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3 years ago

7

Zeke earns $500 a month at his job. He also gets a $100 a month allowance for doing his chores around the house. How much is his

annual income?

2 answers:

Ainat [17]3 years ago

7 0

Answer:

His annual income is $7,200

Explanation:

Because 500 x 12(bc there are 12 months) = 6,000

and 100 x 12 = 1,200

6,000 + 1,200= $7,200

Usimov [2.4K]3 years ago

3 0

His annual income is $7200

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The company makes 340 units of product P23F a year, requiring a total of 710 machine-hours, 80 orders, and 40 inspection-hours p

kifflom [539]

Answer:

$ 5,401.60

Explanation:

Activity cost pool

<em>Assembly</em>: $ 698,720 (Total Cost) / $ 44,000 (Total activity machine-hours)

= $ 15.88 per machine-hour

<em>Processing Orders</em>: $ 90,763 (Total cost) / 1,900 orders = 47.77 per order

<em>Inspection</em>: $ 119,535 / 1,950 inspection-hours = $61.30 per inspection-hour

Overhead Costs:

Assembly: 15.88 per MH *710 MHs = 11,274.80

Processing Orders: $ 47.77 per order * 80 orders = $3,821.60

Inspection: $ 61.30 per IH * 40 IHs = 2,452.00

<em>Sales</em>: (340 * 121.90) = $ 41,446.00

<em>Costs</em>:

Direct materials (340 * 40.05) = $ 13,617.00

Direct labor (340 * $ 14.35) = $ 4,879.00

Assembly $ 11,274.80

Processing $ 3,821,60

Inspection $ 2,452.00

<em>Total of costs</em>: $ 36,044.40

<em>Product Margin</em>: (Costs - Sales) $ 5,401.60

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3 years ago

You have just taken out an installment loan for $100,000. Assume that the loan will be repaid in 12 equal monthly installments o

Rama09 [41]

Answer:

$7,757.16

Explanation:

rate of interest = 2%

Rate(12, 9456-100000)

Rate(nper,pmt,pv)

APR = 24.00%

(Rate*12)

Principal for third monthly payment = PPMT(2%,3,12,-100000)

= $7,757.16

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3 years ago

The market capitalization of this company is $140 million, it's beta is 0.75, the risk free rate is 2% and the market risk premi

tiny-mole [99]

Answer:

Ans. The cost of equity capital is 6.5 (6.5%)

Explanation:

Hi, all we need to do is fill the following equation with the data from the problem.

$r(e)=rf+beta*(MRP)$

Where:

rf = Risk free rate (in our case, 2%)

MRP = market risk premium (in our case, 6%)

r(e) = Cost of equity capital

Therefore, this is what we get.

$r(e)=0.02+0.75*0.06=0.065$

So the cost of equity capital is 6.5% or 6.5 as the problem suggests to answer.

Best of luck.

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3 years ago

Task 2: Record the listed transactions of Nikea Inc. for the first quarter (January to March) in

gavmur [86]

Answer and Explanation:

The journal entries are shown below:

a. Cash Dr $20,000

To Capital $20,000

(being the issuance of the capital stock is recorded)

b. Rent Dr $5,000

To cash $5,000

(being the rent paid is recorded)

c. Supplies dr $1,500

To Account payable $1,500

(being the supplies purchased on account is recorded)

d. Account payable Dr $1,000

To cash $1,000

(being the amount paid is recorded)

e. Cash Dr $25,000

To sales commission $25,000

(being the sales commission earned is recorded)

f. Automobile expense $4,500

To Cash $4,500

(being cash paid is recorded)

g. Office salaries Dr $8,000

To cash $8,000

(being cash paid is recorded)

h Supplies expense $1,500

To supplies $1,500

(being supplies expense is recorded)

g. Dividend payable $1,500

To Cash $1,500

(being dividend paid is recorded)

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3 years ago

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Bezzdna [24]

Answer:

All of the above

Explanation:

Accounting is usually a computer-based method which helps to take care of certain business activities. Accounting is a crucial sector of any business and one slight wrong move can change the complete outlook of a business. Accounting is an information system that helps to process information into numbers. Likewise, it helps to understand how the business is moving and it shows the results of a business decision.

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3 years ago