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hichkok12 [17]
4 years ago
6

Given below are the present value factors for $1.00 discounted at 6% for one to five periods. Interest is compounded annually at

6%. Periods Present Value of $1 Discounted at 6% per Period 1 0.943 2 0.890 3 0.840 4 0.792 5 0.747 What amount should be deposited in a bank today to grow to $9400 three years from today?
Business
1 answer:
sp2606 [1]4 years ago
6 0

Answer:

$7,896

Explanation:

In order to solve this problem we have to use the present value of $1 discounted at 6% for 3 years = 0.84

We can determine the amount that we should deposit today to have $9,400 in three years by multiplying $9,400 times 0.84 = $7,896

If you want to check your answer you can use the future value formula:

future value = $7,896 x 1.06³ = $7,896 x 1.191 = $9,404

The result is slightly different due to rounding numbers, 0.84 should have been 0.839619283. If we use all the decimals then our answer should be $7,892.421261

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Explanation:

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8 0
3 years ago
The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the to
ryzh [129]

Answer:

The Question is Incomplete; Full Question is as follows;

Using variable​ costing, what is the contribution margin for last​ year?

<em>Contribution Margin = $362,900</em>

Explanation:

Computation of expenditure margin by differential costing;

<em>Sales </em><em>Minus </em><em>variable cost </em>

  • Sales (190,000 *$8.20)

= $1,558,000  

  • Variable cost of Manufacturing(190,000 units *$1.84)

= $349,600

— variable sales and administrative costs(190,000 units *$4.45)

= $845,500

= contribution margin = $362,900

<em>Keep in mind that; </em><em>Set or Fixed expenses and overhead costs are not taken into account when trying to calculate the contribution margin.</em>

7 0
4 years ago
Bundling:__.
Cerrena [4.2K]

Answer:

c

Explanation:

Bundling is when separate products of a company are combined together and sold to customers usually at a lower price

6 0
3 years ago
22. Which resource management activity establishes common definitions for capabilities of personnel, equipment, teams, supplies,
NemiM [27]

Answer:

Identifying and typing resource

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Measurable defined or stated as the capabilities as well as the levels of the performance, resources are identified or recognized and the basis for every category.

The resources comprise of the following kinds or types, which are equipment, aircraft, teams, vehicles and supplies.

Resources are the categories of the typing through the capability, the mobilized the incident management and the response.

Therefore, the identifying and the typing resource is the resource management activity.

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3 years ago
Which of the following workers are most likely to be part of a union? (Select four answers.)
Ira Lisetskai [31]

a high school teacher,an assembly line worker,a plumber,a police woman

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3 years ago
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