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Arte-miy333 [17]
3 years ago
9

Brenda young desires to have $15,000 eight years from now for her daughter's college fund. if she will earn 6 percent (compounde

d annually) on her money, what amount should she deposit now? use the present value of a single amount calculation.
Business
2 answers:
labwork [276]3 years ago
7 0

Present value PV= FV(1/(1+r)^n)

PV = Present Value

FV = Future Value

r= rate

n= number of years

Just plug in the numbers and calculate.

Nesterboy [21]3 years ago
6 0

Answer:

The answer is: $9,411.19 (rounded to 2 decimal places)

Explanation:

Brenda needs to discount the present value of future anticipated cash flows to determine the value that she should deposit in the current period.

The time value of money principle dictates that the value of money today is worth more than its future equivalent in terms of the purchasing power. It is for this reason that interest is charged in future after lending or borrowing money in the current period. In order to compute the present value of the money, the compound interest formula needed is as follows:

FV = PV (1 + r)^nt where FV is the future value and PV is the present value, n is the number of times interest is applied per period, r is the interest rate and t is the number of time periods. In order to calculate present value, it has to be the subject of the formula:

PV = FV/ (1 + r)^nt

     = $15, 000/(1 + 0.06)^(1*8)

     = $15, 000/1.5938481

     = $9, 411.18557

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Answer:

Instructions are below.

Explanation:

Giving the following information:

Standard:

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Actual:

1,500 blood tests.

3,600 plates were purchased for $9,540

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1)The materials price variance:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2.75 - 2.65)*3,600= $360 favorable

2) The materials quantity variance:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (2*1,500 - 3,200)*2.75

Direct material quantity variance= $550 unfavorable

3) The labor rate variance:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (15 - 16.32)*340= $448.8 unfavorable

4) The labor efficiency variance:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (1,500*0.2 - 340)*15

Direct labor time (efficiency) variance= $600 unfavorable

5) The variable overhead efficiency variance:

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Variable overhead efficiency variance= (1,500*0.2 - 340)*7

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2 years ago
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(01.02 MC)
mart [117]

Answer:Ob

---ways people obtain their wants with limited resources

Explanation:

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The economy generally is filled with people having unlimited wants but the resources(  land, labour, capital and enterpreneur) to satisfying these wants are Limited and scarce . Economics studies how the society  (government and businesses)use these scarce resources to satisfy or meet its unlimited wants by  providing variety of goods and services from the scarce resources  so that people can have choices  to choose from in satisfying their limitless wants in order of preferences.

8 0
3 years ago
Consider the following year-end information for a company: Cost of goods sold $ 420,000 Sales revenue 800,000 Non Operating expe
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Answer:

$210,000.

Explanation:

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Question asked:

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Solution:

As we know, Operating Income = Gross Profit- Operating Expenses

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                                        = $210,000

Therefore, consider the following year-end information for a company, its Operating Income is  $210,000.

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