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schepotkina [342]
3 years ago
7

What is the amount of the payments that Ned Winslow must make at the end of each of 8 years to accumulate a fund of $90,000 by t

he end of the 8th year, if the fund earns 8% interest, compounded annually
Business
2 answers:
HACTEHA [7]3 years ago
6 0

Answer:

The amount is $8,461.33

Explanation:

Using the formula future value for an annuity:

FV = Annuity * Interest factor

From the scenario under study, we are basically looking for our annuity - a specific payments made at constant intervals.

It is thus believed that the annuity will be sustained to build up a fund of $90,000. This thus represents our Future Value of an annuity.

Using the formula so enlisted:

Remember, our interest is 8% compounded annually. It is important to obtain our interest factor using the annuity table.

From the annuity table, our interest factor is 10.63663

Hence, FV = n * interest factor

90,000 = n * 10.63663

N = 90,000/10.63663

N = $8,461.326 (where N represents the annuity)

nekit [7.7K]3 years ago
3 0

Answer:

Amount to be paid annually by Ned Winslow = $8461.35

Explanation:

Fv = <u>A ( 1 + r)∧n  - 1 </u>

              r

90,000   =   <u>A  ( 1 + 0.08)∧8  - 1</u>

                         0.08

90,000 =   <u>A ( 1.8509 - 1)</u>

                       0.08

90,000  =   10.6366A

A =     90,000/10.6366

=   $8,461.35

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Answer:

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Explanation:

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Variable overhead = Direct labor budget × Variable overhead rate

= 8,100 × $1.40

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Total cash disbursements = Total variable manufacturing overhead + Fixed cash overhead

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Therefore for computing the Total cash disbursements we simply applied the above formula.

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Answer:

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Explanation:

A. increases as the price rises

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C. at $6 a DVD is less than the quantity demanded at $8.00 a DVD

D. increases as the price falls

E .at $6.00 a DVD is 4 DVDs a month

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As price decreases, quantity demanded increases

8 0
2 years ago
Identify the three ranges of Aggregate Supply curve. Explain the impact of an increase in the AD curve in each segment.
mestny [16]

It should be noted that the three range of the aggregate supply curve will be the Keynesian, intermediate, and the Classical range.

The aggregate supply curve simply means the quantity of real gross domestic product that is supplied by an economy at different price levels.

The three ranges of the aggregate supply curve are the Keynesian, intermediate, and Classical ranges. In the Classical range, the economy is producing at full employment.

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8 0
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The bank pay for the use of money in the form of
Snowcat [4.5K]

Answer:

see below

Explanation:

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6 0
2 years ago
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andrew11 [14]

Answer: (A) Controlling

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The controlling is one of the main function in the management as it ensure all the activities performed accurately and also helps in planning all the activities in an organization. It basically helps in meet the desirable goals of the company by setting a standard performance.

 Therefore, Option (A) is correct answer.

 

8 0
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