Answer:
5341288
Explanation:
Data provided in the question:
Volume of the living quarters = 213 cubic feet
Now,
The dimensions of the US dollar bills are
width = 2.61 inches
Length = 6.14 inches
Thickness = 0.0043 inches
Thus,
Volume of a single dollar bill = 2.61 × 6.14 × 0.0043
= 0.06890922 cubic inches
Also,
Volume of quarter in cubic inches = 213 × 12³
[ ∵ 1 ft = 12 inches ; 1 ft³ = 12³ cubic inches]
Thus,
Volume of quarter in cubic inches = 368064 cubic inches.
Thus,
Number of dollar bills that can fit in there
= [ Volume of quarter in cubic inches ] ÷ Volume of a single dollar bill
= 368064 ÷ 0.06890922
= 5341288.15 ≈ 5341288
The purchase of low-quality materials would most likely the result of a favorable materials price variance coupled with an unfavorable material usage variance. Material price variance is the difference between the cost and the budgeted and actual cost to obtain an object or materials, multiply to the total amount of the product purchased. They are what you called positive value of direct material price and negative value of direct material price. A positive value of direct material price variance is the one that is favorable and it means that the direct material was purchased for a lesser price than the standard price. A negative value of direct material price variance is the one that is unfavorable and it means that more than the expected price per unit is paid.
It is and should be the managers job to do that
Answer: Proposal C
Explanation:
The way to solve this is to calculate the Present Values of all these payments. The smallest present value is the best.
Proposal A.
Periodic payment of $2,000 makes this an annuity.
Present value of Annuity = Annuity * ( 1 - ( 1 + r ) ^ -n)/r
= 2,000 * (1 - (1 + 0.5%)⁻⁶⁰) / 0.5%
= $103,451.12
Proposal B
Present value = Down payment + present value of annuity
= 10,000 + [2,200 * ( 1 - ( 1 + 0.5%)⁻⁴⁸) / 0.5%]
= 10,000 + 93,676.70
= $103,676.70
Proposal C
Present value = Present value of annuity + Present value of future payment
= [500 * (1 - (1 + 0.5%)⁻³⁶) / 0.5%] + [116,000 / (1 + 0.5%)⁶⁰]
= 16,435.51 + 85,999.17
= $102,434.68
<em>Proposal C has the lowest present value and so is best. </em>
