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2 years ago

Please assist with the answer

Business

1 answer:

otez555 [7]2 years ago

5 0

Answer: $1203.83

Explanation: Continuous compounding is a great thing if you are earning on an investment. It says that the principal is constantly earning interest and the interest on interest is also compounding continuously. The formula for the continuous compounding is:

$A = P*e^(r*t)$

where, A = $2600

e = the mathematical constant e (2.7128)

r = 11%

n = 7 years

By inputting the above variables in the formula,

$$2600 = P * e^(0.11*7)$

$$2600 = P * e^(0.77)$

$2600 = P * 2.159766

P = $1203.834

Therefore, the amount to be invested today will be $1203.834

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Connor Company produces speaker systems for cars. Estimated sales (in units) in January are 40,000; in February 37,000; and in M

Vera_Pavlovna [14]

Answer:

Our answer is E 114,420

Explanation:

Production budget:

Jan Feb Mar

Budgeted sales units 40000 37000 34000

Add: Ending inventory 12950 11900

Total requirement 52950 48900

Less: Beginning inventory 14000 12950

Budgeted production units 38950 35950

Purchase budget of Box:

Jan Feb

Budgeted production 38950 35950

Bx required per unit 3 3

Total requirement of Boxes 116850 107850

Add: Ending inventory 21570

Total boxes needed 138420

Less: Beginning inventory 24000

Budgeted Purchase boxes 114420

Answer is E. 114420

5 0

2 years ago

Emporia Corporation is a lessee with a capital lease. The asset is recorded at $810,000 and has an economic life of 8 years. The

Doss [256]

Answer:

The amount of depreciation expense the lessee should record for the first year of the lease is $108,000

Explanation:

To calculate the depreciation expense for each year the first thing you have to do is to substruct from the initial value the fair value at the end fo the lease, obtaining this way the depreciable amount.

For this case it would be:

$810,000 - $270,000= $540,000

Then you have to divide the depreciable amount by the years of the term the lease.

$540,000/5= $108,000

4 0

2 years ago

JPJ Corp has sales of $ 1.16 million, accounts receivable of $ 47,000, total assets of $ 4.81 million (of which $ 3.05 millio

worty [1.4K]

Answer:

a. JPJ's accounts receivable days: 14.79 days

b. JPJ's Fixed asset turnover: 0.38

c. JPJ's Total asset turnover: 0.24

d. JPJ's Inventory turnover: 3.86

Explanation:

a. The accounts receivable days is calculated by using following formula:

The accounts receivable days = (Accounts receivable/Annual Sales) x Number of days in the year = ($47,000/$1,160,000) x 365 = 14.79 days

Fixed asset turnover = Net Sales/Fixed assets = $1,160,000/$3,050,000 = 0.38

Total asset turnover helps investors understand how effectively companies are using their assets to generate sales. Total asset turnover is calculated by using following formula:

Total Asset Turnover = Total Sales/Total Assets = $1,160,000/$4,810,000 = 0.24

Inventory turnover = Cost of goods sold/Inventory = $590,000/$153,000 = 3.86

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2 years ago

Four basic steps are used in an abc system. list the proper order of these steps, which are currently scrambled below:

alukav5142 [94]

First Identity the primary activities
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Followed by calculating an activity
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2 years ago

Why do most economists believe that it is important for a country’s central bank be independent of the rest of the country’s cen

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Answer:

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In the last report of FOMC is highlighted the behaviour of market labour and the lower expectations of inflation.

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There are two tools commonly used in political economy to finance government programs: taxation and paper currency print. When the central bank is not independent, the government has an incentive to print money to fund their programs, causing inflation. In economic science has been demonstrated that inflation is always caused by monetary phenomena.

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2 years ago