Answer:
$169.07
Explanation:
Data provided in the question:
Loan amount = $29,000
Time = 10 years
Interest rate = 7% compounded monthly
Therefore,
Interest rate per period, r = 7% ÷ 12 = 0.583% = 0.00583
number of periods, n = 10 × 12 = 120 months
Now,
Loan amount = Monthly payments × [ { 1 - (1 + r )⁻ⁿ } ÷ r]
on substituting the respective values, we get
$29,000 = Monthly payments × [ { 1 - (1 + 0.00583 )⁻¹²⁰ } ÷ 0.00583]
or
$29,000 = Monthly payments × 171.53
or
Monthly payments = $169.07
Answer:
Ending RE 153,000
Explanation:
Retained Earning will be calcualte as follows:
We need to solve for the net incoem in order to solve for ending Retained Rearnings (RE)
Net Income: Revenues - Expenses
Service Revenue 280,000
Salaries Expense (62,000)
Depreciation Expense (5,900)
Supplies Expense (14,000)
Insurance Expense (14,600)
Utilities Expense <u> (20,000) </u>
Net Income 163,500
Retained Earnings 11,500
Net Income 163,500
Dividends (22,000)
Ending RE 153,000
Answer:
Return on Investment is 12%.
Explanation:
Net income = Dividend = $0.60
Current Value = $33
Original Value = #30
Formula for Return on Investment:
Return on Investment = (Net Income + (Current Value - Original Value)) / Original Value x 100
ROI = (($0.60 + ( $33 - $30 ) ) / $30 ) x 100
ROI = (($0.60 + $3 ) / $30 ) x 100
ROI = ( $3.60 / $30 ) x 100
ROI = 0.12 x 100
ROI = 12%
So Return on Investment is 12% for the given investment.
Answer:
- No job uses more than one machine simultaneously
.
-
No machine processes more than one job simultaneously.
- Only 3 hours will be needed to complete the jobs.
Explanation:
However, Job 2 can be completed at time 3 which is late by 1 hour.
Suppose that the processing times are exponentially distributed.
Let
- The processing rate of job j on machine 1
- The processing rate of job j on machine 2
Expected make span is minimized by processing the jobs in the descending (high to low) order of processing
Make span is the completion time of the last job processed. Although make span is defined as a completion time of a job, it actually measures how long the production facility should remain open.
They show for a few days or months
