Using the following table, determine the present value of an annuity of $50,0000 to be received at the end of each of five years at 6 percent interest.
Present value of an annuity of $1 at compound interest:
Periods123456789104.0%0.961541.886092.775093.629904.451825.242146.002056.732747.435338.110904.5%0.956941.872672.748963.587534.389985.157875.892706.595897.268797.912725.0%0.952381.859412.723253.545954.329485.075695.786376.463217.107827.721735.5%0.947871.846322.697933.505154.270284.995535.682976.334576.952207.537636.0%0.943401.833392.673013.465114.212364.917325.582386.209796.801697.360096.5%0.938971.820632.648483.425804.155684.841015.484526.088756.656107.188837.0%0.934581.808022.624323.387214.100204.766545.389295.971306.515237.0235810.%0.909091.735542.486853.169873.790794.355264.868425.334935.759026.1445711.0%0.900901.712522.443713.102453.695904.230544.712205.146125.537055.8892312.0%0.892861.690052.401833.037353.604784.111414.563764.967645.328255.6502213.0%0.884961.668102.361152.974473.517233.997554.422614.798775.131665.42624
Organization's Objectives
The specific goals a company seeks to achieve, guiding its operations and strategy, typically aimed at growth, profitability, and customer satisfaction.
Finished Goods
This refers to goods that have been completed by the manufacturing process but have not yet been sold to customers.
Gross Profit
delineates the profit a company makes after subtracting the costs directly associated with making its products or providing its services.
Direct Labor
The labor costs associated with workers who are directly involved in the production of goods or provision of services.