<span>In this problem we need to find the principal (P), A=11000, r=.09, t=2
:
P * e^(.09*2) = 11000
P * e^.18 = 11000
P =
on a good calc enter:
11000/(e^.18) = 9187.97 ~ $9188 required
:
</span><span>Check solution on a calc: enter 9188 * e^.18 = 11000.03</span><span>Yes, convert 9% to .09
:
The continuous interest equation: P * e^(r*t) = A
Where A is the resulting amt; P = principal; r = interest rate; t = time in yrs
</span>
Answer:
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Explanation:
Answer:
Debt increases the possibility of financial distress.
Explanation:
Debt overstretches the firm and causes unnecessary stress. It does not put into consideration the profits made, if it is high or low, because, it must be paid constantly.
More devastatingly, there is a greater possibility of financial distress, especially when the firm experiences an economic crisis.
Answer: Meat packing plant
Explanation:
The options to the question are:
A. California wine grower
B. meat packing plant
C. horticultural nursery
D. Florida orange grove
E. none of the above
Of all the options given in the question, the correct answer is meat packing plant. It should be noted that the meat packaging plant will not be part of the production sector due to the fact that no productive activities are taking place, it only involves in services.
Answer: $55.20
Explanation:
The Weighted Average Cost method of valuing inventory averages the cost of the entire inventory in stock and then uses the resultant cost to value all of the inventory.
As it is an average, it works by adding up all the costs and dividing by the number of units.
1 unit of each good costing the prices listed were purchased so,
= $10 + $12 + $14 + $16 + $17
= $69
5 units were purchased so the average is,
= 69/5
= $13.80 is the cost per inventory unit.
One unit was sold on April 25
4 units therefore remain.
Cost of ending inventory is,
= 13.80 * 4
= $55.20
I have attached the complete question below.