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4 years ago

Suppose you invest $2500 each year in a savings account that earns 12% per year. How much will be in the account in 10 years?

Business

1 answer:

iVinArrow [24]4 years ago

4 0

Answer:

Final Value= $43,871.84

Explanation:

Giving the following information:

Suppose you invest $2500 each year in a savings account that earns 12% per year.

Number of years= 10

To calculate the final value we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit= 2,500

i= 0.12

n=10

FV= {2,500*[(1.12^10)-1]}/0.12= $43,871.84

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Demur Inc., a manufacturing company, has provided the following data for the month of April. The balance in the Work-in-Process

Mrac [35]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

The balance in the Work-in-Process Inventory account was $10,000 at the beginning of the month and $22,000 at the end of the month. During the month, the company incurred direct materials cost of $63,000 and the direct labor cost of $39,000. The actual manufacturing overhead cost incurred was $40,000. The manufacturing overhead cost applied to Work-in-Process was $43,000.

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 10,000 + 63,000 + 39,000 + 40,000 - 22,000= $130,000

6 0

3 years ago

Read 2 more answers

Galaxy Manufacturing Inc. Sofia works for a Galaxy Manufacturing Inc., where her team shares a machine and materials with anothe

marin [14]

Answer: Sequential Interdependence

Explanation: Sequential Interdependence may be explained as a manufacturing sequence, organization or coordination whereby a work or production process or routine between subunits or subdivisions is largely reliant on the output or completion of the preceeding unit.

Here, the preceeding step lays the foundation and determines what is done what in the nest process as they have to rely on the information, output, specification and recommendation of the preceeeding process. Hence, the next subdivision's process depends on the resources associated with the current subdivision. Therefore, each subdivision has to complete its process before the start of the next phase.

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4 years ago

Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil f

Ainat [17]

Answer:

1. Margin = 8%

2. Turnover = $7,500,000

3. Return on Investment = 12%

Explanation:

Sales for the year = $7,500,000

Net Operating Income = $600,000

Average Operating Assets = $5,000,000

1. Therefore, Margin = ( Net operating Income/Total Sales ) $\times$ 100 = 8%

2. Turnover = Sales for the period = $7,500,000

3. Return on Investment = Net Income/Average Operating assets

= $600,000/$5,000,000 = 12%

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3 years ago

Suppose that in Problem 13 a Type 2 service objective of 95 percent is substituted for the stock-out cost of$ 12.80. Find the re

evablogger [386]

Answer:

(Q, R) = (1555, 1400)

shortage imputed = $0.388

Explanation:

Lot size-reorder point system is one of the multi period models. This system is denoted by decision variables (Q, R). This multi period model is implemented when there is uncertain demand in inventory control.

nevertheless, in the simple EOQ model, demand is known and fixed. But when the demand is random, these lot size-reorder point (Q, R) systems allow random demand.

There are two decision variables in a (Q, R) system:

Order quantity, Q and

Reorder point, R

Additional steps are attached as files

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Two ways in which entrepreneurship can help to combat unemployment and improve the economy of south africa

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3 years ago