Answer:
The equivalent present worth of the series is $4,182.21
Explanation:
Fix periodic payments for a specific period of time are annuity payment and the payments made at the start of each period is known as advance annuity.
As per given data
Inflation per year = 18.3% / 5 = 3.66%
numbers of period = 5 years
Payment per period = $897.63
Use following formula to calculate the present value of annuity payments
PV of annuity = P x ( 1 - ( 1 + r )^-n / r
Where
P = Payment per period = $897.63
r = rate in of interest = 3.66%
n = numbers of periods = 5 years
Placing values in the formula
Equivalent present worth of the series = $897.63 + $897.63 x ( 1 - ( 1 + 3.66% )^-(5-1) / 3.66% )
Equivalent present worth of the series = $4,182.21
Answer:
D) Yes, as long as he actually communicates the revocation to Hal and Sophia (or their agent) prior to acceptance.
Explanation:
In contract law, an offer can always be taken back as long as the other party hasn't accepted it yet. In this case, Jack agreed to make an offer about the restaurant and he even included certain details that apparently were important (non-competition agreement), but since Hal and Sophia haven't accepted it yet, Jack can take it back without fear of any claim being made against him. All he has to do is communicate his decision of taking back his offer to either Hal or Sophia, or their agent (if there is one).
Answer:
........................Income Statement for the month of June...............................
Service Revenue.....................................................................$5,544
Less Expenses
Rent Expense .................................................$440
Utilities Expense.............................................$220
Salaries and Wages Expense......................$880
Gasoline Expense...........................................<u>$88</u>
Total Expenses .........................................................................(<u>$1,628)</u>
Net Income (Loss).............................................................$3,916
Service revenue = Services performed on the 5th + Services performed on the 20th
= 4,224 + 1,320
= $5,544
Answer:
a. A Strategic budget will be used by the upper management in planning for the next five years.
b. A flexible budget will be used by a store manager who wants to plan for different levels of sales.
c. A Cash budget will be used by an accountant who wants to determine whether the company has sufficient funds to cover expenses.
a. A Master Budget will be used by a CEO who wants to make companywide plans for the next year.
Explanation:
- Strategic budget, is finnancial planing to achieve the long term goals of the company.
- flexible budget is used for different level of sales volume.
- Cash budget usted for forescast the cash balance.
- Master Budget uses a schedule to present financial statements.
Answer: creeping featurism
Explanation: Creeping featurism is a slang used for the term feature creep. It refers to the problem faced by the consumers due to continuous addition of features in an existing product. These addition make the product more complex and hard to use for the users.
In the given case, some customers of mobile phone have a belief that the new features added to the phones have made it complex and less reliable.
Thus, we can conclude that the given case is an example of creeping featurism.
