Given:
Amount in the bank account = $1850
Monthly payment of can loan = $400.73
To find:
When would automatic payments make the value of the account zero?
Solution:
Craig stops making deposits to that account. So, amount $1850 in the bank account is used to make monthly payment of can loan.
On dividing the amount by monthly payment, we get
It means, the amount is sufficient for 4 payment but for the 5th payment the amount is not sufficient.
Therefore, the 5th automatic payments make the value of the account zero.
Answer: 18,480
Answer: 9 years ago
Answer:
1.9x+3.7
Step-by-step explanation:
Subtract 3.6x-1.7x
and 5.9-2.2
The target cost for Model J20 is $2000.
The required cost reduction is $30.
The total saving will be $30.3.
<h3>How to compute the cost?</h3>
The target cost will be:
= Sales price - (100% × Target cost)
= 400 - (100% × Y)
Y + Y = 400
2Y = 400
Y = 400/2 = 200
Target cost = $200
Therefore, the target cost is $200.
The required cost reduction will be:
= $230 - $200
= $30
The required cost reduction is $30.
The three engineering improvements together will be:
Direct labor reduction = 7.5
Additional inspection = 17
Injection molding = 5.8
Total savings = 30.3
The total savings is $30.3.
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