Answer:
the interest rate is missing, so I looked for similar questions and found that the semiannual interest rate is 3%.
first of all, we must determine the amount of money that we need to have in our account in order to be able to withdraw $25,000 in 10 years.
You will start making your semiannual deposits today and they will end in exactly 2 years, so we need to find out the present value of the $25,000 in two years:
PV = $25,000 / (1 + 3%)¹⁶ = $15,579.17
that is now the future value of our annuity due:
FV = semiannual deposit x FV annuity due factor (3%, 5 periods)
$15,579.17 = semiannual deposit x 5.46841
semiannual deposit = $15,579.17 / 5.46841 = $2,848.94
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Answer:
a. $612
b. $2,480
Explanation:
a. Overhead is applied at a rate of $12 per direct labor hour.
Overhead applied would therefore be;
= 12 * total labor hours
= 12 * 51
= $612
b. Total Cost = Direct labor cost + Direct Material cost + Manufacturing overhead
= 978 + 890 + 612
= $2,480
Answer:
The correct answer is $479,500.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the total revenue by using following formula:
Total revenue = Net sale + Dividend revenue + Rent revenue
Where, Net sales = Sales revenue - Sales return
= $445,000 - $34,000 = $411,000
By putting the value in the formula, we get
Total revenue = $411,000 + $10,500 + $58,000
= $479,500