greenbriar cotton mill is spending $284,000 to update its facility. the company estimates that this investment will improve its
1 answer:
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Answer:
1) 1.25
2) 1600.00
3) 250,000 pennies
Explanation:
Given:
•Number of workers, n = 2,500
•Output per month =4,000,000 units
•Current total variable costs = $5,000,000
1) For average variable costs:
Average variable costs =
Total variable costs/output.p.month
=
= 1.25
2) Average product of labour will be:
Average product of labour =
Output per month/n
= 1,600.00
3) Monthly wage for each worker will be given as:
Monhly wage =
Total variable costs/n
Therefore, monthly wage for each worker =
= $2,500 => 250,000 pennies
Answer:
(a) future value = $2041396.79
(b) future value = $862308.06
(c) financially suggest to invest early so that here amount fetch maximum returns
Explanation:
given data
rate = 9%
solution
when we invest = $100,000
time t = 35 year
so we get here future value FV
FV = Present value × ...................1
FV = $100,000 ×
FV = $2041396.79
and
when time will be 25 year
future value will be
FV = Present value × .................2
Fv = $100,000 ×
FV = $862308.06
and
we can see difference is large because of the compounding effect
so the financially suggest to invest early so that here amount fetch maximum returns