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What manufacturing process do you believe is the most valuable to the business world? Explain why you think so. Then, discuss which of today’s manufacturing processes will not last and why you believe it will become obsolete or irrelevant.

Answers

Answer 1

Answer:

I would say metal/steel.

Explanation:

Metal is used to create many things. It is used in every aspect of our lives; in cars and construction products, refrigerators and washing machines, cargo ships and surgical scalpels. It can be recycled over and over again without loss of property.

Answer 2

Answer:

Tech

Explanation:

Hi, I believe that Technology industry is one of the biggest business in the world as nowadays everything runs on technology and everything has evolved to a more advanced way and standard.I believe that it won't last as while technology is huge currently and is getting bigger as time goes on but it's the old technology that will stop manufacturing that has been outdated or replaced.Such as the headphone jack will be removed from cars, phones, tablets, iPads, laptops, planes and many more as Bluetooth has been in the tech industry for a while now.Not to mention apple have removed this from their iPhone 7 back in September 2016.

Thank you for reading/Listening.

hope this helped ;)


Related Questions

Ulko produces tomato paste at five different plants. The tomato paste is then shipped to one of three warehouses, where it is stored until it is shipped to one of the company’s four customers. The shell gives the plant capacities, the cost per ton of producing tomato paste at each plant and shipping it to each warehouse, the cost of shipping a ton of paste from each warehouse to each customer, customer demand, and the annual fixed cost of operating each plant and warehouse. Ulko’s management must decide which plants and warehouses to open, how to route paste from plants to warehouses and from warehouses to customers. All customer demand must be met. A given customer’s demand can be met from more than one warehouse, and a given plant can ship to more than one warehouse. Warehouses are trans-shipment points, anything shipped into a warehouse must be shipped out. Formulate a linear model and find the minimum cost solution for meeting customer demand.

Answers

Explanation:

all customer demand must b

Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Peyton is to receive $1,950,800 in cash. The purchaser is to assume Peyton's mortgage of $1,170,480 on the property. To enable the purchaser to obtain adequate financing, Peyton is to pay the $23,410 in points charged by the lender. The broker's commission on the sale is $78,032. What is Peyton's amount realized

Answers

Answer: $‭3,019,838‬

Explanation:

Peyton will gain the cash from this transaction.

Peyton will also gain the mortgage that is assumed by the buyer because they are being freed from debt.

They will however incur the expense of the broker's commission and the points they have to pay for.

Amount Peyton will recognize:

= Cash received from sale + Peyton mortgage assumed by Buyer - Points Peyton pays for - Broker's commission

= 1,950,800 + 1,170,480 - 23,410 - 78,032

= $‭3,019,838‬

The management at BuyRite grocery stores wishes to estimate the amount of time that customers are spending, on average, in its stores and in a checkout line. The most obvious approach for determining this information is to simply record when a customer enters and exits the store. However, it is difficult to track the entering and exiting times of specific customers. We will look at the problem using an alternative approach. Over the past two weeks, the following data have been collected at BuyRite’s newest store during busy hours (this BuyRite is rather large and typically has 7 open checkout lines). For simplicity, let us assume that the overall capacity at checkout lines is higher than the arrival rate of customers into the store.
Average rate of customers entering store = 305 customers/hour
Average number of customers in store = 146 customers
Percentage of customers who do not make a purchase = 5%
Average number of customers in the checkout lines = 24 customers
As their consultant, you have been asked by BuyRite’s management to address the following questions:
(a) How much time on average does a customer spend in the store?
(b) How much time on average does a customer spend waiting?

Answers

Answer and Explanation:

a. The computation of the time on an average that customer spend in the store is given below:

As we know that

Average number of Customers = Average rate of Customers Entered × Average time spend  

So, Average time spend = Average number of Customers  ÷ Average rate of Customers Entered

 = 146 ÷ 305

= 0.478689 Hours

Now

= 0.478689 × 60

= 28.72 minutes

b. The computation of the time on an average the customer spend waiting is given below:

We know that

The Average number of Customers in waiting = Average rate of Customers Entered × Average time spend by customer for waiting in checkout lines

 Average time spend by customer for waiting in checkout lines = Average number of Customers in waiting ÷ Average rate of Customers entered

