Answer:
The aggregate cost of the Job No. 1 amounts to $81,000
Explanation:
The aggregate cost of the Job No. 1 is computed as:
Aggregate cost = Direct material cost + Overhead cost + Direct labor cost
where
Direct material cost amounts to $36,000
Overhead cost amounts to $27,000
The Direct labor cost is computed as:
150% of Direct labor cost = Pre-determined overhead are
So,
Direct labor cost = $27,000 / 150%
Direct labor cost = $18,000
Putting the values above:
Aggregate cost = $18,000 + $36,000 + $27,000
Aggregate cost = $81,000
Which ability does the following ex represent? as financial planner, you advise people about where to invest their money. IM PRETTY SURE ITS SYSTEMATIC.
Rosalinda's annual percentage rate (APR) on the loan is <u>195%</u>.
<h3>What is the annual percentage rate?</h3>
The annual percentage rate represents the finance fee and interest paid for borrowing.
The annual percentage rate (APR) for a period of 1 year an be computed by the following simple interest formula:
(Interest + Fee ÷ Principal) ÷ Period
We can multiply the result above by 100 to express it as a percentage.
Assuming that the periodic interest rate is known, we multiply the number of periods in the year to compute the annual percentage rate.
Principal = $2,000
Fee on the loan = $150
Period of loan = 2 weeks
52 weeks = 1 year
Annual percentage rate = 195% ($150/$2,000 x 100 x 52/2)
<u>Check</u>:
APR in dollars = $150 ($2,000 x 195% x 2/52)
Thus, for borrowing $2,000 in two weeks and paying $150 as fee, Rosalinda's loan attracts 195% APR.
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Three basic economic questions are -
- What to produce?
- How to produce?
- Whom to produce for?
Economists study how households and businesses interact to produce the goods and services people need. They look at the factors of production, such as land, labor, and capital, and how they are combined to produce goods and services. Essentially, economists try to answer three sets of questions:
- What goods and services should be produced to satisfy consumer needs?
- How much of this product do you need?
- When should you produce a report?
- What is the best way to produce goods and services?
- How should these products be produced, and what resources should be used to do so?
- Who should be the recipients of goods and services?
- How should the product be allocated among consumers?
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Answer:
C. an increase in accrued expenses
Explanation:
Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.
These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income and the loss on the sale of assets is added whereas the gain on sale of assets is deducted
