Answer:
Future value (FV) = $57,908
Present value (PV) = $8,860
Number of years (n) = 18 years
Interest rate = ?
FV = PV(1 + r)n
$57,908 = $8,860(1 + r)18
$57,908 = $8,860(1 + r)18
<u>$57,908</u> = (1 + r)18
$8,860
6.535891648 = (1 + r)18
18√6.535891648 = 1 + r
1.10993 - 1 = r
r = 0.10992 = 10.99%
Explanation:
In this case, we will apply the future value of a lump sum (single investment) formula. The present value, future value and number of years are given with the exception of interest rate. Thus, interest rate is made the subject of the formula.
Answer:
B) $1.40 per machine hour
Explanation:
Total machine hours = 29,000 + 48,000 = 77,000
Predetermined overhead allocation rate = Total estimated overhead costs / Total estimated quantity of the overhead allocation base
= $108,000 / 77,000 machine hours
= $1.40 per machine hour
In a SWOT stands for: Strength, Weakness, Opportunity and Threat. SWO are internal factors while T is an external factor. So if you look at your choices, products, customers and employees are internal and only one is external, which is Competing companies.
The answer is C.
Answer:
132.25 days
Explanation:
average days in inventory is an activity ratio.
Activity ratios calculates the efficiency of performing daily tasks.
average days in inventory = number of days in a period / inventory turnover
inventory turnover = cost of goods sold / average inventory = 138,000 / 50,000 = 2.76
Assuming a 365 day period , 365 / 2.76 = 132.25
