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vaieri [72.5K]
3 years ago
8

It took her 9 more months but Marina has managed to save the full $650 plus more to cover fees to pay off the pay-day loan compa

ny. However, she forgot to account for the interest that had been compounding over time. Considering it is now 275 days later, the remaining loan was $650 and the APR is 47% compounded daily, what is the total amount that Marina must now pay in order to pay off her the loan, accounting for interest?
Business
1 answer:
kondaur [170]3 years ago
7 0
Considering the 47% APR which is compounded daily, after 9 months or 275 days Marina should pay $925.98 to pay off her loan.
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Explain why the human resource function should be aligned with an organization’s strategic plan (use ideas from the Module One d
hjlf

Answer: For Manpower allocation

For effective cost management/Budgeting.

Explanation:Human Resource function is a management activity that regulates the processes involved in planning, recruitment, allocation, training, compensation and ensuring that the organization performs effectively.

HR function should be aligned with an organization's strategic plan to ensure PROPER MANPOWER ALLOCATION (this will ensure the right person,persons with the needed skills are recruited and allocated).

Effective cost management/Budgeting(this will ensure that manpower allocation shall be based on the strategic budget by management)

3 0
3 years ago
Josh’s Manufacturing Company reported fixed manufacturing overhead of $2,500,000, and 2,600,000 total units. The variable manufa
sleet_krkn [62]

Answer:

$0.54

Explanation:

Given: Fixed manufacturing overhead = $2500000.

           Total number of unit= 2600000.

            The variable manufacturing costs= $1.50 per unit.

First finding the cost per unit of manufacturing overhead.

Cost per unit of manufacturing overhead= \frac{Fixed\ manufacturing\ overhead}{Total\ number\ of\ units}

⇒ Cost per unit of manufacturing overhead= \frac{2500000}{2600000}

∴ Cost per unit of manufacturing overhead= $0.96154

Next finding the cost per units using absorption costing.

Cost per unit= Per\ unit\ variable\ manufacturing\ cost - Per\ unit\ cost\ of\ fixed\ manufacturing\ overhead⇒ Cost per unit= \$ 1.50 -\$ 0.96154

∴ Cost per unit= 0.5384 \approx \$0.54

Hence, $0.54 is the cost per unit using absorption costing.

4 0
3 years ago
40. The Battaglia Co. produces lounge chairs. At a budgeted amount of 10,000 lounge chairs the manufacturing overhead is $50,000
bija089 [108]

Answer:

C. $4,500 favorable

Explanation:

Spending Variance is the difference between the actual and estimated value of the expense. In this question we need to calculate the variance of total manufacturing overhead.

Variable

Actual Variable cost = $60,500

Manufacturing overhead application rate = Budgeted overhead / Budgeted units = $50,000 / 10,000 units = $5 per unit

Applied Overhead = Actual production x application rate = 11,000 units x $5 = $55,000

Variance = $60,500 - $55,000 = $5,500 unfavorable

Fixed

Actual fixed overhead = $125,000

Budgeted Fixed overhead = $135,000

Variance = $135,000 - $125,000 = $10,000 Favorable

Total Variance = Variance of variable manufacturing overhead cost + Variance of fixed manufacturing overhead cost

Total Variance = $10,000 Favorable - $5,500 unfavorable

Total Variance = $4,500 Favorable

4 0
3 years ago
Compute the debit for each of 3 companys round off 2 decimals
Gennadij [26K]

Answer:

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8 0
3 years ago
A candy manufacturer uses 8,280 pounds of sugar in 30 working days. The lead time for sugar is 10 days. Safety stock is 3 days'
Dimas [21]

Answer :

Stock reorder point is 3588 pounds

Step-by-step explanation :

Stock Reorder Point = ( Lead time × Average daily sales ) + Safety stock

We are given, lead time = 10 days , total sugar consumption is 8280 pounds in 30 days

\implies Average\thinspace daily\thinspace sales=\frac{Total\thinspace sugar\thinspace consumed}{No.\thinspace of\thinspace days}\\\\\implies Average\thinspace daily\thinspace sales=\frac{8280}{30}=276\thinspace pounds

Safety stock = 3 days per usage

\implies Exact\thinspace amount\thinspace of\thinspace safety\thinspace stock=3\cdot Average\thinspace daily\thinspace sales = 3\cdot 276 = 828\thinspace pounds

Now, Reorder point is given by :

Stock\thinspace Reorder\thinspace Point = ( Lead\thinspace time \cdot Average\thinspace daily\thinspace sales ) + Safety\thinspace stock\\\implies Stock\thinspace Reorder\thinspace Point = 10\cdot 276\thinspace +\thinspace 828 = 3588\thinspace pounds

Hence, Stock Reorder Point = 3588 pounds


8 0
4 years ago
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