A furniture factory produced 1600 standard chairs in eight days. If the factory employed five workers, what was the labor productivity, in chairs per worker per day? A. 40 B. 100 C. 5O D.20 E. 80

Answer:

$388,017.16

Explanation:

The amount that shall be accumulated at the beginning of retirement to provide a $2,500 for the period of 25 years shall be determined through the present value of annuity formula which is mentioned below:

Amount that should be accumulated=R[(1-(1+i)^-n)/i]

In the given question

R=monthly check that will be received=$2,500

n=number of months during which monthly checks will be  received=25*12=300

i=interest rate compounded monthly=6/12=0.50%

Amount that should be accumulated=2500[(1-(1+0.50%)^-300)/0.50%]

                                                            =$388,017.16

Answer:

Option D is correct one.

Saving plus net taxes equals planned investment plus government purchases.

Explanation:

Total spending equals total output if and only if leakages are equal to injections—that is, only if the sum of saving and net taxes  is equal to the sum of planned investment spending and government purchases.

Answer:

D. only when the sum of saving and investment equals the sum of net taxes and government expenditures

Explanation:

Based on the scenario being said in the question where it is asked that which total spending will equal total, that will happen only when the sum of the savings and investment.

Total spending can only equals total output if and only if leakages will be equal to injections, in other words, only if the sum of saving and net taxes (addition of Saving and Nets) is equal to the sum of planned investment spending and government purchases (addition of planned investment and government purchases.)

Answer:

Please find the attached file for the complete solution:

Explanation:

Answer:

Calculation of Gain or Loss:

Book Value of Truck = 25,200 - 22,680

                                  = $2,520

Gain on Exchange = 4,158 - 2,520 - 630

                               = $1,008

Therefore, the journal entry is as follows:

Accumulated Depreciation A/c Dr. $22,680

computer A/c                              Dr. $3,150

              To Truck                                            $25,200

              To Cash                                              $630

(To record the Truck)

Answer:

The expected January 31 Accounts Payable balance is $6,590

Explanation:

The December Accounts Payable balance is $7,900 - this is the 50% purchase amount in December and will be paid in January.

In January, Fortune Company will pay 50% purchase amount in December and 50% purchase amount in January.

Expected payment = $7,900 + 50% x $13,180 = $14,490

At January 31, the expected Accounts Payable balance:

$13,180 x 50% = $6,590

Final answer:

The expected Accounts Payable balance for Fortune Company at the end of January is $10,540, taking into account the payables carried over from December and half of January's purchases.

Explanation:

The question is regarding the calculation of the expected Accounts Payable balance at the end of January for Fortune Company. The company's payment schedule shows a split of 50% payment in the month of purchase and 50% in the following month. To compute the January 31 Accounts Payable, we need to consider the December Accounts Payable which is to be paid in January (50% of $7,900 = $3,950), and half of January's purchase ($13,180) which will amount to $6,590. Hence the expected January 31 Accounts Payable is: $3,950 (December's payable) + $6,590 (January's payable) = $10,540.

Learn more about Accounts Payable here:

brainly.com/question/31316330

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Answer:

$2960 yearly savings

Explanation:

From the values given and from mathematical manipulation, he or she needs a contribution of at least $2900 every year in order to achieve his goal of $50,000.

                     EXPLANATION

• If the child is 5yr old now, in 13years time, she will be 18yr old.

• $2950 target yearly

• for the next 13years, it would have amount to $38350

• remember the bank will give an annual interest rate of 2%

• so for 13years, that's 26% = 0.26

• In the 13th year, he would have saved $38350, add the 26% interest for the duration of 13years = 26% x $38350 + $38350 = $48321

• His savings will fall between $2950 - $2960 yearly.

Final answer:

You will need to contribute approximately $2,615.97 each year to your college fund to achieve your goal of $50,000 in 13 years, starting with $5,000 and earning 2% interest compounded annually.

Explanation:

To calculate how much you need to contribute every year to have $50,000 in a college fund for your daughter in 13 years with an existing $5,000 at a 2% annual interest rate, we need to use the future value of an annuity formula:

The future value of an annuity formula is FV = P × {[(1 + r)^n - 1] / r}, where:

• FV is the future value of the annuity (the amount we want to have in the future, which is $50,000).
• P is the annual payment (the amount you will contribute every year).
• r is the annual interest rate (which is 2%, or 0.02).
• n is the number of years the money is deposited (13 years).

Since you already have $5,000, we first need to find out how much this amount will grow to in 13 years at an annual interest rate of 2%. That's calculated using the compound interest formula:$5,000(1 + 0.02)^{13} = $6,727.09

Now, subtract this future value of your initial savings from the goal:$50,000 - $6,727.09 = $43,272.91

This is the amount that needs to be reached with the annual contributions. Plugging this back into the future value of an annuity formula, we solve for P:$43,272.91 = P × {[(1 + 0.02)^{13} - 1] / 0.02}We can now solve for P, which is the annual contribution required:P = $43,272.91 / {[(1 + 0.02)^{13} - 1] / 0.02} = $2,615.97

Therefore, you'd need to contribute approximately $2,615.97 each year to reach your $50,000 college fund goal in 13 years, assuming a 2% annual rate.