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2 years ago

What is the value of a $1,000 investment that loses 5% each year for 8 years?

Business

2 answers:

boyakko [2]2 years ago

4 0

600

Explanation:

Principal amount = 1000

time = 8 years

rate of losing = 0.05

A = 1000 (1 - 0.05 (8))

A = 1000 ( 1 - 0.4)

A = 1000 (0.6)

A = 600

kramer2 years ago

3 0

Answer:

$663.42

Explanation:

1000(0.95)^8

= $663.42

You might be interested in

Bill and Hillary produce food and clothing. In an hour, Bill can produce 1 unit of food or 1 unit of clothing, while Hillary can

Free_Kalibri [48]

Answer:

Bill can produce 10 unit of food or 10 unit of clothing, while Hillary can produce 20 units of food or 30 units of clothing in 10 hours a day.

4 0

3 years ago

Wilson Enterprises applies overhead based on direct labor cost. The company estimates that their overhead for the year will be $

Tcecarenko [31]

Answer:

Applied Overhead is higher than actual overhead. Hence, manufacturing overhead is $ 4,000

Explanation:

Given data:

estimated overhead = $2,40,000

Labor cost =$2,80,000

Direct labor cost = $3,00,000

$Overhead\ rate = \frac{Estimated\ Overhead}{Estimated\ direct\ labor\ cost}$

$= \frac{2,40,000}{3,00,000}$

= $ 0.80 per direct labor cost

$Applied\ Overhead = Actual\ Labor\ cost\times Overhead\ rate$

$= $ 2,80,000\times $ 0.80 Per direct labor cost$

=$ 2,24,000

Actual Overhead cost = $ 2,20,000

Applied Overhead is more than actual overhead. Hence, manufacturing overhead is $ 4,000.

6 0

3 years ago

Tonto Company purchased property for $125,000. The property included a building, equipment and land. The building was appraised

velikii [3]

Answer:

The cost allocated to the building is $ 62,068.97

Explanation:

The total appraised cost for the components of the property purchased=$72,000+$50,000+$23,000=$ 145,000.00

The cost allocated to the building in the accounting records is the cost of the property multiplied by the building appraised value of $72,000 while dividing by the total of the appraised value of $145,000

cost allocated to building=$125,000*$72,000/$145,000=$ 62,068.97

3 0

3 years ago

Abba, Inc. is considering dropping a product line. During the prior year, the line had sales of $207,000 and a contribution marg

damaskus [11]

Answer:

Overall net income will decrease by $34,000.

Explanation:

Calculation to determine net operating income

Using this formula formula

Net operating income=Contribution margin -Avoidable costs

Where,

Contribution margin =$124,000

Avoidable costs= Salaries $60,000

+Advertising $20,000+Administrative expenses $10,000

Let plug in the formula

Net operating income=$124,000-($60,000+$20,000+$10,000)

Net operating income=$124,000-$90,000

Net operating income=$34,000 Decrease

Therefore If this product line is dropped overall net operating income will:decrease by $34,000

8 0

3 years ago

Which activity might require you to provide your social security number? A)Starting a new job. B)Boarding an airplane. C)Buying

natka813 [3]

You might be required to provide a social security number if you want to rent a car. This implies the correct answer is D.

A social security number is a number that is provided by the US government and issued to the citizens. The social security number can also be given to eligible residents if they apply for it. A social security number (SSN) contains nine-digit numbers and it serves many purposes.

<h2>Further Explanation</h2>

The social security number is used by the government to monitors your earnings and also to know the number of years that you have worked.

If as a retiree, you are entitled to get a social security disability income, the government of the United States will use the details regarding the contributions you make towards your social security.

This information is used to determine whether you are qualified to receive social security benefits and also to calculate how much you have contributed.

However, you will be required to provide your social security number in the following scenarios:

When you need to apply for a federal loan
When you need to apply for some kinds of public assistance
When renting a car
When you enroll in Medicare
When you need to get a driver’s license and many more

LEARN MORE:

Which activity might require you to provide your social security number brainly.com/question/9197489
Which activity might require you to provide your social security number? brainly.com/question/3852479

KEYWORDS:

renting a car
medicare
social security number
federal loan
nine digits

3 0

3 years ago

Read 2 more answers