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Verizon [17]
3 years ago
7

A start-up company that makes robotic hardware for CIM (computer integrated manufacturing) systems borrowed $1.3 million to expa

nd its packaging and shipping facility. The contract required the company to repay the lender through an innovative mechanism called "faux dividends," a series of uniform annual payments over a fixed period of time. If the company paid $305000 per year for five years, what was the interest rate on the loan?
Business
1 answer:
never [62]3 years ago
7 0

Answer:

Interest rate= 17.3% per five years

Explanation:

Giving the following information:

A start-up company that makes robotic hardware borrowed $1.3 million.

The contract required the company to repay the lender through an innovative mechanism called "faux dividends," a series of uniform annual payments over a fixed period of time. The company paid $305000 per year for five years.

Interest rate= (305000*5)/1300000= (1.173-1)*100= 17.3% per five years

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Marvel Company uses a predetermined overhead rate in applying overhead to production orders on a labor-cost basis in Department
Alona [7]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Marvel Company uses a predetermined overhead rate in applying overhead to production orders on a labor-cost basis in Department A and on a machine-hours basis in Department B.

Dept. A

Factory overhead $ 71,250

Direct labor-hours 8,100

Dept. B

Factory overhead $46,055

Machine-hours 15,100

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base=

Dept A:

Estimated manufacturing overhead rate= 71250/8100= $8.80 per direct labor hour

Dept B:

Estimated manufacturing overhead rate= 46055/15100= $3.05 per direct machine hour

8 0
4 years ago
There are two steps for XYZ bakery to make their bread. One is to prepare the dough and bake the loaves, and the other one is to
Allushta [10]

Answer:

a. Potential Packing Output/hr = (50 loaves/20 min) * 60 min = 150 loaves.

However, the production of 50 loaves takes 60 mins, so the packaging remains idle for 40 mins and the Actual Packing Output/hr = 50 loaves.

Hence, Capacity Utilization = (Actual Output/Potential Output) *100% = (50/150)*100% = 33.33%

b) Production output = 50 loaves/hr = 50 loaves/60 mins

Packing Output = 50 loaves/20 mins

So, to make both the capacities equal, the XYZ Bakery can simultaneously operate three batches to prepare the dough and bake i.e 150 loaves/60 mins for both production as well as packing.

6 0
3 years ago
How do industry or external changes impact the things that you do personally?
kotykmax [81]
External changes from industry have great impact in the things that we do personally. Every moment there are new technology that are being developed that simplified our daily life. With this fast paced improvement in our technology, we tend to adapt and make use of those new technology to improve our daily activities. It can be in a form of entertainment, communication or travelling.
4 0
3 years ago
While testifying on the stand in his breach of contract suit, constantine admitted that he sold land to felipe. this is known as
Tpy6a [65]

Answer: Admission

Explanation:

6 0
2 years ago
Which health/safety law requires continued health insurance coverage (paid by employee) following termination?
Aleks04 [339]

Consolidated Omnibus Budget Reconciliation Act (COBRA) is a law that gives workers the right or permission to temporarily keep their medical coverage provided by their health plan after termination.

<h3>What is COBRA?</h3>

It is a federal health/safety law, passed in 1985, that allows workers after termination the right to stay in the same health insurance plan they previously had.

It seeks for workers and their families to continue their employer-sponsored “job” insurance if that insurance would end due to job loss or divorce or death in the family.

Therefore, we can conclude that COBRA is a law that gives workers the right or permission to temporarily keep their medical coverage provided by their health plan after termination.

Learn more about Consolidated Omnibus Budget Reconciliation Act here: brainly.com/question/8891400

3 0
2 years ago
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