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3 years ago

If you invest $5,000 at the beginning of each month, howmany months will it take for your account to grow to $250,000

Business

1 answer:

mr Goodwill [35]3 years ago

5 0

Answer:

50 Months

Explanation:

If there is no compound interest it would be 50 Months. You would divide 250,000 by 5,000 to get the months.

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Mercantile corporation has sales of $2,000,000, variable costs of $1,100,000, and fixed costs of $750,000. mercantile’s degree o

sashaice [31]

The degree of operatingleverage is calculated by the formular
(sales - variable cost) / (sales - fixed cost - variable cost).
In the given question,
sales = $2,000,000
variable cost = $1,100,000
fixed cost = $750,000

The degree of operating leverage is (2,000,000 - 1,100,000) / (2,000,000 - 750,000 - 1,100,000) = 900,000 / 150,000 = 6.

Therefore, the degree of operating leverage is 6.

7 0

4 years ago

Prepare a direct materials purchasing plan for January, February, and March, based on the following facts. Lana Gonzales owns a

larisa [96]

Answer:

January cost $702,200

February cost $812,200

March cost $950,400

Total Purchase cost

Particulars January February March

Purchase cost of blades $ 207,200.00 $ 227,200.00 $ 230,400.00

Purchase cost of motor $ 495,000.00 $ 585,000.00 $ 720,000.00

$ 702,200.00 $ 812,200.00 $ 950,400.00

Explanation:

R.M budget - blades

Particulars January February March April

Planned production 11000 13000 16000 12000

Blades req. per unit 4 4 4 4

Material req. for prod. 44000 52000 64000 48000

Add: Desired ending inventory 20800 25600 19200 0

Less: Beginning inventory 13000 20800 25600

Net units of blades req. 51800 56800 57600

Cost per blade $ 4.00 $ 4.00 $ 4.00

Purchase cost of blades $ 207,200.00 $ 227,200.00 $ 230,400.00

R.M budget - motor

Particulars January February March April

Planned production 11000 13000 16000 12000

Motor req. per unit 1 1 1 1

Material req. for prod. 11000 13000 16000 12000

Cost per motor $ 45.00 $ 45.00 $ 45.00

Purchase cost of motor $ 495,000.00 $ 585,000.00 $ 720,000.00

6 0

4 years ago

Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,324,

ss7ja [257]

Question Completion:

b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?

Answer:

Black Bull Inc.

20Y5 20Y6

1. Earnings per share (EPS) $18.20 $21.50

2. The change in the earnings per share from 20Y5 to 20Y6 is favorable.

More revenue and profits were generated in 20Y6 and despite the increased number of shares outstanding, the EPS for 20Y6 performed better than 20Y5's.

Explanation:

a) Data and Calculations:

20Y5 20Y6

Net income $1,324,000 $2,630,000

Preferred dividends $50,000 $50,000

Earnings available to common

stockholders $1,274,000 $2,580,000

Average number of

common shares outstanding 70,000 shares 120,000 shares

Earnings per share (EPS) $18.20 $21.50

($1,274,000/70,000) ($2,580,000/120,000)

3 0

3 years ago

Which of the followings is true: a) the WBS is the basis for project schedules, budgets, and controls. b) work packages are the

Alona [7]

Answer:

Option D; both options A and B.

a) THE WBS IS THE BASIS FOR PROJECT SCHEDULES, BUDGETS, AND CONTROLS.

b) WORK PACKAGES ARE THE BASIS FOR PROJECT SCHEDULES, BUDGETS, AND CONTROL.

Explanation:

A work breakdown structure (WBS) is a visual tool for defining and tracking a project deliverable and all the small components needed to create it.

A work-breakdown structure (WBS) in project management and systems engineering, is deliverable oriented breakdown of a project into smaller components. A work breakdown structure is a key project deliverable that organizes the team's work into manageable sections. It is a basis for project scheduling, cost control, and project budget.

Therefore, both options A and B are true;a) THE WBS IS THE BASIS FOR PROJECT SCHEDULES, BUDGETS, AND CONTROLS.

b) WORK PACKAGES ARE THE BASIS FOR PROJECT SCHEDULES, BUDGETS, AND CONTROL.

8 0

3 years ago

On January 1, 2021, Kendall Inc. began construction of an automated cattle feeder system. The system was finished and ready for

NARA [144]

Answer:

$392,500

Explanation:

January 1,2021 200,000*12/12 $200,000

September 1,2021 $300,00*4/12 $100,000

December 31,2021 $300,000*1/12 $25,000

Borrowing costs to be capitalized $750,000*12%*9/12 $67,500

Average Accumulated expenditure for 2021 $392,500

Please note that borrowing costs incurred on construction loan will also be capitalized as it is specific construction loan..

All the expenditures have been averaged out from the date they are incurred.

5 0

3 years ago