It should be noted that money invested is to C. Achieve long-term goals
<h3>What is money?</h3>
It should be noted that money is a means of exchange. It is required for our transactions.
When money is invested, the purpose is simply to achieve long-term goals. This can be an increase in revenue, prepare for future financial needs, etc.
Learn more about money on:
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Keeping the paint away from an open flame.
Answer: Option C
Explanation: Planning in management refers to the process in which the managers focuses on determining the goals of the company and ascertaining the need of resources needed to achieve those goals. It is the first step in the management process.
It is focused on allocating the resources to different departments and sections as per the needs, so that the objectives of the organisation could be achieved.
Thus, from the above we can conclude that the correct option is C.
Answer:
- The modified internal rate of return for PROJECT A:
b. 24.18%
- The internal rate of return for Project B :
b. 35.27%.
Explanation:
The mean difference between the MIRR and the IRR it's that the IRR assumes that the obtained positive cash flows are reinvested at the same rate at which they were generated, while the MIRR considers that these cashflow will be reinvested at the external rate of return, this case 10%.
Project A Y1 Y2
-$95,000 $65,000 $75,000
24,18% MIRR
Project B -$120,000
Y 1 $64,000
Y 2 $67,000
Y 3 $56,000
Y 4 $45,000
TIR 35,27%
Answer:
FV= $314,365.69
Explanation:
Giving the following information:
Monthly deposti= $140
Number of months= 25*12= 300
Interest rate= 0.13/12= 0.01083
<u>To calculate the future value of the investment, we need to use the following formula:</u>
<u></u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {140*[(1.01083^300) - 1]} / 0.01083
FV= $314,365.69
