Answer:
$29,185.98
Explanation:
Compounding and discounting are the methods used to determine the relationship between present and future value.
Compounding is the method used to determine the future worth of an amount today while discounting is the method used to determine the present value of a future amount.
Both are related by
Fv = Pv(1 + r)^n
where Fv = future amount
Pv = present value
r = rate
n = time
Therefore,
35000 = Pv(1 +0.037)^5
Pv = 35000(1 +0.037)^-5
Pv = $29,185.98
You would have to deposit $29,185.98 to be able to make the down payment of $35,000 on a house in 2 years
Answer:
Big Data
Explanation:
Big data is referred toas a set of large data that is complex and so large in volume that traditional way cannot be used to analyze and store.
Answer:
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Answer:
Unitary Direct material cost= $0.16 per bar
Explanation:
Giving the following information:
The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (5,200 bars) are as follows:
Ingredient Quantity Price
Cocoa 400 lbs. $1.25 per lb.
Sugar 80 lbs. $0.40 per lb.
Milk 120 gal. $2.50 per gal.
Unitary Direct material cost= (400/5,200)*1.25 + (80/5,200)*0.40 + (120/5,200)*2.5= $0.16 per bar
Answer:
A. (1), (3), (5)
Explanation:
When deciding on whether the items presented in the Job Offer are relevant or irrelevant, Sarah would need to evaluate and compare between the both Offers.
<u>Base Salary</u>
The base salary offered in both the Job Offers are same. Therefore, this item is irrelevant. Since they both are same it won't matter whichever she selects.
<u>Overtime Compensation</u>
This is different in both the Job Offers. Comp. Time is basically where employers give their employees paid time off in lieu of the overtime they have worked. While in the case of hourly rate, the employees receive additional payment for overtime work. Sarah would have to choose which option is more preferred for her whether extra time or additional payment. This item is therefore relevant.
<u>Moving Allowance</u>
This allowance is equal in each job offers. So, she would receive it in any offer she selects. This item is also irrelevant when making decision on the Job Offer.
<u>Signing Bonus</u>
The signing bonus has been offered in only one of the Job Offers for $2,000. Sarah would need to decide if she would need this bonus or could she forgo the same. This item is relevant.
<u>Job Search Cost</u>
This is basically sunk cost which is not recovered. Therefore, it is irrelevant when making the decision for the Job Offer.
Hence, the base salary, moving allowance and job search cost are irrelevant for Sarah when making decision for the Job offer.
