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Delicious77 [7]
3 years ago
6

Retirement Investment Advisors, Inc., has just offered you an annual interest rate of 4 percent until you retire in 40 years. Yo

u believe that interest rates will increase over the next year and you would be offered 4.6 percent per year one year from today. If you plan to deposit $11,000 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit
Business
1 answer:
Shtirlitz [24]3 years ago
5 0

Answer:

$10,741

Explanation:

The computation of the more amount is shown below;

Here we have to determine the future value i.e.

As we know that

Future value = Present value × (1 + rate of interest)^number of years

For option A

= $11,000 × (1 + 0.04)^40

= $52,811

For option B

= $11,000 × (1 + 0.046)^39

= $63,552

Now the more amount is

= $63,552 - $52,811

= $10,741

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Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.2 pound
Eduardwww [97]

Answer and Explanation:

The computation of the contribution margin per pound for each of the three products is shown below:

As we know that

Selling price per pound - Variable cost per pound = Contribution margin

For Product K1

= $155.8 - $91

= $64.8

For Product S5

= $108.92 - $90

= $18.92

For Product G9

=$205.55 - $136

= $69.55

Now the contribution margin per pound is  

For Product K1 = Contribution margin ÷ Pound  

                       = 64.8 ÷ 4.2  

                       = 15.43 per pound

For Product S5 =  Contribution margin ÷ Pound  

                        = 18.92 ÷ 4.1  

                        = 4.61 per pound

For Product G9 = Contribution margin ÷ Pound

                          = 69.55 ÷ 5.3

                          = 13.22 per pound

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3 years ago
Match the career with the education that the job requires.
natita [175]

I am figuring this question out for you! one moment please

Explanation:

8 0
3 years ago
In responsibility accounting, unit managers are evaluated only on things that they can:________
hammer [34]

Answer: have control over

Explanation:

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Responsibility accounting has to.do with the internal accounting for the responsibility center that the company has and their budgeting.

In responsibility accounting, unit managers are evaluated only on things that they can control or have control over.

7 0
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Being ________ means knowing what computers can do and what they can't, knowing how they can benefit you and how they can harm y
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Veronika [31]

Answer: He would have sales based on his appraisal and would use tax collection based on he has commercial domicile there

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