Answer:
See answers below
Explanation:
1 The predetermined overhead rate
= Cost of manufacturing overhead / Cost driver.
Where cost driver
= labor cost / labor rate
= $240,192 / $12.51
= 19,200 hours
Expected overhead
= depreciation + supervisor + supplies + property tax
= 56,500 + 140,000 + 46,400 + 27,750
Total overhead = 270,650
Overhead rate = 270,650 / 19,200
= 14.10 per hour
2. The amount t of applied overhead for of 18,500 actual hours were worked on
= 18,500 hours × $14.10
= $260,850
Musical instruments are grouped into families based on how they make sounds. In an orchestra, musicians sit together in these family groupings. But not every instrument fits neatly into a group. For example, the piano has strings that vibrate, and hammers that strike.
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Answer:
c. $326,948
Explanation:
we must determine the market price of the bonds:
market price = PV of face value + PV of coupons
- PV of face value = $300,000 / (1 + 2%)¹⁰ = $246,104.49
- PV of coupons = $9,000 (coupons) x 8.9826 (PV annuity factor 2%, 10 periods) = $80,843.40
total market price = $326,947.89 ≈ $326,948
since the market rate is lower than the coupon rate, the bonds should be sold at a premium.
False
It’s it’s too good to be true then theirs a catch which makes the deal worse
Answer:
The dollar return is $45
nominal rate is 4.46%
real rate is 1.46%
Explanation:
The total dollar return on the bond can be calculated as: price today+coupon received-price paid last year
price today is $985
price paid last year $1010
coupon received =$1000*&7%=$70
dollar return=$985+$70-$1010
=$45
The nominal return on investment =dollar return return/price paid last year
=45/1010
=4.46%
nominal rate =real rate +inflation rate
real rate =nominal rate-inflation rate
nominal rate =4.46%
inflation rate=3%
real rate=4.46%-3%
real rate=1.46%