= 24 ÷ 305

= 0.078689 hours

Now

= 0.078689 ×  60

= 4.72 minutes

The calculation is shown below:

a. The computation of the time on an average that customer spend in the store is

 we know that

Average number of Customers = Average rate of Customers Entered × Average time spend    

So, Average time spend = Average number of Customers  ÷ Average rate of Customers Entered

 = 146 ÷ 305  

= 0.478689 Hours

So,

= 0.478689 × 60

= 28.72 minutes

b. The calculation of the time on an average the customer spend waiting is  

We know that

The Average number of Customers in waiting = Average rate of Customers Entered × Average time spend by customer for waiting in checkout lines  

Average time spend by customer for waiting in checkout lines = Average number of Customers in waiting ÷ Average rate of Customers entered

= 24 ÷ 305

= 0.078689 hours

Now

= 0.078689 ×  60

= 4.72 minutes

Learn more: https://brainly.com/question/24908711?referrer=searchResults

If, at the present output level, marginal revenue is $50 and marginal cost is $35, the purely competitive firm Group of answer choices should increase output to maximize its profit or minimize its loss. should reduce output to maximize its profit or minimize its loss. should increase its price to maximize its profit or minimize its loss. should stay at its current output to maximize its profit or minimize its loss.

Answers

Answer: should reduce output to maximize its profit or minimize its loss

Explanation:

Since we are given the information that at the present output level, the marginal revenue is $50 and the marginal cost is $35, this implies that the marginal revenue is more than the marginal cost, which simply means that there'll be a positive marginal profit.

In such scenario, therefore, the purely competitive firm should reduce output to maximize its profit or minimize its loss.

You are the leader of a country that has fallen on hard times. Jobs have disappeared, citizens are struggling to get by, and some of your country’s industries have failed. As a leader, how could you display the qualities of visionary leadership in this situation?

Answers

Answer:

I could display the qualities of a visionary leader by offering a coherent vision for the future, and a good economic plan.

Explanation:

A visionary leader in such a dire situation would first of all show a guide to the people, would tell them that there is hope, and would explain to them why such hope still exists.

Such leader would also lay out an economic plan that can resolve, at least, some of the economic issues of the country, because it is true that no plan is perfect, and no government policy solves all problems by itself.

Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to undetectable materials defects. Inspection occurs when units are completed. Spoiled units generally constitute 3% of the good units. Data for December 2017 are as follows: WIP, beginning inventory 12/1/2017 17,600 units Direct materials (100% complete) Conversion costs (20% complete) Started during December 60,900 units Completed and transferred out 12/31/2017 58,200 units WIP, ending inventory 12/31/2017 18,000 units Direct materials (100% complete) Conversion costs (80% complete) Costs for December: WIP, beginning Inventory: Direct materials $183,600 Conversion costs 92,500 Direct materials added 269,280 Conversion costs added 352,800 Abnormal spoilage totals ________.

Answers

Answer:

554 units

Explanation:

Calculation to determine the Abnormal spoilage totals

Abnormal spoilage totals=[(17,600+ 60,900) - ( 58,200+18,000)]-3% x 58,200

Abnormal spoilage totals=[(78,500-76,200)-1,746]

Abnormal spoilage totals=2,300-1,746

Abnormal spoilage totals= 554 units

Therefore the Abnormal spoilage totals is 554 units

Bovine Corporation has two divisions: televisions and mobile phones. The mobile phone division has a contribution margin of $600,000. The company's common fixed costs and total traceable fixed costs are $100,000 and $500,000 respectively. Assuming the traceable fixed costs of the television division are $300,000, what is the segment margin of the mobile phone division

Answers

Answer:

Segment margin= $300,000

Explanation:

Giving the following formula:

Mobile phone:

Contribution margin= $600,000

Traceable fixed cost= $100,000

Common fixed costs= $500,000

First, we need to calculate the traceable fixed cost to mobile phone:

Traceable fixed cost= 500,000 - 300,000= $200,000

Now, the segment margin of mobile phone:

Segment margin= 600,000 - 100,000 - 200,000

Segment margin= $300,000

Which of the following correctly describes a difference between securities dealers and securities brokers?

