Answer:
They will have $37,595.23 in mutual fund in 15 years
Explanation:
<em>Step 1: Determine the present value of savings</em>
This can be expressed as;
Present value=monthly savings×number of months in 15 years
where;
monthly savings=$50
number of months in 15 years=12×15=180 months
replacing;
Present value=50×180=$9,000
<em>Step 2: Determine the future value of savings including interest</em>
This can be expressed as;
FV=PV(1+R)^N
where;
FV=future value
PV=present value
R=annual interest rate
N=number of years
In our case;
FV=unknown
PV=$9,000
R=10%=10/100=0.1
N=15 years
replacing;
FV=9,000(1+0.1)^15
FV=9,000(1.1)^15
FV=$37,595.23
They will have $37,595.23 in mutual fund in 15 years
Answer:
The cost per month is increasing at a rate $365.
Explanation:
Differentiation Formula
Given that,
A manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by
.
Again given that,
the rate of changing production is 13 unit per month
i.e 
To find the cost per month, we need to find out the value 
when production is changing at the rate 13 units per month and the production is 70 units.
Differentiating with respect to t
Plugging
[ plugging x=70]
=364
[ The unit of c is not given. Assume that the unit of c is dollar.]
The cost per month is increasing at a rate $365.
Answer:
A. 16
B. 57.14
Explanation:
forging presses = 20
setup time = 3 hours
Time required to produce 1 batch = 600 *45 s = 7.5 hours
total workforce = 7 in all;
a. no of forged parts produced in a month ;
total time required to produce 1 forged part = 3 + 7.5 = 10.5 hours;
working hours a day = 8 ;
total no of working days = 21/month;
total no of batches produced n= 21*8/10.5;
n = 16;
so no of parts = 16 * 600 = 9600;
b. labor productivity P= parts /work hour;
P = 9600/21*8 = 57.14
Answer:
False
Explanation:
The general purpose of idea generation is to come up with the largest amount of possible ideas, it doesn't matter how crazy they might seem.
The purpose of succeeding stages will be to funnel the ideas and only work and develop the most promising ones.
Answer:
$475,000
Explanation:
The amount should be reported as unearned service contract revenues in Ryan's December 31, Year 1, and balance sheet will be the amount that has not expired in year 1 or outstanding service contracts that will expire in year 2 to year 4. Therefore,
Year 2 + Year 3 + Year 4 = $150,000 + 225,000 + 100,000 = $475,000 should be reported as unearned service contract revenues.
[ where a is a constant]