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polet [3.4K]
4 years ago
8

Chris plans on saving $4,000 a year at 4 percent interest for five years. Which one of these is the correct formula for computin

g the future value at Year 5 of these savings
Business
1 answer:
Debora [2.8K]4 years ago
5 0

Answer:

FV= $21,665.29

Explanation:

Giving the following information:

Chris plans on saving $4,000 a year at 4 percent interest for five years.

To calculate the future value, you need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {4,000*[(1.04^5) - 1]} / 0.04

FV= $21,665.29

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The meaning of saving and investment Classify each of the following based on the macroeconomic definitions of saving and investm
kondor19780726 [428]

Answer:

All the options given are examples of investment.

Explanation:

Savings are what an individual has left after their spending has been deducted from their disposable income. Savings can increase income by investing the money saved. Investment is an item or asset gotten with aim of generating income. An investment simply means buying goods that are not for immediate consumption but generation of income.

All the options provided are investment examples. A certificate of deposit is given by the bank to an individual after a certain amount of money has been deposited and it generates interest. Also building a cabin , a laboratory and buying stock are investments.

3 0
3 years ago
A process produces two types of products A and B. Product A is done in batches of 1000 units. It involves a setup time of 2 hour
aleksley [76]

Answer:

Explanation:

1. Only product A is produced

40 hours= 40*60*60 = 144,000 seconds

Run time 75 seconds

Setup time 2 hours

Batches= 1000 units

Run time to produce one batch of A = 1000*75sec = 75,000 seconds

Setup time = 2 hours = 7200 seconds

Remaining seconds = 144,000 - (75,000+7200) = 61,800 seconds

Product A manufactured in 61,800 sec = 61,800/75 = 824

Total Product A manufactured are = 1824 units

2. Only product B is produced

40 hours= 40*60*60 = 144,000 seconds

Run time 45 seconds  

Setup time= 1 hour

Batches= 500 units

To produce one batch of A = 500*45sec = 22,500 seconds

Setup time = 6 hours = 6*7200 seconds= 43,200sec

Remaining seconds = 144,000-(22,500+43,200) = 78,300 seconds

Product A manufactured in 78300 sec = 1740

Total Product A manufactured are = 500+1740= 2240 units

3. A and B are produced in a mix of 25% A and 75% B?

Considering loss of 3 hours setup time, 37 hours is left to produce

A is manufactured for = 25% of 37 hours = 9.25 hours = 33300 hours

B is manufactured for = 75% of 37 hours = 27.75 hours = 99900 hours

Production of A = 33300/75 sec= 444 units

Production of B = 99900/45 sec= 2220 units

6 0
3 years ago
Read 2 more answers
Labor costs that are clearly associated with specific units or batches of product because the labor is used to convert raw mater
ch4aika [34]

The costs that are clearly associated with specific units or batches of product is called: Direct labor.

<h3>What is direct labor?</h3>

Direct labor are wages and salaries paid to workers whose work can be traced directly to specific products or services. They are wages incurred in order to produce goods or provide services to customers.

Example of direct labor include:

  • Assemblers
  • Welders
  • Painters

Hence, labor costs that are clearly associated with specific units or batches of product because the labor is used to convert raw materials into finished products are called direct labor.

Learn more about direct labor here: brainly.com/question/26371102

4 0
3 years ago
A. how much would the firm’s revenue change if it lowered price from $12 to $10? is demand elastic or inelastic in this range?
Alekssandra [29.7K]
Its InElastic Because It Lowered Hope It Helped :)
8 0
3 years ago
Which of the following are the two main types of contracts?
Lana71 [14]

Answer:

simple contract and specialty contract

6 0
2 years ago
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