A :
Dealers hold inventories of securities, whereas brokers do not.

B :
Dealers are paid by buyers, whereas brokers are paid by sellers.

C :
Brokers hold inventories of securities, whereas dealers do not.

D :
Brokers are paid by buyers, whereas dealers are paid by sellers.

Answers

Answer: The answer is A

Explanation:

Brokers are intermediaries and dealers hold inventory

For price discrimination via coupons to be successful, it must be TRUE that:

a. shoppers who use coupons have more elastic demand than shoppers who do not.
b. shoppers who use coupons have more inelastic demand than shoppers who do not.
c. there is a negative correlation between coupon use and the consumer's willingness to shop for price.
d. firms can directly identify which consumers are the most price sensitive before purchase of the good.

Answers

Answer:

B is your correct choice

Explanation:

Hope this helps


Question text
Raw fish must be cooked to a minimum temperature of:

Select one:
a. 165 °F.
b. 180 °F.
c. 145 °F.
d. 155 °F.

Answers

Raw fish should be cooked at 180F

Veldre Company provides the following information about its defined benefit pension plan for the year 2020. Service cost $ 90,000 Contribution to the plan 105,000 Prior service cost amortization 10,000 Actual and expected return on plan assets 64,000 Benefits paid 40,000 Plan assets at January 1, 2020 640,000 Projected benefit obligation at January 1, 2020 700,000 Accumulated OCI (PSC) at January 1, 2020 150,000 Interest/discount (settlement) rate 10 % Compute the pension expense for the year 2020.

Answers

Answer:

$106,000

Explanation:

Computation for the pension expense for the year 2020.

PENSION EXPENSE

Service cost$ 90,000

1nterest cost $70,000

($700,000 * 0.10)

Less Actual return ($64,000)

Amortization of PSC $10,000

2020 PENSION EXPENSE $106,000

Therefore the pension expense for the year 2020 is $106,000

Suppose the following bond quotes for IOU Corporation appear in the financial page of today’s newspaper. Assume the bond has a face value of $2,000 and the current date is April 19, 2018. Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s) IOU (IOU) 6 Apr 19, 2034 111.44 ?1,851 a. What is the yield to maturity of the bond?

Answers

Answer:

YTM = 4%

Explanation:

Company (Ticker) Coupon  Maturity   Last Price    Last Yield      EST Vol (000s)

IOU (IOU)                6       Apr 19, 2034  111.44              ?                     1,851

Determine the yield to maturity

YTM = Rate * 2

years to maturity = 2034 - 2018 = 16 years

NPER = 2 * 16 = 32

PMT = ( face value * coupon rate ) / 2 = ( 2000 * 6% ) / 2 = 60

price of coupon ( PV ) = 2000 * 111.44% = 2228.8

Rate = 2% ( excel function : RATE(32,60,-2228.8,2000)

hence YTM = 2% * 2 = 4%

3. Assuming that a person going to community college can't afford to go to a 4-year college is an example of
O A. a generalization.
O B. discrimination.
O C. tolerance.
O D. a stereotype.

Answers

Answer:

A. a generalization is the correct answer.

A facility is setting up an assembly line to produce 75 units per day, working 24 hours per day. Calculate the desired cycle time in minutes per unit.

Task Time (Min) Predecessors
A 4 -
B 3 -
C 5 A
D 5 A,B
E 3 C,D

Answers

Solution :

Given :

The production output per day = 75 units

Production time per day = 24 hours

Therefore, the cycle time is

                =    [tex]$\frac{\text{production time per day}}{\text{outpu}t \text{ per day} }$[/tex]

               [tex]$=\frac{24 \times 60}{75}$[/tex]

              = 19.2 mins

              ≈ 20 minutes

The desired cycle time = 15 minutes per unit

Given the task times of A to E from the table.

Sum of the task times (A to E) = 4 + 3 + 5 + 5 + 3

                                                  = 20 minutes

Number of workstations needed = (sun of total task times) / (cycle time)

                                                      [tex]$=\frac{20}{15}$[/tex]

                                                      = 1.33

                                                      ≈ 2 work stations

If the changes in sales between May and June continue at the same rate, what will be the percent change in total computer sales from June to July? (Round your answer to the nearest tenth.)
a.
17.1%
b.
20.7%
c.
34.0%
d.
43.2%

Answers

Answer:

A. 17.1%

Explanation:

The amounts of voluntary costs and failure costs: A. Tend to move in opposite directions (as one increases the other decreases). B. Tend to move in the same direction (as one increases the other increases). C. Are equal by definition. D. None of these answers are correct.

