Answer:
$450,000
Explanation:
Given that,
Direct Labor = $200,000;
Direct Materials = $150,000;
Manufacturing Overhead Costs = $250,000
Therefore, the total amount of conversion cost is the sum total of direct labor cost and manufacturing overhead cost.
Total amount of BG, Inc's conversion costs:
= Direct Labor cost + Manufacturing Overhead Costs
= $200,000 + $250,000
= $450,000
Answer:
FV= $12,818.4
Explanation:
Giving the following information:
You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest.
To calculate the future value we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {4,200*[(1.052^2)-1]}/0.052 + 4,200= $12,818.4
Answer:
Agile methodology
Explanation:
This is the methodology adopted in project development most of the time.
This approach is usually been used because the customer could not wait for so long till the completion of the project.
For this i would give you an example that we order some food at a restaurant. The waiter come to us and he keeps on giving us food after every short intervals like water, salad, starter and soups to keep us engage. Otherwise the customer would lose his temper while waiting for so long. We must say that the attention span of the people is very short , they could not wait due to lack of patience.
So in real world of project development we adopt agile methodology where we develop and deliver the project to customer in every little intervals. In this context our customer use to be in loop meanwhile the development of whole project. It is good for project manager to get feedback from the customer side by side on every little chunk of project. This approach is very good to keep your customer in loop of development . We could do negotiation meanwhile ,if customer needs some changes we could do it side by side.
Agile methodology is most of time adopted when the customer is not potential and less technical. In this case the customer could not give clear requirements to team for developing the project. During this methodologies we keep on tracking the user demands and requirements. The team lead or business analyst use to elicit the dos and dons of the project. In this way of project development we could easily give clear ad transparent picture to our customer that hows your project is going. There are lot project development methodologies but agile development is one the best methodology to keep the customers in loop. While in loop with customers it is easy for team to maintain the quality assurance side by side , QA team could also get involve for the rectification of the project.
Explanation:
At equilibrium demand price=supply price
Therefore consumer surplus is 15 units.
Answer:
The amount of interest paid is $ 1,500.
Explanation:
Given that Perry Mazza wants to borrow $ 30,000 from the bank, and the interest rate is 5% and the term is for 5 years, to determine what is the amount of interest paid, the following calculation must be performed:
(30,000 x 5) / 100 = X
150,000 / 100 = X
1,500 = X
Therefore, the amount of interest paid is $ 1,500.
