Answer:
"$127.11 per unit" is the correct approach.
Explanation:
The activity cost as per the questions will be:
Activity 1:
= 
= 
($)
Activity 2:
= 
= ($)
Activity 3:
= 
= 
($)
Now,
The overhead cost for digital cameras will be:
= 
= 
= 
($)
Per unit overhead cost will be:
= 
= 
($)
hence,
The total cost will be:
= 
= 
= 
($)
Answer:
The value of cost of goods sold is $2,730 as shown below
Explanation:
The sale of 120 units made on January 17 is valued at $1,080 (120*$9) taking from stock purchased last on January 1
The sale of 160 units on January 29 is valued at $1,650 (150 units*$11) taking the items purchased last on January 20
The cost of goods sold =$1,080+$1,650
Cost of goods sold=$2,730
The value of closing inventory=30*$9+10*$11
=$270+$110
=$380
Hence value of costs of good sold is $2,730 while closing inventory is valued at $380
Answer:
$2681.30 approx.
Explanation:
The first annuity is case of annuity due
For the first annuity, $2500 + 2500 × cumulative present value factor at 7.25% for 14 years
= $2500 + 8.6158 × 2500
= $24040 approx
The second annuity is the case of deferred annuity wherein payments are made at the end of the year.
Payment amount of second annuity = Present Value of first annuity ÷ cumulative present value annuity factor at 7.25% for 15 years
This will be equal to 24,040/8.9658 = $2681.30 approx.
Answer: e. 0.20
Explanation:
The Reserve Requirement is a reserve that the central bank of a country requires that Banks hold in case people started making sudden withdrawals. This way the bank is not in danger of being unable to meet those demands.
The Reserve Requirement is a ratio to the Deposits in the bank by the public.
From the above, the deposits to the bank total $100 million.
The Required Reserves totals $20 million.
This means that the Required Reserves are,
= 20 million / 100 million
= 0.20
