The constant monthly withdrawal amount can be calculated by using PMT function in excel as in =PMT(rate,nper,pv) where rate = 7% = 0.07/12 (Monthly rate), nper = 20 years = 20*12 = 240 months and pv = 300,000
Constant monthly withdrawal amount =PMT(0.07/12,240,300000)
Constant monthly withdrawal amount = $2,325.90
Constant monthly withdrawal amount = $2,326 (Option C)
Answer:
The marginal propensity to consume (MPC) is 0,75.
Explanation:
This value is gotten by dividing the $90 of consumption by total raise ($120). MPC is a ratio that calculates the tendency of people to consume per every unit of money (in this case, dollars). In aggregate levels, it is important to understand the effects of investment and consumption in the whole economy
Answer:
The correct answer is: Online transaction processing (OLTP).
Explanation:
The acronym OLTP stands for Online Transaction Processing. These procedures facilitate the management of transactional applications for data entry, recovery and processing. It is typical of operational databases, and the software packages used for these technologies are based on the client-server technique. These systems are often used by companies that enjoy a distributed computer network, such as the agents responsible for the supply chain, airlines, banks, industry, etc.
This system optimizes access to data, facilitating the tasks of reading, writing and analysis that are carried out frequently. OLTP procedures structure this data according to its level of application (custom management program, CRM or ERP implemented ...), in addition, they do not have to remain uniform in different departments due to the common lack of compatibility. Finally, they are characterized because the data history is limited to the present or to the most recent.
In this way, the systems of this technology record the business interactions that are produced throughout the daily operation of the organization, admitting the consultation of data for different interventions.
Answer:
The estimated finished goods inventory balance at the end of November is closest to: $383,800.
Explanation:
<em>First calculate the units of ending finished goods inventory for November </em>
units of ending finished goods inventory = 10,100 × 40%
= 4,040 units
<em>The determine the unit standard cost</em>
Raw materials ( 5 × $1.00) = $5.00
Direct labor (3.0 × $19.00) = $57.00
Manufacturing overhead : Variable (3.0 ×$11.00) = $33.00
Unit Standard Cost = $95.00
<em>Finished goods inventory balance</em>
Finished goods inventory balance = units of ending finished goods inventory × unit standard cost
= 4,040 units × $95.00
= $383,800
Answer:
March 1
Account Debit Credit
Cash $323,000
Common Stock $153,000
Paid-In Capital in Excess
of Par Value $170,000
April 1
Account Debit Credit
Cash $87,000
Common Stock-no par value $87,000
April 6
Account Debit Credit
Inventory $56,000
Common Stock $56,000
Machinery $170,000
Paid-In Capital in Excess of
Common Stock $170,000
Note Payable $92,000
Cash $92,000
