How much to amount if invests at given rates
Mr. Altgeldt has $5,000 to invest. He wants to know how much it will amount to if he invests it at the following rates:
a. 6% per year for 21 years
b. 8% per year for 33 years
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During the year, Samuels Company reported net income of $300,000, including amortization of intangible assets of $66,000, depreciation ofplant assets of$132,000, and amortization of premium on investment in bonds of $20,000.
ABC invested in a $200,000, 8% bond issued by the STU Company on March 1st 2013. No payments have been received to date from STU
Compute Med Max's customer margin for City General and County General. (Hint: Do not overlook the $34,000 cost of goods sold that Med Max incurred serving each hospital.)
Hnak Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 50-gallon batch.
Mr. Altgeldt has $5,000 to invest. He wants to know how much it will amount to if he invests it at the following rates?
Direct materials: Each unit of product contains 4.10 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.60 pounds.
Mme. Barefield wishes to have $150,000 at the end of 8 years. How much must she invest today to accomplish this purpose if the interest rate is?
To establish a fund that will provide a scholarship of $3,000 per year indefinitely, with the first award to occur now, how much must a donor deposit if the fund earns?
The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored.
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