Answer:
It will take 16.89 years for the account to increase to $2 million
Explanation:
Present Value = $400,000
Nominal annual interest rate = 10% compounded annually
Future Value = $2,000,000
Number of compounding periods = ?
Formula:
Future Value = Present Value * (1+Nominal annual interest rate)∧Number of compounding periods
$2,000,000 = $400,000 * (1+0,1)∧Time
We can then proceed to solve the equation:
16.89
Answer:
Option (b) is correct.
Explanation:
Given that,
Beginning work in process inventory balance = $32,000
Direct materials was placed into production = $54,500
Direct labor = $63,400
Actual manufacturing overhead = $86,500
Jobs costing completed during the year = $225,000
Ending work in process inventory balance:
= Beginning work in process inventory balance + Direct materials was placed into production + Direct labor + Actual manufacturing overhead - Jobs costing completed during the year
= $32,000 + $54,500 + $63,400 + $86,500 - $225,000
= $11,400
Answer:
509 Units
Explanation:
At second quarter,
safety stock = 10%
With 550 units, for target of the next quarter
Then, safety stock = [(550 ×( 10/100) ]
= 55 units.
Buy the remaining unit is 46, and the expected unit to be sold is 500
Then, units that will be neededto be produced in the second quarter. Is
= (55 + 500) -46
=509 units