Answer:
PV= $1,006,512.21
Explanation:
Giving the following information:
Annual payments= $150,000
Discount rate= 8%
Number of periods= 10 years
<u>First, we need to calculate the future value using the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {150,000*[(1.08^10) - 1]} / 0.08
FV= $2,172,984.37
<u>Now, we can determine the present value:</u>
PV= FV/(1+i)^n
PV= 2,172,984.37/(1.08^10)
PV= $1,006,512.21
Answer:
$0.02
Explanation:
C&A sells T-shirts for $20 that cost $5 to produce
The annual holfing cost percentage is 10%
The T-shirts turn 25 times a year
The first step is to calculate the holding cost
= $5 × 10/100
= $5 × 0.1
= 0.5
Therefore, since the T-shirts turn over 25 times a year then, the holding cost that C&A incurs for each T-shirts can be calculated as follows
= 0.5/25 times
= $0.02
Hence C&A incur a holding cost of $0.02 for each T-shirts
Solution :
In the context, it is given that foreman in a construction company is responsible for the workers who are unskilled labors.
1. The segregation of the duties which involves the separation of the main functions and have them to conducted by the different workers. But here in this case, the approval of the attendance of the employees and the distribution of the checks to the worker are the important activities that are being conducted by a single employee.
2. This may result into frauds to the company. If the segregation of the duties is not implemented, then the company is at risk. This is because a single employee does the work for the approval of the attendance of the workers and distributing the checks to them for their work. So this can result in a fraud if the foreman wants to do fraud. But distributing the work among two employee will reduce the risk of fraud as one employee many not be willing to do fraud.
Answer:
The liability of John is $50.
Explanation:
When the ATM, credit, or debit cards of a customer are stolen or lost, both the Fair Credit Billing Act (FCBA) and the Electronic Fund Transfer Act (EFTA) come into action to give protection to the customer.
Specifically, if the credit or debit card is stolen or lost, the FCBA provides that maximum amount of liability that the customer will bear for any unauthorized use is $50.
The EFTA provides that if the stolen card is reported within 2 business days, the maximum liability for any authorised transaction is $50.
Therefore, since John notified his financial institution on Thursday which is still within 2 business days, his liability is still $50 based on the provisions of the EFTA and also the FCBA.
Answer:
The correct answer is letter "C": top management's attitude toward decentralized operating structures.
Explanation:
Sales forecasts have the purpose of providing companies with an idea of how their sales environment is going to be within a specific period. By forecasting, firms obtain objective information from inside and outside the company that allows them to maximize the distribution of their resources to cover the customers' demands in the future.
Thus, <em>an executive's attitude over decentralized operating structures is not relevant for sales forecasting.</em>
