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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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Material 1 costs $7 a pound, material 2 costs $5 a pound, and labor costs $15 per hour. Product A sells for $101 a unit, product

Umnica [9.8K]

Answer:

Some answers are attached below

Explanation:

We need to maximize profit -

Selling prices for A,B,C are given; Costs of materials 1,2 and labor are given.

Also given is that 1 unit of each product A,B,C requires certain units of material 1, material 2 and labor based on the table provided.

Profit for 1 unit of A = Selling Price - Cost = 101 - [(7*3)+(5*2)+(15*4)] = 10 $

Profit for 1 unit of B = Selling Price - Cost = 67 - [(7*1)+(5*4)+(15*2)] = 10 $

Profit for 1 unit of C = Selling Price - Cost = 97.5 - [(7*5)+(5*0)+(15*3.5)] = 10 $

LP Formulation

Maximize profit Z = 10A+10B+10C

subject to Constraints

3A+B+5C<=300 ----> Material 1 constraint

2A+4B<=400 ---->Material 2 constraint

4A+2B+3.5C <=200 ----->Labor

C>=10 -----> Product C Demand constraint

A,B,C>=0

Below is the solver solution and formulation table from Excel -

Maximum profit = 925 $

8 0

3 years ago

Nature's Garden, a new restaurant situated on a busy highway in Pomona, California, specializes in a chef's salad selling for $7

mestny [16]

Answer:

Nature's Garden

a. Determination of the current average cost per meal:

Variable cost per meal = $3,800 ($4 x 950) based on full capacity

Fixed costs per day = $1,710

Total costs = $5,510

Average cost per meal = $5,510/950 = $5.80

b. Girl Scouts' offer of $150 for 30 girls:

Offered price per person = $5 ($150/30)

Projecting a loss of $0.60 per meal, this gives a total loss of $18 ($0.60 x 30)

Projected revenue from the offer = $150 + $18 = $168

Projected revenue per meal = $168/30 = $5.60

Actual revenue to be received per meal = $5.00

Loss of $0.60

The owner arrived at the $0.60 loss because his total costs per meal was $5.60.

c. Since the variable cost per meal is $4, the restaurant owner could accept the offer if the additional 300 meals will not increase his daily fixed costs due to lack of capacity. If the fixed costs increase with this addition, then it may not be reasonable to accept the offer. Based on this offer, the contribution to defraying fixed costs, given present capacity, is only $0.50 ($4.50 - $4) per meal.

Explanation:

Selling price of chef's salad = $7

Daily fixed costs = $1,710

Variable costs per meal = $4

Meals capacity per day = 950

Average meals = 900

Nature's Garden has a fixed cost of $1,710 based on current capacity of 950 meals per day. The fixed cost may increase with increasing capacity. This fact must be borne in mind when making decisions.

4 0

4 years ago

Marketing research indicates that almost 70 percent of all women drivers who have driven a Volkswagen Cabrio prefer it to any ot

hoa [83]

Answer:

Demographic

Explanation:

A market segment is a portion of a large market in which the individuals, groups or organizations share one or more characteristics that cause them to have relatively similar products needs.

A market segment consist of a group of customers that share a similar set of needs and wants.

Are four categories of segmentation:

-Geographic

-Psychographic

-Behavioral

-Demographic. The process of dividing a market through variables such as age, gender, education level, family size, occupation, income, and more. This is one of the most used strategies amongst marketers.

7 0

3 years ago

Malaysia and Laos are members of the same trading bloc that promotes trade and economic integration among member nations in the

Mademuasel [1]

Answer:

The Association of Southeast Asian Nations (ASEAN)

Explanation:

The Association of Southeast Asian Nations (ASEAN) is a regional intergovernmental organization comprising of Singapore, Brunei, Malaysia, Thailand, Philippines, Indonesia, Vietnam, Laos, Cambodia, and Myanmar. It promotes intergovernmental cooperation and facilitates economic, political, security, military, educational, and sociocultural integration among its members and other countries in Asia.

3 0

3 years ago

On January 1, 2020, Morgan Enterprises issued 8%, 20-year bonds with a face amount of $5,000,000 at 101. Interest is payable ann

adell [148]

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $ 5,050,000

To Bonds payable A/c $5,000,000

To Premium on Bonds payable A/c $50,000

(Being bond is issued)

2. Interest Expense A/c Dr $3,97,500

Premium on bonds payable A/c $2,500 ($50,000 ÷ 20)

To Interest payable A/c $400,000 ($5,000,000 × 8%)

(Being the interest expense is recorded)

7 0

3 years ago