Answer:
$60000
Explanation:
Their are 1000 products to produce per week for 30 weeks.
Total of product = 30* 1000
= 30000
For every 100 products, the filter needs to be changed, and it cost $50.
The number of filter used is
= 30000/100
= 300.
So the product cost $1.5
Total cost =
($1.5*30000)+($50*300)
= $45000+$15000
= $60000
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Answer:
$7,126.78
Explanation:
First, find the present value of the annuity payments at the year Jordan retires.
You can do this question using a financial calculator using the following inputs;
Total duration; N = 35
Recurring payment ; PMT = 75,000
Required return; I/Y = 5%
Future value ; FV = 0 (note: use 0 for FV in this annuity if not given)
then CPT PV(at t=35) = 1,228,064.572
Next, to find the recurring annual payment , $1,228,064.572 would the goal that needs to be achieved hence the Future value at year 35.
FV = 1,228,064.572
N= 35
Interest rate before retirement; I/Y = 8%
PV = 0
then CPT PMT = 7,126.78
Therefore, she must deposit $7,126.78 per year.
Answer:
B) debit Retained Earnings $ 200,000 and credit Common Stock $ 200,000
Explanation:
The dividends will increase the common stock account and decrease retained earnings. Dividends are always paid with retained earnings.
Since this is a large stock dividend (40% of new stocks are going to be issued), the transaction must be recorded at par value.
The total dividends declared = 50,000 shares x $10 x 40% = $200,000
The journal entry should be:
Dr Retained earnings 200,000
Cr Common stock 200,000
Answer:
The GDP for 2014 was $6500
Explanation:
GDP or Gross Domestic Product is the total value in monetary terms of all the finished goods and services produced in a country within a specific period of time. It is a measure of the valuation of the size of an economy and its growth rate. The GDP of an economy with only two goods can be calculated as follows,
GDP 2014 = 7.5 * 200 + 5 * 1000
GDP 2014 = $6500
