Answer: $3,719,548.95
Explanation:
As the amount will be an equal amount each year, it is an annuity. The lump sum to be paid in 6 years growing at 5% would be the present value of this annuity.
The payment will be;
FV = Payment * Future value interest factor of annuity, 6 years, 5%
25,300,000 = Payment * 6.8019
Payment = 25,300,000/6.8019
Payment = $3,719,548.95
Answer:
E. Line managers; staff personnel
Explanation:
line managers are indicated on the organization chart by a solid line, and staff personnel are indicated by a dotted line.
Answer:
Ending cash 87,000
Explanation:
beginning 72,000
receipts 300,000
disbursement (140,000)
salaries (80,000)
other expenses (45,000)
loan payment (20,000)
Total disbursement (285,000)
Ending cash 87,000 (72,000 + 300,000 - 285,000)
Answer:
The condition that make its difficult for firms to coordinate their efforts to control output quotas and pin point cheating is A) when market demand tends to be more volatile.
Explanation:
All the options except A will make it difficult for firms to control output quotas and detect cheating. From reading the options B,C and D it is quite clear that in the market there is a presence of cartel ( which can be defined as a association of producers in an industry who comes together to set the prices and output quotas ) but even if there is presence of cartel in industry, the efforts to restrain output will fail if the demand of the products and services in volatile in the market, it would become difficult for them to pin point where the cheating has taken place.
