Answer:
Annual deposit= $4,143.66
Explanation:
Giving the following information:
You need to have saved $1,000,000 in 30 years. You can invest in a retirement account that guarantees you a 12% annual return.
To calculate the annual deposit needed to achieve the objective, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,000,000*0.12)/ [(1.12^30)-1]= $4,143.66
Answer:
The sales price per unit will be $6.75.
Explanation:
The break even point is where the total revenue is total cost such that profit equals zero.
The break even level of output is 5,000 units.
The fixed costs is $30,000.
The variable cost per unit is $.75.
The total variable cost is
=
= $3750
The total cost will be
= $30,000 + $3,750
= $33,750
Which is also equal to total revenue
Now,
Total revenue =
$33,750 =
Price =
Price = $6.75
The answer would be that the answer is true
Answer:
Break-even point in dollar sales
= <u>Fixed cost</u>
Contribution margin ratio
Product T
Contribution margin ratio
= <u>Contribution</u>
Sales
= <u>$408,000</u>
$1,020,000
= 0.40
Break-even point in dollar sales
= <u>$258,000</u>
0.4
=$645,000
Product O
Contribution margin ratio
= <u>$816,000</u>
$1,020,000
= 0.80
Break-even point in dollar sales
= <u>$666,000</u>
0.80
= $832,500
Explanation:
In this case, we need to calculate the contribution margin ratio of the two products, which is the ratio of contribution to sales. Then, we will determine the break-even point in dollar sales, which equals fixed cost divided by contribution margin ratio.
Answer:
Option D
Explanation:
In simple words, A determined currency rate, also called a fixed currency value, refers to the form of exchange rate regimes during which a currency agency sets or pegs the value of the currency against both the value of yet another currencies, a combination of other currencies, or another value factor, like gold.
Thus, in order to keep the currency at a fixed level the monetary authority must increase their liability also but on a domestic level only as two accounts are considered to be separate in such systems.