Answer:
$44,440.96
Explanation:
We must find the future value of the initial $7,900 deposit and the annuity (17 deposits of $1,200 each)
- future value of the initial deposit = present value x (1 + interest rate)ⁿ = $7,900 x 1.04¹⁸ = $16,003.95
- future value of the annuity = Payment x ([1 + interest rate]ⁿ - 1) / interest rate = $1,200 x (1.04¹⁷ - 1) / 0.04 = $28,437.01
total amount on Angela's savings account = $16,003.95 + $28,437.01 = $44,440.96
Answer:
$330,846
Explanation:
The computation of the the revised break even point in dollars is shown below:
= (Fixed cost ) ÷ (Profit volume ratio)
where,
Fixed cost = $163,200 + $8,840
= $
172,040
And the profit volume ratio would be
= (Contribution margin) ÷ (Sales) × 100
where Contribution margin equal to
= Selling price per unit - variable cost per unit
= $70 - $28 + $5.60
= $36.4
So, the profit volume ratio is
= ($36.40) ÷ ($70)
= 52%
So, the revised break point in dollars is
= ($172,040) ÷ (52%)
= $330,846
Answer:
Career or technical education.
Explanation:
Someone who wants credentials in skilled training, but in less time than a four- year degree should consider Career or technical education.
A technical education course is solely based on providing skilled training which will help the student to learn the practicalities in a shorter period of time.
They are focused on a specific kind of skilled training which you can use in your career. Technical education is also known by the name of a diploma which can be completed in a period of 2 years or even in a period of months.
The Gut follower or the random chance submitter
