Answer:
a)647,000
b)658,000 yes as increase net income
c) 2,480,000
Explanation:
a) current net income : 842,000
less 13,000 x 12 increce in variable manufacturing (156,000)
less increase in fixed MO <u> (39,000) </u>
647,000
b)
Sales 3,200,000 (16,000 x 200)
Variable <u> (1,408,000)</u> 988,000x16,000/13,000 + 156,000
Contribution 1,792,000
Fixed MO (819,000)
Fixed S&A<u> (315,000) </u>
Net Income 658,000
c)
1,792,000 / 3,200,000 = 0.56
Answer:
Monthly payments = $1,234.54
Explanation:
given data
Future value = $1,000,000
time = 25 year = 25 × 12 = 300 months
rate = 7 % annual = = 0.5833% monthly
to find out
Monthly payments
solution
we will apply here future value formula that is express as
Future value = Monthly payments × ..........1
put here value we get
Future value = Monthly payments ×
1,000,000 = Monthly payments ×
solve it we get
Monthly payments = $1,234.54