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Nuetrik [128]
3 years ago
10

Brenda plans to reduce her spending by $50 a month. What would be the future value of this reduced spending over the next 10 yea

rs? (Assume an annual deposit to her savings account and an annual interest rate of 3 percent.) Use Exhibit 1-B. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.)
Business
1 answer:
Tamiku [17]3 years ago
4 0

Answer:

$6987.07

Explanation:

Since the Brenda will be saving $50 every month for the period of 10 years, therefore, the future value of annuity formula will be applicable for the purpose of calculation of future value.

Future value=R[((1+i)^n)-1/i]

Here R= monthly amount to be saved =$50

i=interest rate=3/12=0.25%

n=number of payments=10*12=120

Future value=50[((1+0.25%)^120)-1/0.25%]=$6987.07

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Income Statement Imaging Services was organized on March 1, 2018. A summary of the revenue and expense transactions for March fo
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Answer:

Total Expense:      $ 347,000

Income:    $ 135,000

Explanation:

<u><em>Income Statement Imaging Services </em></u>

<u><em>For the Month Ended March 31, 2018</em></u>

Fees earned                                                                          $482,000

Wages expense                                      $ 300,000

Rent expense                                                $41,500

Supplies expense                                           $3,600

Miscellaneous expense                                   $1,900          

Total Expenses                                                                         $ 347,000

Income                                                                                       $ 135,000 Wages, rent , supplies and miscellaneous expenses are totaled and deducted from the fees earned. Fee earned is the revenue and the expenses are deducted from it. By deducting expenses from revenue we get the income.

7 0
3 years ago
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What are the six characteristics of money? explain how the u.s. dollar has those six characteristics?
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1. durability- objects used as money must withstand physical and tear
2. portability- people need to be able to take money with them as they go about their business
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The _____ takes into consideration both the direct and indirect global warming effects of refrigerants.
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<span>The total equivalent warming impact (TEWI) takes into consideration both the direct and indirect global warming effects of refrigerants. In addition to the direct impact of the refrigerant (which is conveniently estimated by GWP), any system or process, which requires energy input, indirectly affects the environment. This impact is originated from CO2 emissions from the energy production processes. TEWI can be calculated using the equation below: TEWI = direct emissions + indirect emissions = (GWP×L×N)+(Ea×β×n), where L – annual leakage rate in the system, kg (3% of refrigerant charge annually), N – life of the system, years (15 years), n – system running time, years (based on weather data, 4910 hours), Ea – energy consumption, kWh per year (modelled for each refrigerant), β – carbon dioxide emission factor, CO2-eq. emissions per kWh (165 g CO2/kWh).</span>
6 0
3 years ago
An outside supplier has offered to sell 23,000 units of part S-6 each year to Han Products for $22 per part. If Han Products acc
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Answer:

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Direct labour                                      253000  

Variable manufacturing overhead     52900  

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Opportunity cost                               73000  

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Financial advantage is 96000    

Explanation:

6 0
3 years ago
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