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Lina20 [59]
2 years ago
11

How much would you need to deposit in an account now in order to have $3000 in the account in 15 years

Business
1 answer:
Anika [276]2 years ago
6 0

Answer:

Results are below.

Explanation:

Giving the following information:

Future value= $3,000

Number of periods= 15 years

I will assume an interest rate of 8% compounded annually.

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

PV= FV/(1+i)^n

PV= 3,000/1.08^15

PV= $945.73

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Turner Inc. produces two products P1 and P2. The company has provided you with the following information. Assume that the curren
Nesterboy [21]

Answer:

B. The operating leverage for Turner now is 0.47  ⇒ TRUE

operating leverage = fixed costs / total costs = $240,000 / $510,000 = 0.47

C. Turner makes a contribution of $0. 57 per dollar of revenue, on the average.  ⇒ TRUE

total contribution margin = ($20 x 9,000) + ($30 x 6,000) = $180,000 + $180,000 = $360,000

total revenue = $630,000

contribution margin per $ of revenue = $360,000 / $630,000 = $0.57

D. Turner will break even when it reaches a revenue of $420,000.  ⇒ TRUE

break even point in $ = (6,000 x $30) + (4,000 x $60) = $180,000 + $240,000 = $420,000

Explanation:

A. 40% of Turner's revenue comes from P2  ⇒ FALSE

total revenue = $270,000 + $360,000 = $630,000

revenue from P2 = $360,000, which represents 57.14% of total revenue

E. The breakeven volume for Turner is 9,334 units ⇒ FALSE

in order to calculate break even point, we can prepare a bundle of products = 3P1 + 2P2

contribution margin per bundle = $120

break even point = $240,000 / $120 = 2,000 bundles

6,000 P1 and 4,000 P2

7 0
2 years ago
New investors may want to consider _______ funds, which are mutual funds that invest in one particular kind of stock or a partic
Bond [772]

Answer:

B. index

Explanation:

New investors may want to consider to invest in index funds because they focus on a particular sector of the market or a particular type of bond, or indexes may follow and try to reciprocate the market for eg the. The purpose of an index fund is to copy and reciprocate the performance of a market index .

3 0
3 years ago
. A one-product firm estimates that its daily total cost function (in suitable units) is C (x) = x^3 - 6x^2 + 13x + 15 and its t
givi [52]

Answer:

Value of x maximising profit : x = 5

Explanation:

Cost : C(x) = x^3 - 6x^2 + 13x + 15 ; Revenue: R(x) = 28x

Profit : Revenue - Cost = R(x) - C(x)

28x - [x^3 - 6x^2 + 13x + 15]  = 28x - x^3 + 6x^2 - 13x - 15

= - x^3 +  6x^2 + 15x - 15

To find value of 'x' that maximises total profit , we differentiate total profit function with respect to x & find that x value.

dTP/dx = - 3x^2 + 12x + 15 = 0 ► 3x^2 - 12x - 15 = 0

3x^2 + 3x - 15x - 15 = 0  ► 3x (x +1) - 15 (x + 1) = 0 ► (x+1) (3x-15) = 0

x + 1 = 0 ∴ x = -1   [Rejected, production quantity cant be negative] ;

3x - 15 = 0 ∴ 3x = 15 ∴ x = 15/3 = 5

Double derivate : d^2TP/dx^2 = - 6x + 12

d^2TP/dx^2  i.e - 6x + 12  at x = 5 is -6(5) + 12 = - 30+ 12 = -8 which is negative. So profit function is maximum at x = 5

8 0
3 years ago
How do you change your profile name on brainly?
sergejj [24]

Answer:

i don't think your able to...

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2 years ago
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