1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mel-nik [20]
3 years ago
15

One year ago, Deltona Motor Parts deposited $17,500 in an investment account for the purpose of buying new equipment three years

from today. Today, it is adding another $21,000 to this account. The company plans on making a final deposit of $13,000 to the account one year from today. How much will be available when it is ready to buy the equipment, assuming the account pays 5.5 interest
Business
1 answer:
Ulleksa [173]3 years ago
7 0

Answer:

$58,445.13

Explanation:

Calculation for How much will be available when it is ready to buy the equipment, assuming the account pays 5.5 interest

Using this formula

FV= PV*(1+i)^n

Let plug in the formula

First deposit= 17,500*(1.055^4)

First deposit= $19,316.73

Second deposit=21 ,000*(1.055^3)

Second deposit= $24,659.07

Third deposit= 13,000*(1.055^2)=

Third deposit=$14,469.33

Total= $58,445.13

Therefore How much will be available when it is ready to buy the equipment, assuming the account pays 5.5 interest is $58,445.13

You might be interested in
DiskSan has to order flash transistors ($5 each) to create USB flash memory drives. Their monthly demand is 10,000 units, their
Bingel [31]

Answer

Economic order quantity will be 447.21

Explanation:

We have given monthly demand = 10000 units

We know that 1 year = 12 month

So Annual demand (D) = monthly demand × 12 months = 10000 × 12 = 120000 units

Cost of transistor = $5 per unit

Monthly Holding cost = 10% of cost = 10% of $5 = $0.50

So annual holding cost (H) = monthly holding cost × 12 = $0.50 × 12 = $6

Setup cost(S) = $5

We know that economic order quantity is given by

Economic order quantity = \sqrt{\frac{2DS}{H}}=\sqrt{\frac{2\times 12000\times 5}{6}}=447.21

7 0
4 years ago
Under a perpetual inventory system, the amount of each type of merchandise on hand is available in the
madam [21]
The inventory ledger contains the data regarding the amount of each type of merchandise a company has. To add up, the inventory ledger is the record in which its main function is to "track inventory transactions." It is important that the contents of the inventory ledger should coincide with the general ledger.
5 0
3 years ago
Next year, Celebrity wishes to increase the unit selling price to $110. Shipping will change to 2.5% of sales. Cost of goods sol
RSB [31]

Answer:

net income increased by $1,537.50

Explanation:

Obviously, the original income statement is missing, so I looked for a similar question:

sales revenue                                 $16,500

COGS                                              <u>($9,300)</u>

Gross profit                                      $7,200

Operating exp.:

  • Administrative $950
  • Depreciation $1,300
  • Shipping $412.50             <u>($2,662.50)</u>

Net income                                 $4,537.50

net income increased by $4,537.50 - $3,000 = $1,537.50

8 0
3 years ago
I need help. My bunny died a few months ago. We had him for abt 11 and a half years. When i was sad or mad or just wanted to get
kolbaska11 [484]
I would try accepting the cat slowly just by like talking to her every now and then, or getting a stuffed animal that looks like the bunny to try talking to
3 0
3 years ago
Read 2 more answers
Sigmund Jewelers creates inexpensive costume necklaces, bracelets, and rings. As a way to save costs on sending out these small
777dan777 [17]

Answer:

shipment consolidation

Explanation:

The primary aim of the consolidation of shipments is to evaluate cost control and cost control. The aggregation of shipments allows individuals or businesses to save costs thereby integrating several products from different shippers into one shipment.

Therefore in the given case, since the company wants to combine 10 to 12 different orders into one shipment so that the company could save the cost

Hence, the shipment consolidation is correct

6 0
3 years ago
Other questions:
  • . How does the deforestation of rain forests impact global markets?. . . Global markets dictate the economy of developing countr
    9·2 answers
  • Five Seasons is a merchandiser of packed foods. The company provides the following information for the​ year: Sales Revenue $ 15
    13·1 answer
  • Which of these individuals is classified as unemployed? ( pick more then 1 )
    11·2 answers
  • The relevant range of activity refers to the_______________.
    13·1 answer
  • Sales revenue $900,000 Cost of goods sold 625,000 Sales discounts 30,000 Sales returns and allowances 15,000 Operating expenses
    11·2 answers
  • The table shows a schedule of Igor's payment plan for a used car.
    9·1 answer
  • Foreign investment in U.S. companies continues to be strong. When Belgian-based In-Bev purchased the largest beer company in the
    14·1 answer
  • Answer and I give u brainliest and extra pts
    6·1 answer
  • A. State and describe the concept that leads to "conflict of goals between a firm's managers and its shareholders. Give a modern
    8·1 answer
  • QUESTION TWO
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!