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2 years ago

Alex invested $10,500 in an account that pays 6 percent simple interest. how much money will he have at the end of four years?'

1 answer:

4 0

The amount generated from the investment with simple interest is calculated through the equation,

F = P x (1 + in)

where F is the future amount, P is the present worth, i is the decimal equivalent of the given interest and n is the number of interest period.

From this item it can be identified that,
P = $10,500
i = 0.06
n = 4

Substituting the known values,

F = ($10,500) x (1 + (0.06)(4))
<em> F = $13020</em>

Therefore, after four years, the amount of money that Alex will have is $13,020.

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Bob,s candle factory is considering three different manufacturing options. Option A uses hand labor with fixed costs of $10,000

sergeinik [125]

Answer:

a. If demand for Bob's candles is 2500, which option should he pick?

OPTION A

and what is the cost?

$16,875

b. If demand for Bob's candles is 4500 which option should he $19,950

OPTION B

and what is the cost?

$19,950

Explanation:

Option A uses hand labor with fixed costs of $10,000 and variable costs of $2.75/candle.

Option B uses a combination of hand and automation with fixed costs of $15,000 and variable costs of $1.10/candle.

Option C is highly automated with fixed costs of $20,000 and variable costs of $0.75/candle.

demand = 2,500 units

option A = $10,000 + ($2.75 x 2,500) = $16,875

option B = $15,000 + ($1.10 x 2,500) = $17,750

option C = $20,000 + ($0.75 x 2,500) = $21,875

demand = 4,500 units

option A = $10,000 + ($2.75 x 4,500) = $22,375

option B = $15,000 + ($1.10 x 4,500) = $19,950

option C = $20,000 + ($0.75 x 4,500) = $23,375

3 0

1 year ago

Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for

frozen [14]

Answer:

Explanation:

3 0

2 years ago

Read 2 more answers

Selected sales and operating data for three divisions of different structural engineering firms are given as follows: Division A

melomori [17]

Answer:

1. ROI for each division:

Division A Division B Division C

Return on investment (DuPont) = 23% 7% 11.6%

2. Residual income (loss) $469,500 ($106,950) $0

3. Divisions A and C will probably accept the opportunity while Division B will reject it.

Explanation:

a) Data and Calculations:

Division A Division B Division C

Sales $ 15,650,000 $ 35,650,000 $ 20,520,000

Average operating assets $ 3,130,000 $ 7,130,000 $ 5,130,000

Net operating income $ 719,900 $ 499,100 $ 595,080

Minimum required rate of return 8.00 % 8.50 % 11.60 %

Return on investment (ROI) (ordinary) 23% 7% 11.6%

ROI = Net operating income/Average operating assets * 100

Return on investment (DuPont ROI) :

Asset Turnover = 5 5 4

Sales/Average operating assets

Operating income margin =

Income/Sales * 100 4.6% 1.4% 2.9%

Return on investment (DuPont) = 23% 7% 11.6%

Asset Turnover * Operating income margin

Residual income =

Net income - (Equity * RRR) $469,500 ($106,950) $0

NB: Equity is approximated to the net operating asset here.

7 0

1 year ago

Which activity is the fourth step in the decision-making process of solving a workplace problem?

Fofino [41]

Which activity is the fourth step in the decision-making process of solving a workplace problem? C. Implement the solution

The first step is is to identify the goal, then gather the information and generate alternatives, evaluate the consequences, implement the solution

When you implement the solution you are deciding the best choice after considering the alternatives and putting the plan into action.

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1 year ago

Read 2 more answers

Dorothy (an audit manager) has been assigned to the audit of Tandem Electric, Inc. Dorothy is concerned that Joanne, a friend fr

Helga [31]

Answer:

c. Dorothy should consider the threats to her independence and whether safeguards may be applied that reduce the threat(s) to an acceptable level.

Explanation:

The best application of the AICPA conceptual framework approach in this scenario is that: Dorothy should consider the threats to her independence and whether safeguards may be applied that reduce the threat(s) to an acceptable level.

<u>The threat of independence in the scenario is not high enough to warrant the resignation of Dorothy from the audit team because her friend is not the Finance Director or person in charge of primary preparation of the financial statements but just a member in the internal audit team, hence the risk to her independence is relatively moderate.</u>

Dorothy already believes that she will be objective, hence she should consider the threats to her independence and whether safeguards may be applied that reduce the threat(s) to an acceptable level.

7 0

2 years ago