Sally is most likely in the formal operational stage of development. This answer based on Piaget's 4 stages of cognitive development which describes the stages of human's mental development. Piaget's 4 stages of cognitive development consist of the sensory motor, the preoperational, the formal operational, and the concrete operational stage<span>. Sally is in the second stage of this theory. This is because she already has developed her logical thinking.</span>
Answer:
The correct answer is A. $18,276
Explanation:
First you have to calculate how much you'd end up having at the end of the 25 years period in your savings account.
You calculate the total amount saved for each year, using the formula:
Where
is the total amount in the savings account for this period.
is the total amount in the savings account from the previous period.
is the interest rate.
are the annual deposits being made into the savings account.
Therefore for the first year you'd do:
For the second year:
And so on. You can help yourself calculate the value of this series using programs like Excel.
I have attached an Excel file that has a table with the savings values for each of the 25 years.
So, the 25th year you’ll have $365,529.70 in your savings account. Now you simply divide this number by 20 (that will be the number of years you’ll be withdrawing the same dollar amount from your savings account):
In conclusion, you’d be able to withdraw $18,276.485 each year for the following 20 years after the 25th deposit, if all withdrawals are the same dollar amount.
Answer:
$165,500
Explanation:
Given that,
Sales (4,900 × $90) = $ 441,000
Cost of goods sold (4,900 × $38) = 186,200
Gross margin = $ 254,800
Selling and administrative expenses = $75,000
Net income = $ 179,800
Production costs per tennis racket total = $38
Variable production cost = $25
Fixed production cost = $13
Units produced = 6,000
Contribution margin:
= Sales - Variable production costs
= $441,000 - (4,900 × 25)
= $441,000 - $122,500
= $318,500
Fixed costs = Fixed production costs + Selling and administrative expenses
= ($13 × 6,000) + $75,000
= $78,000 + $75,000
= $153,000
Net income under variable costing:
= Contribution margin - Fixed costs
= $318,500 - $153,000
= $165,500
Answer:
Developing
Explanation:
A developing country is one where,
- Per capita income is lower which means individuals earn money for basic survival. There are no means of investment and savings.
- Life expectancy is higher due to absence of modern medical facilities in all areas.
- Technology is still reaching people in rural areas. Not everybody has access to modern technology.
- High rates of population and unemployment.
Here, the country has all features of a developing world nation.
