Tv advertising is considered to be particularly advantageous because ________.
1 answer:
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Answer:
The correct answer is A. $18,276
Explanation:
First you have to calculate how much you'd end up having at the end of the 25 years period in your savings account.
You calculate the total amount saved for each year, using the formula:
Where
is the total amount in the savings account for this period.
is the total amount in the savings account from the previous period.
is the interest rate.
are the annual deposits being made into the savings account.
Therefore for the first year you'd do:
For the second year:
And so on. You can help yourself calculate the value of this series using programs like Excel.
I have attached an Excel file that has a table with the savings values for each of the 25 years.
So, the 25th year you’ll have $365,529.70 in your savings account. Now you simply divide this number by 20 (that will be the number of years you’ll be withdrawing the same dollar amount from your savings account):
In conclusion, you’d be able to withdraw $18,276.485 each year for the following 20 years after the 25th deposit, if all withdrawals are the same dollar amount.
The correct answer is $35750
The amount of depreciation that should be allocated to drilling for the current period is $35750
<h3>How does depreciation work?</h3>Depreciation is the process of subtracting the entire cost of an expensive item you purchased for your company. However, you write off portions of it over time rather than completing it altogether in one tax year. Depreciating assets gives you more control over your budget because you may schedule how much money is written off annually.
<h3>How much depreciation should be devoted to drilling throughout the current time frame?</h3>Office costs: Salaries are $30,000, depreciation is $20,000, and advertising is $40,000. The total number of employees for drilling and grinding is 2500.
The overall net sales for drilling are 375 000, for grinding they are 450 000.
Drilling costs are 75,000, grinding costs are 125,000, and overall costs are 200000.
then,
Salaries: $30,000×=$12,000
Depreciation: $20,000×=$7,500
Advertising: $40,000× =$16,250
Total $35,750
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question options are wrong the correct question is:
marks corporation has two operating departments, drilling and grinding, and an office. the three categories of office expenses are allocated to the two operating departments using different allocation bases. the following information is available for the current period: office expenses total allocation base salaries $ 30,000 number of employees depreciation 20,000 cost of goods sold advertising 40,000 percentage of total sales department number of employees sales cost of goods sold drilling 1,000 $ 325,000 $ 75,000 grinding 1,500 475,000 125,000 total 2,500 $ 800,000 $ 200,000 the amount of depreciation that should be allocated to drilling for the current period is: multiple choice $25,000. $12,500. $7,500. $20,000. $35750. this is a correct option.