Competition for jobs involves candidates who are technologically literate
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Answer:
$229,890
Explanation:
The formula to compute the ending inventory is shown below:
= Cost of inventory + goods purchased from f.o.b. shipping point + goods sold at f.o.b. destination
= $185,000 + $24,080 + $20,810
= $229,890
We added the goods purchased and goods sold to the cost of inventory so that the accurate value of the ending inventory can come.
Answer:
Here we need to find the length of an annuity. We know the interest rate, the PV, and the payments. Using the PVA equation:
PVA =C({1 – [1/(1 +r)t]} /r)
$14,500 = $500{[1 – (1/1.0155)t] / 0.0155}
Now we solve for t:
1/1.0155t = 1 − {[($14,500)/($500)](0.0155)}
1/1.0155t= 0.5505
1.0155t= 1/(0.5505) = 1.817
t = ln 1.817 / ln 1.0155 = 38.83 months
<u>Account will be paid off in 38.83 months.</u>
Answer: $18,224 unfavourable
Explanation:
The materials quantity variance for the month will be calculated thus:
= Standard Cost per unit × ( Actual materials Used - Actual output)
= 13.4 × [( 4,300 - 700) × 4.2]
= $18,224 unfavourable
Therefore, the materials quantity variance for the month is $18,224 unfavourable
