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Veronika [31]
3 years ago
8

How much will you need to invest each month over the next 30 years in order to meet your savings goal of $750,000, assuming you

average a 7% real rate of return each year?
Business
1 answer:
AnnZ [28]3 years ago
6 0

Answer:

Explanation:

Rate = 7% / 12 = 0.5833% (monthly)

Savings goal, FV = $750,000

Number of periods = 30 * 12 = 360

Future value = Monthly payments * [(1 + r)^n - 1] / r

750,000 = Monthly payments * [(1 + 0.005833)^360 - 1] / 0.005833

750,000 = Monthly payments * 1,219.874713

Monthly payments = $614.82

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Easywriter manufactures an erasable ballpoint pen, which sells for $1.75 per unit. management recently finished analyzing the re
maxonik [38]

a. 50 cents

Contribution margin per unit is price per unit- variable cost per unit

1.75 - ($50,000/40,000 units)

1.75 - 1.25 = $ .50

b. $8750

Margin of safety is the expected sales - break even sales

(45,000 units * $1.75 per unit) - (40,000 *1.75)

78,750 - 70,000 = $8750

6 0
3 years ago
17. Use the table below to draw a component bar chart and multiple bar chart. Maize (tons) Millet (tons) Rice (tons) 60 20 20 70
Nat2105 [25]

See attachment for the component bar chart and the multiple bar chart

<h3>How to draw the bar charts?</h3>

The table of values is given as:

Maize (tons) Millet (tons) Rice (tons)   Year

60                   20                       20       2012

70                    30                       10       2013

20                     45                      70      2014

40                      80                     50     2015

35                      40                      60    2016

<u>The component bar chart</u>

Here the bars of each year are stacked upon one other for each year

i.e. the bar chart will look as follows

Maize

Millet

Rice

Year

Next, we enter the values on the table of values in a graphing tool

See attachment for the component bar chart

<u>The multiple bar chart</u>

Here the bars of each year are stacked upon one other for each year

i.e. the bar chart will look as follows

Maize Millet Rice

      Year

Next, we enter the values on the table of values in a graphing tool

See attachment for the multiple bar chart

Read more about bar chart at

brainly.com/question/16193777

#SPJ1

7 0
2 years ago
you need to work on several key projects over the weekend on your Windows desktop system at home. However, one of the applicatio
Shtirlitz [24]

Answer:

you decide to create a windows to go drive so that you can take your computing environment home from work

Explanation:

Window to go drive enables you to create operating system and application software features from one computer to another. The features are copied from the parent computer and stored on the bootable USB flash drive, then installed on the second computer system. This enables you to create computing environment on the system at home.

5 0
3 years ago
Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring ser
stealth61 [152]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Toot! TiX Total

Users 17,900 24,100 42,000

Administrative costs $ 1,848,000

<u>We need to allocate administrative costs to each product. First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,848,000/42,000

Predetermined manufacturing overhead rate=  $44 per user

<u>Now, we allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Toot!= 44*17,900= 787,600

TiX= 44*24,100= 1,060,400

<u>Finally, the gross profit for each service:</u>

Toot!:

Revenue= 2,200,000

Engineering cost= (1,096,250)

Administrative cost= (787,600)

Profit= $316,150

TiX:

Revenues= 2,400,000

Engineering cost= (1,213,750)

Administrative cost= (1,060,400)

Profit= $125,850

5 0
3 years ago
A data warehouse is one or more very large databases containing both detailed and summarized data for a number of years and from
navik [9.2K]

Answer:

True

Explanation:

Data warehouse involves combining different data/ information which is heterogeneous from various sources in order to have a comprehensive/large data base, it usually involves analytical reporting as well as decision making. For instance customer information from the point of sales system of the firm can be found in the database.

It should be noted that data warehouse is one or more very large databases containing both detailed and summarized data for a number of years and from numerous sources used for analysis rather than transaction processing.

8 0
3 years ago
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