Answer:
i would say b
Step-by-step explanation:
If the company makes 1 canoe only, then the cost is, the fixed cost plus how much it costs for the 1 canoe, or
180,000 + 1*120
if it makes 2 canoes
180,000 + 2*120
3 canoes 180,000 + 3*120
4canoes 180,000 + 4*120
x canoes 180,000 + x*120
so... we dunno what "x" is, but whatever "x" maybe, the cost ends up as 180,000 + x*120, or 180,000 + 120x
now, let's see the revenue
1 canoe 1 * 240
2 canoes 2*240
3 canoes 3*240
x canoes x*240
so.. whatever "x" maybe, the Revenue is x*240 or 240x
break-even point is when, the amount of expenses and earnings cancel each other out, or, there's no profit, but there's no loss either, same amount that's spent is also earned back
so, the break-even point occurs when Revenue = Cost
180,000 + 120x = 240x <--- solve for "x"
To find the mean you must add up all the numbers you have together and then divide the buy the amount of numbers you added. When you add these numbers up you get 30, and we have 5 numbers here, when we divide 30 by 5 we get 6. So, Tara is correct in saying that the mean is 6.
Answer:
- The total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 0.5 years is $ 309.00.
- The total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 1 year is $ 318.27.
Step-by-step explanation:
a) How much will you have at the middle of the first year?
Using the formula

where
Given:
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 0.5 years
To determine:
Total amount = A = ?
Using the formula

substituting the values



$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 0.5 years is $ 309.00.
Part b) How much at the end of one year?
Using the formula

where
Given:
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 1 years
To determine:
Total amount = A = ?
so using the formula

so substituting the values


$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 1 year is $ 318.27.