Answers

Answer:

A. Tend to move in opposite directions (as one increases the other decreases)

Explanation:

Voluntary cost is the cost that classified as a prevention & appraisal cost on the other hand the failure cost is the cost that could be internal or external.

The cost i.e. incurred for prevention so there would be less chances so if there is increase in the voluntary cost so there would be reduction in the failure cost and so on  

Hence, the option a is correct


Which of the following reflect the balances of prepayment accounts prior to adjustment?

Answers

Answer:

The answer is Balance sheet accounts are overstated and income statement accounts are understated.

Explanation:

College Spirit sells sportswear with logos of major universities. At the end of 2019, the following balance sheet account balances were available.

Accounts payable $104,700 Income taxes payable $11,400
Accounts receivable 6,700 Inventory 481,400
Accumulated depreciation 23,700 Long-term investment 110,900
Bonds payable 180,000 Note payable, short-term 50,000
Cash 13,300 Prepaid rent (current) 54,000
Common shares 300,000 Retained earnings, 12/31/2019 84,500
Furniture 88,000

Required:
a. Prepare a classified balance sheet for College Spirit at December 31, 2019.
b. Compute College Spirit’s working capital and current ratio at December 31, 2019.

Answers

Answer:

Part a

College Spirit

Classified balance sheet as at December 31, 2019.

ASSETS

Non - Current Assets

Furniture                                                                 $88,000

Long-term investment                                           $110,900

Accumulated depreciation                                   ($23,700)

Total Non - Current Assets                                   $175,200

Current Assets

Inventory                                                               $481,400

Prepaid rent (current)                                            $54,000

Accounts receivable                                               $6,700

Cash                                                                        $13,300

Total Current Assets                                           $555,400

TOTAL ASSETS                                                   $730,600

EQUITY AND LIABILITIES

EQUITY

Common shares                                                 $300,000

Retained earnings                                                $84,500

TOTAL EQUITY                                                   $384,500

LIABILITIES

Non-Current Liabilities

Bonds payable                                                     $180,000

Total Non Current Liabilities                               $180,000

Current Liabilities

Accounts payable                                                $104,700

Income taxes payable                                            $11,400

Note payable, short-term                                     $50,000

Total Current Liabilities                                        $166,100

TOTAL LIABILITIES                                              $346,100

TOTAL EQUITY AND LIABILITIES                      $730,600

Part b

3.34

Explanation:

A classified balance sheet shows the Assets, Liabilities and Equity in their different categories.

College Spirit’s working capital and current ratio :

Current Ratio/ Working Capital ratio = Current Assets ÷ Current Liabilities

                                                            = $555,400 ÷ $166,100

                                                            = 3.34

Stagflation is when there is a BLANK shock that causes high levels of both inflation and unemployment.

Fill in the BLANK:
employment
low
demand
supply

Answers

Answer:Supply

Explanation:

Stagflation is described as a situation in which an economy has both an increase in inflation and a stagnation in economic production. Stagflation was first recognized in the 1970s when an oil shock produced fast inflation and high unemployment in many developed economies.

So, Option D is correct as Due to a combination of rising prices and decreased output, a supply shock can generate stagflation.

The other options are incorrect as:

Option A is incorrect as employment shock is not what causes a high level of inflation and unemployment.

Option B is incorrect as a High level of inflation and unemployment is not caused by Low shock.

Option C is incorrect as A demand shock is a sudden, unanticipated incident that briefly raises or diminishes sales volume or service.

Thus Option D is the correct shock that causes high inflation and unemployment.

For more information about Stagflation refer to the link:

https://brainly.com/question/2703769

The best managed companies will have
O some accounts that will prove to be uncollectible.
O a very lenient credit policy.
a very strict credit policy.
O no uncollectible accounts.

