Discuss the importance of innovation in the survival and success of a business. Include three strategies that you, as an entrepr
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Answer:
The annual scholarship payment = $5,693.25
Explanation:
Data Given:
In this question, we are required to calculate the future value up till 9th year and then
Donating Amount = $100,000
Time period = 9 years
Note: Here in this question, interest rate is not given without which this question is incomplete. However, I have found similar question on the internet and will be using its interest rate to solve this question for the sake of understanding and concept.
So, the interest we use will be = 4%
Formula for the future value:
FV = Present Value
Present value = $100,000
n = 9 years
r = 4% = 0.04
FV = 100,000
FV = 100,000 x 1.4233118
FV = Future Value = $142,331.18
The annual scholarship payment = FV * r
The annual scholarship payment = 142,331.18 * 0.04
The annual scholarship payment = 5,693.247
The annual scholarship payment = $5,693.25
The correct answer is $35750
The amount of depreciation that should be allocated to drilling for the current period is $35750
<h3>How does depreciation work?</h3>Depreciation is the process of subtracting the entire cost of an expensive item you purchased for your company. However, you write off portions of it over time rather than completing it altogether in one tax year. Depreciating assets gives you more control over your budget because you may schedule how much money is written off annually.
<h3>How much depreciation should be devoted to drilling throughout the current time frame?</h3>Office costs: Salaries are $30,000, depreciation is $20,000, and advertising is $40,000. The total number of employees for drilling and grinding is 2500.
The overall net sales for drilling are 375 000, for grinding they are 450 000.
Drilling costs are 75,000, grinding costs are 125,000, and overall costs are 200000.
then,
Salaries: $30,000×=$12,000
Depreciation: $20,000×=$7,500
Advertising: $40,000× =$16,250
Total $35,750
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question options are wrong the correct question is:
marks corporation has two operating departments, drilling and grinding, and an office. the three categories of office expenses are allocated to the two operating departments using different allocation bases. the following information is available for the current period: office expenses total allocation base salaries $ 30,000 number of employees depreciation 20,000 cost of goods sold advertising 40,000 percentage of total sales department number of employees sales cost of goods sold drilling 1,000 $ 325,000 $ 75,000 grinding 1,500 475,000 125,000 total 2,500 $ 800,000 $ 200,000 the amount of depreciation that should be allocated to drilling for the current period is: multiple choice $25,000. $12,500. $7,500. $20,000. $35750. this is a correct option.