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NISA [10]
2 years ago
12

An individual wishes to deposit an amount of money now and $100 every year so that at the end of 10 years $1,500 will have been

accumulated. With interest at 2% per year, how much should be deposited now
Business
1 answer:
Anna71 [15]2 years ago
6 0

Answer:

$332.26

Explanation:

The amount to be invested today is known as the Principle Value. We discount the future cash flows using the effective interest rate to arrive at the Principle Value.

Using a financial calculator, we can determine the Principle Value (PV) simply as follows :

PV = ??

PMT = - $100

P/YR = 1

I = 2 %

FV = $1,500

N = 10

This gives a PV of ($332.26)

therefore,

$332.26 should be deposited now to meet the goals.

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Business operations Essay​
juin [17]

Answer:

The description of the given term "Business operations" is provided below.

Explanation:

  • Together with all measures essential to manage as well as generate money besides your firm, is considered as business operations.
  • Sometimes a component devoted to the industry would be included throughout the marketing strategies, enough so founding members comprehend or recognize the authoritarian leadership style, machinery, personnel, including procedures.
6 0
2 years ago
​(Cash management​) As CFO of Portobello Scuba Diving Inc. you are asked to look into the possibility of adopting a lockbox syst
zheka24 [161]

Answer:

Check the answers below

Explanation:

  • The per instrument cost of the bank is $0.25. Assuming uniform cheque value, the 24 million remittances across 10000 cheque will mean per cheque value of 2400. If this amount can be invested at 8% p.a., then daily investment income will be approx = 2400 * 8% /365 = $ 0.526

  • Now for the company to jus about cover the cost of the cheque processing, the time should reduce by (assuming fractional time in days is possible) 0.25/0.526 = 0.48 days

  • Now if the interest that can be earned reduces to 4%, the average daily interest will also reduce to $0.263. At this level, the time required to cover the cost should reduce by 0.95 days

The difference is simply because the opportunity cost in terms of alternate usage of funds has decreased for the company.

8 0
3 years ago
It is important for modern firms to build and maintain ______ by conducting ethical and transparent transactions.
r-ruslan [8.4K]

The singular thing which is important for modern firms to build and maintain by conducting ethical and transparent transactions is:

  • Consumer trust

<h3>What is Consumer Trust?</h3>

This refers to the belief which a customer has in a particular business, usually because of its ethical and transparent practises.

With this in mind, we can see that if modern firms fail to build this consumer trust, then they stand the risk of losing their customer base to their competition.

Read more about consumer trust here:
brainly.com/question/1872126

4 0
2 years ago
Greyon spinning Mills Inc. owns 600 spinning machines out of these, only 500 are used in a given year. Given this information, t
andre [41]

Answer:

B.0.83

Explanation:

Data provided in the question

Total machines Available = 600

Number of machines used in a given year = 500

So by considering the above information, the utilization of spinning machines is

Utilization = Resource used ÷Resource available

                 = 500 ÷ 600

                 = 0.83

By dividing the resources used with the resources available we can get the utilization and the same is applied

6 0
3 years ago
In the context of labor markets, _____ consists of all persons who are actually evaluated for selection.
zvonat [6]

Answer: a. the applicant pool

Explanation:

When a job is announced, people are told to apply for it and send in their resumes so that the company hiring can look through them.

The applicant pool refers to everyone that applied for that job and so sent in their resume. They will all be evaluated for the position in question to see if they fit and the better qualified or preferred candidates will then be called in for an interview.

6 0
2 years ago
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