Answer:
Julie purchased the acres 16 year ago
Explanation:
Imagine you are Julie at year cero about to purchase eleven acres of land. The seller tells you that in X amount of years it will value $34686 because it increases 5% each year. He also tells you that according to the Present Value formula, the eleven acres are worth today $15890.
The formula is:
PV=Ct/[(1+r)^n]
Ct= cash flow at t time
r= rate
n= period of time
To calculate how many years it will be worth $34686 you need to isolate n from the PV formula
<u>n=[ln(Ct/PV)]/ln(1+r)</u>
<u />
n=ln(34686/15890)/ln(1+0,05)
n=16
Answer:
The correct answer would be option A, 135 Degree Fahrenheit.
Explanation:
Potentially hazardous foods are the foods that require time temperature control to keep them safe and to be used by the humans later even after few days. Potentially Hazardous foods can be Meat( which can be either raw or cooked), Dairy Products like milk, custards or any product prepared from Dairy, Seafood, raw or processed vegetables or fruits, cooked cereals, cooked pastas, cooked rice, etc. These type of foods are called the hazardous foods. All these foods should be treated with a maximum temperature of 135 Degree Fahrenheit in order to keep them safe for further use by people.
Answer:
Cobb Company
<u>Responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020.</u>
Report to product manager budget over (under)
Contribution margin $669,000 $16,225
Dirrect fixed cost -<u>$298,200</u> -<u>$5,000</u>
Product margin <u>$370,800</u> <u> $11,225</u>
Explanation:
In preparing reponsibility report, the difference between actual and budgeted is reported as over or under depending on if the item is an income or expense item. If the item is an income item, example, contribution margin, the difference between budget and actual is over when actual value is higher than budgeted.
Answer:
(C) 72.5
Explanation:
3-month weighted moving average forecast for July is computed as the weighted average of the last 3 months - June, May and April.
July Forecast =
July Forecast = (40%*50)+(30%*100)+(30%*75)
July Forecast = 72.5
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
1) You plan to invest in securities that pay 8.0%, compounded annually. You invest $5,000 today.
We need to double it. Final value= 16,000. Number if years=?
FV= PV*(1+i)^n
Isolating n:
n=[ln(FV/PV)]/ln(1+r)
n= ln(16000/8000)/ln(1+0.08)
n= 9 years.
2) Now, the interest is compounded monthly.
Effective rate= 0.08/12= 0.0067
n=[ln(Ct/PV)]/ln(1+r)
n= ln(16000/8000)/ln(1+0.0067)
n= 103 months= 8.65 years