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2 years ago

What happened to the man who invested in a paper towel company and a revolving door factory?

1 answer:

3 0

The answer is <span>He was wiped out before he could turn around.
The pun is based on two major characteristics of the products created in each company. Paper towel products are created to wiped something out while the revolving door factory is created for big buildings such as malls and hotels in order to maintain traffic.</span>

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Delores Bierlein paid a $200 deposit toward the rental of the Silver Room at Alex's Continental Inn for her wedding reception. L

sweet-ann [11.9K]

Answer:

It does not

Explanation:

In this question, we are asked to evaluate if a particular transaction carried out between a customer and an inn falls within the dictates of the local consumer protection law in the state.

Firstly, we look at what the local consumer protection law of the state talks about. It explicitly stated that customers should get receipts when suppliers receive deposits from them. Thus, this make the receipt act as the first thing to have if there would be any claim under the consumer protection law for the transaction carried out in the state.

Now, looking at the particular scenario we have, the customer paid for the room, but he was not issued a receipt. This makes the case not treatable within the consumer protection law of the state as the receipt which should have been a prerequisite for further exploration is not available

3 0

1 year ago

Read 2 more answers

A(n) ______ does not work for either the employer or the employee. It acts as a go-between for employers looking to hire and emp

Anastaziya [24]

Answer:

An employment agency

Explanation:

An employment agency is a firm whose primary purpose is to connect employers and employees. The agency does not employ people but aims at placing them for employment in other organizations. The agency matches the job opening in organizations and available skills.

In some countries, employment agencies can be government-owned or private businesses. Organizations that employ though agencies will save on time and recruitment costs.

3 0

2 years ago

Does PepsiCo’s portfolio exhibit good resource fit? What are the cash flow characteristics of each of PepsiCo’s six segments? Wh

Snowcat [4.5K]

Answer:

Yes, PepsiCo’s portfolio exhibit good resource fit.

The cash flow characteristics of PepsiCo's six segments are

Ability to scout for future acquisitions.
Good credits and return on Investment.
Reinvestment in the development of business
Ability to pay off expenses
Ability to provide a buffer against future financial challenges
Good sales in and out of season,

The strongest contributors to PepsiCo is:

Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA)

Frito-Lay ratings is good in that it accounts for 29% of PepsiCo's total revenue as at Septemeber 2019 report.

8 0

1 year ago

On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for all transactions): (FV of $

kodGreya [7K]

Answer:

This question is incomplete, here's the remaining part to complete the question:

1. In transaction (a), determine the present value of the debt.

2-a. In transaction (b), what single sum amount must the company deposit on January 1,?

2-b. What is the total amount of interest revenue that will be earned?

3. In transaction (c), determine the present value of this obligation.

4-a. In transaction (d), what is the amount of each of the equal annual payments that will be paid on the note?

4-b. What is the total amount of interest expense that will be incurred?

Explanation:

a) A sum of $6,000 is to be paid at the end of each year for 7 years and the principal amount $115,000 to be paid at the end of 7th year.

PV=$6,000/(1+0.07)^1 + $6,000/(1+0.07)^2 +$6,000/(1+0.07)^3 +$6,000/(1+0.07)^4 +$6,000/(1+0.07)^5 +$6,000/(1+0.07)^6 +$6,000/(1+0.07)^7 +$115,000/(1+0.07)^7

PV=$5,607.47 + $5,240.63 + $4,897.78 + $4,577.37 + $4,277.91 + $3,998.05 + $3,736.49 + $71,616.22

PV=$103,951.92

b) Let the single sum that will grow to $490,000 at 7% interest per annum at the end of 8 years be X

FV=PV(1+i)^n

$490,000 = X(1+0.07)^8

Thus,

X= $490,000/(1.07)^8

X = $490,000/1.7182

X = $285,182

Thhus, a single sum of $285,182 needs to be deposited for 8 years at 7% interest p.a.

The total amount of interest revenue is ($490,000-$285,182) = $204,818

c) PV = $75,000/(1.07)^1 + $112,500/(1.07)^2 + 150,000/(1.07)^3

PV = $70,093.45 + $98,261.85 + $122,444.68

= $290,800

FV =$75,000*(1.07)^1 + $112,500*(1.07)^2 + 150,000*(1.07)^3

= $80,250 + $85,867 + $91,878

= $257,995

d) The cost of the machine is $170,000. Immediate cash paid $34,000. Loan Amount is ($170,000-$34,000)=$136,000

The PVA factor at 7% p.a compounded annually for 5 years is 4.1002

Thus, the PMT = 136,000/4.1002

= $33,169

Thus, the amount of each annual payment is $33,169 for 5 years.

The total amount to be paid is ($34,000+$33,169*5)

=$34,000+$165845

=$199845

The interest expense is ($199845 - $170,000)

= $29,845

6 0

2 years ago

The municipality of Smallville has arranged to borrow $30 million in order to implement several public projects (flood control

sergeinik [125]

Answer:

The correct response is "6.71 years".

Explanation:

The given values are:

Loan amount

= $30 Million

Loan payment per year

= $5 Million

Interest rate

R = 3%

Let,

The take number of years will be "n".

⇒ $30=5\times (\frac{\frac{1-1}{(1+3 \ percent)^n}}{3 \ percent} )$

⇒ $30\times \frac{3 \ percent}{5}=(\frac{1-1}{1.03^n} )$

⇒ $.18=\frac{1-1}{1.03^n}$

⇒ $\frac{1}{1.03^n} =1-.18$

⇒ $1.03^n=\frac{1}{.82}=1.2195$

On taking log both sides, we get

⇒ $n=\frac{log (1.2195)}{log(1.03)}$

⇒ $n=6.71 \ years$

8 0

1 year ago