Answer: $8,009.3
Explanation:
Given that,
Deposits(P) = $100 today (Annuity amount)
Additional deposits = $100 end of each quarter for the next 13 years
nominal annual rate = 6% compounded annually
= 0.015
No. of deposits (n) = 53
Payments are made at end of quarter. So future Value of annuity formula will become applicable.
Future value of annuity due = 
= 
= 100 × 80.09
= $8,009.3
Therefore, she will have $8009.38 for her trip.
Answer:
Kentucky can gain advantage since it has not breached any terms of the contract.
Explanation:
Kentucky Lumber will be beneficiary of the decision since it is Rommel company who is ending up the contract but Kentucky Lumber is willing to continue the service according to the terms of the contract. Kentucky mill work was destroyed but it bought the equipment from a third party to continue providing the service according to the contract terms.
Answer:
The information provided to Kanska was insufficient.
Explanation:
The onus was on the company to provide all the necessary information for Kanska to work with.
An application development firm only creates applications based on the requirements gathered from clients and if clients don't divulge all necessary information, there is bound to be dissatisfaction in service when the mobile application is provided.
Answer:
$56,000
Explanation:
Given the above information, we will calculate first the total cash flow.
Total cash flow = Opening cash receivable + Sales - Ending cash receivables
= $196,000 + $880,000 - $226,000
= $850,000
Ending cash balance = Opening cash balance + Total cash flow - Cash disbursement
= $146,000 + $850,000 - $940,000
= $56,000
Answer:
The below statement marks the company's vision.
In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.
Explanation:
Companies tend to summarize their goals and objectives in mission and vision statements. Both of these serve different purposes for a company but are often confused with each other.
<u>Vision of a company/organisation</u>
- Vision statement outlines what a company wants to be in the future.
- The Vision Statement focuses on the future
- It is a statement that is a source of inspiration and motivation.
- It describes not just the future of the organization but the future of the industry or society in which the organization hopes to effect change.
Relevance to the given scenario is that in the identified statement, Micheal has clearly demonstrated, what he sees for the foundation and how it wants to impact the foundation's stakeholders.
The vision of the foundation is as follows:
<em>In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.</em>
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Vision is different from the mission:
<u>Mission statement:</u>
The Mission Statement concentrates on the present; it defines the customer(s), critical processes and it informs you about the desired level of performance.
The mission of the foundation is as follows:
<em>The purpose of the foundation is to maximize the effect of public participation and welcome the recognition for volunteering.</em>
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