Your friend deposits $100,000 into account paying 8% per year. He wants to know how long it will take before the interest makes him a millionaire (i.e. to have one Million dollars).
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- A company has a production capacity of 1100 units a year and its fixed costs are P60k. The variable cost per unit is P500 & each unit can be sold for P800. What if fixed costs is increased to P75k and the variable costs is reduced by 20%, what is new break-even point in units. A. 198 B. 188 C.178 D. 180Answer on paper with steps thoroughly. plswhat should the resale value of a machine if it is bought at 100000 that will produce net income, after operating expenses of 10000 per year at the end of 4 years to justify the investments you must make a 15% annual return on the investment.