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2 years ago

At an auction sale, the buyer is the party making the offer, or bid. a. True b. False

Business

2 answers:

lesantik [10]2 years ago

8 0

A. true the buyer is the party making the offer

Len [333]2 years ago

3 0

True
the buyer is the,one willing to put up money

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For the Mixing Department, unit materials cost is $8 and unit conversion cost is $12. If materials are added at the beginning of

laila [671]

Answer: Option (a) is correct.

Explanation:

Materials Costs = Units × Unit Material Cost

= 6,000 × $8

= $48,000

Conversion costs = Units × Percentage Complete × Unit Conversion Cost

= 6,000 × 75% × $12

= $54,000

Ending Work-In Process Inventory:

= Materials Costs + Conversion Costs

= $48,000 + $54,000

= $102,000

8 0

3 years ago

Jennifer is leasing a car from a local auto retailer. The terms of the lease include a 9% interest rate for 36 months with a res

uysha [10]

Answer: $312.06

Explanation:

We are given that :

MSRP = $17500 , time = 36 months , interest rate = 9% , residual value = 57%

Exact residual value = 57% of 17,500 = $9975

Also, we know Money factor = rate ÷ 2400

money factor = 0.00375

Step 1 : To calculate monthly depreciation by using the formula :

Monthly Depreciation: MSRP-RESIDUAL VALUE / No. of MONTHS

17500-9975 / 36 = $209.03

Step 2 : To calculate monthly financial charge by using the formula :-

Monthly financial charge=( MSRP + RESIDUAL VALUE) . MONEY FACTOR.

Monthly financial charge = (17500+ 9975) . 0.00375= $103.031 25

Step 3 : To calculate lease amount by using the formula :

Lease payment = Depreciation + Financial charge

Lease payment = 209.03 + 103.031 25= 312.06

So, the approximate lease payment is $312.06

5 0

3 years ago

After retirement, you expect to live for 24 years. You would like to have $75,000 income each year. How much should you have sav

poizon [28]

Answer:

The amount that you should have saved in your retirement account to receive this income is:

= $727,995.88.

Explanation:

a) Data and Calculations:

Expected lifespan = 24 years

Expected annual income = $75,000

Interest rate per year = 9%

The amount of savings in the retirement account to receive this income is calculated from an online financial calculator as follows:

N (# of periods) 24

I/Y (Interest per year) 9

PMT (Periodic Payment) 75000

FV (Future Value) 0

Results

PV = $727,995.88

Sum of all periodic payments = $1,800,000.00

Total Interest = $1,072,004.12

5 0

2 years ago

Chang Corporation issued $6,000,000 of 9%, ten-year convertible bonds on July 1,2017 at 96.1 plus accrued interest. The bonds we

Nataly_w [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

5 0

3 years ago

What is known as the act of giving "mental connection to a given task" or unit of information

disa [49]

Answer:

The correct answer is letter "B": attention.

Explanation:

Attention is the mental activity by which individuals focus their attention on a given subject they are dealing with. By doing this, people leave behind any other situation around to concentrate only on the task they are given. This scenario takes place in complicated exercises that push people's knowledge to the limit or when the exercise is of interest or important for the individual.

7 0

3 years ago