Answer:
The answer is $86,167.57 (to 2 decimal places)
Explanation:
In this question, we are to calculate the present value of a certain amount that is compounded semiannually, and after 10 years, yields a future value of $200,000. To calculate this, we will use the formula for calculating present value as follows:
PV = FV ÷ 
where:
PV = present value = ???
FV = future value = $200,000
r = interest rate in decimal = 8.6% = 0.086
n = compounding period pr year = semiannually = 2
t = time of compounding in years = 10
Therefore,
PV = 200,000 ÷ 
PV = 200,000 ÷ 
= $86,167.57
It's called dividend. It's their share of the profit
Answer:
C. $1,370,000
Explanation:
Calculation to determine the cost figures that should be used in setting a minimum bid price if Harlen has excess capacity
Direct material $340,000
Direct labor $610,000
Allocated variable overhead $420,000
Minimum bid price $1,370,000
($340,000+$610,000+$420,000)
Therefore the cost figures that should be used in setting a minimum bid price if Harlen has excess capacity is $1,370,000
Business services are expense items that do not become part of a final product.
Business services are intangible items such as IT, finance, management, shipping and more. These services support each other but do not become part of the final product. Installations and supplies are both part of the final product. Supplies to build and installations to put together.
