Answer:
<em>n = 33.8108479</em>
Explanation:
We will calculate the current principal
And then calculate the time period it takes with a higher payment of 675 dollars per month:
C $ 500
time 48 ( 4 years x 12 months per year)
rate 0.0075 (9% annual divide by 12 months)
PV $20,092.3909
Now we recalculate n:
C $675.00
time n
rate 0.0075
PV $20,092.3900
<u>from the annuity formula we solve as we can until arrive at this situation:</u>
<u>We use logarithmics properties to solve for n:</u>
<em>n = 33.8108479</em>
Answer:
Predetermined overhead rate = $0.8 per hour
Overhead applied in December = $34,960
Explanation:
Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor hours
Predetermined overhead rate = $416,000 / 520,000 hours
Predetermined overhead rate = $0.8 per hour
(as Direct labor cost is equal to total direct labor hours worked multiplied by the wage rate.)
Actual Labor hour = 43,700
Overhead applied in December = 43,700 hours x $0.8 = $34,960
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Direct materials= 33,000
Direct labor= 13,000
Manufacturing overhead= 23,000
The prime cost is the sum of total direct material and total direct labor. The conversion cost is the sum of direct labor and allocated overhead.
Prime cost= direct material + direct labor
Prime cost= 33,000 + 13,000= $46,000
Answer and Explanation:
The computation of the effective interest rate is shown below:
For Fidelity bank
= (2 × 4 × $150,000 × 0.12) ÷ (4 +1 )× ($150,000 - $18,000 - ($150,000 × 26%)
= 30.97%
For southwest bank
= (2 × 12 × $150,000 × 0.12) ÷ (12+1 )× ($150,000 - ($150,000 × 13%)
= 25.46%
D) All of the above because they all go through a process called “transferring” which means connecting to someone else’s device through WiFi and transferring payments through there.
