Carpentry has apprenticeship programs.
Use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 85000
PMT monthly payment?
R interest rate 0.05
K compounded monthly 12
N time 10 years
Solve the formula for PMT
PMT=Pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
PMT=85,000÷((1−(1+0.05÷12)^(
−12×10))÷(0.05÷12))
=901.55 round to the nearest tenth to get 900
Hope it helps!
It’s c I had this problem a week ago
Answer:
Close the $2,500 to Cost of Goods Sold.
Explanation:
Underapplied Overhead bis the portion of actual factory overhead cost that was not allocated to units of production. Since overhead cost do not contribute directly to production they need to be allocated to units produced. For example rent paid is $300 and goods produced was 50. The allocated amount per unit produced will be 300/50= $6 per unit.
When overhead is underapplied there is descrepancy between the standard amount allocated and the actual overhead cost. In this case a sum of $2,500.
To remedy this we need to close the $2,500 to Cost of Goods Sold.
