Students usually attend a vocational school for _____ years or less.<br> A.1 B.2 C.3 D.4

lesya692 [45]

Distribution and Logistics

7 0

3 years ago

Mr. West wishes to purchase a condominium for $240,000 in cash upon his retirement 10 years from now. How much should he deposit

Oduvanchick [21]

Answer:

He should deposit $1,744.37 at the end of each month.

Explanation:

This can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FV = M * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value or the of condominium = $240,000

M = Monthly payment = ?

r = monthly interest rate = 2.7% / 12 = 0.027 / 12 = 0.00225

n = number of months = 10 years * 12 months = 120

Substituting the values into equation (1) and solve for M, we have:

$240,000 = M * (((1 + 0.00225)^120 - 1) / 0.00225)

$240,000 = M * 137.585424499073

M = $240,000 / 137.585424499073

M = $1,744.37

Therefore, he should deposit $1,744.37 at the end of each month.

8 0

3 years ago

The manager provided the following information. Direct manufacturing labor hours: 2,400 hours Actual units produced: 12,000 unit

Naya [18.7K]

Answer:

Labor efficiency variance = $5,760 (Favorable)

Explanation:

We know,

Labor efficiency variance = (Standard hour - Accrual hour) × Standard rate

Given,

Accrual hour = 2,400

Standard hour = Budgeted direct manufacturing labor hours × Actual units produced

or, Standard hour = 0.22 × 12,000

Standard hour = 2,640 hours.

Standard rate = $24.

Putting the values into the formula, we can get

Labor efficiency variance = (2,640 - 2,400) hours × $24

Labor efficiency variance = 240 × $24

Labor efficiency variance = $5,760 (Favorable)

As standard hours is higher then actual hours, it is a favorable situation.

7 0

3 years ago

Suppose a commercial banking system has $240,000 of outstanding checkable deposits and actual reserves of $85,000. If the reserv

AleksAgata [21]

Answer:

$60,000

Explanation:

The computation of Money supply expand is shown below:-

Excess reserves = Actual - required

=$85,000 - (0.25 × $240,000)

=$85,000 - $60,000

= $15,000

Money supply expand = Excess reserves ÷ Reserve ratio percentage

= $15,000 ÷ 25%

= $60,000

Therefore for computing the money supply expand we simply deduct the reserve ratio percentage from excess reserves.

6 0

3 years ago

Seppo consumes brandy and saunas. Neither is an inferior good. Seppo has a total of $30 a day and 6 hours a day to spend on bran

bearhunter [10]

Answer: consume both products at the same rate as before his inheritance.

Explanation: Seppo is a rational spender. This means that although Seppo has more money to spend on brandy and saunas, Seppo will only spend money on what Seppo needs. Seppo's inheritance will not change the amount of hours that are available in a day. Seppo will still only have 6 hours to spend, and will consume the products based on the amount of time Seppo has, instead of the extra cash Seppo can spend on these products. This means that although Seppo has more money, Seppo will still consume the same amount of products as before, as Seppo is a rational consumer who likes to weigh rational consumption choices.

4 0

3 years ago

Students usually attend a vocational school for _____ years or less. A.1 B.2 C.3 D.4