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jek_recluse [69]
3 years ago
15

Sara shouppe has invested $100,000 in an account at her local bank. the bank will pay her a constant amount each year for 6 year

s, starting one year from today, and the account's balance will be 0 at the end of the sixth year. if the bank has promised ms. shouppe a 10% return, how much will they have to pay him each year?
Business
1 answer:
katovenus [111]3 years ago
5 0
We can compute this using the Annual depreciation charge
Use the formula:
depreciationcharge= (Co-Cn)i/[(1+i)^n-1)]
where
Co= initial amount= $100,000
Cn- value after n years= $0
n= life of account= 6
i= interest rate=10%
Sunstituting all the values, we will get,
depreciation charge = $12960.74

The bank will have to pay Sara shouppe  $12960.74 for the investment of $100000 with 10% interest.


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March 1, 20    Sales Revenue A/c           $45,000

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3 years ago
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Direct labor time (efficiency) variance= $6,150 favorable

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Giving the following information:

Lion Company's direct labor costs for the month of January were as follows:

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Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

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<em></em>

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ERP is a procedure utilized by organizations to oversee and coordinate the significant pieces of their organizations. Numerous ERP programming applications are imperative to organizations since they assist them with actualizing asset arranging by incorporating the entirety of the procedures expected to run their organizations with a solitary framework.

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