Stephen Michaels wants to know how much he must deposit today at 12% interest to provide three equal annual withdrawals of $10,000, beginning one year from now. This is an example of the present value of
A) an ordinary annuity.
B) an annuity due.
C) a single sum.
D) a deferred annuity.
A
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In contrast to the adversarial relationship usually found between unions and management in Europe and the United States, ______ unions tend to identify strongly with the interests of the company.
Fill in the blank(s) with the appropriate word(s).
. What elements of car design did Tata change in order to produce their CVP?
a. product design b. manufacturing process c. service model d. all of these
A receivable occurs when a business sells goods or services to another party on account
Indicate whether the statement is true or false
Macro Electronics manufactures low-cost, consumer-grade computers. It sells these computers to various electronics retailers to market under store brand names. It manufactures two computers, the Lightning 2.0 and the Lightning 2.4, which differ in terms of speed, memory, and hard drive capacity. The following information is available: Lightning 2.0 Lightning 2.4Direct materials$90 $110 Direct labor 60 90 Variable overhead 30 30 Fixed overhead 180 240 Total cost per unit$360 $470 Selling price 600 780 Units produced and sold 6,000 3,000 The average wage rate is $30 per hour. The plant has a capacity of 32,000 direct labor-hours.Required:1. A nationwide discount chain has approached Macro with an offer to buy 2,000 Lightning 2.0 computers and
2,000 Lightning 2.4 computers if the unit prices are lowered to $350 and $450, respectively.a. If Macro accepts the offer, how many direct labor-hours will be required to produce the additional computers?b. How much will the profit increase (or decrease) if Macro accepts this proposal? All other prices will remain the same.2. Suppose that the customer has offered instead to buy up to 3,000 each of the two models at $350 and $450, respectively.a. How many of each product should be manufactured and sold? Assume current demand will not be affected by the special order. Also assume that the company cannot increase its production capacity to meet the extra demand.b. How much will the profits change if this order is accepted instead? What will be an ideal response?