Susan Robinson is planning for her retirement. She is 30 years old today and would like to have $600,000 when she turns 55. She estimates that she will be able to earn a 9.00% rate of return on her retirement investments. She wants to set aside a constant amount of money every three months to help achieve her objective. How much money must Robinson invest at the end of each of the next twenty-five years to realize her goal of $600,000 at the end of that time?
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Ответ:
$7,083.75
Explanation:
The computation is shown below:
In this question, we use the PMT formula that is presented in the attached spreadsheet
Data provided in the question is
Present value = $0
Future value = $600,000
Rate of interest = 9%
NPER = 25 years
The formula is shown below:
= -NPER(Rate;NPER;PV;FV;type)
So, after solving this, the PMT is $7,083.75
Ответ:
1.Product cost= 778100
2.Period cost = 393700
3. Product cost= 828300
4. Period cost= 368300
Explanation:
1. Total manufacturing cost per unit =
Direct material cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit + Fixed manufacturing overhead per unit.
= 8.90 + 5.90 + 3.40 + 6.90
= 25.1 per unit.
Product cost = units produced * cost per unit = 31000 * 25.1 = 778100
2. Period cost= units sold * ( Fixed and variable selling and administrative expense per unit+sales commission per unit)
= 31000 * ( 5.40+ 4.40 +2.90)
= 31000 * 12.7
= 393700.
3. Product cost = units produced * product cost per unit = 33000* 25.1=
828300.
4.Period cost = units sold * ( Fixed & variable selling and administrative cost per unit.
= 29000 * 12.7
= 368300