Answer:
The answer is 17.67 years.
Explanation:
Present value is $2,500
Future value of the money to be double of the present value. This means the future value will be $5,000($2,500 x 2)
Interest rate is 4%
Number of years or periods to reach this $5,000 is unknown. So we are looking for this.
To compute this number of periods, lets use Financial calculator.
I/Y = 4; PV= -2,500; FV= 5,000; CPT N= 17.67 years.
Therefore, the number of years to accumulate to $5,000 is 17.67 years
Internal users of financial information Are those individuals involved in managing and operating the company.
Answer: Option (B) is correct.
Explanation:
Internal users are people inside the organization. Internal users of financial information are those who are directly involved in managing and operating the organization. They make use of the information to improve the efficiency and effectiveness of an organization.
Internal users consist of all managers like purchase managers, human resource managers, marketing managers, service managers, etc. it consists of employees and the owner of a concern. Internal users take various important decisions based on financial information.
Answer:
$7,200
Explanation:
The computation of the total manufacturing overhead assigned is shown below:
= ($168,640 + $127,840 + $554,400 + $1,078,000) ÷ $514,368
= 375% per direct-labor dollar.
Now
= $514,368 ÷ 8,037
= $64 per DL hour.
And,
= $64 × 30 direct labor hours
= $1920.
So,
Manufacturing overhead is
= 1920 × 375%
= $7,200
Answer:
The depreciation expense is $5638.46 and the Addition to retained earnings is 4865
Explanation:
Solution
Given that:
Sales = $95805
Less: Costs = $75885
Less depreciation expense ($95805 - $75,885 - 14281.54) = $5638.46
EBIT (12161.54 + 2120) = 14281.54
Less: Interest expense =2120
EBT (100%)(7905/0.65) = 12161.54
Less: tax at 35%(12161.54*35%) =4256.54
The Net income(65%) = 7905
The Less:dividends = 3040
Addition to retained earnings =4865
mind fact sub happy wala birthday quiz frist video