What detail will a purchase specification for milk usually include?

Angelo invested $4,000 into two accounts. One account paid 4% interest and the other paid 9% interest. He earns 6% interest on t

inn [45]

Answer:

$2,400 was placed in the account earning 4%, and $1,600 was placed in the account earning 9%

Explanation:

In this case, we have two unknowns, so in order to be solved, we need to find two equations.

We know that amount 1, that we call x, plus amount 2, we call y, is 4000.

x + y = 4000

Also we know, when we add the interest earned on amount 1 to the interest earned on amount 2, the total interest is 6% of 4000, it means: 240

0.04x+0.09y=240

So, we have two equations with two unknowns

x + y = 4000

0.04x+0.09y=240

That we can solve for any method we know. We will use substitution. Lets clear from first equation the unknown x.

x=4000-y

Then, we substitute in second equation

0.04(4000-y)+0.09y=240

And we solve:

160-0.04y+0.09y=240

0.05y=240-160

y=80/0.05=1600

Now we simply plug this into our first equation and solve for x

x+y=4000

x+1600=4000

x=4000-1600

x=2400

So, $2,400 was placed in the account earning 4%, and $1,600 was placed in the account earning 9%

4 0

3 years ago

Your buddy in mechanical engineering has invented a money machine. The main drawback of the machine is that it is slow. It takes

NemiM [27]

Based on the amount it would cost to build the machine and the interest rate as well as the payoff, the following are true:

A. $333
B. $667

a. The machine will take a year to build which means the payoff will only start coming in next year.

First find the present value of the perpetuity:

= 70 / 5%

= $1,400

You then need to find the present value of the above in the current period:

= 1,400 / ( 1 + 5%)

= $1,333

NPV is:

= 1,333 - 1,000 cost

= $333

B. If the amount produced increases by 1%, you should use the Gordon Growth Model:

= Next payoff / ( Interest - Growth)

=70/ ( 5% - 1%)

= $1,750

Take this to current year:

= 1,750 / 1.05

= $1,667

NPV will be:

= 1,667 - 1,000

= $667

Find out more about NPV at brainly.com/question/7254007.

3 0

2 years ago

Which best describes the barrier to trade known as dumping? Destroying shipments of imports to force consumers into purchasing d

Lana71 [14]

Answer: Selling exports abroad at a lower price than the domestic price.

Explanation:

Dumping is a practice in international trade where the country exporting, does so at a price that is lower than the domestic price of the good being exported in the importing country.

This allows the country exporting to gain more market share but can also lead to the collapse of the domestic industry thereby allowing for an export based monopoly to form.

An example would be Japan selling electronics in the U.S. at lower rates to capture market share even though those same electronics commanded a higher price in Japan.

7 0

2 years ago

Would giorno Giovanna be able to defeat jotaro kujo.....explain

Softa [21]

Answer:

None can beat Giorno but Jesus. Bc, he can prob use his powers to give himself the world over heaven. Giorno Giovanna of both the Brando and Joestar bloodlines is the protagonist of part 5 of Jojo's Bizarre Adventure, entitled Golden Wind. Jotaro Kujo may be the most popular JoJo to come out of JoJo's Bizarre Adventure, but he's hardly the strongest. That honor belongs to none other than Giorno Giovanna, the protagonist of Part 5 Vento Aureo, otherwise known as Golden Wind.

Explanation:

6 0

2 years ago

Read 2 more answers

Waterway Corporation purchased a new machine for its assembly process on August 1, 2020. The cost of this machine was $162,900.

satela [25.4K]

Answer:

(a) Straight Line Depreciation for 2020 $ 28,800

(b) Activity Method of Depreciation for 2020 $ 5,616

(c) Sum of the years Depreciation for 2021 $ 38,400

(d) Double declining balance depreciation for 2021 $ 39,096

Explanation:

Computation for requirement (a) - Straight Line Depreciation for 2020

Straight line method considers depreciation on adepreciable base after considering a salvage value and spreads it evenly over the life of the asset.

Cost of machine $ 162,900

Estimated Salvage Value $ 18.900

Depreciable Basis $ 144,000

Estimated Life 5 years

Straight Line Depreciation for 2020 = $ 144,000/5 = $ 28,800

Computation for requirement (b) - Activity Method Depreciation for 2020

Activity method depreciation considers depreciation over the estimated usage of the asset and multiplies by the usage in a given period. The depreciable basis is after considering the salvage value.

Depreciable basis - same as SL depreciation $ 144,000

Usage Life of the machine 20,000 hours

Machine usage for 2020 780 hours

Depreciation on a per hour basis $ 144,000/ 20,000 = $ 7.2 per hour

Depreciation for 2020 on a usage of 780 hours = 780 * $7.20 = $ 5,616

Computation for requirement (c) - Sum of the years digits for 2021

In a sum of the years depreciation method, the sum of the life of the assets are added and considered as a depreciable life. The salvage value is considered in determining the depreciable basis.

Depreciable basis - same as SL depreciation $ 144,000

Estimated life of the asset 5 years

Sum of the years, (5+4+3+2+1) 15

so the first year depreciation shall be 5/15, the next year 4/15 and so on,

We need to compute the depreciation for 2021 which is the second year, so the formula shall be:

4/15 (remaining useful life) * $ 144,000(depreciable basis) = $ 38,400

Computation for requirement (d) - Double declining balance for 2021

In a double declining balance method the depreciation rate (%) is double that of a straight line method. The subsequent years depreciation is on a reduced balance. No salvage value is considered

The first year's depreciation is calculated

Cost of Machine* (2 * Straight Line depreciation %)

$ 162,900* (2 * 20 %) so the depreciation for 2020 would be

$ 162,900 * 40 % = $ 65,160.

For 2021, which is the requirement in our question, the cost would be the reduced value.

Original Cost of the machine $ 162,900

Double Declining balance Depreciation 2020 $ 65,160

Declining Cost basis for 2021 depreciation $ 97,740

Depreciation @ 40 % $ 39,096

6 0

3 years ago