Answer:
Image result for What does the rule of 72 tell us? What is the formula used? Amy heard Dave Ramsey say that she could expect an average of 12% returns when she invests in mutual funds. Amy has $10,000 to invest. How long will it take Amy’s investment to double?
Divide 72 by the interest rate on the investment you're looking at. The number you get is the number of years it will take until your investment doubles itself.
Explanation:
Answer:
Interest saved by the couple = $3497.12
The answer and procedures of the exercise are attached in the following archives.
Explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Explicit and Implicit costs should be considered when measuring economic profit because a business must cover its opportunity costs as well as its out-of-pocket expenses to be truly profitable. Economic profit consists of revenue minus implicit (opportunity) and explicit (monetary) costs. Explicit costs are monetary costs a firm has. Implicit costs are the opportunity costs of a firm’s resources.
Answer:
$358,000
Explanation:
Calculation to determine how much cash should Sioux expect to collect during the month of April
April sales collected in April ($370,000 × 60%) $222,000
March sales collected in April ($340,000 × 40%) $136,000
Total cash collections in April $358,000
($222,000+$136,000)
Therefore the amount of cash that Sioux should expect to collect during the month of April is $358,000
Answer:
($149,800)
Explanation:
The computation is shown below:
In case of making cost, the total cost is
= (Total number of units made × Direct material per unit + Direct labor per unit + Variable manufacturing overhead per unit + Supervisor salary per unit )+ Allocated general overhead
= (12,000 units × $6.30 + $5.70 + $4.80 + $7) + $17,000
= 12,000 units × $23.8 + $17,000
= $302,600
And, the buying cost is
= 12,000 units × $37.70
= $452,400
so the financial disadvantage is
= $302,600 - $452,400
= ($149,800)
