1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrew [12]
3 years ago
14

Forever Quilting is a small company that makes quilting kits priced at $120 each. There is no quantity discount. The costs of th

e materials that go into each kit total $45. It costs $5 in labor to assemble a kit. The company has monthly expenses of $1,000 for rent and insurance, $200 for heat and electricity, $500 for advertising, and $4,500 for the monthly salary of its owner. Last month the company sold 150 kits. Forever Quilting's total revenue for the month wasMultiple Choice$4,300.$6,200.$7,500.$10,500.$18,000.
Business
1 answer:
Scorpion4ik [409]3 years ago
5 0

Answer:

$18,000.

Explanation:

The computation of the total revenue is shown below:

= Selling price per quilting kits × number of kits sold

= $120 × 150 kits

= $18,000

Simply we multiply the selling price and the number of kits sold so that the total revenue for the month can come.

All other information which is given is not relevant. Hence, ignored it

You might be interested in
Changes in the national incomes of our trading partners would directly impact our:
laila [671]
The changes would directly impact our Exports.
When the national income of our trading partner increased, the purchasing capabilities that they have would also be increased.
Which means that we could sell a lot more product to that partner (increasing the export)
6 0
3 years ago
How many years will it take for an investment to increase by 3 times at an interest rate of 9% g
Alex_Xolod [135]

Answer:

The Rule of 72 is a quick, useful formula that is popularly used to estimate the number of years required to double the invested money at a given annual rate of return. Alternatively, it can compute the annual rate of compounded return from an investment given how many years it will take to double the investment.

While calculators and spreadsheet programs like Microsoft Excel have functions to accurately calculate the precise time required to double the invested money, the Rule of 72 comes in handy for mental calculations to quickly gauge an approximate value. For this reason, the Rule of 72 is often taught to beginning investors as it is easy to comprehend and calculate. The Security and Exchange Commission also cites the Rule of 72 in grade-level financial literacy resources.

1

KEY TAKEAWAYS

The Rule of 72 is a simplified formula that calculates how long it'll take for an investment to double in value, based on its rate of return.

The Rule of 72 applies to compounded interest rates and is reasonably accurate for interest rates that fall in the range of 6% and 10%.

The Rule of 72 can be applied to anything that increases exponentially, such as GDP or inflation; it can also indicate the long-term effect of annual fees on an investment's growth.

This estimation tool can also be used to estimate the rate of return needed for an investment to double given an investment period.

For different situations, it's often better to use the Rule of 69, Rule of 70, or Rule of 73.

Rule of 72

The Formula for the Rule of 72

The Rule of 72 can be leveraged in two different ways to determine an expected doubling period or required rate of return.

Years To Double: 72 / Expected Rate of Return

To calculate the time period an investment will double, divide the integer 72 by the expected rate of return. The formula relies on a single average rate over the life of the investment. The findings hold true for fractional results, as all decimals represent an additional portion of a year.

Expected Rate of Return: 72 / Years To Double

To calculate the expected rate of interest, divide the integer 72 by the number of years required to double your investment. The number of years does not need to be a whole number; the formula can handle fractions or portions of a year. In addition, the resulting expected rate of return assumes compounding interest at that rate over the entire holding period of an investment.

The Rule of 72 applies to cases of compound interest, not simple interest. Simple interest is determined by multiplying the daily interest rate by the principal amount and by the number of days that elapse between payments. Compound interest is calculated on both the initial principal and the accumulated interest of previous periods of a deposit.

How to Use the Rule of 72

The Rule of 72 could apply to anything that grows at a compounded rate, such as population, macroeconomic numbers, charges, or loans. If the gross domestic product (GDP) grows at 4% annually, the economy will be expected to double in 72 / 4% = 18 years.

With regards to the fee that eats

7 0
2 years ago
_____________ goods are exclusive and sold in a competitive market, meaning the goods are produced with rivalry and are only ava
VLD [36.1K]
I think it might be economic goods
3 0
3 years ago
Trong một thị trường cạnh tranh hoàn hảo, X là hàng hóa đồng nhất được sản xuất và tiêu dùng bởi rất nhiều người trên thị trường
kirill [66]

Answer:fbdjkskskdkddbf. D nnskdkd d s s s d. d and d and d and d and s dan s and s Dñas d snkdfns d dnd s d d and s s

Explanation: d d s s f. S s d sbsnnsdndjdnd d d dnjdjxbx d d djidjdbfbd. Dfbudjdidjdjjdbd d djdjjdbf d d dbjdjdbx f f djidjd d df JJ d d d ddj

8 0
3 years ago
Ann Ellis is a systems analyst at CyberStuff, a large company that sells computer hardware and software via telephone, mail orde
Klio2033 [76]

Answer:

A) The use of both techniques ( i.e. questionnaire and Interview )

B)  The sampling method should include an equal number of workers from each shift, this is to ensure that every shift's opinion is broadly covered.

Explanation:

A) The best approach in resolving this problem is the application of both questionnaires and interviews, this is because the questions  will be covered in both the questionnaire and interview therefore a more detailed/accurate answer can be gotten by combining both processes

B) The sampling method should include an equal number of workers from each shift, this is to ensure that every shift's opinion is broadly covered.

6 0
3 years ago
Other questions:
  • Jasmine is 53-years old and earns $115,000 a year. she saves 12% of her annual gross income for retirement. jasmine will pay off
    8·1 answer
  • Newark Company is preparing its annual financial statements at December 31, current year. The statements are complete except for
    12·1 answer
  • If you need help with anything, I am here... Just let me know what you need help with and I'll give you the best answer I have
    12·1 answer
  • Goodwill is:
    5·1 answer
  • Seattle Inc. identifies an investment opportunity, which will yield cash flows of $30,000 per year in Years 1 through 4, $35,000
    9·1 answer
  • In addition to other factors, knowing how customers arrive at their _______ is critical to developing successful pricing strateg
    9·1 answer
  • People earn what by working to produce goods and services
    6·2 answers
  • The process of estimating market value, investment value, insurable value, or other properly defined value of an identified inte
    6·1 answer
  • [The following information applies to questions 14-16.]
    12·1 answer
  • The type of distribution system that is owned by the manufacturer throughout the channel of distribution to the retail stores is
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!