<span>$65,472.34
The formula for compound interest is:
A = P(1+r/n)^(nt)
where
A = Future amount
P = Principle
r = annual interest rate
n = number of periods per year
t = number of years
So let's substitute the known values and calculate:
A = P(1+r/n)^(nt)
A = 46000(1+0.04/1)^(1*9)
A = 46000(1+0.04)^9
A = 46000(1.04)^9
A = 46000(1.423311812)
A = 65472.34
So $65,472.34 needs to be paid back after 9 years.</span>
I think its D). Philanthropy means the love of mankind. In this case an allowance means you generously giving money to your child because you care about them and their happiness. a paycheck means you care for your employees, and gifts come from the heart.
Answer:
II and IV is the correct answer.
Explanation:
Answer:
(a) a schedule of cost of goods manufactured
Purchases $ 92,000
Materials inventory, March 1 $ 6,000
Materials inventory, March 31 ($ 8,000)
Material Consumed $ 90,000
Direct labor $ 25,000
Factory overhead $ 37,000
Work in process, March 1 $ 22,000
Work in process, March 31 ($ 23,500)
COGM $ 150,500
(b) an income statement for the month
Sales $ 257,000
COGS
COGM $ 150,500
FG opening $ 21,000
FG closing ($ 30,000)
Total ($ 141,500)
Gross profit $ 115,500
Sales and administrative expenses ($ 79,000)
Net profit $ 36,500
