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adoni [48]
3 years ago
7

An investment earns 35% the first year, earns 40% the second year, and loses 37% the third year. The total compound return over

the 3 years was ______. Multiple Choice 158.93% 19.07% 38.00% 6.36%
Business
1 answer:
svetoff [14.1K]3 years ago
7 0

Answer:

19.07%

Explanation:

The computation of the total compound return over the 3 years is shown below:

= (1 + investment percentage earned in first year) × (1 +  investment percentage earned in second year)  × (1 +  investment percentage loss in second year)

= (1 + 0.35) × (1 + 0.40) × (1 - 0.37)

= 1.35 × 1.40 × 0.63

= 1.1907

= 19.07%

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4 0
3 years ago
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Elza [17]

Answer:

Amount of underapplied or overapplied overhead cost for the year

$97000 - Underapplied

Schedule of cost of goods manufactured for the year

Direct Material                                3885000

Direct Labor                                      60000

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Total Manufacturing Costs             4321000

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Amount of underapplied or overapplied overhead cost for the year

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Schedule of cost of goods manufactured for the year

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Add Purchases                                         4000000

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Materials Consumed                                  3900000

Less Indirect Materials                                 15000

Direct Materials Consumed                       3885000

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