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GuDViN [60]
3 years ago
8

In 1981 the average tuition for one year at a certain state school was $1,800. Thirty years later, in 2011, the average cost was

$13,700.
What was the growth rate in tuition over the 30-year period?
Business
2 answers:
kolezko [41]3 years ago
5 0

Answer:

5%

Explanation:

Ronch [10]3 years ago
4 0

Answer:

growth rate in tuition over the 30-year period = 661.11 %

Explanation:

Growth rates is define as the proportional change of a specific variable over a specific period of time, with reference to an earlier period. It is used to measure the cooperativeness of a system or a economy.

Growth rates =( final value- initial value)/ initial value * 100

Growth rates = ($13,700 - $1,800)/$1,800 *100

=661.11 %

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Coastal Bank uses activity-based costing to determine the cost of servicing customers. There are three activity pools: teller tr
rosijanka [135]

Answer:Allocated MOH= $16

Explanation:

Giving the following information:

teller transaction processing ($2.80 per teller transaction)

check processing ($0.25 per canceled check)

ATM transaction processing ($0.20 per ATM transaction).

<u>To allocate overhead, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 2.8*4 + 0.25*12 + 0.2*9

Allocated MOH= $16

4 0
3 years ago
In the manufacture of 9,400 units of a product, direct materials cost incurred was $174,900, direct labor cost incurred was $109
stiv31 [10]

Answer:

$154,000

Explanation:

Calculation to determine the total conversion cost

Using this formula

Total conversion cost=Direct labor cost incurred

+Applied factory overhead

Let plug in the formula

Total conversion cost =$109,800+$44,200

Total conversion cost=$154,000

Therefore Total conversion cost is $154,000

5 0
3 years ago
The five restaurants in your town have monthly rent costs of: $6,350, $5,745, $11,870, $15,255, &amp; $26,432. What is the mean
Temka [501]

Answer:

$13,130.4

Explanation:

Mean is a measure of average. It is used to calculate the average of a given set of data.

Mean = Sum of Terms/Number of Terms

Monthly Mean Rental Cost = Total rental cost / Number of rents

= ($6,350 + $5,745 + $11,870 + $15,255, + $26,432)/5

= $65652/5

=$13,130.4

7 0
3 years ago
Read 2 more answers
At Ruth Company, events and transactions during 2020 included the following. The tax rate for all items is 20%. (1) Depreciation
Ann [662]

Answer:

D. ($100,000)

Explanation:

Calculation for what The effect of these events and transactions on 2020 income from continuing operations net of tax would be

Continuing operations net of tax=(20%*$125,000)-$125,000

Continuing operations net of tax=$25,000-$125,000

Continuing operations net of tax=($100,000)

Therefore The effect of these events and transactions on 2020 income from continuing operations net of tax would be ($100,000)

3 0
3 years ago
Marc, a single taxpayer, earns $100,000 in taxable income and $10,000 in interest from an investment in city of Birmingham Bonds
Nutka1998 [239]

Answer:

The answer is: Marc´s effective tax rate is 18.29% equivalent to $18,289.50

Explanation:

Marc is a single filer, so his taxable income of $100,000 falls under the fourth tax bracket ($82,501 to $157,500) with a tax rate of 24%. To calculate Marc´s effective tax rate:

Taxes due = $14,089.50 + [24% x ($100,000 - $82,500)]

                  = $14,089.50 + (24% x $17,500)

                  = $14,089.50 + $4,200

                  = $18,289.50

So Marc´s effective tax rate (ETR) = ($18,289.50 / $100,000) x 100 = 18.29%

Note: The $10,000 Marc earned in interest from municipal bonds (City of Birmingham bonds) are tax exempt, so they are not included in these calculations.

5 0
3 years ago
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