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Amanda [17]
2 years ago
8

PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!

Business
2 answers:
elixir [45]2 years ago
8 0

Answer:

a. the approximate triple in value

hope it helps :)

FinnZ [79.3K]2 years ago
8 0

Answer:

B

Explanation:

So, lets go over what the rule of 72 is.

First off, the formula is: t=\frac{72}{r}

The t stands for time in years.

The r stands for the intrest percentage.

So bascially, t is just 72 divided by the intrest rate.

So we know what the forumla/varaibles is, but what is it used for?

Well, lets plug in a number and see.

How about we go with an intrest rate of 8%? This is the most accurate percentage to use with the rule of 72, and the numbers get more and more inaccurate as you go higher or lower than this percentage:

t=72/8

=

t=9

So we know that it takes 9 years to do...what exactly?

Well, lets see, if you multiply 72 by 108% 9 times, what do you get? Remember that parehteses are important, and if you are testing this on a calculator, you should do 72*(1.08^9):

Well, 1.08 to the ninth power is 1.999

Times this by 72, and you get: 143.28

This is not 100% accurate, but as you can see, its very close to DOUBLING the value.

So, we know that it would take 9 years in this situation to double our value, or in other words:

9 years is the approximent time it takes to double our value, or investment.

This looks almosted exactly like B.

Hope this helps!

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PA15.
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Answer:

                                         Happy Trails

                        Income statement using variable costing

                                                                $                      $  

Sales                                                                         1,900,500                                                                                

Less: Variable costs:

Direct material (27,000 units x $15)        405,000  

Direct labour (27,000 units x $15)           405,000

Variable overhead (27,000 units x $3)   <u>81,000 </u>

                                                                  891,000

Less: Closing stock (8,000 units x $33)  <u>264,000</u>  

                                                                  627,000

Add: Variable selling and administrative <u>133,000</u>       <u>760,000 </u>

Contribution                                                                    1,140,500

Less: Fixed cost:

Fixed production cost (27,000 x $25)         675,000

Fixed selling and administrative expenses 300,000    <u>975,000 </u>

Net profit                                                                           <u>165,500</u>

                           Profit reconciliation statement

                                  Closing stock         Net profit

                                             $                         $

Absorption costing         464,000                365,500

Less: Marginal costing    <u>264,000</u>                <u>165,500 </u>

Difference                        <u>200,000</u>               <u> 200,000</u>

The difference of $200,000 in net profit is as a result of $200,000 difference in closing inventory.

Explanation:

In variable costing, variable costs are deducted from sales so as to obtain contribution margin. Net profit is the difference between contribution and fixed costs. Closing stock is the difference between production units and sales units. Closing stock is valued at marginal cost per unit in variable costing. Marginal cost per unit is the aggregate of all variable cost per unit.

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