Answer:
Total FV= $1,220,441.33
Explanation:
<u>First, we need to calculate the value of the $200 for 20 years. To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
A= 200
n= 20*12= 240
Intertest rate= 0.07/12= 0.005833
FV= {200*[(1.005833^240) - 1]} / 0.005833
FV= $104,180.27
<u>Now, the value of the $300 for 30 years. At the same time, the future amount of the first investment. Each one with its separate formula. </u>
$300 monthly investment:
n= 300*12= 360
FV= {300*[(1.005833^360) - 1]} / 0.005833
FV= $365,962.41
$104,180.27 investment:
FV= PV*(1+i)^n
FV= 104,180.27*(1.005833^360)
FV= $854,478,92
<u>Finally, the total FV:</u>
Total FV= 854,478.92 + 365,962.41
Total FV= $1,220,441.33
Answer:
cost of goods sold is $197,800
ending inventory is $55,000
Explanation:
LIFO System is an Inventory Management Method that sells the Recent Inventory Acquired First followed by older Inventory.
<u><em>Cost of Goods Sold</em></u>
March 14 = (1,380×$62) = $85,560
August 31 = (1,130×$80) = $90,400
= (70×$62) = $ 4,340
= (350×$50) = $ 17,500
Total = $197,800
<em><u>Closing Inventory</u></em>
(1,100×$50) = $55,000
Answer:
a. linear regression.
Explanation:
Based on the information provided within the question it can be said that in this scenario the best choice would be a linear regression model. That is because this type of approach deals with seeing to what extent there exists a relationship between two variables. Which in this case would be the quantitative data/prices and the square footage of the home.
Answer:
One of the five characteristics of job enrichment is feedback, which means giving employees direct and clear information about their job performance.
Explanation:
