Answer:
1. cost per chair: $86.40
2. selling price per chair: $146.88
Step-by-step explanation:
1. The total cost per chair will be the sum of the cost of materials and the overhead cost (equipment, energy, labor, marketing). The cost of materials is ...
$500/(16 chairs) = $31.25/chair
So, the total cost is ...
cost of each chair = material cost + overhead cost
= $31.25 +55.15
cost of each chair = $86.40
__
2. We assume the markup is 70% of the cost, so will be ...
0.70 · $86.40 = $60.48
Then the selling price of the chair will be ...
selling price = cost + markup
selling price = $86.40 +60.48
selling price = $146.88
<span><span><span><span>A house is valued every year. The building is appreciating at an average annual rate of 7%. Therefore, every year the value of the house is increasing.
Start Year </span>
<span> End Year </span>
</span>
<span>
1995
<span> 96,000.00 </span>
<span>
1.07 </span>
<span> 102,720.00
</span>
</span>
<span>
1996
<span> 102,720.00 </span>
<span>
1.07 </span>
<span> 109,910.40
</span>
</span>
<span>
1997
<span> 109,910.40 </span>
<span>
1.07 </span>
<span> 117,604.13
</span>
</span>
<span>
1998
<span> 117,604.13 </span>
<span>
1.07 </span>
<span> 125,836.42
</span>
</span>
<span>
1999
<span> 125,836.42 </span>
<span>
1.07 </span>
<span> 134,644.97
</span>
</span>
<span>
2000
<span> 134,644.97 </span>
<span>
1.07 </span>
<span> 144,070.11
</span>
</span>
<span>
2001
<span> 144,070.11 </span>
<span>
1.07 </span>
<span> 154,155.02
</span>
</span>
<span>
2002
<span> 154,155.02 </span>
<span>
1.07 </span>
<span> 164,945.87
</span>
</span>
<span>
2003
<span> 164,945.87 </span>
<span>
1.07 </span>
<span> 176,492.08
</span>
</span>
<span>
2004
<span> 176,492.08 </span>
<span>
1.07 </span>
<span> 188,846.53
</span>
</span>
<span>
2005
<span> 188,846.53 </span>
<span>
1.07 </span>
<span> 202,065.79
</span>
</span>
<span>
2006
<span> 202,065.79 </span>
<span>
1.07 </span>
<span> 216,210.39
</span>
</span>
<span>
2007
<span> 216,210.39 </span>
<span>
1.07 </span>
<span> 231,345.12
</span>
</span>
<span>
2008
<span> 231,345.12 </span>
<span>
1.07 </span>
<span> 247,539.28
</span>
</span>
<span>
2009
<span> 247,539.28 </span>
<span>
1.07 </span>
<span> <u> 264,867.03
</u><u></u>Boyce's home is valued at $264,867.03 at the end of 2009.
Or it can be valued using the Future Value formula:
FV = (1+r)^n * PV
PV = 96,000
r = 7%
n = 15 years
FV = (1 + 0.07)</span></span></span></span>¹⁵ x 96,000
FV = (1.07)¹⁵ x 96,000
FV = 2.759 x 96,000
FV = 264,864
Answer:
In the number 767, the first 7 does not have the same value as the final 7. This is because the first 7 is in the hundreds place, and that would be 700, if the other numbers weren't there. On the other hand, the last 7 is in the ones place, so if it was by itself, it would be just 7.
Answer:
The coefficient of x is 22.
Answer:
um!!
Step-by-step explanation: