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skad [1K]
2 years ago
9

Felipe's grandparents have given him $1,500.00 to invest while he is in college to begin his retirement fund. He will earn 2.3%

interest, compounded annually. What will his investment be worth at the end of 4 years.
Business
1 answer:
deff fn [24]2 years ago
8 0

Answer:

$1,642.83

Explanation:

The amount after four years can be calculated using the formula below

A = P(1 +r)^n

where A= amount

P = Principal amount $1500

r= interest 2.3% or 0.023

n = time in year; 4

A = $1500(1 + 0.023)^4

A= $1500(1.023)^4

A=$1500x 1.095222

A=$1,642.83

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Answer:

production schedule for July = 815 10-inch skillets

Explanation:

price of 10-inch skillet $28

projected sales 625 units

costs:

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beginning inventory 60 units

ending inventory 40% of August sales

production during July = (projected sales - beginning inventory) + (40% x projected sales August) = (625 units - 60 units) + (40% x 625 units) = 565 units + 250 units = 815 10-inch skillets

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2 years ago
Q1. Big Money Monster is a business school. The school bases its budgets on two measures of activity: number of students and num
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Answer:

Big Money Monster

The spending variance for course supplies is:

$50 Unfavorable.

Explanation:

a) Data and Calculations:

                                       Fixed cost   Variable cost   Variable cost    Total

                                       per month    per student     per course

Faculty wages                   $4,000             $0                   $20

Course supplies                $1,000             $10                  $50

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Budgeted number of courses = 15

Actual number of students = 280

Actual number of courses = 18

Actual Faculty wages = $4,200

Actual Course supplies = $4,800

Budgeted Costs:

                                       Fixed cost   Variable cost   Variable cost    Total

                                       per month    per student     per course

Faculty wages                   $4,000             $0                   $20          $4,300

Course supplies                $1,000             $10                  $50            4,750

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Course supplies = $1,000 + $10 * 300 + $50 * 15 = $4,750

Administrative expenses = $2,000 + $20 * 300 + $30 * 15 = $8,450

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Actual Cost of Course Supplies =         4,800

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Effect happens when the place a product was manufactured influences how consumers perceive the product.  Country of Origin

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Learn more about country of origin:

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1 year ago
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