Answer:
11.61%
Explanation:
First, find the annual percentage return (APR) of this annuity. Using a financial calculator, input the following;
Recurring payment; PMT = -450
Future value ; FV = 27,000
Duration of investment ; N = 4*12 = 48 months
One -time present value; PV = 0
then compute interest rate; CPT I /Y= 0.92% (this is monthly rate)
APR = 0.92*12 = 11.035%
Effective Annual Rate (EAR) formula is as follows;
EAR = (1+
) ^m -1
EAR = 1+
)^12 -1
EAR = 1.1161 -1
EAR = 0.1161 or 11.61%
Answer:
2) the time consumers save when purchasing goods there.
Explanation:
Their name explains everything. A convenience store is a store where someone can go and purchase goods easily and without any type of difficulty.
Of course a Walmart is cheaper, but will you travel 20 minutes just to get there, and spend 20 more minutes choosing and paying for a cheap good like a Coke, and then 20 more minutes back home. Whatever you save on buying the Coke, you will spend 50 times more in gas and personal time.
So even if a Coke costs $1 more in a 7-Eleven, it is worth it. You will save a lot of money by purchasing your Coke there.
The answer is false because a customer is a person that buys goods or services from a store of business.
Answer:
c) 48,000
Explanation:
<em>Equivalent Units</em>
To apportion cost between work in progress and completed units in a particular period, we use equivalent units. Equivalents units are notional whole units which represent incomplete work and are used to apportion cost between completed units and work in progress
<em>Equivalent Units = Degree of Completion × Units of products</em>
<em />
<em>Item units workings E.U</em>
Finished products 45,000 100% × 45,000 = 45,000
Closing WIP 5000 3/5 × 5000 = 3,000
Total equivalent unit 48,000
Equivalent unit for the conversion cost= 45000 +3000= 48,000
Employee Benefit refers to the division of a company's profits among its workers.
Employee perks, also known as fringe benefits, perquisites, or perks, refer to various forms of non-wage remuneration given to employees in addition to their regular earnings or salaries. Employee perks, particularly in British English, also refer to rewards in kind.
Salary packaging or salary exchange arrangements are situations where an employee trades in (cash) compensation for another type of perk. The majority of employee benefits are at least partially taxable in most nations. Housing (provided by the employer or paid for by the employer), furnished or not, with or without utilities free, group insurance (health, dental, life, etc.), disability income protection, retirement benefits, daycare, tuition reimbursement, sick leave, and paid vacation are some examples of these benefits.
Learn more about Employee Benefit here.
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