Answer:
Option E It is multiplied by the material unit cost to calculate the per unit carrying cost.
Explanation:
The reason is that the carrying cost which is also known as holding cost is the cost of holding a unit material for a year and this can be calculated as:
Holding Cost is also given in percentage of material price and is calculate by multiplying it with the material unit cost to calculate the holding cost per unit per year.
So the option E is correct.
Answer:
The adjustment balance will be of 18,000
Explanation:
We should build Accounts Receivables T-account to get the adjusted balance:
Accounts Receivables
<u>DEBIT CREDIT</u>
15,000 UNADJUSTMENT
<u> 3,000 ADJUSTMENT</u>
18,000 ADJUSTED BALANCE**
**As the adjustment is in the same side as the unadjusted balance, we add it. So we end up with 15,000 + 3,000 = 18,000
Answer:
Annual deposit= $26,344.36
Explanation:
Giving the following information:
The interest rate is 7 percent per year.
He wants to have enough money to provide him with $3,000 of monthly income for 30 years. To date, he has saved nothing, but he still has 20 years until he retires.
First, we need to calculate the total amount of money required:
Final value= 3,000* (30*12)= $1,080,000
Now, we can calculate the annual deposit:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
FV= 1,080,000
i= 0.07
n= 20
A= (1,080,000*0.07) / [(1.07^20) - 1]= $26,344.36
The agent's commission is $5,950
A commission agent acts as a go-between for enterprises of all sizes when dealing with suppliers. A person in this position may operate in a variety of fields, including real estate, sales, and entertainment, as well as throughout the world. Additionally, a commission agent may simultaneously serve multiple companies.
An international agent who receives payment as a percentage of the sales they bring in. The Agent strictly complies with the sale terms specified to it by the Principal while making products available to potential customers in a certain territory (often a country). The Agent's and Principal's relationship is solely business-related; there is no employment connection between them.
To learn more about agent's commission here
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