1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
joja [24]
4 years ago
15

Computing future living expenses. a family spends $48,000 a year for living expenses. if prices increase by 2 percent a year for

the next three years, what amount will the family need for their living expenses after three years?
Business
1 answer:
Sonbull [250]4 years ago
7 0
The answer is "$50,928".

<span>family spends yearly for living expenses = $48,000
</span><span>prices increase by 2 percent a year for the next three years
</span>So, future value = (1+0.02)³
=1.061
<span>amount family need for their living expenses after three years = </span>$48,000 x 1.061 = $50,928 
You might be interested in
Marvel Company uses a predetermined overhead rate in applying overhead to production orders on a labor-cost basis in Department
Alona [7]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Marvel Company uses a predetermined overhead rate in applying overhead to production orders on a labor-cost basis in Department A and on a machine-hours basis in Department B.

Dept. A

Factory overhead $ 71,250

Direct labor-hours 8,100

Dept. B

Factory overhead $46,055

Machine-hours 15,100

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base=

Dept A:

Estimated manufacturing overhead rate= 71250/8100= $8.80 per direct labor hour

Dept B:

Estimated manufacturing overhead rate= 46055/15100= $3.05 per direct machine hour

8 0
4 years ago
Describe an advantage and a disadvantage to employers administering personality tests
sertanlavr [38]
The advantage of administering personality tests on employees is that it will allow the employer to know the mindset and personality of the employee. This will allow the employer to at least have an idea as to how the employee works and how his attitude in the workplace. The disadvantage is that it may make the employee a little anxious as to whether he would meet the personality requirements of the employer and whether he would be able to retain the job or not. 
5 0
3 years ago
Read 2 more answers
An investment of $115 generates after-tax cash flows of $50 in Year 1, $90 in Year 2, and $150 in Year 3. The required rate of r
WINSTONCH [101]

Answer:

The  correct answer is B.

Explanation:

Giving the following information:

An investment of $115 generates after-tax cash flows of $50 in Year 1, $90 in Year 2, and $150 in Year 3.

Rate of return= 20%

To calculate the present value, we need the following formula:

NPV= -Io + ∑[Cf/(1+i)^n]

Cf= cash flow

Io= 115

Cf1= 50/ 1.20= $41.67

Cf2= 90/1.2^2= $62.5

Cf3= 150/1.2^3= $86.81

NPV= -115 + (41.67 + 62.5 + 86.81)

NPV= $75.98

6 0
4 years ago
On April 1 of the current year, Morgan Jones established a business to manage rental property. She completed the following trans
Vladimir79 [104]
Ayuda como cambio de idioma a la aplicación sin que me tenga que cambiar de cuenta
7 0
3 years ago
Questions to ask my lecture on external and internal relationships in bussiness
Murljashka [212]

Answer:

Have we inventoried the third party relationships that exist in our organization today?

How are we identifying and tracking new or changing relationships?

Have we assessed and prioritized the risks related to those relationships?

When evaluating new relationships, do our selection criteria address risks to the organization?

Where applicable, do our agreements and contracts include adequate terms and conditions to require third-parties to provide independent assurance to mitigate potential risks, convey trust and confidence, and demonstrate compliance with laws and regulations?

Are responsibilities to manage these risks clearly defined individually for each third-party and as a whole?

Are we monitoring the various risks and contract requirements associated with each existing relationship and at what interval?

Are these relationships dependent on subservice organizations?

How do we gain comfort that information provided by third-parties is valid, accurate, and complete?

Does our risk assessment process identify potential negative events resulting from third party relationships and include procedures in place to respond?

7 0
3 years ago
Other questions:
  • One of the major advantages of the _____ scientific method is that it allows investigation in natural surroundings
    8·2 answers
  • If we are replacing an old vehicle with a newer model, the cost of the old vehicle is:_______.
    8·1 answer
  • An improvement made to a machine increased its fair value and its production ca capacity by 25% without extending the machine's
    8·1 answer
  • Monetary policy most directly impacts :
    5·1 answer
  • Simone Lowes, a successful retail chain from Spain, failed to establish its market in Germany. The main reasons for its failure
    8·1 answer
  • You plan to borrow $35,000 at a 7.5% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year p
    7·1 answer
  • In the consumer purchase decision process for Coppertone products, the problem recognition stage is typically triggered either b
    11·1 answer
  • Accroding to lapena what is the importance of the oral tradition?
    15·1 answer
  • Someone copied a library video and sold the copies to friends. This is an
    13·1 answer
  • The common stock of Serenity Homescapes has a beta of 1.21 and a standard deviation of 17.8 percent. The market rate of return i
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!