This one is tricky, only because you aren't sure if they are adding the percentage before you deposit 4,000 more, or after. Since both are annually.
But I would add 11,122.76 and 4,000 =15,122.76 add 12% which is 1814.73 making your total for the first year = 16,937.49.
Then assume it again, you add 4,000. That's 20,937.49
add 12% of 20,937.49 which is 2512.50 so that equals =23,449.99 by the end of year 2.
so add 4,000 again, that's 27,449.99
find 12% and add it to get =3294 add that to the total =30,743.99 by year 3.
(I'm sure they want you to round, which I keep doing with my decimals, but it'll probably go faster if you round ahead of time, but I'm trying to be accurate)
Keep going....
34,743.99 which 12% added is 4169 or a total of $38,912.99 by end of year 4.
add 4,000 to get =42,912.99 and 12% that's roughly a total of 48,063 rounded by the end of year 5.
52,063 at 12% 58,310 by year 6.
58,000 add 12% = 64,960 at end of year 7
68,960 add 12%= 77235 at year 8
81,235 add 12% =90,983 by year 9
94,983 add 12% =106,380 by year 10 (this is where you can assume that they'd want you to double it and it's be 20 years and 210,000. But in real math, the amount is increasing so much because it's 12% of the current balance)
123,626.56 year 11
142,942 by year 12
164,574 by year 13
188,803 by year 14
203, 939 by year 15
So you'd go over 210 by year 16.
Now again, this depends if they add the 12% before or after you deposit 4,000 each year. It also has to have an easier equation, but to be accurate I did it this way. I'm sure that they want you to do like x=years and you'd go 11,122.76+4,000 multiplied by 12% and then try different years to see the number you get until you'd come to 16.
The United States' first large business bureaucracies began within which industry? A bureaucracy is a large organization of appointed officials. These members are chosen to represent the group at large until otherwise removed. Patronage is the first bureaucracy that began in 1789 that Thomas Jefferson served on.
Answer:
cost of goods manufactured= $490,000
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 20,000 + 120,000 + 190,000 + 170,000 - 10,000
cost of goods manufactured= $490,000
Answer:
Economic profit = $5000
Explanation:
given data
value of assets less debt = 200000.
return = 10% per year
total revenue this year = 295000
solution
we consider here that
payroll wage and salaries = $100000
interest paid = 40000
depreciation on equipment = 80000
supplies utility = 50000
so here we get first Total cost that is
Total cost = payroll + interest paid + depreciation + supplies .................1
put here value and we get
Total cost = 100000 + 40000 + 80000 + 50000
Total cost = $270000
Thus,
Accounting profit = Total revenue - total cost ..............2
Accounting profit = 295000 – 270000
Accounting profit = $25000
and we know Opportunity cost is
Opportunity cost = 10% of $200000
Opportunity cost = 10% × 200000
Opportunity cost = $20000
so here Economic profit will be
Economic profit = accounting profit - opportunity cost ..............3
Economic profit = 25000 - 20000
Economic profit = $5000
Basic or elementary business education
