Answer:
Total FV= $2,555,406.98
Explanation:
Giving the following information:
Investment 1:
Monthly deposit= $300
Number of months= 12*45= 540
Interest rate= 0.09/21= 0.0075
Investment 2:
Monthly deposit= $500
Number of months= 12*20= 240
Interest rate= 0.09/21= 0.0075
To calculate the future value, we need to use the following formula on each investment. <u>I separated into two to simplify calculations.</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
<u>Investment 1:</u>
FV= {300*[(1.0075^540) - 1]} / 0.0075
FV= $2,221,463.54
<u>Investment 2:</u>
FV= {500*[(1.0075^240) - 1]} / 0.0075
FV= $333,943.44
Total FV= $2,555,406.98
A is the correct Answer I think
Answer: Option D
Explanation: In simple words, a wholesaler refers to the company or an individual who deals with the retailers usually. They are the second in the supply chain.
The wholesaler procures material in bulk from the manufacturer and sells them in relatively small quantities to the retailers.
In the given case, dawn has been purchasing from the manufacturer and selling them to the retailers . Hence he is a wholesaler.
Answer:
Ending WIP= $546,000
Explanation:
Giving the following information:
Beginning work in process inventory $190,000
Cost of goods manufactured 214,000
Total manufacturing costs 570,000
To calculate the ending work in process, we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
214,000= 190,000 + 570,000 - Ending WIP
Ending WIP= $546,000
Answer:
the expected return on the portfolio is 11.55%
Explanation:
The computation of the expected return on the portfolio is shown below:
= Respected Probabilities × respected return
= (0.35 × 0.09) + (0.2 × 0.15) + (0.45 × 0.12)
= 0.0315 + 0.03 + 0.054
= 0.1155
= 11.55%
hence, the expected return on the portfolio is 11.55%
