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eimsori [14]
3 years ago
8

You have borrowed $28,000 at an interest rate of 12% compounded annually. Equal payments will be made over a four-year period, w

ith each payment made at the end of the corresponding year. What is the amount of the annual payment foe the second year?
Business
1 answer:
Sloan [31]3 years ago
6 0

Answer:

A = 28000 [\frac{0.12 (1.12)^4}{(1.12)^4 -1}]

A = 28000 [\frac{0.12*1.574}{1.574-1}]

A=28000*0.3292 = 9218.564

So then the annual pay would be $ 9218.564 for this case

Explanation:

For this question we can use the Equivalent annual value (A) given by the following expression:

A = PV [\frac{i (1+i)^t}{(1+i)^t -1}]

Where PV = 28000 represent the pesent value

i = 0.12 since the rate is yearly

t = 4 since we have 4 years to pay

So then we have everything to replace and we got:

A = 28000 [\frac{0.12 (1.12)^4}{(1.12)^4 -1}]

A = 28000 [\frac{0.12*1.574}{1.574-1}]

A=28000*0.3292 = 9218.564

So then the annual pay would be $ 9218.564 for this case

And this amount would be paid each year in order to pay all the money after 4 years.

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Consider Derek's budget information: materials to be used totals $65,100; direct labor totals $198,700; factory overhead totals
egoroff_w [7]

Answer:

cost of goods manufactured= $653,500

Explanation:

Giving the following information:

Consider Derek's budget information: materials to be used totals $65,100; direct labor totals $198,700; factory overhead totals $393,700; work in process inventory January 1, $188,500; and work in progress inventory on December 31, $192,500.

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 188,500 + 65,100 + 198,700 + 393,700 - 192,500= $653,500

5 0
3 years ago
The Crunchy Potato Chip Company sells chips in boxes with a net weight of 846 grams per box . Each box contains ten individual 3
Alinara [238K]

Answer:

0.8

Explanation:

Given:

Number of chips contained in each box = 10

Weight of each packet of chips = 3 ounce

Average weight per box = 853 grams

Upper specification limit of the weight = 846 + 12 grams = 858 grams

Lower specification limit of the weight = 846 - 12 grams = 834 grams

Standard deviation, σ = 5 grams

Now,

Capability index = \frac{\textup{Upper limit - Lower limit}}{6\sigma}

or

Capability index = \frac{858 - 834}{6\times5}

or

Capability index = 0.8

7 0
3 years ago
The increase in total revenue that results from selling one more unit of output is A. marginal revenue. B. average revenue. C. m
egoroff_w [7]

Answer:

(i) Option (A) is correct.

(ii) Option (A) is correct.

Explanation:

(i) Marginal revenue refers to the change in total revenue obtained from the sale of an extra unit of a commodity. It is calculated by differentiating total revenue with respect to output. It is shown as:

Marginal\ revenue=\frac{dTR}{dq}

where,

TR = Total revenue

q = output

(ii) In a perfectly competitive market, price is equal to both average revenue and marginal revenue. Since, firms in a competitive market are not required to reduce the price of their product for selling more number of units. Hence, the average revenue remains the same at all the level of output. That's why average revenue in equal to the price under perfect market conditions.

Therefore, every additional unit of an output is sold at a same price, so the marginal revenue obtained from an extra unit is constant and hence, price is equal to the marginal revenue.

4 0
3 years ago
Work in process, November 1st Started in production during November Work in process, November 30th Units 16,900 109,000 24,900 T
NemiM [27]

Answer:

Explanation:

Opening units  16900  

Started               109000  

                              125900  

Transffered             101000  

Closing                         24900  

   

    Production and cost table using Weighted average method

Cost    Opening   current    Total    Complete     WIP       Equivalen     Cost

Head    Cost          Cost        Cost       Units         Units        Units      PerUnit    

Mat.   55,460     477,000    532,460   70,000   22,410   92,410   5.76  

Lab.   21,220      191,880     213,100     70,000   7,470   77,470   2.75  

MOH  16,140      400,160    416,300   70,000   7,470   77,470   5.37  

 Complete  70,000   8.51   595,887  

   

Closing Wip    

   

Material  22,410   5.76   129,125  

Labour  7,470   2.75   20,548  

MOH  7,470   5.3737   40,141  

                            189,814  

4 0
3 years ago
The management of a chain electronic store would like to develop a model for predicting the weekly sales (in thousands of dollar
NNADVOKAT [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
2 years ago
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