If Interest rate = 5%
Using Financial calculator
Payments (PMT) = 100
Interest (I/Y) = 5%
Number of Years (N) = 20
[N = 20 ; I/Y = 5% ; PV = 0 ; PMT = 100 ; FV = ?]
Compute for FV
Future value = 100 * 33.0660
Future value = $3,306.60
this is true. Personality and interest are two factors that relate to career success.
Answer:
$7,750
Explanation:
The computation of the net income for the first year is shown below:
but before that following calculations needed
The Cost of production is
= Direct material + Direct labor + Manufacturing overhead
= $11,625 + $11,000 + $10,000
= $32,625
The Unit product cost is
= $32,625 ÷ 7,250 units
= $4.50 per unit
Now
Cost of goods sold = Number of units sold × cost per unit
= 4,500 units × $4.50
= $20,250
And, finally
Net Income = Sales revenue - COGS - general, selling, and administrative expenses
= (4,500 units × $7) - $20,250 - $3,500
= $7,750
Checking account fit the description above. Checking account gives the owner unrestricted access to his account but have no or low interest rate.<span />
Answer:
well, sell 2000 canoes per year at 460.... and de rest?