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NeX [460]
3 years ago
6

Karen and mike currently insure their cars with separate companies, paying $700 and $900 a year. if they insure both cars with t

he same company, they would save 10 percent on the annual premiums. what would be the future value of the annual savings over 10 years based on an annual interest rate of 4 percent
Business
1 answer:
Bumek [7]3 years ago
4 0
Given:
Karen - 700
Mike - 900
Same insurance company, they will save 10% on annual premiums.
period - 10 years
annual interest rate - 4%

Total Annual Premium:
700 + 900 = 1600 

Annual Savings:
1600 * 10% = 160

New Annual Premium:
1600 - 160 = 1,440

Future Value of Annual Savings:

FV = PV * FV factor for n = 10 ; i = 4%

FV = 160 * (1.04)¹⁰
FV = 160 * 1.480
FV = 236.80

The future value of the annual savings is 236.80.


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During a​ year, a​ firm's gross investmentgross investment is ​$6 comma 0006,000 and net investmentnet investment is ​$4 comma 8
Greeley [361]

Answer: The answer is $1,200

Explanation:

In order to calculate the Depreciation, we use the formula:

Gross investment = Net Investment + Depreciation.

Let Depreciation be represented by x

Gross investment - $6,000

Net investment - $4,800.

Therefore, we have:

6,000 = 4,800 + x

x = 6,000 - 4,800

x = 1,200

Therefore Depreciation is $1,200

7 0
3 years ago
You live Happytown, Illinois, and you are an intern for the Happytown County Health Department. It is now April and your office
34kurt

Answer:

The first place to post the flyer will be <u>Children Day Care Centers </u>

Second will be near <u>ponds, lakes</u> where people tend to go for swimming

Third will be at the <u>schools and hospitals</u>

Fourth will be at <u>indoor / swimming pool</u> for general public and professional swimmers

Explanation:

Children Day Care Centers:

Kids who attend day care centers, including diaper aged kids and people who take care of the day care kids are more like prone to infection. Especially, when parents of infected kids leave their kids in the day care where rest of the kids attend. Kids have weak immune system and they get easily affected by Cryptosporidium.

Ponds, Lakes, Indoor swimming pool

Backpackers, hikers & campers use the lakes and ponds for bathing, swimming etc., are exposed to Cryptosporidium infection as they end to consume unfiltered and untreated water

Schools and Hospitals

Kids, infants and pregnant women are more like to get seriously ill due to weak immune system which may lead to dehydration leading to diarrhea, as they tend to contact infected people.

4 0
3 years ago
The Werner Corporation uses the weighted-average method in its process costing system. The company recorded 24,400 equivalent un
olga_2 [115]

Answer:

21,000 units

Explanation:

The computation of the number of units started during November in the department is shown below:-

Number of units started during November in the department = units completed and transferred out + units in the ending work in process inventory - units in the Beginning work in process inventory

= 22,000 + 4,000 - 5,000

= 21,000 units

Therefore we have applied the above formula.

4 0
3 years ago
Question(2 points) Consider the following balance sheet for the Wahoo Bank. Use it to answer the two questions that follow. Use
lidiya [134]

Answer:

C. Required reserves decrease by $20.

D. Outstanding liabilities decrease by $200.

A. Required reserves increase by $65.00.

D. Outstanding liabilities increase by $650.

Explanation:

<u>PART I:</u><u> The withdrawal from the checking accounts:</u>

makes the required reserves to decrease as there is less cash deposists.

Also, the bank no longer has the obligation to give this 200 dollars to Shantee thus, otstanding liabilities decrease by 200 as well:

checking deposits 200 debit

               cash                            200 credit

<u>PART II:</u><u> Deposit in a checking account</u>

This is the opposite. The bank reserve must increase by 10% of the deposit

650 x 10% = 65

And the outstanding liaiblities increase by the full amount as later the bank will give back 650 dollars to Dalon in the future.

3 0
3 years ago
Actual indirect materials costs$11,800 $6,700 Actual indirect labor costs 55,600 45,900 Other overhead costs 16,000 49,900 Overh
dusya [7]

Answer:

See below

Explanation:

1. Actual costs = $11,800(indirect material + $55,600(indirect labor) + $16,000(other overhead costs) = $83,400(actual cost)

$91,400(overhead applied) - $83,400(actual cost) = Overhead applied is greater than the actual cost which means that overhead was over applied by $8,000

2. Debit: Manufacturing overhead $8,000

______ Credit: Cost of goods sold $8,000

3. Actual costs = $6,700(indirect material) + $45,900(indirect labor) + $49,900(other overhead costs) = $102,500

$96,700(overhead applied) - $102,000(actual costs) = Overhead applied is less than the actual costs which means that overhead was under applied by $5,800

4. Debit : Cost of goods sold $5,800

_______ Credit: Manufacturing overhead $5,800

7 0
3 years ago
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