1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ddd [48]
3 years ago
10

Acceleron is planning future expansion with a new facility in Indianapolis. The company will make the move when its real estate

sinking fund has a total value of $1.2 million. If the fund currently has $400,000 and the company adds $50,000 per year, how many years will it take for the account to reach the desired value? The fund earns interest at a rate of 10% per year.
Business
1 answer:
alukav5142 [94]3 years ago
7 0

Answer:

6.67   years

Explanation:

The number of years for the firm to reach the desired value of $1.2 million can determined using the  nper formula in excel as below:

=nper(rate,pmt,pv,-fv)

rate  is the interest rate earns by the fund at 10% per year

pmt is the addition to the fund in each year which is $50,000

pv is the current amount in the fund which is $400,000

fv is the desired value of $1.2 million

=nper(10%,50000,400000,-1200000)=  6.67  years

It would take  6.67   years for the sinking fund to reach the desired value of $1,200,000

You might be interested in
Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for e
BabaBlast [244]

Answer:

$950

Explanation:

The computation of the total cost assigned is shown below:

= Direct Material cost + Direct labor cost + overhead cost

where,

Direct material cost is $350

Direct labor cost = $12 × 20 direct labor hours = $240

Overhead cost = $18 × 20 direct labor hours = $360

Now put these values to the above formula  

So, the value would equal to

= $350 + $240 + $360

= $950

3 0
3 years ago
A researcher developing scanners to search for hidden weapons at airports has concluded that a new scanner isis significantly be
Masteriza [31]

There is not enough information in this question to answer it. You cannot determine significance with just the alpha value. You need the actual test statistic (p-value) to determine this.

If the p-value is less than the alpha value, you reject the null hypothesis (the there is no difference).

3 1
3 years ago
The oldest recorded effort to organize a fire fighting service dates back to the:
Zepler [3.9K]
Dates back to the Roman Republic.
7 0
3 years ago
Swifty Company took a physical inventory on December 31 and determined that goods costing $203,600 were on hand. Not included in
Bezzdna [24]

Answer:

Inventory= $251,540

Explanation:

Giving the following information:

Swifty Company took a physical inventory on December 31 and determined that goods costing $203,600 were on hand. Not included in the physical count were $25,420 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $22,520 of goods sold to Alvarez Company for $32,230, f.o.b. destination.

Both the purchase and the sale must be accounted for in inventory. The purchase is FOB shipping point, therefore it is responsibility os Swifty. The sale was made FOB destination, as it is in transit, it is the responsibility of Swifty.

Inventory=  203,600 + 25,420 + 22,520= $251,540

3 0
3 years ago
What are two assumptions pertinent to the resource-based view of competitive advantage? Group of answer choices firms are homoge
qwelly [4]

Answer:

The two assumptions are as <em>resources must also be heterogeneous and immobile.</em>

Explanation:

The two critical assumptions of Resource Based View are <em>that resources must also be heterogeneous and immobile.</em>

Heterogeneous. <em>The first assumption is that skills, capabilities and other resources that organizations possess differ from one company to another.</em>

Immobile. <em>The second assumption of RBV is that resources are not mobile and do not move from company to company, at least in short-run.</em>

6 0
3 years ago
Other questions:
  • What is the name of the smallest amount that can legally be paid to most workers for an hour of work?
    13·1 answer
  • Normative economic analysis involves value judgments and opinions. purely descriptive statements. testable hypothes
    14·1 answer
  • The fulfillment process is triggered when _______________ receives a purchase order.
    11·1 answer
  • Select the correct version of each pair of the following sentences. Local markets have become saturated; therefore, companies no
    5·2 answers
  • Which scenario is an example of a true ethics dilemma? a. Sure-Good Soup Company is thinking about using more expensive organic
    10·1 answer
  • Match each type of savings account with its features
    10·2 answers
  • A study was performed to examine personal goals of children in grades 4, 5, and 6. a random sample of students was selected in v
    13·1 answer
  • As a holder of a share of common stock, you are A) entitled to a portion of the firm's revenues. B) entitled to a portion of the
    7·1 answer
  • Blue Spruce Corp. reported net income of $194,740 for 2022. Blue Spruce Corp. also reported depreciation expense of $36,900 and
    11·1 answer
  • What kind of documents does Publisher handle best?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!