You plan to invest $2,500 in a money market account which will pay an annual stated interest rate of 8.75 percent, but which com
1 answer:
Answer:
$2,728.40
Explanation:
Given:
Amount invested in a market = $2,500
Annual interest rate = 8.75%
also, The interest is compounded weekly
and there are 52 weeks in an year
Therefore, the interest rate when compounded weekly =
or
Interest rate, r = 0.168% = 0.00168
Thus,
The ending balance = Principle × ( 1 + r )ⁿ
here, n is the duration i.e 52 weeks
therefore,
The ending balance = $2,500 × ( 1 + 0.168 )⁵²
or
The ending balance = $2,728.40
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Answer:
$60000
Explanation:
Given: Sales = $300000.
Cost of goods available for sale= $270000.
The gross profit ratio= 30%
First finding the gross profit out of total sales.
Gross profit=
Gross profit=
∴ Cost of goods sold=
Cost of goods sold=
Cost of goods sold=
Hence, cost of goods sold=
Now, finding estimated cost of the ending inventory.
Cost of ending inventory=
⇒ Cost of ending inventory=
∴ Cost of ending inventory=
Hence, estimated cost of the ending inventory under the gross profit method would be $60000.
Answer:
C : $6,375,000
Explanation:
The static budget revenue is the revenue resulting of the predicted sales volume selling at the predicted price per unit.
In this case, Hat Trick Manufacturing expected to sell 75,000 units at a price of $85 per unit.
The company's static budget is:
The answer is C : $6,375,000.