Answer:
Calculate PV of a 10-year annuity discounted at 6% interest rate; PV = $11,040.13.
Explanation:
Answer:
PV= $450,909.1
Explanation:
Giving the following information:
Cash flow (Cf)= $24,800
Growth rate (g)= 3.5%
Discount rate (i)= 9%
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<u>To calculate the present value, we need to use the following formula:</u>
PV= Cf / (i - g)
PV= 24,800 / (0.09 - 0.035)
PV= 24,800 / 0.055
PV= $450,909.1
The answer is directors.
<h3>What entity elects the board of directors for a corporation?</h3>
- The corporation's stockholders elect its board of directors, but they play no other direct role in how the company is run. The board makes the important company decisions of directors.
- The president of a corporation is chosen directly by its stockholders.
- In addition to their duty as members of the board of directors, the officers are charged with particular duties. President As the company's chief executive officer, the president, is responsible for the following duties: Preside over board meetings. Served as the executive committee's chairman.
- The promotion of the organization's work and the recruitment of resources to support its programs and services are some of the duties of board members.
While stockholders elect the board of directors of a corporation, the board of hires the president, vice president and other officers, who manage the corporation.
The answer is directors.
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Answer:
d
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
Perfectly competitive market consists of a large number of firms, and each firm is small relative to the entire market. This makes firms unable to set the prices for their goods.
It is the monopoly and oligopoly market structure that is characterised by high entry and exit into the market
Answer and Explanation:
The journal entries are shown below:
1. Inventory $1,800
Accounts Payable $1,800
(Being purchased on account)
2. Inventory $50
To Cash $50
(being freight paid)
3. Accounts Payable $51
To Inventory $51
(being the returned calculator is recorded)
4. Accounts Receivable $670
To Sales Revenues $670
(Being sales is recorded)
5. Cost of Goods Sold $460
To Inventory $460
(Being cost of goods sold is recorded)
6. Sales returns $40
To Accounts Receivable $40
(being sales return is recorded)
7. Inventory $28.20
To Cost of Goods Sold $28.20
(Being cost return is recorded)
8. Accounts Receivable $780
To Sales Revenues $780
(Being the sales is recorded)
9. Cost of Goods Sold $560
To Inventory $560
(Being the cost of goods sold is recorded)
