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3 years ago

Which type of financial institution typically has membership requirements? A

1 answer:

5 0

The online commercial bank.

(But I am not sure if that is an option, let me know and I can switch the answer to an accurate one.)

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Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 9,29

Ierofanga [76]

Answer:

1. $2,296

2. $19.58

3. Total labor cost = Fixed cost + (variable cost × employee hour)

Explanation:

The computations are shown below:

1. The fixed cost would be

= High labor cost - (High employee hours × Variable rate per hour)

= $10,324 - (410 hours × $19.58)

= $10,324 - $8,028

= $2,296

2. Variable rate per hour = (High labor cost - low labor cost) ÷ (High employee hours - low employee hours)

= ($10,324 - $6,800) ÷ (410 hours - 230 hours)

= $3,524 ÷ 180 hours

= $19.58

3. The cost formula would be

Total labor cost = Fixed cost + (variable cost × employee hour)

= $2,296 + ($19.58 × employee hour)

5 0

3 years ago

The Bensington Glass Company entered into a loan agreement with the firm's bank to finance the firm's working capital. The loa

klio [65]

<h2>Question:</h2>

As the data in incomplete, lets consider the data found on the net for the same question

DATE LIBOR

week 1 1.98%

week 2 1.64%

week 3 1.54%

week 4 1.31%

week 5 1.57%

week 6 1.69%

week 7 1.66%

week 8 1.94%

week 9 1.92%

(This data in not given in the question. If some values differ from this data, just change the that value in the method below and you'll get your answer)

<h2></h2><h2>Answer:</h2>

Floating rate = 0.25%

Maximum rate = 2.24%

Minimum rate = 1.71%

General formula for for finding rate of interest of a week

Week Rate = Previous Week's Rate (LIBOR from table) + Floating Rate

Lets find the values:

Week 2 rate = Week 1 rate + 0.25% = 1.98% + 0.25% = 2.23%

Week 3 rate = Week 2 rate + 0.25% = 1.64% + 0.25% = 1.89%

Week 4 rate = Week 3 rate + 0.25% = 1.54% + 0.25% = 1.79%

Week 5 rate = Week 4 rate + 0.25% = 1.31% + 0.25% = 1.56%

Week 5 rate is lower than the minimum rate, rate of Week 5 can be taken as minimum rate

Week 5 rate = 1.71%

Week 6 rate = Week 5 rate + 0.25% = 1.57% + 0.25% = 1.82%

Week 7 rate = Week 6 rate + 0.25% = 1.69% + 0.25% = 1.94%

Week 8 rate = Week 7 rate + 0.25% = 1.66% + 0.25% = 1.91%

Week 9 rate = Week 8 rate + 0.25% = 1.94% + 0.25% = 2.19%

Week 10 rate = Week 9 rate + 0.25% = 1.92% + 0.25% = 2.17%

8 0

3 years ago

The par value per share of common stock represents the

zavuch27 [327]

Amount of dividends per share to be received each year

3 0

3 years ago

Consider three investment plans at an annual rate of 9.38%.

PolarNik [594]

Answer:

Investor A = $545216 .

Investor B = $352377

Investor C = $897594

Explanation:

Annual rate ( r ) = 9.38%

N = 41 years

<u> Calculate the balance at age of 65</u>

1) For Investor A

balance at the end of 10 years

= $2000 (FIA, 9.38 %, 10) (1 + 0.0938) ≈ $33845

Hence at the end of 65 years ( balance )

= $33845 (FIP, 9.38 %, 31) ≈ $545216 .

2) For investor B

at the age of 65 years ( balance )

= $2000 (FIP, 9.38%, 31) = $322159 x (1 + 0.0938) ≈ $352377

3) For Investor C

at the age of 65 years ( balance )

= $2000 (FIP, 9.38%, 41) = $820620 x (1 + 0.0938) ≈ $897594

7 0

2 years ago

You want to provide spending money for your 4 year old during their college years. You can afford to deposit $600/year for the n

umka2103 [35]

Answer:

The Annual investment that you will to make will be $1,069.01

Explanation:

In order to calculate the uniform annual investment that will you have to make on the child's 8th through 17th birthdays to meet this goal, we have to make the following calculations:

First we need to calculate the Amount you have at the end of child's 8th year = 600*(1+0.05)^4 + 600*(1+0.05)^3 + 600*(1+0.05)^2 + 600*(1+0.05)^1 = $2,715.38

Therefore, Value of this amount at the end of 17th year = $2715.38 * (1+0.05)^9 = $4,212.45

So, Amount required to be saved = $16,000 - $4,212.45 = $11,787.55

Therefore, to calculate the annual investment we would have to use the following formula:

FV of annuity = P*[((1+r)^n - 1)/r]

P - Periodic payment =?

r - rate per period = 0.05

n - number of periods = 17-8 = 9

$11787.55 = P*(((1+0.05)^9 - 1)/0.05)

P = $11,787.55/11.03 = $1,069.01

The Annual investment that you will to make will be $1,069.01

8 0

3 years ago