Let's assume the car costs $15,000 and it takes 3 years to pay it.
For option A, the total amount to be paid after applying interest is $19965.
For option B, the total amount to be paid after taking out the down payment and applying interest is $20208.75.
The answer is
<span>A. Mike's decision reduced the total cost of his loan as much as possible because the first loan has a lower interest rate.
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Answer:
a. The equivalent units for materials using the weighted-average method 223432 gallons
b. The equivalent units for conversion costs using the weighted-average method 218714 gallons
Explanation:
The Concept of Equivalent units needs to be first defined.Equivalent Units in process costing is the number of units in terms of completion stage or percentage of a certain input element in the process.
<em>Step 1 Calculate the Units of Closing Work In Process</em>
Hint: Units IN must equal units Out
Units of Closing Work In Process = Units of Opening Work In Process + Units Started during the year - Units of Closing Work In Process
Therefore Units of Closing Work In Process = 43300+235400-211300
= 67400 units
<em>Step 2 Calculate the Equivalent Units of Materials</em>
Closing Work In Process ( 67400×18%) = 12132
Completed and Transferred Out ( 211300×100%) = 211300
Total 223432
<em>Step 3 Calculate the Equivalent Units of conversion costs</em>
Closing Work In Process ( 67400×11%) = 7414
Completed and Transferred Out ( 211300×100%) = 211300
Total 218714
Answer:
Sales= $3,000,000
Explanation:
Giving the following information:
It expects to sell 10,000 mattresses in the current year and had 1,000 mattresses in finished goods inventory at the end of the previous year. Armando would like to complete operations in the current year with at least 1,250 completed mattresses in inventory. There is no ending work-in-process inventory. The mattresses sell for $300 each.
Production:
Sales= 10,000
Ending inventory= 1,250
Beginning inventory= (1,000)
Total= 10,250
Sales= 10,000*300= $3,000,000
Answer:A. 5 to 10%
Explanation: A smoothing constant is categorised into three the alpha beta and gamma smoothing constants.
The smoothing constant is variable that is used in time series analysis According to exponential smoothing.
The smoothing constants help to determine how the historical series values are weighed.
THE SMOOTHING CONSTANTS ARE USED IN FORCASTING AS THEY HELP TO ENSURE EFFICIENT FORCASTS.
