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2 years ago

The tax rate of $.0815 in decimal can be expressed as _____ mills.

1 answer:

6 0

<span>The tax rate of $.0815 in decimal can be expressed as 81.5 mills.
</span>one mill is one thousandth of a currency unit, or 0.001$. So 0.0815 in mills means we have to divide 0.0815 by 0.001
0.0815/0.001 = 81.5

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Answer:

the gross pay of Lloyd is $6,250

Explanation:

The computation of the gross pay is shown below:

= Amount received annually ÷ number of months

= $150,000 ÷ 24

= $6,250

Hence, the gross pay of Lloyd is $6,250

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2 years ago

econd Street, Inc. has 7 units in ending merchandise inventory on December 31. The units were purchased in November for $180 eac

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2 years ago

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Answer:

C. $25,000

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2 years ago

Wadding Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most recent month

kkurt [141]

Answer:

$114 unfavorable

Explanation:

For computing the overall variable overhead efficiency variance first we have to need to find out the standard variable overhead rate which is shown below:

= ($11,680 + $41,900) ÷ 4,700 hours

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Now the variable overhead efficiency variance is

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2 years ago

Assume that a 6 percent $500,000 bond with semiannual interest payments and a remaining life of 10 years could be purchased toda

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Answer:

I will pay $559,864 for this bond

Explanation:

Coupon payment = $500,000 x 6% = $30,000 annually = $15,000 semiannually

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Interest Rate = 4.5% = 2.25% semiannually

Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula:

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond =$15,000 x [ ( 1 - ( 1 + 2.25% )^-20 ) / 2.25% ] + [ $1,000 / ( 1 + 2.25% )^20 ]

Price of the Bond = $15,000 x [ ( 1 - ( 1.0225 )^-20 ) / 0.0225 ] + [ $500,000 / ( 1.0225 )^20 ]

Price of the Bond = $239,455.68 + $320,408.24 = $559,863.92

Price of the Bond = $559,864

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3 years ago

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