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lbvjy [14]
4 years ago
15

Dusty would like to buy a new car in six years. He currently has $13,500 saved. He’s considering buying a car for around $17,500

but would like to add a Turbo engine to increase the car’s performance. This would increase the price of the car to $21,500.If dusty can earn 9% interest compounded anually will he be able to get a car with a turbo engine in six years?
Business
1 answer:
pishuonlain [190]4 years ago
5 0

Answer:

yes he will

Explanation:

with a compund intrest of 9 percent and he didnt put in any money after the 13,500 he will have $22,640.85 in 6 years, so now he can go buy his car and also buy a new exhaust system

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The following information is available for Harrison’s Hot Dogs: Actual production 12,320 packages, Budgeted production 12,500 pa
muminat

Answer:

$3,060 Unfavorable

Explanation:

<em>Variable overhead efficiency variance is the difference between the actual time taken to achieve a given production output less the standard hours for same multiplied by the standard variable overhead rate</em>

<em>Variable overhead efficiency variance is determined as follows:</em>

                                                                                                Hours

12,320 packages should have taken (12,320 × 1.5 )           18,480.

but did take                                                                           <u>19,500</u>

Efficiency variance ( in hours  )                                             1,020 Unfav.

× standard variable OH rate                                                 <u> × $3</u>

Variable overhead efficiency variance ($)                       <u>$3,060 Unfavourable</u>

                                                       

6 0
4 years ago
Preferred stock valuation uses a constant dividend while common stock can receive dividends based on fixed growth or dividends b
Aneli [31]

Answer:

The statement is true that Preferred stock valuation uses a constant dividend in its valuation while common stock can receive dividends based on fixed growth or dividends based on earnings and not a constant dividend.

The reason is because preferred stock has a guaranteed dividend with a fixed income.  This fixed income can, therefore, be expressed as a fixed percentage, thereby making preferred stock a fixed income investment.

Explanation:

A preferred stock because of its fixed-income is similar to a bond.  A bond earns a fixed percentage of interest.  In the same way, a preferred stock earns a fixed percentage of dividend, though there are many variants under the preferred stock class.  It is also like equity stock in that the stockholders participate in profit distribution but lack voting powers unlike common stockholders.

4 0
3 years ago
A company projects an increase in net income of $108000 each year for the next five years if it invests $900000 in new equipment
inna [77]

Answer:

18 %

Explanation:

Annual rate of return on this investment = annual profit / average investment x 100

where,

annual profit = $108000

average investment = (initial cost + salvage value) ÷ 2

                                 = ($900000 + $300000) ÷ 2

                                 = $600,000

therefore,

annual rate of return on this investment = $108000 / $600,000 x 100

                                                                   = 18 %

7 0
3 years ago
When and why did McDonald's expand its business to Australia​
Sliva [168]

more money and more busness

7 0
4 years ago
Being ________ means knowing what computers can do and what they can't, knowing how they can benefit you and how they can harm y
USPshnik [31]
The answer to this question is "SAVVY" which also means practical knowledge. <span>Being SAVVY means knowing what computers can do, its functionalities, and what they can't, knowing how they can benefit the people especially the students and how they can harm you, knowing when you can solve computer problems and when you have to call for help.</span>
4 0
3 years ago
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