Answer:
the amount of units that should be sold in the case when there is a zero profit is 10,000 units
Explanation:
The computation of the amount of units that should be sold in the case when there is a zero profit is given below:
No. of units to be sold is
= Fixed Cost ÷ Contribution per unit
= $200,000 ÷ $20
= 10,000 units.
hence, the amount of units that should be sold in the case when there is a zero profit is 10,000 units
Each day you have $5 for lunch. Today, you decided to save $2 and buy the chicken salad tomorrow for $6.50-<u>In this case the money is being used </u>
<u>to save and store the purchasing power</u>
Explanation:
The term money can be defined as a thing that serves as
- A medium of exchange which is usually financial in nature.
- It is used by the borrower to repay back to the lender-used to repay the debt.
- It is used as an unit of accounting to measure your income and expenditure.
- It is used to store the value of money -in other words used to save the purchasing power of an individual
Thus we can say that ,
Each day you have $5 for lunch. Today, you decided to save $2 and buy the chicken salad tomorrow for $6.50-<u>In this case the money is being used </u>
<u>to save and store the purchasing power</u>
Answer:
c.Rents occur at the beginning of each period of an annuity due.
Explanation:
First, know the difference between Ordinary annuity and Annuity due.
In Ordinary annuity, recurring payments occur at the end of the payment period; for example at the end of every month, end of ever year , end of every quarter etc.
On the other hand, in the case of Annuity due, the recurring payments occur at the beginning of the period like at the beginning of the month, beginning of the year;Jan 1st, or beginning of every quarter
In the case of rent, tenants pay rent at the beginning of each month making this type of payment an Annuity Due.
Answer: Quarterly
Explanation:
Annual interest rate = 4.00%
Effective annual rate = 4.08%
To know if the bank is compounding interest daily or quarterly goes thus:
Effective Annual rate can be calculated using:
= (1+Periodic rate)^number of compounding periods - 1
Therefore, we calculate the daily compounding effective annual rate which will be:
= (1+4%/365)^365 - 1
= (1 + 0.04365)^365 - 1
= 4.08%
For Quarterly EAR, this will be:
= (1+4%/4)^4 - 1
= (1 + 0.04/4)^4 - 1
= 4.06%
Therefore, the a bank is compounding interest Quarterly