business transaction and can involve buying something outright or entering into an agreement to pay for it over time.
What does Services mean?
Services is a broad term that refers to any type of work or activity performed to meet the needs of a customer. Services can range from professional services like accounting or consulting to tangible products like food or clothing. Services are typically intangible in the sense that they cannot be touched, felt, or seen, but the benefits they provide are very real.
As per the price of the car which is $43,000 and it looses 25% each year which is $10750. From this we come to know that the car will be worth of $9200 or less within 4 years.
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Answer:
$ 2,209,797.96
Explanation:
Given:
Salary = $100,000
Salary investment rate = 13%
Salary increase rate(g) = 5%
number of year = 25
Annual rate of return(i) = 11%
Calculation:
Salary invested = $100,000*13% = $13,000
calculation of present worth
![P=A[\frac{1-(1+g)^n(1+i)^{-n}}{i-g}] \\P=13000[\frac{1-(1+0.05)^{25}(1+0.11)^{-25}}{0.11-0.05}] \\P=13000[\frac{1-(1.05)^{25}(1.11)^{-25}}{0.06}] \\P=13000[\frac{1-(3.386354)(0.073608086)}{0.06}]\\\\P=13000[\frac{1-0.249263}{0.06}]\\\\ P=13000[12.5122827]\\\\\\P= 162,659.675](https://tex.z-dn.net/?f=P%3DA%5B%5Cfrac%7B1-%281%2Bg%29%5En%281%2Bi%29%5E%7B-n%7D%7D%7Bi-g%7D%5D%20%5C%5CP%3D13000%5B%5Cfrac%7B1-%281%2B0.05%29%5E%7B25%7D%281%2B0.11%29%5E%7B-25%7D%7D%7B0.11-0.05%7D%5D%20%5C%5CP%3D13000%5B%5Cfrac%7B1-%281.05%29%5E%7B25%7D%281.11%29%5E%7B-25%7D%7D%7B0.06%7D%5D%20%5C%5CP%3D13000%5B%5Cfrac%7B1-%283.386354%29%280.073608086%29%7D%7B0.06%7D%5D%5C%5C%5C%5CP%3D13000%5B%5Cfrac%7B1-0.249263%7D%7B0.06%7D%5D%5C%5C%5C%5C%20P%3D13000%5B12.5122827%5D%5C%5C%5C%5C%5C%5CP%3D%20162%2C659.675)
Answer:
C. The insurer will deny J's request to add more insurance.
Explanation:
The Guaranteed Insurability Rider means extra policy which is an addition to insurance rider policy and allows the purchaser of the policy to purchase extra life insurance on the life of the insured at prearranged periods of time.
Usually, this ability to purchase extra life insurance ends at the age of 40 and since the J has just celebrated the 42nd birthday, therefore he will not be eligible to buy more death benefit.
Based on the above discussion, the answer shall be C. The insurer will deny J's request to add more insurance.
Answer:
<u>The correct answer is that the cost of the ending inventory using the retail inventory method is US$ 100,962</u>
Explanation:
Wall-to-Wall Records
Cost Retail
Beginning Inventory $ 48,000 $ 70,000
Purchases $ 210,000 $ 390,000
Cost of Goods Available for Sale $ 258,000 $ 460,000
Cost to Retail Ratio
= $ 258,000 ÷ $ 460,000
= 0.5609 = 56.09%
Cost Retail
Cost of Goods Available for Sale $ 258,000 $ 460,000
− Sales $ 280,000
Ending Inventory $ 180,000
× Cost to Retail Ratio 0.5609
<u>Ending Inventory $ 100,962 </u>
<span>Consumers are willing to purchase a product up to the point where the marginal benefit of consuming a product is equal to its price.
</span>The term marginal benefit denotes the<span> benefit to a consumer receives from consuming one more unit of a good or service.
</span><span>On the other hand, marginal cost is the additional cost to a firm of producing one more unit of a good or service.</span>
