Monthly income refers to the gross countable income received or projected to be received during the subsequent month.
<h3>
Interest compounded monthly</h3>
Given Information:
- Principal = 328,133.32
- Interest rate = 6.2%, compounded monthly
- Term = 25 years
A = P (1 + r/n)^nt
A = 328,133.32 (1 + 6.2%/12)^12*25
A = 328,133.32 (1 + 0.0052)^300
A = 328,133.32 (1.0052)^300
A = 328,133.32 (4.74)
A = 1,555,351.94 Total value after 25 years.
=1,555,351.94 / 300 months = 5,184.51 per month.
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I think that its either A or D! hope this helps
Answer: 25,200 pounds
Explanation:
Your question is incomplete as it lacked the first part. I attached a completion that I found.
The company has a policy that the ending inventory of foam each month must be equal to 30% of the following month's expected production needs.
This means that in August, the Opening inventory will be 30% of what was is needed in August and the Closing Inventory will be 30% of what is needed in September.
Remember that each cushion requires 2 pounds of foam as stuffing.
Pounds required in August
= 12,000 cushions * 2
= 24,000 pounds
Opening Stock
= 30% * (12,000 * 2)
= 7,200 pounds
Closing stock
= 30% * ( 14,000 * 2)
= 8,400 pounds.
Foam needed to be purchased in August = Pounds required tonbe produced + Closing Stock - Opening Stock
= 24,000 + 8,400 - 7,200
= 25,200
25,200 pounds of foam are what The Porch Cushion Company needs to purchase in August.
Answer and Explanation:
a. The computation of depreciation for each of the first two years by the straight-line method is shown below:-
Depreciation
= (Assets cost - Salvage value) ÷ Useful life
= ($171,000 - 0) ÷ 25
= $6,840
For First year = $6,840
For Second year = $6,840
It would be the same for the remaining useful life
b. The computation of depreciation for each of the first two years by the double-declining-balance method is shown below:-
First we have to determine the depreciation rate which is shown below:
= One ÷ useful life
= 1 ÷ 25
= 4%
Now the rate is double So, 8%
In year 1, the original cost is $171,000, so the depreciation is $13,680 after applying the 8% depreciation rate
And, in year 2, the ($171,000 - $13,680) × 8% = $12,585.60
