Hunter & Sons sells a single model of meat smoker for use in the home. The smokers have the following price and cost charact
1 answer:
Answer:
a. 7,900
b. 10,100
Explanation:
As for the provided information,
We know at break even point taxes shall be = 0 as there are no profits and no losses.
a. At break even: =
Fixed Cost = $308,100
Contribution per unit = Selling price - Variable cost = $79 - $40 = $39
Therefore, break even units =
b. In case the company wants a profit of $51,480 after tax @ 40% then,
Earnings before taxes = = $85,800
Therefore, number of units =
= = 10,100
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Answer:
94 V
Explanation:
Here we don't have the figure showing the circuit and how the resistors are connected: therefore, we have to make some assumptions.
Here we will assume that the three resistors are connected in series: this means that they are connected along the same branch, and therefore, the current flowing through them is the same.
As a result, the total voltage drop across some resistors in series is given by the sum of the voltage drops on each resistor.
Therefore, for three resistors in series
Where here we have:
is the voltage drop on the 1st resistor
is the voltage drop on the 2nd resistor
is the voltage drop on the 3rd resistor
Substituting into the equation, we find:
Answer:
1. Interest compounded annually = $18,049.74
2. Interest compounded quarterly = $18,493.77
3. Interest compounded Monthly = $18,598.16
4. Interest compounded continuously = $18,651.19
Explanation:
First let me state the formula for compound interest:
The future value of a certain amount which is compounded is the total amount (Principal + interest) on the amount of money, after compound interests have been applied, and this is shown below:
FV = PV
where:
FV = Future value
PV = Present value = $7,000
r = interest rate in decimal = 0.07
n = number of compounding periods per year
t = compounding period in years = 14
For interests compounded continuously, the Future value is given as:
FV = PV ×
where
is a mathematical constant which is = 2.7183
Now to calculate each on the compounding periods one after the other:
1. Interest compounded annually:
here n (number of compounding periods annually) = 1
Therefore,
FV = 7,000 ×
FV = 7,000 × = $18,049.74
2. Interest compounded quarterly:
here, n = 3 ( there are 4 quarters in a year)
FV = 7,000 ×
FV = 7,000 × = $18,493.77
3. Interest compounded Monthly:
here n = 12 ( 12 months in a year)
FV = 7,000 ×
FV = 7,000 × = $18,598.16
4. Interests compounded continuously:
FV = PV ×
FV = 7,000 × 2.66446 = $18,651.19