With an interest rate of 9%, $5,000 will grow to $10,000 in approximately
A)
8 years.
B)
4 years.
C)
12 years.
D)
24 years.
A
You might also like to view...
The difference between a standard and a budget is that ________.
A) a budget generally indicates a total amount while a standard indicates a per unit amount B) a standard acts as an overall guide for operating the business on a planned course of action C) a budget generally indicates a per unit amount while a standard indicates a total amount D) a standard projects future costs while a budget examines past costs
The sale of plant assets and the payment of dividends will increase free cash flow
Indicate whether the statement is true or false
Letters from satisfied customers are ineffective sales tools
Indicate whether the statement is true or false
You are a cost accountant for a firm that specializes in "small" (under 10 billion dollars) defense contracts for specialty electronics products, such as fully portable,
miniaturized CD-ROM imaging stations and global positioning transmitters/transponders. Your company is well respected in this field. One project up for competitive bids is a Field Service, Hands-Free, Individual Multi-Protocol Secure Communicator (a battlefield version of a cellular telephone, but built into each soldier's helmet, and containing necessary encryption technology). The Department of Defense wants 8 of these experimental devices to test their practicality. You have reviewed the contract specifications, and estimated that the first FSHFIMPSC should require 2350 hours, and that the product is subject to a 75% learning curve. All costs of the project (machine purchase, machine time, direct and indirect labor, and materials) have been bundled (allocated) into an hourly labor rate of $172 per hour. Determine the total project cost using the provided data.