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Jlenok [28]
3 years ago
13

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

Business
1 answer:
liberstina [14]3 years ago
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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All of Gaylord Company's sales are on account. Thirty-five percent of the credit sales are collected in the month of sale, 45% i
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Answer: d. $51,000

Explanation:

In March the following will be collected as per the method of collection for Gaylord Company.

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2. 45% of sales in February

3. 100% - 35% - 45% = 20% of sales in January.

= (35% * 40,000) + (45% * 60,000) + (20% * 50,000)

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3 years ago
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6 0
2 years ago
A company has two departments, Y and Z that incur delivery expenses. An analysis of the total delivery expense of $14,000 indica
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Answer:

Department Y $9000

Department Z $5000

Explanation:

Delivery expense can be calculated using the allocation and apportionment method for Y and Z.

<u>Step 1. Allocation</u>

The costs that are directly attributable to the departments would be allocated to its relevant department. Here, $1500 are the direct expenses for the deliveries for the department Y, so at the first step,

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For the department Z, their are no direct expenses for the deliveries,so at the first step,

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So

Department Y = $1500 + $12500 x 60% = $9000

Department Z = $12500 x 40% = $5000

3 0
3 years ago
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