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xxTIMURxx [149]
3 years ago
14

Your cousin is currently 11 years old. She will be going to college in 7 years. Your aunt and uncle would like to have $ 95 comm

a 000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 3.9 % per​ year, how much money do they need to put into the account today to ensure that they will have $ 95 comma 000 in 7 ​years?
Business
1 answer:
zalisa [80]3 years ago
5 0

Answer:

$72,679.976

Explanation:

The computation of present value is shown below:-

Present value = Future value ÷ (1 + Rate of return)^Number of years

= $95,000 ÷ (1 + 3.9%)^7

= $95,000 ÷ (1 + 0.039)^7

= $95,000 ÷ (1.039)^7

= $95,000 ÷ 1.307100055

= $72,679.97553

or

= $72,679.976

Therefore for computing the present value we simply applied the above formula.

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3 years ago
Given: Cost of goods manufactured of $410,000; beginning finished goods inventory of $110,000 and ending finished goods inventor
Dafna1 [17]

The unadjusted cost of goods sold is $395,000

<h3>What is cost of goods sold?</h3>

Cost of Goods Sold (COGS) is what measure the direct cost incurred in the production of any goods or services.

The unadjusted cost of goods is computed as:

= Cost of goods manufactured - ( Ending finished goods -Beginning finished goods inventory )

= $410,000 - ( $125,000 - $110,000)

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Learn more about cost of goods sold here: brainly.com/question/18648409

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2 years ago
BG, Inc. reported the following information related to their manufacturing costs: Direct Labor $200,000; Direct Materials $ 150,
bagirrra123 [75]

Answer:

$450,000

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Direct Labor = $200,000;

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