Answer:
$6.91 per direct labor hour
Explanation:
Given that,
Estimated direct labor = $2,640,000
Estimated direct labor hours = 220,000
Factory overhead = $1,520,000
Actual overhead costs = $1,220,000
Therefore,
Predetermined overhead rate:
= Estimated overhead cost ÷ Estimated direct labor hours
= $1,520,000 ÷ 220,000 hours
= $6.91 per direct labor hour
Answer:
36%
Explanation:
For the computation of the company's return on equity first we need to follow some steps which is shown below:-
Step 1
Earnings before tax = EBIT - Interest
= $452,000 - $152,000
= $300,000
Step 2
Earnings after interest and taxes = Earnings before tax - Tax
= $300,000 - ($300,000 × 40%)
= $300,000 - $120,000
= $180,000
Step 3
Asset turnover ratio = Total revenue ÷ Total assets
3.6 = $4,000,000 ÷ Total assets
Total assets = $1,111,111.11
Step 4
Equity ratio = 1 - Debt ratio
= 1 - 0.55
= 0.45
Step 5
Total Equity = Equity ratio × Total assets
= 0.45 × $1,111,111.11
= $500,000
and finally
Return on Equity = Net income ÷ Equity
= $180,000 ÷ $500,000
= 0.36
or
= 36%
Answer:
12,338,352 companies
Explanation:
If the companies' names can have either 4 or 5 letters, and teh letters can repeat themselves, then the total number of companies that can be listed on NASDAQ is:
4 letter names = 26 x 26 x 26 x 26 = 26⁴ = 456,976
5 letter names = 26 x 26 x 26 x 26 x 26 = 26⁵ = 11,881,376
total number of companies listed = 456,976 + 11,881,376 = 12,338,352
Answer:
The correct answer is letter "B": The statement presents the fallacy of composition.
Explanation:
The Fallacy of composition refers to a fallacy by which an individual believes that something is true just because part of the whole is true. Typically, this type of belief leads to mistaken conclusions because what might be right for one person does not necessarily is right for others.
