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Eddi Din [679]
2 years ago
8

Paul Springer plans to save for a down payment for a house in 10 years. He will be able to invest $12,000 today in a money marke

t account that will pay him an interest of 5.50 percent on a monthly basis. How much will he have at the end of 10 years?
Business
1 answer:
Bad White [126]2 years ago
8 0

Answer:

The correct answer is $20,772.92.

Explanation:

According to the scenario, the given data are as follows:

Payment (pmt) = $12,000

Rate of interest = 5.50%

Rate of interest per month (r) = 5.50 / 12 months = 0.46%

Time = 10 years (n) = 120 months

So, the future value can be calculated by using following formula:

Future value =  PMT ×(1+r)^n

= $12,000 × ( 1 + 0.46% )^120

= $20,772.92

Hence, the future value at the end of 10 years will be $20,772.92.

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Hart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The l
Serjik [45]

Answer:

Objective function:

Maximize Z: 30P1 + 25P2 + 28P3

Subject to:   2.00P1 + 1.50P2 + 3.00P3 ≤ 450 (Department A constraint)

                    2.50P1  + 2.00P2 + P3       ≤ 350 (Department B constraint)

                    0.25P1  + 0.25P2 + 0.25P3 ≤ 50  (Department C constraint)

                           P1, P2, P3                       ≥  0 (Non-negativity)

Explanation:

The objective function is formulated from the contribution margin of the three products. For instance, the contribution of Product 1 is $30, the contribution of Product 2 is $25 and the contribution of Product 3 is $28. Thus, the objective function will be 30P1 + 25P2 + 28P3.

The constraints were obtained from the departmental labour hours requirements for each product. For instance, Product 1 requires 2 hours in department A, Product 2 requires 1.50 hours in department A and Product 3 requires 3 hours in Department A. Thus, the constraint will be 2.00P1 + 1.50P2 + 3.00P3.

8 0
2 years ago
A Nike women's-only store in California offers women's running, training, and sportswear products and also contains an in-store
Klio2033 [76]

Answer:

Opportunity cost = $6900 monthly or $82800 yearly.

Explanation:

Opportunity cost = $6900 monthly or $82800 yearly.

The opportunity cost is the gain forgone for the other alternative, or ultimately a loss to acquire other opportunity.

Here, the opportunity cost is gain of $6900 forgone to operate the fitness studio within the store by Nike.

4 0
3 years ago
According to the classical theory of inflation, an increase in the money supply would cause _____ to shift to the _______. Outpu
ASHA 777 [7]

Answer:

According to the classical theory of inflation, an increase in the money supply would cause aggregate demand curve to shift to the right. Output would increase and price level would increase. However, in the long run, would shift to the left. Output would reduce and the price level would continue to increase.

Explanation:

Inflation occurs in an economy when the overall price level increases and the demand of goods and services increases.

the classical theory of inflation explains how the aggregate price level gets determined through the interaction between money supply and money demand.

Tn the classical theory of inflation:

  • Money is considered the asset which is utilized by people to purchase goods and services on a regular basis.
  • Their view is that the general price is determined by the total demand for and total supply of goods just as the price of any good is determined by the forces of demand and supply for it.
  • According to them inflation is a situation caused by excess demand, in which the total demand for goods as measured by the volume of money offered is in excess of supply of goods at prevailing prices.

5 0
3 years ago
Read 2 more answers
________ involves defining the firm's marketing mix variables so that target customers have a clear, distinctive, desirable unde
ivann1987 [24]

Answer: Positioning

Explanation: Positioning is a marketing strategy which is aimed at defining a brand's quality and offering in a distinctive manner. Positioning is used to set the boundary and establish the differences in the offerings and services by a firm which sets it apart from that offered by competing firms producing similar products or rendering similar services. Positioning defines the stand of a company's product or services in relation to that it's competitors by stating unique offerings of the firm's product. Therefore, giving customers a distinctive knowledge or understanding of the product from that of its competitors.

3 0
3 years ago
Frantic Fast Foods had earnings after taxes of $1,070,000 in 20X1 with 311,000 shares outstanding. On January 1, 20X2, the firm
Mars2501 [29]

Answer:

X1 EPS =  $ 3.44 per share

X2 EPS = $ 3.88 per share

Explanation:

EPS = \frac{income}{shares}

X1: Earning per share

$1,070,000 / 311,000 shares outstanding = $3.44 per share

X2: net income calcualtions

1,070,000 x ( 1  +  24%) = 1,326,8‬00

X2 shares outstanding:

beginning 311,000 + issued 31,000 = 342,000

EPS: 1,326,800 / 342,000 =  3,8795 = 3.88

7 0
3 years ago
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