1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dafna1 [17]
3 years ago
13

"$12 million per year. grow 10% compounded annually over the next 5 years. What will demand be in 5 years?"

Business
1 answer:
Dafna1 [17]3 years ago
4 0

Answer:

$12,936,120

Explanation:

The formula for calculating compound interest

=FV = PV × (1+r)n

Fv = future value

PV present value

r interest rate =10 %

t =time = 5 years

Future value= 12million x(1+10/100)5

                    =12,000,000 x (1+0.1)5

                    =12,000,000x1.61051

                    =  $12,936,120

You might be interested in
How does the budget process make fiscal policy difficult to implement? (lo32-3)?
Keith_Richards [23]
The budget process makes fiscal policy difficult to implement because 
<span>---The budget process begins a year and a half before the budget is implemented, and this will make it difficult to know what type of fiscal policy will be needed because it requires us to predict the problem and opportunities that arise during the operation.
---Many budget decisions are made for political reasons , because many politicians was appointed by interest groups that controlled by big companies.
---Nearly two-thirds of the budget is mandated by federal programs and cannot be easily changed, even if it could be changed, the cost could outweihgt the benefit.</span>
7 0
3 years ago
Winkle Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing processing center consi
Mice21 [21]

Answer:

d. 6,700 units

Explanation:

The computation of the equivalent units for conversion cost by using the FIFO method is shown below:

= Beginning inventory units × remaining percentage + units started and completed + ending inventory units × completion percentage

= 5,000 × 10% + (10,000 - 5,000) + 2,000 × 60%

= 500 + 5,000 + 1,200

= 6,700 units

We simply applied the above formula

6 0
3 years ago
Pepe, Incorporated acquired 60% of Devin Company on January 1, 2017. On that date Devin sold equipment to Pepe for $45,000. The
krek1111 [17]

Answer:

The loss on equipment recognized by Devin on its internal accounting records for 2017 is $9,000

Explanation:

By using the given information which is mentioned in the question, first we have to calculate the book value of equipment.

So, the book value of the equipment is equals to

= Cost price - accumulated depreciation

= $120,000 - $66,000

= $54,000

Now we can calculate the loss or gain on sale of equipment which is equals to

= Sale price - book value

= $45,000 - $54,000

= - $9,000

Since, the amount shows negative which means the company has suffered a loss of $9,000 on equipment

The other things like net income of 2017 and 2018 is irrelevant because it tells the net income of overall company not for equipment. So, it is not being considered while computation

Hence,  the loss on equipment recognized by Devin on its internal accounting records for 2017 is $9,000

7 0
3 years ago
Buxmont Manufacturing reported the following year-end balances: Beginning work in process inventory, $40,000; beginning finished
Sever21 [200]

Answer: <em>Cost of Goods Manufactured = $ 660,000</em>

Explanation:

Direct Material Used                                                $ 240,000

Direct labor                                                               $ 250,000

Manufacturing overheads applied                          $ 150,000

Total manufacturing Cost                                        $ 640,000

Add: Work in process                                            $ 40,000

Total Manufacturing cost                                         $ 680,000

Less: Work in process                                            $ 20,000

Cost of Goods Manufactured                                  $ 660,000

7 0
3 years ago
Q3. List three factors that are an impediment to traditional Barter System in papua New Guinea<br>​
Butoxors [25]

Answer:

The biggest challenge is PNG

4 0
2 years ago
Other questions:
  • $26 per share is the current price for Foster Farms' stock. The dividend is projected to increase at a constant rate of 7.00% pe
    10·1 answer
  • Refer to the figure above. if the economy is operating at full employment when its aggregate demand curve is ad2, then a further
    8·1 answer
  • When shopping for their brother, jack and james are presented with a red shirt by the sales person. while jack likes the shirt,
    10·2 answers
  • ________ refer to people in an organization's buying center who affect the buying decision; they often help define specification
    13·1 answer
  • Starbucks discovered through marketing research that 30% of consumers buy over 90% of all coffee drinks. If Starbucks used this
    11·1 answer
  • Sue invested $12,000 in the ABC Limited Partnership and received a 10 percent interest in the partnership. The partnership had $
    6·1 answer
  • As an advertising executive, Madison understands that people are caught up by information that is moving, blinking, flashing, or
    10·1 answer
  • The House Subcommittee on Oversight and Investigations made its recommendations after looking into failures at each of the follo
    13·1 answer
  • Regarding internationalization strategies in multinational enterprises (MNEs), in situations in which a company's products face
    7·1 answer
  • chloe receives her first paycheck for working as a pretzel vendor. to which of the arrows does this transaction directly contrib
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!