Answer:
$17,167
Explanation:
<em>The first step is to calculate amount of cash that would be charged</em>
<em>For 30 months, pay $520 per month for 30 months and an additional $10,000 at the end of 30 months.</em>
Present value is = 2,221
<em>Then</em>
<em>The present value of the payment options is =</em>
<em>($520 * PVA (24% 12,30) + $10,000 PV ( 24% 12,30))</em>
<em>$520 * 22.396 + $10,000 * 0.5521</em>
<em>$11646 + $ 5521</em>
<em>$17,167</em>
<em>Therefore the amount of cash the car dealer would charge is $17,167</em>
Answer:
Execution intelligence
Explanation:
Execution intelligence is an important characteristic of successful entrepreneurs and it is the <u>ability to transform an idea into a valuable product that meets consumer needs in the marketplace.</u>
Chad and Allison Druxman can therefore be said to have execution intelligence.
If Merv calls Carla telling her the deal is off and Carla threatens to sue for breach of contract, the result is:
- The contrails void, Carla loses
<h3>What is a Contract? </h3>
This refers to the legally binding agreement between two or more people about a particular request or work.
With this in mind, we can see that because Merv is hired by Carla to fill a swampland and he is later informed that the land is in protected wetlands, this makes the contract void and Carla loses because it is not of the doing of Merv.
Read more about contractual agreements here:
brainly.com/question/5746834
Answer:
E. 160,000; 167,500
Explanation:
Direct Materials
Started and complete 120,000
We also need to add the ending WIP which count entirely because the materials are added completely.
The beginning WIP has materials added completely already. It required no extra work.
120,000 +40,000 =160,000
Conversion
Started and complete 120,000
ending WIP 40,000 x 1/4 = 10,000
beginning WIP 50,000 X3/4 = 37,500
total 167,500
we add the ending WIP
and the unfinished beginning WIP
it has 1/4 completed so 3/4 are unfinished
Answer:
Actual manufacturing overhead = 195%
Budgeted manufacturing overhead rate = 180%
Explanation:
The computation of actual and budgeted manufacturing overhead rates for 2017 is shown below:-
Particulars Budgeted for 2017 Actual result for 2017
Direct material
cost $2,250,000 $2,150,000
Direct manufacturing
labor costs $1,700,000 $1,650,000
Manufacturing overhead
costs $3,060,000 $3,217,500
Actual manufacturing
overhead 195%
Budgeted manufacturing
overhead rate 180%
Therefore for computing the actual manufacturing overhead we simply divide the manufacturing overhead cost by direct manufacturing labor cost of actual result for 2017 while for computing the budgeted manufacturing overhead rate we simply divide the manufacturing overhead cost by direct manufacturing labor cost of budgeted for 2017.
