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lianna [129]
3 years ago
11

Mike wants to purchase an $11,350 car with a loan from a credit union that requires a 20% down payment. what amount will Mike bo

rrow from the credit union?
Business
1 answer:
djyliett [7]3 years ago
4 0
He will borrow 80% of the cost of the car.
80/100*11350= <span>$ 9080</span> 
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Smithson, Inc. produces two types of gas grills: a family model and a deluxe model. Smithson’s controller has decided to use a p
Fynjy0 [20]

Answer:

A.) Overhead rate = 200% of direct labor cost.

B.) $67.5 per machine hour ; $180 per setup

C.) The traditional costing applies overhead burden rate equally to all products which might sometimes give a vague picture of production cost especially that which is applied to each different product.

With the activity based costing method we could see that machining activity setup rate about 26 times the machining activity rate.

Explanation:

Overhead rate using the plantwide approach

Overhead rate = (estimated overhead cost ÷ direct labor cost)

Overhead rate = ($450,000) ÷ (75,000 +150,000)

Overhead rate = $450,000 ÷ $225,000

Overhead rate = 200% of direct labor cost.

B.) Using activity costing

machining activity cost pool = $270,000

machine setup activity cost pool = $180,000

Total Machining activity hours = (2000 + 2000) = 4000

Total machine setup activity hours = (200 + 800) = 1000

Machining activity rate = (cost /hours) :

$270,000/4000 = $67.5 per machine hour

Machining activity setup rate = (cost /hours) :

$180,000/ 1000 = $180 per setup

3 0
2 years ago
A company had $7,040,000 in net income for the year. Its net sales were $15,600,000 for the same period. Calculate its profit ma
ivann1987 [24]

The measure of a product, service, or company's profitability is its profit margin. The bigger the percentage representing the profit margin, the more profitable the company is.

Profitability is gauged by profit margin. Finding the profit as a proportion of revenue is used to calculate it.

Profit margin=44.9%

Explanation to the answer:

Profit margin =Net income / sales

                    =7,050,000 / $ 15,700,000

                    =0.44904

                    =44.9%

Profit margin =44.9%

Learn more about profit margin here brainly.com/question/24161087

#SPJ4

5 0
2 years ago
Michael Pollan discusses ""industrial organic"" agricultural systems in The Omnivore’s Dilemma. What is / are characteristic(s)
Kipish [7]

Answer:

The characteristics of industrial organic agriculture are:

  • economies of scale and mechanization
  • substitution of conventional inputs such as conventional fertilizer with organic fertilizers
  • bagging technology makes the transport of organic salads possible

Explanation:

Pollan's book discusses how modern individuals have a disconnection between food and knowledge. Modern individuals just pick up their food and practically don't know anything about how that food got reached our tables.

6 0
3 years ago
John Hernandez is 24 years old and has saved enough money to fund an adequate emergency fund. In addition, he has saved $5,600 t
poizon [28]

Answer:

C. Growth

Explanation:

Starting investment early is something that is always encouraged and that is the case of John Hernadez here. By starting early, before he retires, he'd have been able to grow is investment portfolio substantially and even be a millionaire by the time of his retirement. Growth is the most important factor for John, that's why is he's starting his investment early. With the time given for growth, investment value may increase in value and it allows time for appreciation of stock price.

4 0
3 years ago
Read 2 more answers
Bedrock Company reported a December 31 ending inventory balance of $412,500. The following additional information is also availa
belka [17]

Answer:

The correct Ending Balance = $ 390300

Explanation:

Ending Balance of inventory = $ 412500

Less Office Supplies   = $22,200

The correct Ending Balance = $ 390300

Goods already cosigned are the consignor's inventory unless they are sold. They are not included in the consignee's inventory. So they will be included in the ending inventory.The office Supplies are not the inventory goods. They are daily expense goods and are not included in the inventory.

3 0
3 years ago
Read 2 more answers
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