Answer:
23.68%
Explanation:
The computation of the cost of not taking a cash discount is shown below:-
Cost of not taking a cash discount = [Discount percentage ÷ (100% - Disc.%)] × (360 ÷ (Final due date - Discount period))
= (2% ÷ 98%) × (360 ÷ (50 - 19))
= 2.04% × 11.61
= 23.68%
Therefore for computing the cost of not taking a cash discount we simply applied the above formula.
Answer:
$555,750
Explanation:
First we need to calculate the units produced in the month of August.
We know that the opening inventory of finished goods is equal to 40% of that month's sale.
- The Opening inventory of August will be: 11100 * 0.4 = 4440
- Units produced in august relating to August sales will be 11100 - 4440 = 6660
- Units produced in August relating to September's sales will be 12600 * 0.4 = 5040
- Total units produced in August = 6660 + 5040 = 11700 units
- labour hours required for August = 11700 * 2.5 = 29250 direct labor hours
- So, Direct labor Cost = 29250 * 19 = 555750
Answer:
sunk cost
Explanation:
Sunk cost is cost that has already been incurred and it cannot be recovered. When making future decisions, sunk cost should not be considered.
The money i paid for the ticket is the sunk cost. I should not consider this cost when making the decision of whether to for the concert or not to
Answer: $1,495.92
Explanation:
The amount you plan to borrow from the bank is:
= Cost of house - down payment
= 127,242 - 30,313
= $96,929
The amount to be paid is constant and so is an annuity. The loan amount is the present value of this annuity.
Term = 20 * 12 = 240 months
Interest = 18% / 12 = 1.5% monthly
Present value of annuity = Annuity * ( 1 - (1 + rate) ^-number of periods) / rate
96,929 = Annuity * (1 - (1 + 1.5%) ⁻²⁴⁰) / 1.5%
96,929 = Annuity * 64.79573209
Annuity = 96,929 / 64.79573209
= $1,495.92
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