Answer:
1) 3.7 years
2) $2,448.89
Explanation:
1. Amount in bank = $3,400
Return, r = 11% = 0.11
Future value = $5,000
Now,
Future value = Principle × ( 1 + r )ⁿ
here,
n is the time
$5,000 = $3,400 × ( 1 + 0.11 )ⁿ
or
1.4706 = 1.11ⁿ
taking log both sides
log(1.4706) = log(1.11ⁿ)
also,
log(aᵇ) = b × log(a)
Thus,
log(1.4706) = n × log(1.11)
0.1675 = n × 0.0453
or
n = 3.69 ≈ 3.7 years
2) Amount to repay = $3,000
Interest = 7% = 0.07
Time, n = 3 years
Now,
Future value = Principle × ( 1 + r )ⁿ
or
$3,000 = Principle × ( 1 + 0.07 )³
or
$3,000 = Principle × 1.225043
or
Principle = $2,448.89
Hence,
Amount to be set aside = $2,448.89
Work In Process Inventory 66,000
Manufacturing Overhead 9,000
Raw Materials Inventory 75,000
Hope this helps :)
Answer:
Margin of safety= 950 units
Explanation:
<u>First, we need to calculate the break-even point in units:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 42,000 / (54 - 14)
Break-even point in units= 1,050
<u>Now, the margin of safety in units:</u>
<u></u>
Margin of safety= (current sales level - break-even point)
Margin of safety= 2,000 - 1,050
Margin of safety= 950 units
The aim of making a profit consistent with expectations for international businesses is the first and foundational responsibility of organizations in the global economy is to.
<h3>What are international businesses?</h3>
An international businesses means a business that involves in national exchanges of goods, services, or resources.
In conclusion, the aim of making a profit consistent with expectations for international businesses is the first and foundational responsibility of organizations in the global economy is to.
Read more about international businesses
<em>brainly.com/question/4979112</em>
