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Fed [463]
3 years ago
9

Your parents will retire in 19 years. They currently have $300,000, and they think they will need $1 million at retirement. What

annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Do not round intermediate calculations. Round your answer to two decimal places.
Business
1 answer:
Svetlanka [38]3 years ago
3 0

Answer:

rate = 6.54%

Explanation:

we need to find the rate at which a capital of 300,000 becomes 1,000,000 in a period of time of 19 years.

<u>So we build the following equation:</u>

300,000 (1+r)^{19} =1,000,000

(1+r)^{19} =1,000,000 \div 300,000

r=\sqrt[19]{1,000,000 \div 300,000}-1

rate = 0.065417765 = 6.54% after rounding

This will be the rate my parent will require to generate 1,000,000 in 19 years with their current savings of 300,000.

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Materials requirements planning (MRP) _________.a. reduces the uncertainty about when materials are needed, thereby reducing the
eimsori [14]

Answer:

The correct answer is (a)

Explanation:

Material inventory planning technique is an effective technique to manage the inventory level. It helps to manage all the inventory requirements and helps to schedule the inventory accordingly. It reduces the uncertainly regarding the inventory level, needs and materials. It helps to have the entire inventory needed for the short time; as soon as the inventory reaches a specific level it helps to restock it.

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PA10.
nevsk [136]

Answer:

Traditional allocation method

Overhead allocation rate

= <u>Budgeted overhead</u>

  Budgeted machine hours

= <u>$1,050,000</u>

  50,000 hours

= $21 per machine hour

Overhead allocation

 Product A = $21 x 10,000 = $210,000

 Product B = $21 x 40,000 = $840,000

Using activity-based costing

Cost driver rates

Machine set-up = <u>$250,000</u>

                               10,000 set-ups

                           = $25 per set-up

Assembly =  <u>$300,000</u>

                     60,000 parts

                =   $5 per part

Machine maintenance = <u>$500,000</u>

                                          50,000 hours    

                                     = $10 per machine hour

              Overhead allocation based on ABC

                                        A                    B

                                         $                    $

Machine set-up              175,000        75,000

Assembly                       125,000       175,000

Machine maintenance  <u> 100,000</u>       <u>400,000 </u>                                                                                                                                                          

Total cost                      <u>  400,000</u>      <u>650,000</u>

Explanation:

In traditional allocation method, there is need to calculate the overhead allocation rate, which is the ratio of budgeted overhead to budgeted machine hours. Then, the overhead allocation rate will be used to multiply the machine hours for each product in order to obtain the overhead allocated.

In activity-based costing, there is need to calculate the cost driver rates, which is the ratio of overhead of each cost pool to the total cost driver                                of each cost pool. Then, we will multiply the cost driver rate by the cost driver for each product in order to obtain the allocated overhead.

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Explanation:

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