Answer:
$300,00
Explanation:
In a situation where the interest rate is said to be 10% the amount that Martin must provide in order to fund this bequest will therefore be:
Bequest first year $9,000/(Interest rate 10%-
Increase of 7 % per year)
Hence:
$9,000/0.03
=$300,000
Therefore $300,00 will be provided to fund the bequest
Answer:
Profit will increase by $2.3
Explanation:
Data provided in the question:
If instead of grooming 130130 dogs, he grooms 131131 dogs
Marginal cost = $65.82
Marginal revenue = $68.12
Now,
The effect on his profits of grooming 131 dogs instead of 130 dogs will be:
Change in profit = Marginal revenue - Marginal cost
or
Change in profit = $68.12 - $65.82
or
Change in profit = $2.3
Hence,
Profit will increase by $2.3
<span>When trying to finance higher education, one should first turn to scholarships and grants. Scholarships and grants are free money given by either the government or the educational institution that is there to recognize outstanding pupils in the area they are great in. Following that, one should turn to federal student loans as they offer a low interest rate, followed finally by private loans.</span>
Answer:
The decision to choose specific type of vehicle will be based on the mileage, cost, environmental effects and driving experience.
Explanation:
There are two types of vehicles, one operate on gasoline and others operate on electricity. Both of the vehicles are used by the people but since gasoline vehicles are most commonly used people prefer buying this type of vehicle. Electric vehicles are also gaining significance in todays world as it saves natural resource like oil and the vehicle is energy efficient so gives better mileage.
Answer:
B. $2,000
Explanation:
Given;
Total cost of ending inventory = $9,000
Total number of units = 600
Over heads cost = $3,000 and the overhead rate is 75% of direct labor
Let direct labour cost be y
75% × y = 3000
3y/4 = 3000
y = 4 × 3000/3
y = $4,000
Total Inventory cost = direct material cost + direct labour cost + overheads
9000 = direct material cost + 4000 + 3000
direct material cost = 9000 - 7000
= $2,000
