Answer:
overapplied by $19,100
Explanation:
The calculation of manufacturing overhead for the year is shown below:-
Manufacturing overhead cost applied = Actual direct labor hours × Predetermined overhead rate
= 20,200 × $8
= $161,600
Manufacturing overhead for the year = Actual overhead - Applied overhead
= $142,500 - $161,600
= $19,100 overapplied
So, for determining the manufacturing overhead for the year we simply applied the above formula.
Answer:
$35,000
Explanation:
Given that
Insurance = $700,000
Sustained cost = $40,000
Replacement cost = $1,000,000
Policy = 80%
The computation of amount eligible for payment is as shown below:-
Insurance required = Cost of building × Co insurance
=$1,000,000 × 0.80
= $800,000
The amount eligible for payment = (Insurance Carried ÷ Insurance Required) × Loss
= $700,000 ÷ ($1,000,000 × 80%) × ($40,000)
= $700,000 ÷ $800,000 × $40,000
= 0.875 × $35,000
= $35,000
Answer:
nondiscretionary
Explanation:
Based on the information provided within the question it can be said that this type of policy is called a nondiscretionary fiscal policy. Like mentioned in the question this refers to a policy that includes many programs of government spending that are not done so with explicit action by the government themselves.
Answer:
The Intrinsic Value or Calculated Price of the under-study stock is $98.57.
Explanation:
In the 1st year, the company is expected to Pay a Dividend of $5.3. This is calculated by multiplying the compound factor (1.06) with the current dividend of $5.
In the 2nd year, the growth rate will remain the same. So, multiplying $5.3 with the same compound factor of (1.06) and you will get $5.62.
In the third year, the growth rate will come down to 3.5% and this rate will be constant now. So, multiply the dividend of year 2 with the compound factor of (1.035) and you will get $5.81. Convert this figure to Perpetuity and the formula is;
Cash Flow / Cost of Equity - Growth Rate
This formula for Horizon value will give you $105.72.
Now, you have to find the Present value of all these three calculated Cash flows, add them all and you will get the Intrinsic Value.
Thanks.