A 99% confidence level means that 95% of the intervals would include the parameter.
<u>Explanation:</u>
In statistics, a confidence level is one of the types of estimate that has been calculated from the statistics of the observed data. This shows and calculates a range of the values which are possible for an unknown parameter.
The interval has an associated confidence level with it that the true parameter is in the proposed range of the values which are possible for an unknown parameter. A 99% confidence interval will be wider than a 95% confidence interval because to be more confident that the true population value falls within the interval we will need to allow more potential values within the interval.
Answer:
No, Actual manufacturing overhead should not be charged to jobs
Explanation:
Only overheads applied using the pre-determined overheads rate should be charged to the jobs. This is because, charging actual manufacturing overhead to the jobs delays the product costing exercise which needs to be done earlier in the month. The Actual costs are only available at the end of the month.
Answer:
Total revenue: $46 million
First year costs: $12 million
Estimated first year costs(EFYC): $28 million
Cost to date for the projec (CTD): $12 million
Given this information, the first thing to do is to calculate the percentage % of completion. The formula is stated below.
Percentage of completion ( CTD / EFYC )
CTD / TEC = (12000000/28000000)
CTD / TEC = (42,85%)
Then multiply the Percentage of completion * Total Revenue
42.85%*46.000.000 to obtain the revenue for period 2.
The loss that the company must present in their statements for year 1 is: Loss for period 1 =$12.000.000
Answer:
IRR 1.50%
It will receive 300,000 dollars when:
250,000 is return of capital and 50,000 will be considered profit.
Explanation:
1,000 x 300 months = 300,000 dollars
The IRR will make the payment match the present value of the $250,000 principal
That will be the yield of the investment.
C 1,000.00
time 300
rate 0.001251129 ( we solve for the rate using excel goal seek or a financial calcualtor
PV $250,000.0000
Now, as this are monthly payment we multiply by 12 to get the annual convertible rate:
0.001251129 x 12 = 0.015013551
rate = 1.50% per year
<span>When a court determines that the solution to a case can be satisfied with money damages, that is considered fully sufficient and no other action is taken against a defendant. This is because paying off money damages is considered to be satisfying the contract and makes the case and complaint therein null and void.</span>
