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3 years ago

What ROI will you need to double your money in 12 years

1 answer:

7 0

The rule of 72 says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72.

so in this equation we would use: 72/x=12 then you solve for X

X = 6%

So it would take approximately 6% ROI

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revorrow Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets a

nlexa [21]

Answer:

$9,906 F

Explanation:

Calculation as follows:

Budget Income Statement

<u>Particular</u> $

Revenue (28.4 x 7,000) 198,800

Direct Labor (2.8 x 7,000) (19,600)

Direct Material (10.7 x 7,000) (74,900)

Manufacturing Overheads

(38,000 + [1.5 x 7,000] ) (48,500)

Selling and administrative Expenses

(23,600 + [0.3 x 7,000] ) (25,700)

Net Operating Income 30,100

Actual Income Statement

<u>Particular</u> $

Revenue 205,320

Direct Labor (18,974)

Direct Material (72,252)

Manufacturing Overheads (48,320)

Selling and administrative Expenses (25,768)

Net Operating Income 40,006

Activity variance for net operating income = Net operating income actual - Net operating income budgeted

Activity variance for net operating income = 40,006 - 30,100

Activity variance for net operating income = $9,906 F

8 0

3 years ago

Jim drops his car off at ABC Garage to have his exhaust system repaired and takes the train to work. When he returns, he finds t

TEA [102]

Answer: Direct Excess Coverage

Explanation:

The coverage type under ABC's garagekeepers policy that would split the cost of the loss with Jim's own insurer without placing blame on ABC Garage is the direct excess coverage.

This coverage is identical to the direct primary coverage and it basically protects the vehicle of a client without taking into consideration the person that is responsible. The direct excess coverage will be paid in excess of the primary policy.

6 0

2 years ago

What happens if the amount of Bad Debt Expense is overstated at year end? A : Net income will be overstated. B : Allowance for D

Yuri [45]

Answer:

D. Net Accounts Receivable will be understated

Explanation:

5 0

3 years ago

Coronado Industries had the following accounts and balances:

AysviL [449]

Answer:

15250

Explanation:

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7 0

2 years ago

Read 2 more answers

The number of new domestic wind turbine generators installed each year in a particular country has been forecast to increase at

kirza4 [7]

Answer:

2030

Explanation:

The computation of the total number of new generators including this year is shown below

Given that

(A) = 100

Common Ratio (r) = 1.15

n = 10

Now

Sum of 10 terms Sn is

= A × (r n - 1) ÷ (r - 1)

= 100 × (1.1510 - 1) ÷ (1.15 - 1)

= 100 × 3.0456 ÷ 0.15

= 2030

We simply applied the above formula so that the total number of new generators could come

5 0

3 years ago

What ROI will you need to double your money in 12 years​

What ROI will you need to double your money in 12 years