Answer:
Annually 50,606.75
Quarterly 51, 761.76
Daily 52,166.22
Continuously 52,170.77
Explanation:
We have to use the future value for different compounding:
<u>Annually:</u>
Principal 21,000.00
time 13.00
rate 0.07000
Amount 50,606.75
<u>Quarterly:</u>
time 52.00 (13 years x 4 quarter per year)
rate 0.01750 ( 7% over 4 quarters)
Amount 51,761.76
<u>Daily (365 days):</u>
time 4,745 (13 years x 365 days per year
rate 0.00019 (0.07 / 365)
Amount 52,166.22
<u>Continuously:</u>
Amount 52,170.7732
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Explanation:
career helps people to find their goals
Answer:
B. work-in-process inventories.
Explanation:
Partially completed goods that are in the process of being converted into a finish product are defined as work-in-process inventories.
Generally, the work-in-process inventories include the following raw materials cost, direct labor cost and factory overhead cost.
These category of products are only partially completed and as such are waiting for further processing, still undergoing fabrication or kept in a buffer storage.
Answer:
$300 i.e irrecoverable cost of old printer
Explanation:
Sunk costs refer to those costs incurred in the past which can no longer be recovered. Such costs are considered as irrelevant in decision making process since they have no current or future implications.
For example, research and development costs incurred by an enterprise in the past represent sunk costs since those costs can no longer be recovered and secondly have no current or future implications w.r.t investment decisions.
In the given case, the cost incurred in purchase of old printer is a sunk cost, incurred in the past. The irrecoverable part of the said cost i.e $350 less $50 i.e $300 represents sunk cost. Also, the expenditure on old printer's cartridges which costed $80 apiece would be regarded as a sunk cost.
This cost of $300 cannot be recovered and would be considered irrelevant w.r.t the decision of purchasing a new advanced printer.