Renata has a home loan for $150,000 at 7.5% interest for 30 years and her payment is $987.00 per month (including principal and
1 answer:
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Answer:
annual sum must he set aside $16209.42
Explanation:
given data
engineer wishes = $3 million
retires time = 35 years
nominal interest = 8%
solution
we get here effective annual rate that is
interest rate = ...........1
interest rate =
interest rate = 0.08328 = 8.33%
and
now we get annual sum must he set aside that is
amount = $3 million ×
amount = $3000000 ×
amount = $16209.42
Answer:
A. 300
Explanation:
The computation of the economic order quantity is shown below:
=
where,
Annual demand = 600 bottles × 50 weeks = 30,000 bottles
Carrying cost per bottle = $50 × 40% = $20
And, the ordering cost per order is $30
Now put these values to the above formula
So, the value would equal to
=
= 300 bottles
Hence, option A is correct
Answer: <u><em>Depreciation for the first year = 17825</em></u>
Explanation:
Given:
Machine purchased for $125,000
Salvage value of $10,000
Output = 100,000
First year of operation, Output = 15500
First, we'll evaluate depreciation per unit over the entire life of the machine:
i.e.
Depreciation per unit =
<em>Depreciation per unit = 1.15</em>
Now, we'll compute the depreciation for the first year:
Depreciation for the first year = Depreciation per unit × Output (first year)
Depreciation for the first year = 1.15 × 15500
<u><em>Depreciation for the first year = 17825</em></u>