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kondor19780726 [428]
3 years ago
10

Jose graduated in engineering 5 years ago. Hisemployer will give him a raise of $10,000 per yearif he passes the PE exam (Profes

sional Engineer).(a) Over a career of 35 years, what is the presentworth of the raise if the interest rate is 8%
Business
1 answer:
Verdich [7]3 years ago
3 0

Answer:

$116,545.68

Explanation:

The first step is to find the future value of the annuity

The formula for calculating future value = A (B / r) B = [(1 + r)^n] - 1

[(1.08)^35 - 1 ] / 0.08 = 172.316804

172.316804 X $10,000 = $1,723,168.04

The second step is to calculate the present value

PV = FVx ( 1 + r)^-n

= $1,723,168.04 x(1.08)^-35 = $116,545.68

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Johnson Trucking Company wants to determine a fuel surcharge to add to its customers' bills based on the number of miles driven
BARSIC [14]

Answer:

Variable cost per unit= $1.16 per mile

Explanation:

Giving the following information:

January 16,200 $22,650

February 17000 $23,250

March 18400 $25,450

Apri 16500 $22,875

May 17400 $23,550

June 15300 $21,850

<u>To calculate the variable cost per mile under the high-low method, we need to use the following formula:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (25,450 - 21,850) / (18,400 - 15,300)

Variable cost per unit= $1.16 per mile

7 0
3 years ago
Assume that the demand curve for a certain good is a vertical line. This vertical demand curve illustrates the idea that:
ladessa [460]

Answer:

e.people will not change the quantity of the good when the price of the good is changed.

Explanation:

When the demand curve for a good is vertical, it indicates that the demand for the good is perfectly inelastic ; a change in price has no effect on the quantity demanded.

Goods with perfect inelasticity usually have no or little close subsituites.

I hope my answer helps you

6 0
2 years ago
During the past year, a company reported net income of $230,000. Depreciation expense was $22,000. In December the company recei
tamaranim1 [39]

Answer: $259000

Explanation:

Based on the information provided in the question, the amount of cash provided by operating activities that should appear on a statement of cash flows would be:

Net income = $230,000

Add: Depreciation expense = $22,000

Add: Rent = $7000

Total = $259,000

8 0
3 years ago
Katherine Connor started her day with a cup of coffee while reading the newspaper.However, something about the day makes her fee
11Alexandr11 [23.1K]

Answer:

Mood

Explanation:

Mood is ones present states of mind. This present states of mind controls one's reaction that are visible to others. For example when one is in a good mood, he tends to be cheerful, smile often and happy but when one is in a bad mood like Katherine Conor, one tends to be unhappy,distracted and easily angered.

4 0
3 years ago
What are the biggest problems of scarcity in the US? What problems have they caused? How does scarcity impact you?
liraira [26]

Answer:

Many people believe that the United States is the land of opportunity, and that anyone can succeed

with hard work and intelligence. Concurrently, we often assume that people are poor because they lack

the willpower or intellect to work hard and make the correct decisions. However, new research shows

how a scarcity of resources, including financial resources, shapes everyone’s decisions and behaviors

Explanation:

4 0
2 years ago
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