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GarryVolchara [31]
3 years ago
5

Nevis Motors manufactures a product requiring 0.5 ounces of platinum per unit. The cost of platinum is approximately $430 per ou

nce; the company maintains an ending platinum inventory equal to 10% of the following month's production usage. The following data were taken from the most recent quarterly production budget: July August September Planned production in units 3,000 3,100 2,980 The cost of platinum to be purchased to support August production is: Multiple Choice $663,920. $666,500. $669,080.
Business
1 answer:
Zolol [24]3 years ago
4 0

Answer:

the  cost of the platinum to be purchased on august is $663,920

Explanation:

The computation of the cost of the platinum to be purchased on august is shown below:

= (August production - july - september) × required ounces × cost per ounce

= (3,100 - 310 + 298) × 0.5 × $430

= $663,920

hence, the  cost of the platinum to be purchased on august is $663,920

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1 year ago
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false

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3 years ago
Ferdinand’s employer will match 50% of his $250 monthly contributions to his 401(k). This means that Ferdinand’s employer will p
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Answer and Explanation:

The computation of the given question is shown below:-

Total Contributions = Monthly contribution + Amount invested in Ferdinand’s 401(k)

= $250 + $125

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1. Future Value = PMT [((1 + r)n - 1) ÷ r

Future value = 375 × ((1 + 0.03 ÷ 12) × 12 × 40 - 1) ÷ (0.03 ÷ 12)

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2. Ferdinand deposit = Given Amount × Total number of months in a year × Number of years

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3 years ago
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Answer:

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3 years ago
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