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kogti [31]
3 years ago
8

If you deposit $4,800 at the end of each of the next 20 years into an account paying 10.8 percent interest, how much money will

you have in the account in 20 years? (do not round intermediate calculations and round your final answer to 2 decimal places,
e.g., 32.16.)
Business
1 answer:
KonstantinChe [14]3 years ago
5 0
Given that $4800 is invested at the rate of 10.8% in 20 years, the future value of the money will be:
A=P(1+r/100)^n
where:
A=future amount
P=principle=$4800
r=rate=10.8%
n=time=20 years;
Thus
A=4800(1+10.8/100)^20
A=$4800(1.108)^20
A=$37,328.15
Thus the amount after 20 years will be $37,328.15
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Answer:

 $16.66

Explanation:

Data provided

Direct material = $55,870

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Wage rate = $11

Machine hour = $556

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The preparation of job sheet is shown below:-

Direct Material                $55,870

Add: Direct Labor           $5,225

( 475 × $11)

Overhead                         $7,228

($556 × $13)

Total                                  $68,323                      

Number of units                4,100

Cost per unit                      $16.66

($68,323 ÷ 4,100)

8 0
3 years ago
An appliance repair shop buys and uses about 4,212 fan motors annually. Holding cost is 27 dollars per motor per year, and order
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Answer:

15,251 units

Explanation:

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EOQ = √ 2 × 4,212 × $177 / $0.00064102564

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4 0
3 years ago
Cost of Goods Manufactured for a Manufacturing Company
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Answer:

Cost of goods manufactured $ 2567,400

Explanation:

<u>Ethtridge Manufacturing Company </u>

<u>Statement of Cost of Goods Manufactured </u>

<u>For the Month Ended July 31 </u>

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Direct labor 966,000

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Cost of Goods Available for manufacture $ 2922,900

Less July 31 Work in process inventory,  355,500

Cost of goods manufactured $ 2567,400

When we add the direct materials. direct labor and FOH we get the total manufacturing costs .

When the total manufacturing costs are added to the opening work in process inventory we get the cost of goods available for manufacture and we get the cost of goods manufactured by subtracting the ending work in process inventory from the cost of goods available for manufacture.

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A customer opens a short margin account by selling short 600 shares of XYZ stock at $80 per share and deposits the required marg
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It will increase by 50%

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