Answer:
I will accept the offer if the price per painting is $56,312.41 or higher.
Explanation:
We will calculate the present value of the other option which is, selling our painting as a freelancer.
C 315,000.00
time 5
rate 0.2
PV $942,042.8241
Now, we subtract the signing bonus of 100,000
942,042.83 - 100,000 = 842,042.83
And solve for the annual proceeds from the painting we need to equalize the opportunity cost:
PV 842,042.83
time 5
rate 0.2
C $ 281,562.03
Now, we divide by the 5 painting per year:
$281,562.03 per year / 5 painting per year = $56,312.41
Answer: Option C
Explanation: In simple words, product focused process refers to the processes that focuses on producing the batch of similar products. These processes are usually used to manufacture products like paper rolls and light bulbs.
Under this process large units are produced of a similar product. Such processes require high fixed cost and low variable cost.
From the above we can conclude that the correct option is C.
Answer:
Wholesale banking refers to banking services sold to large clients, such as other banks, other financial institutions, government agencies, large corporations, and real estate developers. It is the opposite of retail banking, which focuses on individual clients and small businesses. Wholesale banking services include currency conversion, working capital financing, large trade transactions, mergers and acquisitions, consultancy, and underwriting, among other services
Based on the profits of the new business, the size of the value of the new business would be $282,860.
<h3>What would be the value of the new business?</h3>
The new business is said to make a profit of $100,000 every year and the interest rate is 3%.
The value of the new business is therefore:
= Amount x Present value interest factor of an annuity, 5 years, 3%
= 100,000 x 2.8286
= $282,860
In conclusion, the value would be $282,860.
Find out more on present value of annuities at brainly.com/question/25792915.
