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beks73 [17]
3 years ago
11

Future value of an annuity: Carlos Menendez is planning to invest $3,500 every year for the next six years in an investment payi

ng 12 percent annually. What will be the amount he will have at the end of the six years? (Round to the nearest dollar.)
Business
1 answer:
emmainna [20.7K]3 years ago
8 0
7 is the annual rate for 6 years
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Luck is what happens when preparation meets opportunity.
elena-s [515]

Answer:

Roman philosopher Seneca once said, “Luck is what happens when preparation meets opportunity.”

Explanation:

4 0
2 years ago
Yellow​ Press, Inc., buys paper in​ 1,500-pound rolls for printing. Annual demand is 3 comma 000 3,000 rolls. The cost per roll
GenaCL600 [577]

Answer:

59 orders

Explanation:

For computing the how many rolls should order at a time, first we have to determine the economic order quantity which is shown below:

The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

where,

Carrying cost = $875 × 20% = $175

And, other items values would remain the same

ow put these values to the above formula

So, the value would be equal to

= \sqrt{\frac{2\times \text{3,000}\times \text{\$75}}{\text{\$175}}}

= 50.71 units

Now The number of orders would be equal to

= Annual demand ÷ economic order quantity

= $3,000 ÷ 50.71 units

= 59 orders

7 0
3 years ago
Which of the following skills are
Verizon [17]

Answer:

A. organization

Explanation:

a secretary writes the minutes during a meeting and also schedules the meetings for his boss therefore he/she must be organized for the work to be done efficiently.

7 0
2 years ago
Below is the complete list of accounts of Cobras Incorporated and the related balance at the end of March. All accounts have the
Nookie1986 [14]

The trial balances of the Cobras Incorporated as of the given date and position will tally a balance of $62,400.

<h3>What is a trial balance?</h3>

A table that contains all the debit and credit balances from all the ledger books of accounts of a business organization as on a given date is known as the trial balance of such organization.

The trial balance has been attached in the image for better understanding of the concept for the learners. Please refer to the same for more insights.

Hence, the concept of trial balance has been explained above.

Learn more about trial balance here:

brainly.com/question/15059786

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3 0
2 years ago
The Gabbana Company’s maintenance costs are a mixed cost. At the low level of activity (40 direct labor hours), maintenance cost
gayaneshka [121]

Answer:

The variable maintenance cost per unit would be $8.33 and the total fixed maintenance cost would be $267

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable maintenance cost per unit = (High maintenance cost - low maintenance cost) ÷ (High level of activity - low level of activity)

= ($1,100 - $600) ÷ (100 direct hours - 40 direct hours)

= $500 ÷ 60 direct hours

= $8.33

Now the fixed cost equal to

= High maintenance cost - (High level of activity × Variable maintenance cost per unit )

= $1,100 - (100 direct hours × $8.33)

= $1,100 - $833.33

= $267

5 0
3 years ago
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