Both Ciara and Elon earned the same number of points toward their GPA.
AP classes are on a 5.0 scale, so a b in an AP class is the same as an A in a regular class
Answer:
<em>Interest earned </em> = $420
Explanation:
T<em>he total worth of the investment after the the investment period compounded at certain rate is called the Future Value.</em>
Future Value= Principal + compounded interest i.e
FV = P × (1+r)^n
r- rate, FV- future value , n- period
FV = ? , P -1,500, r- 4%, n-7 years
FV = 1,500 ×1.04^(7)
FV = 1973.897669
<em>Interest earned (compound intrest) = FV - Principal amount</em>
= 1973.897669 - 1,500
= $473.89
Without interest earning interest.
The amount of interest earned will be computed on the principal only
Interest earned = $1,500× 4%× 7
= $420
Answer:
Cash balance is $85,000
Explanation:
In determining the cash balance of the period, we must know how much is the inflow and outflow of the cash for the period and add it or deduct to the beginning balance. It is simply, beginning balance plus inflows less outflows. February is the first month of the operation of Schwenn Enterprises, that only means the possible beginning balance of the cash is the cash investment. So to further discuss it clearly, let’s do the computation.
Beginning balance on February $100,000
Add: inflow
Cash sales $20,000
Less: outflow
payment on expenses $35,000
CASH BALANCE AT FEBRUARY 28 $85,000
Answer:
Direct materials and direct labor.
Explanation:
A variable cost is the one that vary depending on the level of production or sales. The cost increase or decrease according to the level of volume change.
The variable costing charges only direct costs (material, labour and variable overhead costs) into the cost of a product. It is lower than the cost calculated under absorption costing, that also include fixed manufacturing overhead.
Fixed manufacturing overhead is considered as a periodic cost and charged from the periodic gross profits.
The correct answer is 80 cable packages.
The following equation will solve this problem, where x equals the number of cable packages.
14,000 + 100x = 20,000 + 25x
First, subtract 25x from both sides:
14,000 + 75x = 20,000
Next, subtract 14,000 from both sides;
75x = 6,000
Finally, divide both sides by 75.
X = 80
Therefore, the answer is 80 cable packages.
