Answer:
$15960.94 is the amount I will have in my account after 17 years.
Explanation:
Firstly we are given the present value of the investment that we will be saving so it will be $7250. we are further given that this investment will be saved during a period of 17 years at different rates through the 17 years so we are looking for the future value after 17 years therefore we will use the future value investment formula as just only one amount is invested.
The future value formula = 
where Fv is the future value of the investment after 17 years,
Pv is the invested amount initially $7250
i is the interest rate which here it is 4% for the first 5 years, then 4.6% after for 4 years, thereafter 5.3% for the remaining 8 years so we will.
n is the number of years of the investment as per their given interest rates, substitute these values to the above mentioned formula:
Fv= $7250((1+4%)^5) ((1+4.6%)^4)( (1+5.3%)^8) then compute on a calculator
Fv = $15960.938 then we round off to two decimal places
Fv = $15960.94 which will be the amount that will be saved after 17 years .
Answer:
43,000 units
Explanation:
The computation of the produced units is shown below:
= Units sold + Ending Inventory units - Beginning Inventory units
= 42,000 units + 18,500 units - 17,500 units
= 43,000 units
We simply added the ending inventory units and deduct the beginning inventory units to the units sold so that accurate units can come
Answer:
The Archer Daniels Midland Company is an enormous conglomerate that grows and produces many food products. It is sometimes called the "supermarket to the world." The company has given large donations to politicians. If these donations affect policies regarding the environment or agricultural price supports, then these financial gifts are an example of rent seeking.
Explanation:
Rent seeking can be defined as an attempt of increasing profits without the contribution of productivity. In the corporate world, it involves the use of financial donations and bribes to politicians so that the politicians can manipulate the policies in their favor. It usually involves unjust favor to a business that has an interest in government-funded social services and programs. This concept was made popular in 1974 and generally meant the accumulation of wealth through shrewd means.
This concept was idealized by Adam Smith who defined rent as one of the sources of income. He stipulated that there are three major sources of income, namely; rent, wages and profit. He defined profit as the creation of more capital by risking capital. Wages were earned income, usually from employment. Rent is the utilization of resources to earn interest. Entities that have resources can sell, rent or lease to earn interest. Rent is usually the least riskiest way of earning income, thus it gained popularity tom mean receiving more benefits as compared to the associated costs.
In our case, Archer Daniels Midland Company utilizes it's access to capital to offer large donations to politicians with the aim of using the donations to manipulate policies regarding the environment or agricultural price supports in their favor.
Answer:
It is logical to use this method when overhead resources are consumed by various products in substantially different ways throughout multiple departments.
Explanation:
A departmental overhead rate is considered to be a standard charge based on the units of activity produced by a business segment. Overhead rate at the department level are usually applied in a more refined cost allocation environment, where there is a need to apply overhead cost as precisely as possible.
