how much should it put aside today to achieve its goal?

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Q: The expenses included in the fabrication of a wind turbine for a planned Wind Farm is $73,000…

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A:

Q: If a certain machine undergoes a major overhaul now, its output can be increased by 20%, which…

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A:

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A: given,r = 6.85% A-2= $3200 A0= $5000 A1= $3500

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Q: An equipment is estimated to cost $300,000 four years from now and an additional $100,000 five years…

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Q: French Fried Food Inc. wishes to accumulate P500,000 during the next 24 months to open a second…

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Q: A pulp and paper company is planning to set aside $150,000 now for possibly replacing its large…

A: Future value = Present value * (1+ rate)^no. of years 8)

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.