Suppose you deposit $100 today in an account paying 10% simple annual interest rate, and you plan to leave the money in the account for five years. How much interest will you earn in the second year

Wallace company provides the following data for next year: month budgeted sales january $120,000 february 108,000 march 140,000 april 147,000 the gross profit rate is 35% of sales. inventory at the end of december is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. what is the amount of purchases budgeted for january?