The state highway department has condemned Mr. Rossi's farm to build a new highway by-pass. They have already paid $195,000 for the property and have agreed to let Mr. Rossi continue to live in the house until construction on the by-pass actually begins. Due to state budget problems, all highway construction jobs in the region have been suspended indefinitely. Today Mr. Rossi deposits the entire amount paid for the property in an account at an interest rate of 10%, compounded monthly (12 times per year). He plans to use the entire balance in the account to invest in a new home at the time that construction on the by-pass actually begins. How much will Mr. Rossi have to invest in a new home if construction begins 6 years from today

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?

In terms of precent, beer has more alcohol than whiskey true or false