Jolene invests her savings in two bank accounts, one paying 5 percent and the other paying 11 percentsimple interest per year. She puts twice as much in the lower-yielding account because it is less risky. Herannual interest is 2814 dollars. How much did she invest at each rate?Amount invested at 5 percent interest is $Amount invested at 11 percent interest is $ A chemist has three different acid solutions. The first acid solution contains 20 % acid, the secondcontains 40 % and the third contains 85 %%. They want to use all three solutions to obtain a mixture of 72liters containing 45 % acid, using 2 times as much of the 85 % solution as the 40 % solution. How manyliters of each solution should be used?The chemist should useliters of 20 % solution,liters of 40 %solution, andliters of 85 % solution.

Present Value: When a predetermined rate of return is applied to a future amount of money or stream…

Answered: Jolene invests her savings in two bank…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter15: Lean Accounting And Productivity Measurement

Section: Chapter Questions

Problem 12E

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A manufacturing firm just received a shipment of 20 assembly parts, of slightly varied sizes, from a vendor. The manager knows that there are only 15 parts in the shipment that would be suitable. He examines these parts one at a time.a. Find the probability that the first part is suitable. (Round your answer to 2 decimal places.) b. If the first part is suitable, find the probability that the second part is also suitable. (Round your answer to 4 decimal places.) c. If the first part is suitable, find the probability that the second part is not suitable. (Round your answer to 4 decimal places.)
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ABC Chemical Company manufactures industrial chemicals. The company plans to introduce a new chemical solution and needs to develop a standard product cost. The new chemical solution is made by combining a chemical compound (nyclyn) with a solution (salex), heating the mixture to boiling point, adding a second compound (protet), and bottling the resulting solution in 15-litre containers. The initial mix, which is 12 litres in volume, consists of 14 kilograms of nyclyn and 11.6 litres of salex. A 1-litre reduction in volume occurs during the boiling process. The solution is cooled slightly before 8 kilograms of protet are added. The protet evaporates, so it does not affect the total liquid volume. The purchase prices of the raw materials used in the manufacture of this new chemical solution are as follows: Nyclyn $4.90 per kilogram Salex $5.60 per litre Protet $6.80 per kilogram a. 102.36 b. None of the answers given c. 98.36 d. 93.36
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Gunston Processing produces two products, ALT-1 and ALT-2, from a batch using a single raw material, ALT-0. Both products require further processing before they be can be sold. A batch of ALT-1 can be sold for $150,000 after processing costs of $30,000. A batch of ALT-2 can be sold for $240,000 after further processing. The cost of ALT-0 is $200,000 for a batch. Using the estimated net realizable value method, a joint cost of $120,000 was allocated to ALT-2 for a batch.
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