Answer:
$5,641
Explanation:
DEPOSIT NOW
$1000 * FVIF 9%,8 PERIODS
= $1000 * 1.9926
= $1992.6
IN 2 YEARS
= $2000 * FVIF 9%,6 PERIODS
= $2000 * 1.6771
= $3354.20
IN 5 YEARS
= $8000 * FVIF 9%, 3 PERIODS
= $8000*1.2950
= $10360
WITHDRAWAL: IN 3 YEARS
= ($3000) * FVIF 9%, 5 PERIODS
= ($3000) * 1.5386
= ($4615.80)
IN 7 YEARS
= ($5000) * FVIF 9%, 1 PERIOD
= ($5000) * 1.0900
= ($5450)
Total value = $1992.6 + $3354.20 + $10360 - $4615.80 - $5450
Total value = $5,641
So, the total future value after eight years is $5,641
Answer: $2550
Explanation:
Note that the probabilities of total loss and 50% damage were tripled and the probability of no fire has therefore changed to:
1 - 0006 - 0.024 = 0.97.
The company wants to keep same annual gain from the policy ($750), and the question now is, what would the new premium (N) be which will satisfy this? To get this, we need to solve the equation for:
N:750 = (N - 100,000)(0.006) + (N - 50,000)(0.024) + N(0.97)
Thus, 750 = N - 600 - 1,200, or N - 1,800. Therefore,N= 750+1,800= 2,550.
To account for the added risk which the insurance company is taking by continuing insuring the customer, the premium changes from $1,350 to $2550
Answer:
High supply, Low demand
Explanation:
If there is a lot of one product that no one wants, they lower the prices to get rid of it
Answer
The contribution margin ratio multiplied by the selling price per unit equals the contribution margin per unit.
Explanation:
What happens to the contribution margin ratio of a company that produces only a single product is that the contribution margin ratio multiplied by the selling price per unit equals the contribution margin per unit
Answer:
See below
Explanation:
Public corporation
<u>Stockholder control:</u> stockholders or shareholders are the owners. They control the corporation by electing the board of directors.
Government corporation
<u>Public regulation: </u>Is fully or partially owned by the government. They are formed and governed through legislation.
General Partnership
<u>Collective decision-making</u>. Partners share in the running of the business. Decisions are made after consultations with partners.
Sole proprietorship
<u>Unlimited liability.</u> The business and owner are treated as one entity. Assets and debts of the business belong to the owner.