Ali has launched business App. For smart mobile phones, the users who installed the app. in 2014 were 12000 users, and they increase by 10% each succeeding year. a) Determine the number of users in the year 2019. b) If Ali gains on average annual revenue of OMR 10 per user, what is the total revenue gained until the end of the year 2020?
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- Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase, and 5% in the second month following the purchase. What are the cash payments if it made the following purchases in 2018?A company manufactures Cars. During the years following 2018 (the company's 115th anniversary year), the company's gross income can be approximated by 1.97 - 0.13t billion dollars per year, where t is time in years since January 1, 2018. Assume this rate holds through January 1, 2023, and assume a continuous interest rate of 1.5% per year. (a) a1. What was the gross income of the company in 2018 (t = 0)? In billions dollars a2. What is the projected gross income in 2022 (t = 4) in billions dollars? (b) What was the present value, on January 1, 2018, of Harley-Davidson's gross income for the four years from January 1, 2018 to January 1, 2022? Round your answer to two decimal places in billions dollars (c) What is the future value, on January 1, 2022, of the gross income for the preceding 4 years? Give answer in billions dollarsOn January 1, 2020, KOO Inc. got a credit line from a bank worth 5,000,000. The credit line would require an annual fee of 50,000 and an interest of 1% per month. On March 1, 2020, 3,000,000 is used up and will be paid the next year 2021. The annual fee will be paid every January 25 and the interest will be paid every 25th of the following month. KO0 Inc. paid the necessary payments on time. What is the total interest payable relating to the credit line as of December 31, 2020?
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- Please use excel and explain how you solved it step by step thank you How much income should an investment of 100,000 $ made today, in order to make a profit with 7% interest, bring in per year for 10 years?Computer Solutions’ success in the fourth quarter of 2022 has attracted the attention of David Wright,who considered investing in the company. A price of $15 per share was offered by Ramona, whichDavid accepted (a great way to start out the new year). The following transactions occurred betweenJanuary 1 and January 31, 2023, and need to be recorded in the general journal. Based on the initial success of Computer Solutions, David Wright invested an additional $15,000 cash in the company in exchange for 1,000 shares of the Company’s $10 par value common stock. (Reminder: anything paid in excess of par goes to Paid in Capital in Excess of Par. Can someone please help me with the general journal entry for this problem?A young engineer’s starting salary is $52,000. The engineer expects annual raises of 3%. The engineer will deposit 10% of the annual salary at the end of each year in a savings account that earns 4%. How much will the engineer have saved for starting a business after 15 years? We suggest that the spreadsheet include at least columns for the year, the year’s salary, the year’s deposit, and the year’s cumulative savings.
- You own a company. This company’s projected revenue is $30,000 for year 1, $31,000 for year 2, and $32,000 for year 3. From the 4th year onwards, revenue is expected to be 5% higher than the previous year. Assume the appropriate nominal discount rate is 8%, and all revenue is collected at the end of each year. Determine the present value of your sales revenue for the first 15 years, round to 2 decimal places. [show the step by step of how to find each result]Nicole thinks that her business, Nicole’s Getaway Spa (NGS), is doing really well and she isplanning a large expansion. With such a large expansion, Nicole will need to finance some ofit using debt. She signed a one-year note payable with the bank for $50,000 with a 6 percentinterest rate. The note was issued October 1, 2014; interest is payable semiannually; and the end ofNicole’s accounting period is December 31.Required:Prepare the journal entries required from the issuance of the note until its maturity on September30, 2015, assuming that no entries are made other than at the end of the accounting period, wheninterest is payable, and when the note reaches its maturity.Claire is planning annual end of year withdrawals from her tax-free account after retirement for 35 years. She has Principal of $755,000, Investment return is 6%, Initial withdrawal $40,000 and annual increase of withdrawal $1,000. Show the work if Claire is possible to continue withdrawing for 35 years? In order for her to do that, what does she have to do?( show excel function & cell reference)