Based on the fact that Damien invested $5,000 and left it in an account that earns 6% for 4 years, the investment worth would be b. $6,312.38.
<h3>What would be the value of the investment?</h3>
The value of the investment in 4 years is considered to be its future value when looking at it from the present.
Using the rate being earned, the investment amount, and the number of years the investment will be invested, the future value formula is:
Future value = Investment x ( 1 + rate)^ number of years
Solving gives:
= 5,000 x ( 1 + 0.06) ⁴
= 5,000 x 1.06⁴
= 5,000 x 1.26247696
= $6,312.3848
= $6,312.38
In conclusion, the value of Damien's investment after a period of four years at 6% per year comes to $6,312.38.
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Answer:
Net present value of machine is $5,561
Explanation:
Net present value is the method of calculating net of cash inflows and outflows in present value term using discounting of the cash flow by required rate of return.
Net Present Value of the machine is $5,561
All the calculation and workings are attached with this question please find it.
Answer:
720
Explanation:
Given:
The management consulting team should comprise an accountant, a production specialist, a finance specialist, and a management specialist. On its staff, the consulting firm has available six accountants, five production specialists, three finance specialists, and eight management specialists
To find:
Number of different teams that could be formed from the available individuals
Solution:
Use combination to find number of ways to select y objects from x objects when the order in the selection process doesn't matter.
Number of ways to select an accountant, a production specialist, a finance specialist, and a management specialist from six accountants, five production specialists, three finance specialists, and eight management specialists =
The answer is market globalization. It is a term uniting
the advertising and selling of services and goods with a progressively codependent
and united global economy. It is marketing on a universal scale integrating or
taking commercial advantage of global operative differences, resemblances and chances
in order to meet global aims.
Answer:
$24,000
Explanation:
Since in the question it is given that the 3% of credit sales is considered to be a bad debt expense
where,
Credit sales is $800,000
And, the estimated percentage is 3%
So by considering this above information, the amount debited to bad debt expense is
= $800,000 × 3%
= $24,000
All the other information i.e to be given is not relevant. Hence, ignored it