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3 years ago

You want to be a millionaire when you retire in 40 years.

Business

1 answer:

Sedaia [141]3 years ago

7 0

Answer:

a. FV = $1,000,000

rate = 9.7%

n = 40 periods

FVIFA = [(1 + 0.097)⁴⁰ - 1] / 0.097 = 407.9960231

annual savings = $1,000,000 / 407.9960231 = $2,451.00

b. FV = $1,000,000

rate = 9.7%

n = 30 periods

FVIFA = [(1 + 0.097)³⁰ - 1] / 0.097 = 155.4306295

annual savings = $1,000,000 / 155.4306295 = $6,433.74

FV = $1,000,000

rate = 9.7%

n = 20 periods

FVIFA = [(1 + 0.097)²⁰ - 1] / 0.097 = 55.35978429

annual savings = $1,000,000 / 55.35978429 = $18,063.65

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How is the scientific method similar to or different from superstition,guessing,intuition,hope?

CaHeK987 [17]

Scientific method involves ways in which you would solve something while the others are just assuming or wondering what could happen.

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3 years ago

Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: M N O Unit sal

Ivahew [28]

Answer:

The answer is 629,000.

Explanation:

For each unit of M sold, the price is 7 and the cost is 3, so the contribution margin is 4;

For each unit of N sold, the price is 4 and the cost is 2, so the contribution margin is 2;

For each unit of O sold, the price is 6 and the cost is 3, so the contribution margin is 3;
With the mix, 1 unit of sale contributes (contribution per mix) 3*M+1*N+2*O = 3*4+1*2+2*3 = 20

For covering the 340,000 of fixed costs, you have to sale 340,000/20 units. That's equal to 17,000 units.

Each unit of sales is equal to (price per mix) 7*M+4*N+6*O = 7*3+4*1+6*2 = 37. So, with 17,000 units, the total sales will be 17,000 * 37 = 629,000.

3 0

3 years ago

A company uses a process cost accounting system. Its Sewing Department's beginning inventory consisted of 50,000 units (1/4 comp

Mandarinka [93]

Answer:

B Direct Materials 210,000; Conversion Cost 180,000

Explanation:

beginning inventory 50,000

start and finished 120,000

Complete and trasnferred-out 170,000

Convesion Cost:

Coplete and transferred-out 170,000

Ending Inventory 40,000 x 1/4 = 10,000

CC equivalent units 180,000

DIrect Materials

Coplete and transferred-out 170,000

Ending Inventory 40,000x100% = 40,000

DM equivalent units 210,000

<u>Under W-A method we justdiscriminate on transferred-out and ending work in process.</u>

We don't do the difference between started and finished and beginning inventory.

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3 years ago

In two or three sentences, describe how you would use some of the budgeting tools to help manage your money.

Bas_tet [7]

Answer:

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Explanation:

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2 years ago

Tech distractions do not include answer your phone while driving changing the radio station while driving fiddling with air-cond

Inessa [10]

<h2>The given statement is false. </h2>

Explanation:

If the driver has set the phone to "do not disturb" then definitely the notification that he gets through various apps will be kept silent, calls will reach voice mail and we will be notified with missed calls and our screen will be blank when the call is received. But this do not disturb mode does not control the air-conditioning of the car or blocking the driver from changing the radio station.

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3 years ago