Response:
$5,917,965.66 annually
Clarification:
The sum of $48 million accounts for the total of all annuities after a decade. To determine how much the city of Glendale must allocate each year, we use the present value of annuity equation, outlined below.
P = PV × r / 1 − (1+r)−n
Where P is the payment amount
PV = present value of annuity: $48,000,000.00
r = interest rate: 4 % = 0.04
n: number of periods: 10
P = $48,000,000 x {0.04/(1-(1+0.04)-10}
P = $48,000,000 x {0.04/ 1-0.6755641688)
P =$48,000,000x (0.04/0.3244358312)
P= $48,000,000 x 0.123290951
P= 5,917,965.66 per year
Answer: Assessing demand for the products.
Evaluate customer satisfaction.
Explanation: It’s crucial to market not just the products we have an affinity for, but rather those that customers actually seek. Our initial step should involve understanding what consumers want and ensuring their satisfaction remains high.
Response:
B
Hope this information is useful
The net income recorded for 2020 totals $171,360. Explanation: The calculation for net income is outlined as follows: Net income = Net sales - Cost of goods sold - Administrative costs - Selling costs - Loss from discontinued operations - income tax expenditure, which translates to $550,800 - $214,200 - $81,600 - $40,800 - $42,840 equals $171,360. The income tax expense calculation is done as follows: Income tax expense = (Net sales - Cost of goods sold - Administrative costs - Selling expenses - Discontinued operations) multiplied by the income tax rate, yielding $214,200 multiplied by 20%, resulting in $42,840.