Answers

A very strict credit policy

Bailey Corporation budgets on an annual basis for its fiscal year. Three pounds of raw material are needed to produce each unit of finished product. The following beginning and ending inventory levels (in units) are planned for next year. Beginning Inventory Ending Inventory Raw material 30,000 40,000 Finished goods 70,000 60,000 If Bailey Corporation plans to sell 510,000 units during next year, the number of units it would have to manufacture during the year would be:

Answers

Answer:

500,000 units

Explanation:

The Production Budget can be used to determine the number of units that needs to be manufactured in order to meet Sales and Inventory targets as follows :

Production Budget for Next Year

Sales                                                                             510,000

Add Closing Finished Goods Inventory                      60,000

Total                                                                             570,000

Less Opening  Finished Goods Inventory                 (70,000)

Budgeted Production                                                 500,000

Therefore,

The number of units it would have to manufacture during the year would be 500,000

Identify the form of communication in which an individual both speaks up for their rights and also takes others' rights and feelings into account.

a.Assertive communication

b.Passive communication

c.Aggressive communication

d.Empathetic communication

Answers

A. Assertive Communication

what is the yearly salary or hourly wage of a librarian?​

Answers

Answer:

The average hourly rate for Librarian ranges from $27 to $38 with the average hourly pay of $32. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $27 to $38.....

Answer:

Librarians make an average of $47,925 yearly in the United States.

monthly around $3,993

Explanation:

g A decrease in Inventory is reported as: Group of answer choices Operating Activities, Positive cash flow adjustment to net income Operating Activities, Negative cash flow adjustment to net income Investing Activities, Positive cash flow Investing Activities, Negative cash flow Financing Activities, Positive cash flow Financing Activities, Negative cash flow

Answers

Answer:

Positive cash flow adjustment to net income Operating Activities

Explanation:

A decrease in inventory presents a saving on the Company side in Cash Flow terms in ordinary course of business (operations). Therefore, the correct option is : A decrease in Inventory is reported as a Positive cash flow adjustment to net income Operating Activities.

The journal entry to transfer completed products from production to finished goods inventory includes which two of the following?
a. Debit to Finished Goods Inventory
b. Credit to Work in Process Inventory
c. Credit to Finished Goods Inventory
d. Debit to Work in Process Inventory
e. Debit to Raw Materials Inventory
f. Credit to Raw Materials Inventory

Answers

Answer:

c. Credit to Finished Goods Inventory

e. Debit to Raw Materials Inventory

Please remind me if one of them is correct or wrong or if both are wrong/correct

Explanation:

Suppose that supply increases in the market for minor oral surgeries, where the surgery can be done in the dentist's office and price elasticity of demand is 4.5. Then suppose that supply increases in the market for major reconstructive oral surgeries that have to be performed by the dentist in a hospital or surgicenter with emergency life-saving equipment on hand, and the price elasticity of demand is 0.60.

In which of these markets will the quantity demanded change the fastest toward a new equilibrium?

Answers

Answer:

Quantity demanded would change the fastest in the market for minor surgeries

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

The demand for minor surgeries is elastic while the demand for major surgeries is inelastic.

If supply increases in each of these market, it means that there are more doctors available to perform surgeries. This would lead to a rightward shift of the supply curve. As a result, price would reduce.

Because demand is elastic in the market for minor surgeries, the reduction in price would lead to a greater increase in demand for surgeries

While, in the market for major surgeries, there would be little or no change in the demand  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Quantity demanded would change the fastest in the market for minor surgeries

A local jacket distributor expects to sell 9,000 black fleece jackets in a year. Assume that EOQ model assumptions are valid. Each jacket costs $50, ordering cost is $100 per order, and holding cost is 1 dollar per jacket per month. What is the annual inventory cost (excluding purchasing cost) if 500 jackets are ordered at a time

Answers

Answer: $4,800

Explanation:

First find the Annual holding cost:

= Average inventory * Cost of holding a unit

= 500/2 * 1 * 12 months

= $3,000

Then find the Annual ordering cost:

