Calculate the simple interest payable on a ten-month loan of $60,000 if the interest rate is 16.5%.

Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000

cupoosta [38]

Answer:

Follows are the instructions to this question:

Explanation:

Given:

Configuration of machine = $\$16,000 \ \ \ \ 40 \ \ \ \ 25 \ \ \ \ 15$

Machine hours= $\$110,000 \ \ \ \ 5,000 \ \ \ \ 1,000 \ \ \ \ 4,000$

Order on Packing= $\$30,000\ \ \ \ 500 \ \ \ \ 150 \ \ \ \ 350$

We have to use the following formula in order to measure the expected production overhead rate:

Estimated overhead production rate= Total projected production expenses and for period/Total base allocation sum

Machine Configuration $=\frac{16,000}{(40+25+15)}= \frac{16,000}{80} =\$200 / \ setup$

Machining hour= $=\frac{110,000}{(5,000 + 1,000 + 4,000)} =\frac{110,000}{(10,000)}= \$11 / \ machine \ hour$

Packing $= \frac{30,000}{(500 + 150 + 350)}= \frac{30,000}{1000}= \$30/ \ order$

6 0

3 years ago

Dave owns 15 shares of ABC mining stock. on monday the value of each shares rose $2 but on tuesday the value fell $5. what is th

IgorC [24]

First, the value of each share rose by 2. So we have +2.

Then it fell by 5. So we have
2 - 5 = -3

Each share has a net value of negative 3.
Dave owns 15 shares. So,
15 * (-3) = -45.
So, there is a net loss of $45.

8 0

3 years ago

Lorenzo and Lila own all of the Double L Corporation's stock. The stock of this corporation is not sold to the general public. L

ladessa [460]

Owners of the company.

<h3>What is a stock of a company?</h3>

A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company.
Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.

<h3>What is an owner of a company?</h3>

A company's "owner" is a person who owns all of the shares.
In contrast, a "co-owner" shares ownership of a business with one or more partners.
The owner, who is frequently the company's founder, is free to run their business however they like.

Therefore, Lorenzo and Lila are owners of the Double L Corporation.

Know more about stocks here:

brainly.com/question/1957305

#SPJ4

6 0

2 years ago

During 2018, TRC Corporation has the following inventory transactions.

Soloha48 [4]

Answer:

Results are below.

Explanation:

Giving the following information:

Jan. 1 Beginning inventory 48 $40 $1,920

Apr. 7 Purchase 128 42 5,376

Jul. 16 Purchase 198 45 8,910

Oct. 6 Purchase 108 46 4,968

For the entire year, the company sells 427 units of inventory for $58 each.

Ending inventory units= 482 - 427= 55

<u>Under the FIFO (first-in, first-out) method, the ending inventory is calculated using the cost of the lasts units remaining in inventory.</u>

Ending inventory= 55*46= $2,530

COGS= 48*40 + 128*42 + 198*45 + 53*46= $18,644

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,644= $6,122

<u>Under the LIFO (last-in, first-out) method, the ending inventory is calculated using the cost of the firsts units remaining in inventory.</u>

<u></u>

Ending inventory= 48*40 + 7*42= $2,214

COGS= 108*46 + 198*45 + 121*42= $18,960

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,960= $5,806

<u>First, we need to calculate the weighted-average cost:</u>

weighted-average cost= (40 + 42 + 45 + 46) / 4= $43.25

Ending inventory= 55*43.25= $2,378.75

COGS= 427*43.25= $18,467.75

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,467.75= $6,298.25

6 0

3 years ago

One key planning factor for pandemic influenzas will be:

Nesterboy [21]

Answer:

Option B is correct one.

Explanation:

One key planning factor for pandemic influenzas will be <u>Protecting public health employees is important.</u>

This is due to the fact that the public health workers are the front-line soldiers in a pandemic situation so they must be protected in order to eradicate the pandemic from the society.

8 0

3 years ago