We are asked to solve for the interest during the year given that it is compounded monthly, we are given with the formula A = P(1+r)^n. The solution is shown below;
A = P (1+r)^n
A = $5,000 (1+ 3.5/12)^(12*1)
A = $5,000 (1.000292)^12
A = $5,177.84
Hope this helps!
Answer:
WIP 75,000 debit
Factory Payroll Payable 75,000 credit
Factory Overhead 20,000 debit
Factory Payroll Payable 20,000 credit
Explanation:
The direct labor is capitalized through work in process inventory to lter become finished good once the product is finished.
While the indirect labor is determinated as actual factory overhead to be later compare against the applied overhead
Answer:
Average investment(denominator) = $113,000
Explanation:
<em>Annual rate of return is the average annual income as a percentage of average investment
. It is the proportion of the average investment that is earned, on the average, as annual income.</em>
Annual rate of return = annual net income/ average investment
Average investment =( Initial,cost + scrap value)/2
Average investment = (220,000 + 6,000)/2= $113,000
Average investment(denominator) = $113,000
Answer and Explanation:
The Risk of an investment that can be minimized or removed by mixing several portfolio assets is called risk diversification.
Risk of an investment asset that can not be minimized or removed by inserting that asset is considered a non-diversifiable risk to a diversified investment portfolio.
So as per the question since the risk of the portfolio decreased from 20 to 40 the portion of the risk eliminated is diversifiable risk and the remaining would be considered as a non-diversifiable risk.