Answer:
$120
Explanation:
In this question, we simply have to apply the simple interest formula which is shown below:
= Principal amount × rate of interest × time period
= $2,000 × 6% × 1 year
= $120
Simply we multiplied the principal amount with the interest rate and the time period so that the accurate amount can come.
So, $120 interest is paid for the year
Answer: $47,032
Explanation:
To find the value plastic inc can afford to pay, we have to find the present value of the cost reductions.
The present value can be found using a financial calculator
Cash flow for year 1 = $35,000
Cash flow each year from year two to ten =$4,000
I = 15%
Pv = $47,031.6
Answer:
54%
Explanation:
Calculation for what is the occupancy rate for October
Based on the information given we were told that the hotel had 5,000 guests in which each of them stayed one night which means that we are going to First calculate the Guest nights
Guess Nights= 5,000 × 1
Guest Nights= 5,000
Second step is to calculate the available room
Available Room Nights = 300 rooms × 31 days
because we have 31 days in October
Available Room Nights= 9,300.
Last step is to calculate the Occupancy rate
Occupancy Rate= 5,000 ÷ 9,300
Occupancy Rate=0.54×100
Occupancy Rate= 54%
Therefore the occupancy rate for October will be 54%
Answer:
a short-term inducement of value offered to arouse interest in buying a product or service
Explanation:
Sales promotion can be defined as a process of trying to get a potential customer to buy the product by persuading them. Sales promotion a short-term tactic used for the purpose of boosting sales. As a method of building long-term customer loyalty, it is barely suitable. Sales promotions are aimed at getting consumers interested in purchasing a product or service.
Answer:
$119,400
Explanation:
The computation of the net income that should be distributed to Emmett is as follows:
<u>Particulars Emmett Sierra Total</u>
Net income $200,000
Salary $48,000 ($48,000)
Balance left $152,000
Interest at 8% $2,000 $11,200 ($13,200)
($25,000 × 8%) ($140,000 × 8%)
Balance left $138,800
Balance allocation $69,400 $69,400
Share of profit $119,400 $80,600