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4 years ago

Compute the amount that a $42,000 investment today would accumulate at 11% (compound interest) by the end of 6 years.

Business

1 answer:

kap26 [50]4 years ago

6 0

Answer:

FV= $78,557.41

Explanation:

Giving the following information:

Initial investment (PV)= $42,000

Interest rate (i)= 11% = 0.11

Number of periods= 6 years

<u>To calculate the future value (FV), we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 42,000* (1.11^6)

FV= $78,557.41

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Which of the following statements are true concerning the predetermined overhead rate when the direct labor-hour requirement for

In-s [12.5K]

Answer: The predetermined overhead rate increased because the total direct labor-hours dropped

Explanation:

The predetermined overhead rate refers to an allocation rate which is used in applying the estimated manufacturing overhead cost to the cost objects for a particular reporting period.

When there's reduction in the direct labor-hour requirement from 5 hours to 2 hours, the predetermined overhead rate increased because the total direct labor-hours dropped

The predetermined overhead rate is calculated as the total overhead cost divided by the machine hour. Therefore, if there's reduction in the direct labor hour rate, then there will be a rise in the predetermined overhead rate.

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3 years ago

Pollution control equipment for a pulverized coal cyclone furnace is expected to cost $190,000 two years from now and another $1

alexandr1967 [171]

Answer:

$212,882.75

Explanation:

Cost from 2 years now = $190,000

Cost from 9 years now = $120,000

Interest rate = 9% Quarterly

Present Worth = Cost from 2 years now*[1/(1+interest/m)^nm] * Cost from 2 years now*[1/(1+interest/m)^nm]

Present Worth = 190,000*[1/(1+0.09/4)^2*4] + 120,000*[1/(1+0.09/4)^9*4]

Present Worth = 190,000*[1/(1.0225)^8] + 120,000*[1/(1.0225)^36]

Present Worth = 190,000*[1/1.19483] + 120,000*[1/2.22782]

Present Worth = 190,000*0.83693915 + 120,000*0.4488693

Present Worth = 159018.4385 + 53864.316

Present Worth = 212882.7545

Present Worth = $212,882.75

Thus, the amount to invest to cover these cost is $212,882.75

5 0

3 years ago

What is the monthly paycheck of an officer manager whose salary is 57,000 per year

borishaifa [10]

57,000/$12=4,750 hope this helps :)

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3 years ago

Byron is interested in buying an antique vase for his grandmother's birthday. He visits an antique store and buys the first vase

Tresset [83]

Answer:

specialty

Explanation:

Specialty goods are goods with unique characteristics and brand identifications that will motivate a buyer to go to great length or special effort to acquire such a good. Specialty goods require high involvement as the buyer can show high level of brand loyalty to a product and pay a premium just to acquire the brand.

Byron does not visit another store to compare other vases because he already knows the unique characteristics he is looking for which he found in the first vase that he saw and bought. So he purchased a specialty good.

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3 years ago

Oligopolistic firms have been called what as this lesson has mentioned

tia_tia [17]

Answer: B. Cats in a bag

Explanation:

oligopolistic firms is a small number of firms who realize that they all constitute such a small number of firms that they enjoy a lot of power together. so together they are cats in a bag.

7 0

3 years ago