Answer:
Manufacturing cost , Prime cost
Explanation:
The direct materials are used in production and can be directly traced to the cost object.Thus direct materials are manufacturing costs and prime cost of a cost object.
Answer:
Employer should withheld $1,643 from Baker's salary
Explanation:
Baker earned $113,300 in 2012. As on 2012, FICA tax rate withheld from employee's salary is 7.65% that constitutes 4.5% of social security, 1.45% of medicare taxes and 2% additional for employees whose wages exceed $18,350.
The gross income base for social security part has increased in 2012 to $110,100. This is not applicable for medicare tax of 1.45%.
Here, Baker's salary of $113,300 is above social security limit, so his income will not be withheld for social security. However, 1.45% of his salary will be withheld for medicare tax.
Therefore, $1,643 that is 0.0145×113,300 is withheld from his salary.
Answer:
14.76%
8.37%
8.99%
13.89%
Explanation:
the formula for finding APR is - periodic interest rate x number of times compounded
Periodic interest rate = (EAR + 1 ) ^1/m - 1
(0.153 + 1)^1/2 - 1 = 0.0738 = 7.38
APR = 2 x 7.38% = 14.76%
(0.087 + 1)^1/12 - 1 = 0.006976
APR = 0.006976 X 12 = 0.0837 = 8.37%
(0.094 + 1 ) 1/52 - 1 = 0.001729
0.001729 x 52 = 0.0899 = 8.99%
(0.149 + 1)^1/365 - 1 = 0.000381
0.000381 x 365 = 0.138918 = 13.89%
Answer:
EPS = 1.077
Explanation:
302,000 shares at december 31th, 2017
202,000 issued
504,000 total
(net income - preferred stock dividends) / common stock
(626,000-83,000 ) / 504,000 = EPS = 1.077380952 = 1.077
Answer:
Y = $391.10
Explanation:
We have 0.125<em>B</em>(n-1) = i
B(n-1) = In = 142.78
So that B(n-1) = 142.78/0.125 = 1142.24
Furthermore, B(n-1) = <em>Px = Pv </em>= P/(1+0.125) = 1142.24
P/1.125 = 1142.24
P = 1142.24*1.125
P = 1285.02.
The total amount of the loan = Principal repaid as of time (n-1) + Principal repaid in last payment
= 6009.12 + 1142.24
= 7151.36
So, the total amount of the loan is 7151.36.
The principal repaid in the first payment Y = 1285.02 - 0.125*7151.36
Y = 1285.02 - 893.92
Y = $391.10
