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1 year ago

find the accumulated amount at the end of 9 months on an $800 deposit in a bank paying simple interest at a rate of 6% per year.

1 answer:

7 0

As per the given figure, after calculating the accumulated amount, the figure that has been arrived is $1,232.

<h3>What is the accumulated amount?</h3>

Accumulated value or accumulated amount, both are synonyms. It is used to refer to the cash value. Basically, this means there is an easy way of calculating the accumulated value.

All one has to do is to find the total or the sum of the initial investment and, in that addition, the interest which has been earned till date will be added. Formula for calculating the simple interest is

Accumulated amount =Principal amount (1+rate * time)

Here Principal amount = $800, rate= 0.06, time=9 months

Accumulated amount = 800 (1+(0.06*9) = 800 (1+ 0.54 ) = $1,232.

Thus, the accumulated amount for the given data is $1,232.

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1. If Bodin Company plans to sell 480,000 units during the year, compute the number of units the firm would have to manufacture

Dmitriy789 [7]

Answer:

450,000 Units

Explanation:

The complete part of the question is as below:

Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are planned for the year 20x1. Two units of raw material are required to produce each unit of finished product.

January 1 December 31

Raw material 35,000 45,000

Work in process 12,000 12,000

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Solution:

Units to be manufactured to sell 480,000 Units = Sales + Closing Inventroy - Opening Inventory

= 480,000 + 50,000 - 80, 000 = 450, 000 Units

The number of units Bodin would have to manufacture is 450,000 Units

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3 years ago

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Suppose that a monopoly firm finds that its MR is $56 for the first unit sold each day, $55 for the second unit sold each day, $

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Answer:

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3 years ago

Heinrich is a manufacturing engineer with the Miller Company. He has determined the costs of producing a new product to be as fo

dusya [7]

Answer:

It need sales figure of 22,125 units per year to break even considering their currnent contribution marign and fixed cost.

Explanation:

fixed cost per year:

equipment lease cost: 288,000

other overhead cost <u> 48,300 </u>

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each units generates $15.20 dollar we need to save up for 336,300 dollars

break even point:

336,300 / 15.20 = 22,125 units

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3 years ago

The beginning capital balance shown on a statement of owner's equity is $100,000. Net income for the period is $50,000. The owne

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Answer: $125,000

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Hence the year end balance of the capital in given case is, $1000,000 + $50,000 - $25,000 = $ 125,000

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3 years ago

Which of these pavement markings separates two lanes traveling in the same direction?

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The pavement markings that separate two lanes traveling in the same direction is A broken white line

<h3>What is a Pavement Marking?</h3>

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