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djverab [1.8K]
4 years ago
14

Your mother just received a ​$340,461 inheritance. If she invests her money in a diversified equity portfolio returning 8 percen

t per​ year, approximately how long will it take her to become a​ millionaire?
Business
1 answer:
Effectus [21]4 years ago
5 0

Answer:

14 years

Explanation:

The future value of an investment is given by the following equation:

F = P*(1+r)^t

If your mother is investing an amount of P=$340,461 at a rate r=0.08 and the desired future value is F=$1,000,000, the required time of investment 'n', in years, is:

1,000,000 = 340,461*(1+0.08)^n\\log(\frac{1,000,000}{340,461})=n*log(1.08)\\ n=14\ years

It will take her 14 years to become a millionaire.

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Epsilon Co. can produce a unit of product for the following costs: Direct material $ 7.80 Direct labor 23.80 Overhead 39.00 Tota
Brut [27]

Answer and Explanation:

The computation is shown below:

The relevant cost is

= Direct material + direct labor + avoidable overhead cost

= $7.80 + $23.80 + ($39 × (1 - 0.40))

= $7.80 + $23.80 + $23.40

= $55 per unit

And, the cost of buying the product is $59 per unit

So here the epsilon should choose to make the product as it less than the buying cost

The same is to be considered

5 0
3 years ago
Which of the following is not one of the four basic forms of organizational structure?
grigory [225]

Dafuq is this dumb site. This is some bull the verified answers where always wrong like dafuq is the point.


5 0
3 years ago
Read 2 more answers
Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $118,5
Svetach [21]

Answer:

Explanation:

For passing the journal entry, first, we have to compute the predetermined overhead rate to know that whether the overhead is under applied or over applied.

Predetermine overhead rate = Estimated overhead cost ÷ direct labor cost

= $118,500 ÷ $125,600

=0.94

Now, we can compute the under applied or over applied overhead which is shown below:

= Actual direct labor cost × Pre determined overhead rate - actual overhead

= $115,800 × 0.94 - $108,000

= $108,852 - $108,000

= $852

Since the amount is in positive, so it is over applied overhead and the journal entry is given below:

Manufacturing overhead A/c Dr    $852

       To Cost of goods sold                               $852

(Being over applied overhead closed)

3 0
3 years ago
According to the Job Characteristics Model, _____ refers to the job characteristic that reflects the degree to which a job allow
dezoksy [38]

Answer:

D. autonomy

Explanation:

The job characteristics model consists of 5 core job dimensions. They are :

A. task identity - The degree to which the job requires the jobholders to carry out a job with a visible outcome.

B. task significance - the impact of job on other people.

C. skill variety - it is the different types of activities a job requires that makes a worker develop a variety of skills.

D. autonomy - the degree to which a job allows an individual to make decisions about the way the work is carried out.

E. feedback - degree to which information of performance on work done is communicated.

I hope my answer helps you.

7 0
3 years ago
A $1 increase in government spending on goods and services will have a greater impact on the equilibrium GDP than will a $1 decl
ollegr [7]

Answer:

Government spending creates employment or it employment-intensive as compared to a decline in tax.

Explanation:

Government spending is more employment-intensive as compared to tax. When the government dumps money into the economy then the economy becomes richer than the injected money because it creates employment and increases the aggregate demand. Moreover, GDP will increase more because it depends on the MPC and spending multiplier. While the tax decline is saving intensive when a tax falls then people try to save more.  

7 0
3 years ago
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