Answer:
$74108
Explanation:
Solution
Given that:
Deposit = $4,500
Interest rate =8.57%
Plan to deposit =$3000 at the end of 5 years through 1
n= 20 years
Now
We apply the formula given below:
A=P(1+r/100)^n
Here
A=future value
P=present value
r=rate of interest
n=time period.
Thus
=4500(1.0857)^20+3000(1.0857)^15+3000(1.0857)^14+3000(1.0857)^13+3000(1.0857)^12+3000(1.0857)^11+3000(1.0857)^10
=$74108
Therefore the account value at 20 years (ending) is $74108
Answer:
True
Explanation:
Company XYZ's DMAIC (Define, Measure, Analyze, Improve, and Control) tools are the five steps or processes in Six Sigma projects. They can be used by Company XYZ to improve its existing business project. Six Sigma is a set of tools for process improvement, started at Motorola and popularized by American Engineer Bill Smith in the 1980s. It attempts to reduce defects in the production process with its disciplined and data-driven approach.
Answer: 1. Stop on hiring, promotions, or pay raises.
2. Don't fill positions left vacant when employees leave voluntarily
which helps cut other cost
3. pay cuts
4. asking employees to take time.
5. Cutdown on overtime.
Explanation: as a change leader many employees would fill the company just wants to discard them, so you try to avoid legal problems making sure the reason for the work hour cut off is a business related reason. The company is currently going through a tough time. You try to talk to the affected employees telling them the current situation of the company and the need for a 10% cut in their work hour and presenting the other alternative to them which is outright layoffs.
Answer:
The depreciation expense for the year 2017 will be $17664.
Explanation:
The double declining balance method is an accelerated method of charging depreciation on an asset. The depreciation rate under double declining balance method is twice of that of the straight line method and it charges higher depreciation in the initial years and less depreciation in the later years as it charges depreciation on the book value of the asset at start.
The formula for double declining method depreciation is,
Depreciation expense = 2 * Straight line Depreciation rate * Book Value at start of the period
The straight line depreciation rate is, 100% / 10 = 10% per year
The Depreciation expense for 2015 = 2 * 10% * 138000 = $27600
Book value at end of 2015 = 138000 - 27600 = $110400
The Depreciation expense for 2016 = 2 * 10% * 110400 = $22080
Book value at end of 2015 = $110400 - 22080 = $88320
The Depreciation expense for 2017 = 2 * 10% * 88320 = $17664
Book value at end of 2015 = 88320 - 17664 = $70656