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algol13
3 years ago
7

If you put $400 in a savings account that pays 4% for six years what is the amount of money you will

Business
1 answer:
jenyasd209 [6]3 years ago
4 0
506 dollars or if you need a decimal it would be 506.12
You might be interested in
Alliance Company's budgets production of 39,000 units in January and 43,000 units in the February. Each finished unit requires 4
Ket [755]

Answer:

The correct answer is 160,800 pounds.

Explanation:

According to the scenario, the computation of the given data are as follows:

Budget production in Jan = 39,000 units

Raw material per unit = 4 pounds

So, total raw material needed = 39,000 × 4 pounds = 156,000 pounds

Beginning inventory = 46,800 pounds

Ending inventory = (43,000 × 4 pounds ) × 30% = 51,600 pounds

So, Budgeted material needed = Total raw material + Ending inventory - Beginning inventory

= 156,000 + 51,600 - 46,800

= 160,800 pounds

8 0
4 years ago
Chemtec is undertaking a project that will require an upfront investment today in net working capital, and plant and equipment (
almond37 [142]

Answer:

-$300 million

Explanation:

Change in net working capital (CNWC) = $100 million

Capital Expenditures (CE) = $200 million

Assuming no depreciation expenses, the free cash flow (FCF) is given by:

FCF = EBIT*(1-tax) - CNEC - CE

Since no revenues are expected until the next year, EBIT = 0.

FCF = - \$100 -\$200\\FCF = - \$300\ million

The project's free cash flow today is -$300 million.

3 0
3 years ago
How do public goods limit a free market economy?
marin [14]

Answer:

They allow government to make some economic decisions.

Explanation:

Please mark brainliest and have a great day!

4 0
3 years ago
Zytel Corporation produces cleaning compounds and solutions for industrial and household use. While most of its products are pro
SCORPION-xisa [38]

Answer:

4,513 approx.

Explanation:

The computation of the minimum number of jars of silver polish is shown below:-

Sales revenue for one jar of silver polish    $5.60

Sales revenue for 1/4 pound of Grit 337     0.85

($3.40 ×  1 ÷ 4)

Incremental revenue from

further processing                                        $4.75

($5.60 - 0.85)

Incremental costs of further processing:

Processing costs                      $2.40

Selling costs                              $0.40          $2.80

Incremental contribution

margin from further

processing into silver polish

per jar                                                            $1.95

($4.75 - $2.80)

Point of indifference denotes the point where all options are equally profitable. But after that we will see that more processing is profitable. This is due to the fixed costs involved in further production.

Thus Minimum number of jars needed to produce to justify the further processing = Avoidable Fixed cost ÷ Incremental contribution

= $8,800 ÷ $1.95

= 4,513 approx.

8 0
3 years ago
Your great grandfather left you a trust will pay you an annual payment of $200 today but the annuity will grow at an annual rate
Mrac [35]

Answer:

The annuity is worth $5,000 today

Explanation:

We solve using the growing perpetuity formula for present value:

Principal = \frac{C}{r - g} \\Where: \\$r = interest rate\\g = grow rate

r = 0.06

g = 0.02

C = $200

$200/(0.06-0.02) = 200/.04 = $5,000

4 0
3 years ago
Read 2 more answers
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