Answer:
Total amount available in two years is $1,354,125.
Explanation:
The total amount available in two years can be calculated as follows:
Total amount in the deposit now = Current deposit + Amount planned to be deposited = $650,000 + $200,000 = $850,000
Future value of the total amount the deposit now = Total amount in the deposit now * (1 + Annual interest rate)^Number of years the deposit used = $850,000 + (1 + 15%)^2 = $1,124,125
Future value of next year's deposit = Next year's deposit * (1 + Annual interest rate)^Number of years the deposit used = $200,000 * (1 + 15%)^1 = $230,000
Total amount available in two years = Future value of the total amount the deposit now + Future value of next year's deposit = $1,124,125 + $230,000 = $1,354,125
Answer: The value customer relationship over short term profits.
Explanation:
The home repairs men and building supply businesses place a high value on their relationship with customers and therefore try to support them in their period of challenge even if it comes at a cost of losing out on making a higher profit.
Answer:
Direct Materials = 49,000 units
Conversion Costs = 45,280 units
Explanation:
<em>Hi, your question is incomplete. I have uploaded the full question as image below.</em>
Equivalent units are physical units of outputs expressed as percentage in terms of work done on them.
Equivalent units calculation :
Direct Materials = 42,800 x 100 + 6,200 x 100 % = 49,000 units
Conversion Costs = 42,800 x 100 + 6,200 x 40 % = 45,280 units
Answer:
The advantage over buying the house over renting the apartment is that, you would own the house instead of just renting it. If you own the house, and the mortgage covers everything including repairs if you buy the house while if you need a repair in a rented apartment it would probably cost a fortune. Living in an apartment means that if the owner decides they want to rent the house or sell the house, that you will have to move (or pay for a mortgage which you might as well buy the house that's bigger than buy the apartment.)
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