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sweet-ann [11.9K]
2 years ago
8

You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will

deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now?
Business
1 answer:
USPshnik [31]2 years ago
8 0

Answer:

FV= $12,818.4

Explanation:

Giving the following information:

You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest.

To calculate the future value we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {4,200*[(1.052^2)-1]}/0.052 + 4,200= $12,818.4

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Devlin Manufacturing makes a single product. Expected manufacturing costs are as follows:Variable costsDirect materials $6.50 pe
expeople1 [14]

Answer:

Manufacturing cost:                                        $

Direct material ($6.50 x 3,200)                   20,800

Direct labour ($2.40 x 3,200)                     7,680

Manufacturing overhead ($1.10 x  3,200)   3,520

Supervisory salaries                                       13,600

Depreciation                                                 5,500

Other fixed costs                                          <u>2,200</u>

Total manufacturing cost                            <u> 53,300</u>

Explanation:

Total manufacturing cost is the aggregate of direct material, direct labour,variable manufacturing overhead and fixed costs. Fixed costs include supervisory salaries, depreciation and other fixed costs. Direct material cost per unit, direct labour cost per unit and manufacturing overhead cost per unit should be multiplied by the budgeted units per month.                      

7 0
2 years ago
Suppose that when the price of a 16 oz. to-go cup of gourmet coffee is $4.25, students purchase 750 cups per day. If the price d
elixir [45]

Answer:

d. We do not have enough information to answer this question

Explanation:

We could say that maybe if the price lowers by pure law of supply and demand the consumers will consume more cups of coffe but for a more complete answer we need the elasticity of demand of that good (coffe), to be able to know in what quantity a change in the price would affect the demand and to know if the relation between the price and the units buyed are positive or negativa.

5 0
2 years ago
Elmer Inc., a software company, has a diverse workforce. Its employees work hard to meet their goals, and therefore, the managem
Nadusha1986 [10]

Answer:

d. It has high levels of job embeddedness.

Explanation:

Job embeddedness as described and originated by Mitchell et al(and colleagues) are the various factors that influence or bring about job retention or simply keeps one at a particular job or an organization hence reducing job turnover. Under job embeddedness, an employee is likely to stay in an organization and not leave if he feels a connection to it which could be in terms of his connection to his team or colleagues in the organization or other things outside the organization like family. Job embeddness was meant to improve on traditional models of job turnover that only incorporated such factors as job satisfaction, job alternatives and employers commitments. A high level of job embeddedness is likely in Elmer Inc because there is likely to be alot more connection amongst staff as the work environment makes this very much possible.

5 0
2 years ago
A farmer plans to plant two crops, A and B. The cost of cultivating Crop A is $40/acre whereas the cost of cultivating Crop B is
laila [671]

Answer:

We will plant 165 of Crop A

Explanation:

We will compare the marginal contribution for each crop:  A   B

Profit:                170.00     210

cost of cultivating:  40.00       60

CM per constrain      4.25            3.50

Crop A is better regarding cultivating cost.

Now we analize the labor hours:

Profit:                      170     210

Labor hours per crop 20       25

CM per constrain      8.50       8.40

Because Crop A is better at both constrain resource It will be better to plant only Crop A if possible. As assigning to Crop B will diminish the return on the scarce resourse.

We will see how much can we plant of Crop A

7400 / 40 = 185

3300 / 20 = 165

We will plant 165 of Crop A

which is the maximun we can plant at the given labor hours.

3 0
2 years ago
Lacy hired richard to paint her house. richard took too many jobs and realized that he did not have time to complete them all, s
kicyunya [14]
Wheres the answer choices at
7 0
2 years ago
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