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Morgarella [4.7K]
4 years ago
10

A small business that makes household products buys new injection molding equipment for a cost of $500,000. This will allow the

manufacturer to make more clothespins in the same amount of time with an estimated increase in sales of 20%. If the manufacturer currently makes 75 tons of clothespins per year, which sell at $18,000 per ton, what will be the increase in revenue next year from the new equipment
Business
1 answer:
olya-2409 [2.1K]4 years ago
8 0

Answer:

$270,000

Explanation:

Estimated increase in sales of 20%

Clothespins per year 75 tons

Sales of Clothespins 18,000 per ton

Hence

0.20 × 75 × 18,000 = $270,000

Therefore what will be the increase in revenue next year from the new equipment will be $270,000

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Allison invested $23,000 in an account paying an interest rate of 6.7% compounded annually. Assuming no deposits or withdrawals
Vadim26 [7]

Answer:

18 years

Explanation:

Given that;

P= $23,000

A= $76,300

r= 6.7%

From

A = P(1 + r/100)^n

76,300 = 23,000 (1 + 0.067)^n

3.3 = (1.067)^n

Taking logarithm of both sides

log 3.3 = log (1.067)^n

log 3.3 = nlog(1.067)

n= log 3.3/log 1.067

n= 0.5185/0.0282

n= 18 years ( to the nearest year)

8 0
3 years ago
_____Web sites have job listings created for individuals who wish to perform work using trade-specific skills such as plumbing,
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<span>Industry </span><span>Web sites have job listings created for individuals who wish to perform work using trade-specific skills such as plumbing, electrical, welding, teaching, agriculture, and so on. </span>
3 0
3 years ago
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Last year Attic charged $2,334,667 Depreciation on the Income Statement of Andrews. If early this year Attic purchased a new dep
olga nikolaevna [1]

Answer:

Note: The correct option is a. Increase Net Cash from operations.

Explanation:

Note: This question is not complete as the options are omitted. The options are therefore provided to complete the question before answering the question as follows:

a. Increase Net Cash from operations

b. Decrease Net Cash from operations on the Cash Flow Statement

c. No impact on Net Cash from operations

d. Just impact the Balance Sheet

The explanation of the answers is now provided as follows:

Since the assets was purchased early in the year, depreciation will be charged on it in the income statement for the year at the end of the year. Since depreciation is a non-cash item, it will added back to the net income in the indirect Cash Flow Statement method as one of the adjustments to the net income under the Cash from operations. This adding back of the depreciation will therefore lead to an Increase Net Cash from operations.

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6 0
2 years ago
Henderson's is an all-equity firm that has 135,000 shares of stock outstanding. Neal, the financial vice-president, is consideri
Volgvan

Answer:

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Explanation:

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= Price per share × Number of outstanding shares

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= $1,485,000

Hence, the value of the firm is $1,485,000

4 0
3 years ago
Select all the descriptions of NAFTA that are true.
leonid [27]
The best and most correct answer among the choices provided by the question are  the following:

<span>a trade bloc between Canada, U.S., and Mexico
a trade organization that equally benefits all nations
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3 years ago
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