How much will have to repay at the end of seven years
If you borrow $3,000 at 6% simple interest per year for 7 years, how much will you have to repay at the end of 7 years?
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Barker Company has a single product called a Zet. The company normally produces and sells 85,000 Zets each year at a selling price of $46 per unit.
Township assembly agreed that a new police and fire department building would be constructed at a cost not to exceed $1,500,000, on land owned by the township.
Your company's offer is for $3,000,000 in cash upon signing the agreement followed by 10 annual payments of $300,000 starting 1 year later. The time value of money is 10%. What is the preset worth of your company's offer?
The bank account as a control device that helps to protect cash. One of the requirements is to conduct periodic bank statement reconciliations. Using the following data, complete the bank statement reconciliation for Acorn Plumbing, Inc.
Marsden manufactures a cat food product called Special Export. Marsden currently has 10,000 bags of Special Export on hand. The variable production costs per bag are $1.80 and total fixed costs are $10,000.
Brisbane's management is considering a change in its quality control system. Currently, Brisbane spends $41,500 a year to inspect the CD players. An average of 2,200 units turn out to be defective.
Verde Company produces wheels for bicycles. During the year, 660,000 wheels were produced. The actual labor used was 360,000 hours at $9.50 per hour. Verde has the following labor standard: 0.5 hour at $10.
What can you conclude about the effect of the rate of return on the present value of cash to be received in the future?
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