Answer:
$15,495.41
Explanation:
Given that,
Loan amount = $15,000
Annual Interest rate = 13%
Daily interest rate = Annual Interest rate ÷ 365
= 13% ÷ 365
= 0.035616%
Period of loan = 3 months
Number of days:
= 365 × (3 ÷ 12)
= 91.25 days
Total amount that Raphael owes the bank at the end of the loan’s term:
= P(1 + r)^n
= 15,000 × (1 + 0.035616%)^91.25
= 15,000 × (1.00035616)^91.25
= 15,000 × 1.0330275
= $15,495.41
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
c
Explanation:
Marginal revenue product (MRP) is the change in total revenue when one more unit of a resource is employed.
For example :
Units of labour Revenue
1 100
2 200
The MRP of employing 2 units of labour = (200 - 100) / (2 -1) = 100
Answer:
Find attached complete question:
common stock dividends is $38,960
preferred stock dividends is $5,040
Explanation:
Going by the complete question,preferred stock dividends is computed thus:
preferred stock dividends=number of shares*par value*dividend rate
number of shares is 7000 (issued and outstanding)
par value of share is $12
dividend rate is 6%
preferred stock dividend=7000*$12*6%=$5040
The preferred stockholders would receive $5040 dividends while the remainder of dividends goes to common stockholders as shown below
Total dividends $44,000
preferred stock dividends ($5040)
common stock dividends $38,960
Answer:
The correct answer is use of multiple cost drivers to allocate overhead
Explanation:
Use of direct labor hours or direct labor cost to assign overhead to products is typical of traditional costing systems as overhead is believed to have positive relationship with labor-related variables.
Besides,using a business-wide or plant-wide single predetermined overhead rate is not feature of traditional systems of costing.
Since labor-related variables such as direct labor hours or direct labor cost is assumed to be a driver of overhead cost,hence an appropriate overhead absorption basis,it is perfectly understood that there is correlation between direct labor and incurrence of overhead cost in the business.
