Answer:
5000 at 6%
6000 at 11%
Explanation:
Given that :
Total principal = 10000
Let :
Principal invested in business A = x
Principal invested in business B = y
Interest = Principal * rate * time
(x * 6% * 1) + (y * 11% * 1) = 900
0.06x + 0.11y = 900 - - - - (1)
x + y = 10000 - - - (2)
From (2)
x = 10000 - y
Put x = 10000 - y in (1)
0.06(10000 - y) + 0.11y = 900
600 - 0.06y + 0.11y = 900
600 + 0.05y = 900
0.05y = 900 - 600
0.05y = 300
y = 300 / 0.05
y = 6000
x = 10000 - y
x = 10000 - 6000
x = 5000
Answer: $242,567.27
Explanation:
The $5,000 is an annuity as it is being paid every year and is a constant amount.
The value in 19 years is the future value of this annuity:
Future value of annuity = Annuity * ( ( 1 + rate) ^ number of years - 1) / rate
= 5,000 * ( ( 1 + 9.5%)¹⁹ - 1) / 9.5%
= $242,567.27
Answer:
To calculate the predetermine overhead rate
Explanation:
As we know that
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours or estimated machine hours)
Plus if we talk about the manufacturing overhead, it is an indirect cost which could not be easy to trace the cost to a specific job or task
And the fixed cost would remain unchanged although the number of production units changes and the average cost per unit also changes due to changes in the production level
These reasons could be the greatest challenge.
Answer:
A) cognitive
Explanation:
Since in the question it is mentioned that three persons are working for DavidSon international. All three have in their positions in the company but Willy received a small raise after considering the evaluation of last performance
In case when Thad complained regarding the raise so he was experiencing a cognitive attitude that deals in belief, knowledge, thoughts of a particular person
hence, the correct option is A.
Answer:
$723,000
Explanation:
Calculation to determine what was Jennings reported net income in 2020
Using this formula
2020 Net income=(2019 Retained earnings-2020 Retained earnings)+ Total Dividend
Let Plug in the formula
2020 Net income=($2,681,000-$2,308,000)+$350,000
2020 Net income=$373,000+$350,000
2020 Net income=$723,000
Therefore Jennings reported net income in 2020 is $723,000
