Answer:
89.66 years
Explanation:
In this question, we use the NPER formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Present value = $1,500
Future value = $4,000
Rate of interest = 1.1%
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the answer would be 89.66 years
Answer:
5.78%
6.59%
8.85%
11.40%
Explanation:
The formula for determining future value (FV) given present value is(PV) :
FV = PV (1 +r)^n
r = interest rate
n = number of years
1. $338 = $270 x (1 + r)^4
( $338 /$270)^0.25 = 1 + r
1.0577 = 1 +r
r = 1.0577 - 1
r = 5.78%
2. 1231 = 390 (1 + r)^18
(1231 / 390)^0.055556 = 1 + r
1.065941 = 1 + r
r = 1.065941 - 1
r = 6.59%
3. 210390 = 42000 (1 +r)^19
(210390 / 42000)^0.052632 = (1 +r)
1.088505 = 1 + r
r = 8.85%
4. 613,284 = 41,261 (1 + r)^25
(613,284 / 41,261)^0.04 = (1 + r)
1.113999 = 1 + r
r = 11.40%
Answer:
Total number of equivalent units= 100,000
Explanation:
Giving the following information:
A total of 90,000 were finished during the period and 25,000 remaining in Work in Process inventory were 40% complete with respect to direct labor at the end of the period.
Weighted-average method:
Units completed= 90,000
Ending inventory= 25,000*0.4= 10,000
Total number of equivalent units= 100,000
Answer:
Look at explanation.
Explanation:
If they make music at guitar piano and harmonium then their music will be best .
They can earn money if they have soft voice with nice tune of music.
The price-elasticity of demand coefficient measures the percentage change in demand compared to the percentage change in price. This is on a scale up to 1, with 1 meaning the demand is perfectly elastic and every change in price results in a significant change in demand.
