Answer:
I should have $11,554.94 in my savings account today.
Explanation:
This can be calculated using the formula for calculating the present value (PV) of a growing annuity as follows:
PVga = (P / (r - g)) * (1 – ((1 + g) / (1 + r))^n) .................... (1)
Where;
P = maintenance costs in the first year = $150
r = interest per year = 2%, or 0.02
g = growth rate of maintenance costs = Expected annual increase in maintenance costs / maintenance costs in the first year = $100 / $150 = 0.666666666666667
n = useful life = 8
Substituting the values into equation (1), we have:
PVga = (150 / (0.02 - 0.666666666666667)) * (1 - ((1 + 0.666666666666667) / (1 + 0.02))^8)
PVga = 11,554.94
Therefore, I should have $11,554.94 in my savings account today.
Answer:
Assets
Explanation:
Assets refer to an item of property owned by a person or company which is regarded as value and available to meet commitments, debts etc. So here you can say jaime's laptop computer, speaker system and blu ray player are his assets
Answer:
By how much are customers paying early or late?
Explanation:
Days sales outstanding (DSO) represents the average number of many days it takes a business to collect its accounts receivables.
DSO = (accounts receivables / total credit sales) x 365 days
DSO = ($60,000 / $325,000) x 365 days = 67.38 days
customers are paying late by 67.38 days - 45 days = 22.38 days
Answer: Consulting firms and government organizations
Explanation:
When external bodies; Consulting firms and any organization carry out a task in a firm, it is said that the particular job was outsourced for services to be provided by an external body.
Last week: $12,500.This week: $12,500 * 2 = $25,000Next week: ( $12,500 + $25,000 ) : 2 = $37,500 : 2 = $18,750Answer: David plans to spend $18,750 on advertising next week.
