Answer:
$496,852.4
Explanation:
We can find the total estimate mary can get in 30 years by finding the annuity factor first and then apply the future annuity formula
Lets denote
first investment as P
r as a annual return
g as a growth
and n as a number of years
DATA
Salary = $55,000
P = $55,000 * 5% = $2,750
g = growth rate = 3%
r = annual return = 5%
n = 30 years
Solution
Future Value of annuity = [P / (r-g)] x [(1+r)^n - (1+g)^n]
Future Value of annuity == [$2,750 / (9%-3%)] * [(1+9%)^30 - (1+3%)^30]
Future Value of annuity == $45,833.333333 * [13.2676785 - 2.42726247]
Future Value of annuity == $45,833.333333 * 10.840416
Future Value of annuity == $496,852.4
Answer:
Outdoor enthusiasts love to spend time in nature. One of the ways they do so is by traveling, hiking, cycling, etc. Many times they need to carry equipment that's heavy and are exposed to all manner of weather elements such as fog, rain, heat, etc.
So if the bag cannot contain many items, it's usually a put-off for them. Also, any outdoor person would want their personal items to remain dry regardless of the weather.
This is the reason why for them, both Capacity and Waterproof scores as high as 83% amongst the other factors that influence their demand for a backpack.
Cheers
<span>This is very true. Business-to-Business markets heavily rely on internet marketing and using internet vendors to procure goods and services. This allows for faster transaction times and more ease in getting what is needed to keep a business competitive in today's climate.</span>
Answer:
Manufacturing cost: $
Direct material ($6.50 x 3,200) 20,800
Direct labour ($2.40 x 3,200) 7,680
Manufacturing overhead ($1.10 x 3,200) 3,520
Supervisory salaries 13,600
Depreciation 5,500
Other fixed costs <u>2,200</u>
Total manufacturing cost <u> 53,300</u>
Explanation:
Total manufacturing cost is the aggregate of direct material, direct labour,variable manufacturing overhead and fixed costs. Fixed costs include supervisory salaries, depreciation and other fixed costs. Direct material cost per unit, direct labour cost per unit and manufacturing overhead cost per unit should be multiplied by the budgeted units per month.