Answer:
The present value for each year is calculated at 4% interest. In this question the present value be the sum of the cash deposits plus the interest for each year.
Present Value
= Sum of cash deposits for each year + Interest for each year
= 23100 + 9240
= 32340
Explanation:
To calculate the sum of the cash deposits, add the deposit for each year.
(Year 1 to Year 21 = 23100)
To calculate the interest for each year, take the cash deposit for the year and multiply it by 4%. (Year 1 to Year 21 = 9240)
Refer to the attached spreadsheet to assist with the calculations and the answer given above.
Answer:
budgeted manufacturing overhead=$2871
Explanation:
Direct labour hours= budgeted production × standard hours per unit
= 870× 1/4 hour=217.5 hours
Direct labour cost = 217.5
× $12 =$2610
Manufacturing overhead = Overhead absorption rate × direct labour cost
= 110%×2610
=2,871
Budgeted manufacturing overhead=$2871
Answer:
a. 0.223
Explanation:
Calculation for the Probability that after one employee arrives, the next one will arrive at least 3 minutes
Since no one comes in 3 minutes,hence:
3minutes/60 =1/20 hours
Thus, the Probability will be calculated as:
Probability=e^20/30
Probability=0.223
Therefore the Probability that after one employee arrives, the next one will arrive at least 3 minutes will be 0.223
Answer:
STAFFING
Explanation:
STAFFING
This is the process of hiring candidates that are eligible for required positions in an organization or company. It is a managerial/ an entrepreneurial responsibility. It is the operation of recruiting employee by evaluating their skills, knowledge and then offering them specific job roles accordingly. Deena decision to hire two people for her own formal wear shop is the process of undergoing staffing in the formal wear shop.
Answer:
Option C. Statements identifying the responsibility of the auditors and management for internal control over financial reporting.
Explanation:
The reason is that the introductory paragraph eliminates the confusion about the role and responsibility of external auditor and the management. This helps them to avoid any litigation based on the confusion and the recruitment of external auditors because they are not liable for internal control to the extent the management has the responsiblity. Furthermore, auditor is only liable to submit a list of internal control which he thinks are impaired or their is a need for a new internal control along with his recommendations. So the option C is correct.