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Sophie [7]
3 years ago
12

Help is here, a wrecker company, will soon need to purchase a new wrecker. the company anticipates needing $35,000 in 3 years. t

heir credit union offers an account that pays 3.4% per year compounded monthly for 36 months. find the monthly payment needed to accumulate the desired
Business
1 answer:
kogti [31]3 years ago
5 0

Answer:

Explanation:

The $35,000 that will be needed in 3 years is a future value (FV).

This is an ordinary annuity, and it is asking for the recurring payment (PMT)

Using a financial calculator, input the following;

Future value; FV = 35,000

Total duration ; N = 3*12 = 36 months

Interest rate; I = 3.4%/12 = 0.2833%

One time present cashflow; PV = 0

then compute recurring payment ; CPT PMT =924.86

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Demand for traditional fast-food providers such as McDonald's, Burger King, and Wendy's has been on a decline in recent years. C
MrRissso [65]

Answer: Cutthroat competition

Explanation:

The cutthroat competition is basically refers to the competitive action that is used for illustrating the various types of laws and regulations for the purpose of consumer protection and the law for the purpose of enforcement the given competitive action.

  According to the given scenario, the demand of the fast food are decline now a days as the customers are focuses on healthy diet and the demand are basically shifted towards towards to other alternatives.

Therefore, The given competitive action is basically indicating the cutthroat competition for the purpose of eliminating various types of things by using the destructive action.

 Therefore, Cutthroat competition is the correct answer.

6 0
3 years ago
Expando, Inc., is considering the possibility of building an additional factory that would produce a new addition to their produ
Yuliya22 [10]

Answer:

D

Explanation:

4 0
3 years ago
Read 2 more answers
Q 6.29: Accurate Auditing is conducting an inventory count for Blake Industries. Blake intermingles empty boxes with full boxes
Rasek [7]

Answer:

The asset would have been overestimated

Explanation:

An inventory account deals with assigning values to all the items or goods that are involved in the production process ranging from raw goods, processed goods to market-ready goods.

<em>An inventory represents an asset to a company. Hence, the presence of empty boxes in the storeroom if otherwise taken as full boxes will lead to an overestimation of the asset unless they are discovered.</em>

3 0
3 years ago
Henry Carr and Noreen Mason formed a partnership, dividing income as follows: annual salary allowance to Carr of $42,000; intere
Evgesh-ka [11]

Answer:

$239,060

Explanation:

The computation of the net income distributed to Carr as follows;

<u> Particulars     Carr      Mason      net income distributed   Non-allocated </u>

Net income                                                                              $442,000

Salary

allowance     $42,000                  $42,000                            $400,000

Interest

on capital     $4,410   $10,290      $14,700                            $385,300

left amount  $192,650 $192,650  $385,300                        $0

Net income  $239,060

8 0
3 years ago
EB12.
mote1985 [20]

Answer:

The cost assigned to Job 7 at the end of the week is 5,700 dollars.

Explanation:

In job order costing the cost that is to be assign to a specific order is sum of actual direct material cost and actual labour cost require to perform that job. Factory overheads are also added to the job cost on the basis of allocation method (on basis of budgeted applied OH rate).

So Following costs will be assign to Job 7.

RAW materail = $ 700

Labor Cost     = $ 3000

Overhead      = $ 2000 (10* 20)

Total Cost    = $ 5700

4 0
3 years ago
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