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Fantom [35]
2 years ago
8

You have $64,000 in a savings account that pays 2% annual interest and the

Business
1 answer:
klio [65]2 years ago
7 0

Answer:

$793.60

Explanation:

Inflation refers to the general increase in prices. It reduces or erodes the purchasing power of a currency.

Interest rate represents the rate of money growth from an investment or savings.

Inflation will, therefore, decrease purchasing power while interest rate will add to the currency strength. Loss or gain in purchasing power will be determined by the difference between the inflation rate and the interest rates.

In this case, the loss in purchasing power will be the inflation rate (3.24%) - interest rate (2%).

=3.24%-2%

=1.24%

1.4% decline in purchasing power will equal to 1.4% x $64,000

= 1.24/100 x $64,000

=0.0124

=$793.60

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You are the manager of a firm that sells a leading brand of alkaline batteries. Click on the link below to access data on the de
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Answer:

Explanation:

what is the question?!

6 0
2 years ago
Work in process inventory on December 31 is $42,000. Work in process inventory decreased by 40% during the year. Total manufactu
jok3333 [9.3K]

Answer:

c) $288,000

Explanation:

The computation of the  cost of goods manufactured is shown below:

Cost of goods manufactured = Opening balance of Work in process + Manufacturing cost - Ending balance of Work in process

where,

Opening balance of Work in process equal to

= $42,000 × 100 ÷ 40

= $70,000

So, the cost of goods manufactured is

= $70,000 + $260,000 - $42,000

= $288,000

7 0
2 years ago
The Excel file President's Inn Guest Database provides a list of customers, rooms they occupied, arrival and departure dates, nu
Ksenya-84 [330]

Answer:

=SUM(20*(guests - 1)*days,room cost * rooms*days)*IF(days=>7,0.9,1)

Explanation:

=SUM(20*(guests - 1)*days,room cost * rooms*days)*IF(days=>7,1-discount,1)

The first part, we determinaate the additional per mean.

The first person meal is included in the room cost thus, we subtract it from the number of guest that pay it.

Then, we multiply that by $20 each mean and by the days the guests stay.

We also add to the meal cost  the room cost, which the room times days.

Then, this will be subject to an IF scenario, if the days are above or equal to 7 we are going to multiply by 0.9 which is 1 less the discount cell amount

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8 0
2 years ago
Richards Corporation uses the weighted-average method of process costing. The following information is available for October in
Lemur [1.5K]

Answer:

$2.64 per units

Explanation:

The computation of the cost per equivalent unit of material is shown below:

Cost per equivalent unit is

= (Beginning conversion cost + cost incurred during October) ÷ (Total equivalent units)

= ($99,700 + $939,300) ÷ (390,000 units  + (40,000 units × 10%))

= $1,039,000 ÷ 394,000 units

= $2.64 per units

We simply applied the above formula

8 0
2 years ago
A monopolist sells 2,000 units for $20 each. The total cost of 2,000 units is $30,000. If the price falls to $19, the number of
leonid [27]

Answer:

Decrease by $1

Explanation:

Given:

Old data:

Q0 = 2,000 units

P0 = $20

Total revenue before change = 2,000 x $20 = $40,000

After change in Price.

Q1 = 2,100 units

P1 = $19

Total revenue After change = 2,100 x $19 = $39,900

Computation of Marginal Revenue:

Marginal Revenue = (P1 - P0) / (Q1 - Q0)

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= -100 / 100

= $(-1)

Marginal revenue will decrease by $1

8 0
2 years ago
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