= Expected units to be sold/ Units ordered * Ordering cost

= 9,000/500 * 100

= $1,800

Annual Inventory cost = Annual holding cost + Annual ordering cost

= 3,000 + 1,800

= $4,800

You are considering two different methods for constructing a new warehouse site. The first method would use prefabricated building segments, would have an initial cost of $6.5 million, would have annual maintenance costs of $150,000, and would last for 25 years. The second alternative would employ a new carbon-fibre panel technology, would have an initial cost of $8.2 million, would have maintenance costs of $650,000 every ten years, and is expected to last 40 years. Both buildings would be in CCA Class 1 (at a rate of 4 percent) and it is expected that each would have a salvage value equivalent to 25 percent of its construction cost at the end of its useful life. The discount rate the firm uses in evaluating projects is 11 percent. The tax rate is 35 percent. What is the annual cost for each option? (Enter the answers in dollars. Do not round your intermediate calculations. Round the final answers to 2 decimal places. Negative answers should be indicated by a minus sign.)

Answers

Answer:

The first method would use prefabricated building segments, would have an initial cost of $6.5 million.

On June 1, 2016, Skylark Enterprises, a calendar year LLC reporting as a sole proprietorship, acquired a retail store building for $500,000 (with $100,000 being allocated to the land). The store building was 39-year real property, and the straight-line cost recovery method was used. The property was sold on June 21, 2020, for $385,000.

The cost recovery is $__________, and the adjusted basis for the building is $_________

Answers

Answer:

Skylark Enterprises

The cost recovery is $___41,024___, and the adjusted basis for the building is $__358,976___

Explanation:

a) Data and Calculations:

Cost of retail store acquired = $500,000

Property acquisition date = June 1, 2016

Property disposal date = June 21, 2020

Length of use of property before disposal = 4 years and 21 days

Cost allocated to Land = $100,000

Cost allocated to Building = $400,000

Annual Depreciation expense = $10,256 ($400,000/39)

Cost recovery after 4 years = $41,024 ($10,256 * 4)

Adjusted basis for the building = $358,976 ($400,000 - $41,024)

b) The adjusted basis for the building is the cost of the building minus its accumulated depreciation for the number of years it has been in use.

Answer:

a) Compute the cost recovery and adjusted basis for the building.

Total cost recovery is $41,032, and the adjusted basis for the building is $358,968.

b) What are the amount and nature of Skylark's gain or loss from disposition of the property? What amount, if any, of the gain is unrecaptured § 1250 gain?

There is $73,968 of recognized loss on the sale of the property, of which none is subject to § 1250 recapture.

Explanation:

a) Take the building basis of $400,000 times the applicable MACRS percentage from table 8.8 in the Cengage text for each year.

2016: $400,000 x 0.01391 = $5,564

2017: $400,000 x 0.02564 = $10,256

2018: $400,000 x 0.02564 = $10,256

2019: $400,000 x 0.02564 = $10,256

2020: $400,000 x (0.02564*(5.5/12 months)) = $4,701

Total Cost Recovery = $41,032 (I had to round down to get it correct)

Then, take the basis minus the total cost recovery to get the adjusted basis.

$400,000 - $41,032 = $358,967 (This one needed to be rounded up...)

b) The loss on the sale is computed by taking the sales price minus the adjusted basis (plus the cost of the land).

$385,000 - ($358,967 + $100,000) = $73,968 (This one also needed to be rounded up...)

There is no 1250 recapture because:

1. The property was depreciated with straight-line, which is not eligible for recapture, and

2. because the property was sold at a loss.

Hopefully this helps! Good luck!!

Sophia purchased a variable annuity contract with a purchase payment of $70,000. Surrender charges begin with 9 percent in the first year and decline by 1 percent each year. In addition, Sophia can withdraw 12 percent of her contract value each year without paying surrender charges. In the first year, Sophia needed to withdraw $13,700. Assume that the contract value had not increased or decreased because of investment performance. What was the surrender charge Sophia had to pay

Answers

Answer:

$477

Explanation:

Calculation to determine the surrender charge Sophia had to pay

Using this formula

Surrender charge = [Withdraw all amount - (Free withdraw all % x Account value)] x Surrender charge

Let plug in the formula

Surrender charge= [$13,700 - (0.12 x $70,000)] x 0.09

Surrender charge= ($13,700-$8,400)×0.09

Surrender charge=$5,300×0.09

Surrender charge=$477

Therefore the surrender charge Sophia had to pay is $477

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