How does most price planning begin?

FV of $600 each 6 months for 5 years at a nominal rate of 12%, compounded semiannually. Do not round intermediate calculations.

Lerok [7]

Answer:

Amount after 5 year will be $1074.5

Explanation:

We have given principal amount P = $600

Time t = 5 year

Rate of interest r = 12%

It is given that amount is compounded semiannually

So time period = 5×2 = 10 period

And rate of interest semiannually will be $=\frac{12}{2}=6$ %

We have to find future value after 5 year

Future value is given by $A=P(1+\frac{r}{100})^n$

So $A=600\times (1+\frac{6}{100})^{10}$

$=600\times1.06^{10}$

$=600\times1.79=1074.5$

So amount after 5 year will be $1074.5

8 0

3 years ago

Madison Inc. reported sales of $1,000,000, a debit balance in Accounts Receivable of $80,000, and a credit balance of $5,000 in

svetoff [14.1K]

Answer:

The answer follows below;

Explanation:

Sales=$1,000,000

Allowance for Doubtful Accounts=$1,000,000*1%=$10,000

Bad Debt Expense Dr.$10,000

Allowance for Bad Debts Accounts= Cr.$10,000

In sales % method, we record only % of sales as uncollectible.

6 0

3 years ago

Ultimo Co. operates three production departments as profit centers. The following information is available for its most recent y

Kitty [74]

Answer:

Department 2 has the highest Contribution To Overhead and its dollar amount is $ 260,000

Explanation:

Ultimo Co.

Dept. 1 2 3

Sales $ 1,000,000 $ 400,000 $ 700,000

<u>Cost of Goods Sold 700,000 150,000 300,000 </u>

Contribution Margin 300,000 300,000 400,000

Direct Expenses 100,000 40,000 150,000

Indirect Expenses $ 80,000 100,000 20,000

Contribution To Overhead 200,000 260,000 250,000

Contribution To Overhead Calculations

Department 1= Contribution Margin - total direct Expenses

= 300,000-100,000=200,000

Department 2=Contribution Margin - total direct Expenses

=300,000-40,000= 260,000

Department 3=Contribution Margin - total direct Expenses

=400,000-150,000= 250,000

7 0

3 years ago

Pat has 4 hours to spend either studying for a test or playing a new video game. If Pat spends all of that time studying, Pat ca

Strike441 [17]

Answer:

B. 92

Explanation:

The intercept is the point at which a function met with the Y axis.

On the Y axis will be the score

On the X axis the videogames hours

At more videogames hours less score and at less videogames hours more score.

We are asked for the value of score for 0 hours of dividends:

at X = 0 then Y = 92

3 0

3 years ago

Indicate whether each of the following transactions represents an increase in net exports, a decrease in net exports, an increas

ratelena [41]

Answer: a. Decrease in Net Exports

b. Increase in Net Capital

c. Decrease in Net Capital.

d. Increase in Net Exports

Explanation:

a. A Decrease in Net Exports

Net Exports is Exports - Imports. In buying a Television from a foreign company, the American has imported the good. This will reduce Net Exports by the aforementioned formula.

b. An INCREASE in NET CAPITAL OUTFLOW

This is essentially Capital being invested in other countries. It increases when more is invested in other countries as opposed to less.

c. A DECREASE in NET CAPITAL OUTFLOW.

As previously stated, Net Capital Outflow increases when a country invests more in another country. Since we are looking at it from the perspective of the USA, Sony, which is not an American company, buying into such capital is considered a Decrease in Net Capital Outflow as money is coming into the US.

d. An INCREASE in NET EXPORTS

Here, a foreigner is buying goods in the USA. That translates to Export. And by the Net Export Equation, Net Exports will rise.

If you need any clarification do react or comment.

6 0

3 years ago