Answer:
It will take 8 years and 113 days.
Explanation:
Giving the following information:
How many years will it take for an initial investment of $50,000 to grow to $75,000.
We need to use a variation of the future value formula:
FV= PV*(1+i)^n
Isolation n:
n=[ln(FV/PV)]/ln(1+r)
n= [ln(75000/50,000)] / ln(1.05)= 8.31
To be more accurate:
0.31*365= 113
It will take 8 years and 113 days.
Answer:
If company uses weighted average method, then equivalent unit of direct material = Units completed + units in ending WIP
= 33,000 + 13,700
= 46,700 units
If company uses FIFO method, then equivalant unit of direct material = Unit started and completed + Units in ending WIP
= 33,000 - 11,200 + 13,700
= 35,500 units
Answer
The answer and procedures of the exercise are attached in athe following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
Option "b"$55000 is correct.
Explanation:
Below is the given values:
Starting raw material = $30000
Pruchased material = $65000
Raw material at the end = 40000
Now calculate the raw material used:
Raw material used = Starting raw material + purchases - ending raw material
Raw material used = 30000 + 65000 - 40000
Raw material used = 95000 - 4000
Raw material used = $55000
Thus option "b"$55000 is correct.
