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2 years ago

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Using the rule of 72, t = StartFraction 72 Over r EndFraction, how long will it take for the principal to double with an annual

compound interest rate of 6%?

1 answer:

Leviafan [203]2 years ago

5 0

Answer:

12 years

Explanation:

Given

$t = \frac{72}{r}$

Required

How long will interest rate of $6\%$ double

We have:

$t = \frac{72}{r}$

Substitute 6 for r

$t = \frac{72}{6}$

$t = 12$

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United Machining's margin was 2% and turnover was 3.0 on sales of $60 million for the year. On the basis on this information____

Hunter-Best [27]

Answer:

B, net income for the year was $1,200,000, average assets were $20 million, ROI was 6%

Explanation:

net income is calculated by multiplying the percentage margin by the sales. We have,

(2 ÷ 100) × $60,000,000

= 0.02 × $60,000,000

= $1,200,000

To calculate the average assets, sales is divided by the turnover.

we have, ($60,000,000 ÷ 3.0)

= $20,000,000.

To calculate the ROI, margin and turnover are multiplied.

we have,

(2% × 3.0) = 6%

Cheers.

3 0

3 years ago

A $1 per unit tax levied on consumers of a good is equivalent to

Katen [24]

Based on accounting principles, a $1 per unit tax levied on consumers of a good is equivalent to "a $1 per unit tax levied on producers of the good."

This is based on the idea that the market reaches the exact equilibrium price irrespective of who is accountable for paying the money to the government.

In other words, when the government levies a tax on a good, producers are not exempted from the tax levy because that money will be recouped from the producers' sales or revenue.

Hence, in this case, it is concluded that tax on goods is inevitable to consumers and producers.

Learn more here: brainly.com/question/22680521

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2 years ago

A television advertisement shows several teenagers searching through the refrigerator for something to satisfy their hunger. The

Andre45 [30]

Answer:

The answer for the first blank is needs, the second blank is preferences.

Explanation:

The need for sustenance is a primary drive for all living creatures, including humans. The advertisement shows this by casting hungry teenagers who are seeking to fulfill this drive. Since the company producing this advertisement sells Hot Pocket, they wanted to associate ‘fulfilling the hunger drive’ with their product. That way, customers who view this advertisement are more likely to choose Hot Pocket compared to its competitors.

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3 years ago

Payback period is the amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a pr

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3 years ago

A company sells DVD players for $200 per unit. The players have a unit variable cost of $160. The company estimates that it will

Archy [21]

Answer:

Break-even point= 1,200 DVDs

Explanation:

F<u>irst, we need to calculate the sales proportion:</u>

DVD= 4/5= 0.8

Home entertainment= 1/5= 0.2

<u>Now, we need to calculate the break-even point for the whole company:</u>

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)

Weighted average contribution margin= (200*0.8 + 600*0.2) - (160*0.8 + 460*0.2)

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Break-even point (units)= 90,000/60= 1,500

<u>Finally, the number of DVDs:</u>

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5 0

3 years ago