Answer:
The firm must save $45,172.02 monthly for 24 months to be able to pay $1,130,000 at 4.3% compounded monthly as found in the attached
Explanation:
In calculating the monthly saving , I used the PMT function in excel,whose formula is given as PMT(rate,nper,pv,-fv)
r represents the rate on the savings given as 4.3% annually but 0.36% per month (4.3%/12 months), as the compounding is done monthly.
nper represents the duration of savings,given as two years but multiplied by 12 months to reflect monthly compounding horizon
pv is the present value zero as it is not given and not required
Fv is future value given as $1,130,000
Find detailed computation in the attached.
Answer and Explanation:
The computation is shown below:
Reference base year is 2000 and as it's the base year, So the CPI is 100.
Now
The prices have risen by 187% by 2016 means the CPI is
= 100 + 187% of 100
= 287.
And,
There is 3.4% inflation in 2017 that means prices have increased by 3.7% in 2017 compared to 2016.
Now
CPI is 287 + 3.4% of 287
= 296.758
CPI in 2017 = 296.758
In 2018, inflation is 3.7%,
CPI = 296.758 + 3.7%
= 307.74
CPI in 2018 = 307.74
In 2019, CPI is 318, which is approx 3.3% higher than as compared to the year 2018 so
Brazil's cost of living rised in 2019.
CPI of Brazil in 2017 is 296.76
CPI of Brazil in 2018 is 307.74
So,
Brazil's cost of living increases every year
Answer: $57,000
Explanation:
Given that,
Beginning finished goods inventory in units = 0
Units produced = 7,000
Units sold = 5,100
Sales = $663,000
Materials cost = $140,000
Variable conversion cost used = $70,000
Fixed manufacturing cost = $490,000
Indirect operating costs (fixed) = $102,000
Total Variable cost of units produced = Materials cost + Variable conversion cost used
= $140,000 + $70,000
= $210,000
=
= $30
Units in ending inventory = Units produced - Units sold
= 7,000 - 5,100
= 1,900
Value of Variable costing ending inventory = Units in ending inventory × Variable cost per unit
= 1,900 × $30
= $57,000
Answer:
Rate of unemployment will be 25 %
So option (b) will be correct option
Explanation:
We have given that the number of unemployed person = 8 million
And number of person who are employed = 24 million
So total number of person who are employed and unemployed = 24 +8 = 32 million
We have to find the rate of unemployment
Rate of unemployment is given by the ratio of unemployed person to the sum of employed and unemployed
So rate of unemployment 
= 25 %
So option (b) is correct option
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Explanation:
