Answer:
x = $16,078.46
Explanation:
$100,000 = 1.0101x + 1.0204x + 1.0309x + 1.0417x + 1.0526x + 1.0638x
$100,000 = 6.2195x
x = $100,000 / 6.2195 = $16,078.46
month investment value at end of month 6
1 $16,078.46 $17,104.74
2 $16,078.46 $16,924.68
3 $16,078.46 $16,748.39
4 $16,078.46 $16,575.73
5 $16,078.46 $16,406.59
6 $16,078.46 $16,240.87
total $96,470.76 $100,001*
*the extra $1 is due to rounding errors.
Answer:
Memo
To: The Finance Manager
From: The Payables Accountant
Subject: Bank Loan to Pay Suppliers
Date: October 5, 2020
The above subject on our previous discussion refers.
This memo clarifies the advantage of borrowing from our bank the sum of $100,000 in order to offset the account of our supplier who has offered us the trade terms of 2/10, n/30.
Recall that the bank loan's interest rate is 6% per annum. If we borrow within the month and repay 30 days after, the interest cost will be $500 ($100,000 * 6%/12).
You can compare this to the discount we shall receive from the supplier totaling $2,000 ($100,000 * 2%). We can even extend the bank loan to 2 months, thereby paying a total interest cost of $1,000 ($500 * 2).
The implication is that we shall be making some gains by taking advantage of the cash discount. May you approve the loan based on this clarifications.
Regards,
Tony Ohagwam
Explanation:
This memorandum attempts to justify the request for a bank loan in order to settle the bill of one of our company's suppliers. It demonstrates the huge financial benefits that are implicit in accepting cash discounts from suppliers.
Payroll is your answer.
Payroll is a list that have all employees listed on it as well as the amount they were to be paid during a certain amount of time.
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Correct question: I do not know if this question is complete or not but if i understand you well enough, I'd say that the minimally acceptable rate of pay will be in accordance to what is obtainable in yur state or area. $X.XX represents pay per hour while $XX.XXX represents pay per year.
Answer:
I would say Negotiable to be on the safe side if you can't come up with a certain amount by yourself.
Explanation:
When you have to fill on an application and it gets to the rate of pay, you either be on the safer side and write Negotiable if you do not want to sell yourself short or be too pricey. But it is almost certain that the rate of pay applicable in your state or area is what you will be getting per hour.
I hope this helps.
Answer:
Implementation Phase
Explanation:
After Planning, it is imporrant to carry out clarified Implementation to successfully carry out what need to be done and when. This is important to ensure your plan is achieved without fault. Sweatshop labour which is a situation where workers are employed at low wages and mostlyunder unhealthy conditions to produce products usually occurs during the implementation phase.
