Answer:
$1,720
Explanation:
Total annual premium for both Karen and Mike = $400 + $600 = $1,000
If they insured both cars with the same company, they would save 15% on the annual premiums -> the annual saving = 15% * $1,000 = $150
We use formula FV to calculate the future value of annual payment:
= FV(rate, number of payment, - payment) = FV(3%,10,-150) = $1,720
Answer:
The correct answer is A: %70,154
Explanation:
Giving the following information:
True: Finding the present value of cash flows in future years tells you how much you would need to invest today so that it would grow to equal the given future amount.
What is the value today of a $158,000 cash flow expected to be received 12 years from now based on an annual interest rate of 7%?
We need to use the following formula:
PV= FV/(1+i)^n
FV= final value
i= interest rate
n= number of years
PV= 158000/(1.07^12)= $70,154
Answer:
The AC Corporation takes 46 Days average to pay back its accounts payable.
Explanation:
Average Accounts Payable = $7863.5
Cost of Goods Sold = $63,008
Number of Days in Accounting Period = 365
Days Payable Outstanding = (Average Accounts Payable / Cost of Goods Sold) x Number of Days in Accounting Period
Days Payable Outstanding = ($7,863.5 / $63,008) x 365
Days Payable Outstanding = 45.55
Therefor, the company takes an average of 46 days to pay back its accounts payable.
Components that should be included could be total number of employees, number of staff and numbers of hourly workers, length of employment for each worker, hourly rates for the hourly workers and pay raises according to the collective bargaining, and staff salaries, and productivity of say the hourly employees like in a mine, tonnes produced per manhour for the miners at the face or in the open pit for example.
Answer:
The answer id: D) Yes, because Stanford and DiggyWerx each receive a benefit and incur a detriment.
Explanation:
Both Stanford and DiggyWerx both receive a benefit from this contract; Stanford gets $5,500 and DiggyWerx gets accounting services for six months.
They both also incurred detriment since; Stanford promised to perform his accounting duties and DiggyWerx promised to pay him money.
Both parties incurred detriment (promised to do something) and something of value is exchanged benefiting both parties, so consideration exists and therefore the control is enforceable.
