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3 years ago

6

Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5% is to be maintained, this me

ans that this year's productivity will have to be _______

1 answer:

cupoosta [38]3 years ago

6 0

88.2
Multiply 84 by 1.05

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An appliance manufacturer wants to contract with a repair shop to handle authorized repairs in Indianapolis. The company has set

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3 years ago

A 25-year-old engineer is opening an individual retirement account (IRA) at a bank. Her goal is to accumulate $1 million in the

dimaraw [331]

Answer:

The minimum deposit will be of 3,081 and after 40 year it will get 1,000,000 dollars

Explanation:

We have to solve for the C of an annuity growing

$\frac{1-(1+g)^{n}\times (1+r)^{-n} }{r - g}$

g 0.05

r 0.06

C 3,081

n 40

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3 years ago

Rienzi Farms grows sugar cane and soybeans on its 600 acres of land. An acre of soybeans requires 3 hours to plant and brings in

mezya [45]

Answer:

133 acres of sugar cane

and 300 of soybean provide a profit of $ 733,000

Explanation:

We setup the fromulas and use excel solver:

labor hours: 3 x sugar acres + 4 x soybean <= 1,600

profit = 1,000 x sugar acres + 2,000 soybean

with the restriction soybean <= 300

SOLVER

acres hours PROFIT

sugar cane 133 x 3 = 399 x 1,000 = 133,000

soybeans 300 x 4 = 1,200 x 2,000 =<u> 600,000 </u>

TOTAL 733,000

6 0

3 years ago

Alliance Company budgets production of 24,000 units in January and 28,000 units in the February. Each finished unit requires 3 p

Eddi Din [679]

Answer:

Total direct material needed in pounds= 101,400 pounds

Explanation:

Giving the following information:

Each finished unit requires 3 pounds of raw material K that costs $3.00 per pound.

Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials.

The January 1 inventory for this material is 25,200 pounds.

Production:

January= 24,000 units

February= 28,000 units

<u>Direct material budget:</u>

Production= 24,000*3= 72,000 pounds

Desired ending inventory= (28,000*0.35)*3= 29,400 pounds

Total direct material needed in pounds= 101,400 pounds

Purchases= production + desired ending inventory - beginning inventory

Purchases= 101,400 - 25,200

Purchases= 76,200 pounds

Direct material purchase cost= 76,200*3= $228,60

3 0

2 years ago