Answer:
$340,363.55
Explanation:
you need to calculate the future value of your deposit:
future value = present value x (1 + interest rate)ⁿ
- present value = $12,000
- interest rate = 12% / 365 = 0.032877%
- n = 40 x 365 = 14,600
future value = $12,000 x (1 + 0.032877%)¹⁴⁶⁰⁰ = $1,456,975.20
if the interest is compounded annually, the future value = $12,000 x 1.12⁴⁰ = $1,116,611.65
the difference = $1,456,975.20 - $1,116,611.65 = $340,363.55
Explanation:
1. The journal entry is as follows:
On March 1
Prepaid insurance A/c Dr $36,000
To Cash A/c $36,000
(Being the prepaid insurance is recorded for cash)
For recording the advance purchase of insurance, we debited the prepaid insurance and credited the cash account. Both the accounts are recorded at $36,000 so that the proper posting could be done.
Answer:
Ad-To-Consumer Relevance
Explanation:
Ad-to-consumer importance applies to cases in which a new product's advertising name or character or person is of interest to customers.
In this situation, Fabriq Inc. tries to connect people's interest in their product. People connect themselves easily with Celebrities because they admire them.
So, many advertising agencies try to advertise with celebrities.
Answer:
A. Differentiated marketing
Explanation:
Differentiated marketing -
It refers to the marketing strategy , where the company tries to target to at least two specific group , is referred to as a differentiated marketing.
In this strategy , different messages are used for the same campaign of different segments.
Hence , from the given statement ,
The correct option is A. Differentiated marketing .
Life insurance is an annual expense
