Answer:
save each year to reach their goal is $2152.48
save each year to reach their new goal is $2869.97
Explanation:
given data
amount saved = 120,000
Rate of Interest earned = 12.0 %
time = 18th birthday
solution
we consider here annual savings is = P
we use here formula for future value of annuity that is
future value of annuity = P × 
................1
here r is rate and n is time period
put her value
$120,000 = P × 
solve we get P = $2152.48
save each year to reach their goal is $2152.48
and
for $160,000 at 18th Birthday
we consider here annual savings = P
so from equation 1
we put here value
future value of annuity = P ×
$160,000 = P ×
solve and we get P = $2869.97
save each year to reach their new goal is $2869.97
Answer:
Cost of ownership
Explanation:
The cost ownership includes other elements of cost associated with owning a product eg operating cost.
A common example that comes to mind is the ownership of a car, analysing the total cost of ownership would include cost of fueling and maintaining the car as compared to buying a new brand of car.
It takes someone with foresight to see the bigger picture and look at what the product's real value and cost is over time.
Answer:
seal
Explanation:
Based on the information provided within the question it can be said that this information is found of the seal of the Lay's potato chips bag. This is is a type of award symbol that demonstrates excellence in a certain area for the product in question. Which in this scenario refers to the "Best Taste Award" that was given to the company by the American Culinary Institute.
Answer:
the Federal Trade Commission
Explanation:
Federal Trade Commission - This commission was established in 1914 with the aim to improve the competition practice in commerce. As the year passed, some amendments have done in the commission, now authority can police illegal competition practice.
it helps the customers in filing cases against any fraud, theft or any unfair practice against them.
Answer:
Dr cash $12,180
Cr notes receivable $12,000
cr interest revenue $180
Explanation:
The cash receipt implies that the company cash has improved by $12,180 which means that a debit of $12,180 would be recorded in the cash account,since an increase in asset is a debit to the specific asset account.
On the other hand,notes receivable account that was previously debited when the transaction was consummated will now be credited with $12,000 with $180 credited to interest revenue account.
The rationale for credit entry in interest revenue is that an increase in income is naturally a credit entry in the books of accounts.
