According to the rule of 72, if holly invests $200, $400, and $1000 into three separate accounts with the same interest rate, wh
2 answers:
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Answer:
6.75%
Explanation:
In this question, we use the Rate formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
This is correct Present value = $976.87
Assuming figure - Future value or Face value = $1,000
PMT = 1,000 × 6.5% = $65
NPER = 15 years
The formula is shown below:
= Rate(NPER,PMT,-PV,FV,type)
The present value come in negative
So, after solving this, the answer would be 6.75%
Answer:
predetermined overhead allocation rate is $228 per hour
Explanation:
given data
Estimated over head costs = $8,000,000
Estimated machine hours = 35,000
actual machine hours = 31,000
to find out
predetermined overhead allocation rate
solution
we know that predetermined overhead allocation rate is express as
predetermined overhead allocation rate =
put here value
predetermined overhead allocation rate =
predetermined overhead allocation rate = $228.571
so predetermined overhead allocation rate is $228 per hour