Answer:
D) $31.
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate = Estimated manufacturing overhead ÷ estimated direct labor hours
where,
Estimated manufacturing overhead is
= Salary of factory supervisor + Heating and lighting costs for factory + Depreciation on factory equipment
= $37,600 + $22,000 + $5,600
= $65,200
And, the direct labor hours is 2,100
So, the predetermined overhead rate is
= $65,200 ÷ 2,100
= $31
When you buy a car, you own the car when you finish paying. Leasing is when you rent it.
Alex's country was once communist, but now allows limited private ownership of companies, and lets market forces determine production and pricing decision is the kind of 'Market Socialist' economy.
Market socialism, sometimes known as liberal socialism, is an economic system that strikes a balance between free enterprise and socialist planning. In this system, businesses are publicly owned, but output and consumption are determined by the market rather than by governmental planning.
In real life, Market socialism components have been present in a number of different economies. A version of market-based socialism, based on socially owned cooperatives, workers' self-management, and market allocation of capital, is usually regarded as having existed in the former Socialist Federal Republic of Yugoslavia.
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Answer:
Del is expected to prepaid to pay $535.62 in prepaid interest at the closing.
Explanation:
The down payment of 15% is $250000*15%=$37500
The balance of mortgage net of down payment=$250000-$37500
=$212500
Interest yearly=$212500*5.75%=$12,218.75
A year interest divided by 365days give one day interest.
A day interest=$12218.75/365=$33.48
Total interest to pay at closing=16days*$33.48
=$535.62
The number of days was 16 because July has 31days and deal was closed on 15th,hence 31 minus 15 gives 16.