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1 year ago

the market interest rate is often called the group of answer choices effective rate. stated rate. contractual rate. coupon rate.

1 answer:

5 0

The market interest rate is often called the effective interest rate. It is also known as the yearly equivalent rate, the effective interest rate, and the effective rate (AER).

The true return on a savings account or any other interest-paying investment is known as the effective annual interest rate when the advantages of compounding over time are taken into consideration. Additionally, it shows the precise percentage rate of interest on all unpaid debts, such as credit card balances and loans.

The effective yearly interest rate serves as a proxy for the actual interest rate on a loan or investment. The most important feature of the effective yearly interest rate is the fact that it takes into account the fact that greater effective interest rates will arise from more frequent compounding periods.

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Taylor Enterprises purchased 56,000 pounds (cost = $420,000) of direct material to be used in the manufacture of the company's s

Gelneren [198K]

Answer:

The right answer is Option (D).

Explanation:

According to the Scenario, the given data is:

Standard cost : $14.80 / hour

Total working hour: 22,000 hour

Total units : 10,900 units

working hour for a single unit: 2 hours/unit

So, the direct-labor efficiency balance can be calculated as:

Direct-labor efficiency variance = Standard Cost × ( Total working hour - Standard working hour )

Where, Standard working hour = total units × working hours per unit

= 10900 × 2 = 21800 hours

So, Direct-labor efficiency variance = 14.80 × ( 22000 - 21800 )

= 14.80 × 200 = 2960 ( unfavorable )

Hence the correct answer is option (D).

6 0

3 years ago

Read 2 more answers

If 10,000 units which were 50% completed are in process at November 1, 90,000 units were completed during November, and 20,000 w

kakasveta [241]

Answer:

False

Total equivalent units 89,000 units

Explanation:

Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work. These units are determined as follows:

Equivalent units = Degree of work done(%) × units of inventory

Item unit Equivalent unit

Opening inventory 10,000 50% × 10,000 5000

Fully worked unit 80,000 100%× 80,000 80,000

Closing inventory 20,000 20% × 20,000 4,000

Total equivalent units 89,000

Notes:

1. Fully work represent units started and completed in the same period. They exclude the opening inventory.

Fully worked = 90000- 10,000 =80,000.

2. Note also at that the degree of completion for opening inventory is the simply the balance of work remaining to be done.

For example, for materials, 50% of work has been done on the opening inventory in the last period, hence the balance of 50% would be done this period

6 0

3 years ago

The demand for this type of good rises when income falls and falls when

Amiraneli [1.4K]

Answer:

o inferior

Explanation:

The inferior goods shown the inverse relationship between the demand and the income. If the demand of the goods is increased so the income would fall and if the demand of the goods fall so the income would rises

So this represent that the good is an inferior good

Hence, the second option is correct

4 0

2 years ago

In the month of November Marigold Corp. wrote checks in the amount of $43300. In December, checks in the amount of $59239 were w

yanalaym [24]

Answer:

$11,977

Explanation:

The difference between the balance of the total checks written and balance of the total checks presented for withdrawal gives the amount outstanding.

As such, amount of outstanding checks at the end of December is the net of the balance of the checks written in November and December and the balance of the checks presented in the same period.

This is

= $43300 + $59239 - $39630 - $50932

= $11,977

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3 years ago

Read 2 more answers

The following information is for S&P Enterprises for the month of September: Direct materials $82,000 Direct labor $51,000 V

prisoha [69]

Answer and Explanation:

The computation of the total period cost is shown below:

Variable selling expense $16,000

Fixed selling expense $15,000

Variable administrative expense $6,000

Fixed administrative expense $18,000

Total period Cost $51,000

ANd, the total fixed cost is

Fixed Manufacturing overheads $30,000

Fixed selling expenses $15,000

fixed admin expenses $18,000

Total fixed cost $63,000

We simply added all the above items

7 0

3 years ago