Answer:
In simple words, When it comes to conserving money, the most crucial factor to remember is the protection principle. When you save enough money beyond what you'll need for short-term objectives and emergencies, you'll have money to invest. Professionals advise saving one to two years' worth of account value in a contingency savings.
Thus, protecting principal is the core focus of the managers in savings plan.
Answer:
(a) $921,100
(b) $643,500
(c) $567,700
Explanation:
(a) Cost of goods sold:
= Sales - Gross profit
= $1,261,800 - $340,700
= $921,100
(b) Direct Material Cost:
= Materials purchased - Indirect materials - Materials inventory
= $643,500 - $46,700 - $46,700
= $643,500
(c) Direct labor cost:
= Total manufacturing costs for the period - Direct materials - factory overhead (Indirect labor + Indirect materials + Other factory overhead)
= $1,393,000 - $643,500 - $181,800
= $567,700
Present value is $21094.13
<u>Explanation:</u>
The present value is calculated in the table below:
<u>Year Investment ($) PV Factor Present Value ($)
</u>
1 2138 0.917431 1961.47
2 2138 0.841680 1799.51
3 2138 0.772183 1650.93
4 11545 0.708425 8178.77
5 11545 0.649931 7503.45
Total 21094.13
Present value is $21094.13
<u>Where: </u>PV = present vale
The present value factor is calculated by taking or considering the 9 percent of discount rate.
<u>NOTE: </u>the present value in dollars is calculated by multiplying the investment with the present value factor
Payday loans typically have the highest interest rate. APEX
