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3 years ago

When you buy a house, what is the ball-park figure you should use for the price of the house

1 answer:

7 0

Buying a home is a big commitment. For most of us, it will be the biggest purchase we make in our lifetime. According to the National Association of Realtors, it also usually ties us to one place for about 12 years. Of course, the process is about more than finding a home you like. It’s about finding a home you can afford and enjoy for years to come. And the price tag you see isn’t the full story. It’s important to consider all of the financial factors of home ownership before you sign any dotted lines. Here are five costs to consider before buying a home this year (or any year!).

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Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS At the beginning of

fiasKO [112]

Answer:

1. Overhead rate based on direct labor cost = Overhead applied * 100/Direct labor cost

Overhead rate = 888 * 100/1200

Overhead rate = 74% of direct labor cost

2. Preparation of the brief job-order cost sheet for the four jobs.

Job 86 Job 87 Job 88 Job 89

Beginning balance, March 1 6,888 6,820

Direct materials 3,000 7,000 2,100 1,500

Direct labor 800 6,000 900 500

Applied overhead <u>592 </u> <u> 4440</u> <u>666</u> <u>370</u>

Total Balance March 31 <u>11,280</u> <u>24,260</u> <u>3,666</u> <u>2,370</u>

5 0

3 years ago

suppose winston's annual salary as an accountant is $60,000 and his financial assets generate $4,000 per year in interest. one d

coldgirl [10]

To run the business, he outlays $8,000 in cash to cover all the costs involved with running the business, and earns revenues of $150,000. Winston's implicit costs $64,000

<h3>What is implicit costs?</h3>

Any expense that has already happened but isn't always shown or reported as a separate charge is considered an implicit cost. It stands for an opportunity cost that develops when a business commits internal resources to a project without receiving any direct payment in exchange.

For instance, losing out on sales and commissions while training a new employee takes up a day. This opportunity cost, often known as the commission and other pay, is a cost to the employee or trainer.

Explicit costs are distinguished from implicit costs by economists. Out-of-pocket costs including those for labour, supplies, and rent are considered explicit costs, also known as accounting costs. Implicit costs are expenses a company faces without making a direct financial commitment.

To learn more about implicit costs visit:

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8 0

2 years ago

Diego deposited a certain sum of money in a bank 2 years ago. If the bank had been paying interest at the rate of 8% compounded

igomit [66]

Answer:

Diego's initial deposit is $11,111

Explanation:

Let A be the initial deposit Diego made

The amount he will get after two years with continuously compounded interest rate 8% is given by

V = A $e^{rt}$

Where r is the annual interest rate and t is the number of years (2)

And the actual amount he receive is 13,000

So A = $\frac{V}{e^{0.08\times2} }$ = 13,000 / 1.17 = $11,111

4 0

3 years ago

Entitlement culture is the idea that __________________________. a. basic salaries are extra pay for sales performance rather th

Lunna [17]

Answer:

The correct answer is letter "D": bonuses are deferred salary rather than extra pay for extra sales performance.

Explanation:

In the corporate world, entitlement culture refers to the workers' beliefs that they deserve a series of privileges. This tends to happen during growth periods. Employees assume that the optimal situation of the firm has to do with their performances then, the organization owes them.

An idea that is commonly spread under such a scenario is that bonuses and commissions are deferred salaries and not extra payment for outstanding performance.

3 0

3 years ago

Enterprise Machinists is always improving upon its core competencies by training its machinists constantly so that they are equi

german

The concept of Dynamic capabilities is used by the firm to improve its core competencies.

<h3>What is the concept of Dynamic capabilities?</h3>

This entails a firm ability to integrate and build its competencies to address rapidly changing environments.

Hence, as the firm trains its machinists constantly so that they are equipped to deal with technological advancements, it is adhering to concept of Dynamic capabilities.

Read more about Dynamic capabilities

<em>brainly.com/question/17102004</em>

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6 0

2 years ago