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Lubov Fominskaja [6]
3 years ago
12

Ben Collins plans to buy a house for $180,000. If the real estate in his area is expected to increase in value by 1 percent each

year, what will its approximate value be seven years from now? Use Exhibit 1-A. (Round your FV factor to 3 decimal places and final answer to the nearest whole dollar.)
Business
1 answer:
rjkz [21]3 years ago
6 0

Answer:

The approximate value of the house is 192984

Explanation:

I don't know what you mean by "<em>Use Exhibit 1-A</em>" but you can calculate this as follows

180000 * (1+1%)^7

The general formula of cumulative interest is

A * (1+i)^n

A = Amount

i = interest, in this case 1%

n = number of periods, in this case, 7

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If the expected sales volume for the current period is 25,000 units, the desired ending inventory is 700 units, and the beginnin
cluponka [151]

Answer:

Production= 25,250 units

Explanation:

Giving the following information:

Sales= 25,000 units

ending inventory= 700 units

beginning inventory= 450 units

To calculate the required production for the period, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 25,000 + 700 - 450

Production= 25,250 units

6 0
3 years ago
Is heronation valid will i make money from them
mars1129 [50]
I would definitely be weary. If you can't answer if they're valid on your own, it's probably not!
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3 years ago
All the following were true of the American economy under Cotton Kingdom EXCEPT a the South reaped all the profits from the cott
Lubov Fominskaja [6]

Answer:

a) the South reaped all the profits from the cotton trade.

Explanation:

Cotton grown in the southern states of the US helped to start the industrial revolution in the United Kingdom and northern states in the US. Even though cotton was not grown in northern states, the factories that processed cotton were located there. The south provided the raw materials and the north provided the final processed goods.

4 0
3 years ago
After World War II, the United States sent billions of dollars in foreign aid to help the war-torn nations of Western Europe reb
Mazyrski [523]

Answer:

After World War II, the United States helped rebuild Western Europe.

Explanation:

There was a program known as 'The Marshall Plan' or 'European Recovery Program' started by United States in which it provided help to Western Europe after the World War II. It was passed in 1948 by Secretary of United States 'John Marshall'. According to this program, it gave more than $15 billion as a financial help to Western Europe to rebuild their continent.

Their main purpose was to revive the working economy of the world. Also, Marshall believed that stable government in Europe would depend on economic stability of the people.

7 0
3 years ago
Read 2 more answers
Daffodil Company produces two products, Flower and Planter. Flower is a high-volume item totaling 20,000 units annually. Planter
Nastasia [14]

Answer:

Flower: $500,000

Planter: $300,000

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

We distribute the expected cost over the cost driver:

Expected manufacturing overhead: 800,000

Flowe 20,000   1 hour

Planter 6,000    2 hour

Expected direct labor (20,000 + 12,000) 32,000

800,000 / 32,000 = 25

then we aply the rate to the labor hours of each product

Flower: 20,000 x 25 = 500,000

Planter: 12,000 x 25 =  300,000

7 0
3 years ago
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