Sheffield Corp. took a physical inventory on December 31 and determined that goods costing $165,000 were on hand. Not included i
1 answer:
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Answer:
Ans. The value of investment after 2 years is $3,155.51
Explanation:
Hi, first we need toconvert that 9.80 percent, compounded quarterly into an effective quarterly rate, that is just by dividing by 4, since there are 4 quarters in a year, that is:
r(effective quarterly)= 9.8%/4 =2.45%
Now, since the rate is effective quarterly, the periods (time of the invesmet) has to be in quarters, so we multiply 2 years by 4 and we get 8 quarters.
With all the above information, we can go ahead and use the following formula in order to find the future value of this investment.
It should all look like this.
So, the future value of this investment is $3,155.51
Best of luck.
Answer:
$67860
Explanation:
sell price of each toaster= $24.45
variable cost per unit= $16.65
total fixed cost= $25,700
number of unit sold x= 8700
the formula for contribution margin is
= sales price- variable cost
= (s-v)x
putting values we get
=
= $67860
Hence the contribution margin the above case will be $67860