After n years, the deposit made at birth will have a value equal to;
FV1 = C(1+r)^n = 1000(1+0.018)^n = 1000(1.018)^n
After n years, the yearly deposits made at every birthday will have a value equal to;
FV2 = P{(1+r)^n-1}/r = 750{(1+0.018)^n-1}/0.018 = 41666.67 {(1.018)^n-1} = 41666.67 (1.018)^n -41666.67
Total FV = FV1+FV2 = 1000(1.018)^n+41666.67(1.018)^n-41666.67 = 42666.67 (1.018)^n - 41666.67
<span>Premiums are one consumer promotional tool where goods are offered at either a free or low cost to entice consumers to buy the product because of its. This allows companies to move products that they may have difficulty selling without the price reduction or that have low demand among consumers.</span>
Answer and Explanation:
The computation is shown below:
Single overhead rate is
= total cost ÷ total labor hours
= ($48000 + $72000 ) ÷ (2600+2400)
= 24 per labour hour
Now
Dining chairs
= 2600 × 24
= $62400
And,
tables
= 2400 × 24
= $57600
total = $120000
Answer:
$1,497.77
Explanation:
From the above information, the following can be deduced;
42 units at $109 per unit
74 units at $82 per unit
170 units at $70
Total units = 42 + 74 + 170 = 286 units
Units left at year end = 19 units
The next step is to compute the total cost in arriving at the ending inventory, using average cost method.
Total cost = [(42 × $109) + (74 × $82) + (170 × $70)]
= $4,578 + $6,068 + $11,900
= $22,546
Per unit cost
= $22,546 ÷ 286 unit
= $78.83 per unit
Therefore, ending inventory
= Per unit cost × Units held at the end of the year
= $78.83 × 19 units
= $1,497.77
Answer:
1. to gain a comparative advantage
2. to increase efficiency
Explanation:
Specialization involves concentrating on producing a few items that once can produce better than others.
Specializing in producing a few preferred goods and services makes a person, company, or country more efficient in resource usage. They consume fewer inputs, such as labor, while making the goods and services. The use of fewer inputs is increasing efficiently, which makes their products cost less compared to competitors.
Specialization makes a company or individual an expert in what they do. Experts make quality products. High quality at competitive prices gains a country or company comparative advantage over the others.
