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Mashcka [7]
3 years ago
13

What is the present value of an annuity that pays $58 per year for 13 years and an additional $1,000 with the final payment

Business
1 answer:
Doss [256]3 years ago
6 0

Answer:

$882.03

Explanation:

Interest rate used is 7.23%

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 to 12 = 58

cash flow in year 13 = 1058

I = 7.23

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

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Fynjy0 [20]

Answer:

Overhead absorption rate = Budgeted overhead

                                              Budgeted machine hours

                                            = $36,000/90,000 hrs

                                           = $0.4 per machine hour

The amount of manufacturing overhead to be allocated to the job

= $0.4 x 900 machine hours

= $360

Explanation:

There is need to calculate the overhead absorption rate which is budgeted manufacturing overhead divided by budgeted activity level.

Then, we will multiply the overhead absorption rate by the actual machine hours of 900 hours.

8 0
3 years ago
. Which type of credit requires that borrowers carefully manage the debt so it doesn't get out of control? Explain why this type
Nata [24]

Answer:

The type of credit that requires borrowers to carefully manage debt so that it doesn't get out of control is revolving credit. The customer can purchase anything they want up to a certain amount each month, and if the borrower does not carefully manage their revolving credit, it could get out of control.

4 0
3 years ago
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Perle, a dentist, billed Wood $600 for dental services. Wood paid Perle $200 cash and built a bookcase for Perle’s office in ful
Naddika [18.5K]

Answer:$600

Explanation:

The full amount of$600 will be credited to Perle as his service income on completion of the dental services and debited to wood account as a debtor.

The $200 will reduce the debt to $400 , the $400 which will be recorded through a journal by debiting bookcase and crediting Wood.

Narration. Recognition of bookcase built as debt payment.

7 0
3 years ago
Operations management is the set of activities that creates value in the form of goods and services by transforming true or fals
Basile [38]

Operations management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. - True.

Operations management (OM) is the administration of enterprise practices to create the very best level of efficiency viable inside an business enterprise. it's far concerned with converting materials and exertions into items and offerings as effectively as viable to maximize the income of an business enterprise.

What are the three kinds of operations management?

Operations management consists of three ranges: strategic, tactical, and operational

What are the key factors of Operations management?

The important thing elements of Operations management are; Product choice and layout: The proper sort of products and accurate designs of the goods are crucial for the achievement of an agency. A wrong choice of the product and/or negative design of the products can render the employer's operation useless and non-competitive.

What do you examine in operations management?

Blanketed in operations management is the whole thing involved in turning raw materials into deliverable service or product. this may include designing manufacturing structures, employee schooling, centers planning, deliver chain control, stock control, product layout, best control and much more.

Learn more about Operations management here:- brainly.com/question/1382997

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8 0
1 year ago
A diverse team will almost always have _____ than a homogeneous team. more extensive external contacts lesser cognitive resource
AfilCa [17]

Answer: more extensive external contacts

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Team diversity has to do with the differences that the members of a particular team have. Such differences can be due to religion, nationality, age etc. .

It should be noted that diverse team will almost always have more extensive external contacts than a homogeneous team.

6 0
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