Perpetuity pays $100 each and every year forever. the duration of this perpetuity will be 12.11
Yield rate = 9% or 0.09
Duration of perpetuity = (1+ Interest Rate) / Interest Rate
= 1+ 0.09 / 0.09
= 1.09 / 0.09
= 12.11
A perpetual annuity is a never-ending annuity or series of cash payments that lasts forever. True eternity is rare. For example, the UK government has issued them in the past. These were known as consoles and were all eventually redeemed in 2015. Cash flow is endless.
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Answer:
See below
Explanation:
Required 1
Overhead rate
= Overhead costs ÷ Direct material cost
= [$612,000 ÷ $1,800,000] × 100
= 34%
Required 2
Total cost of job in process
$90,000
Less: Materials cost of job in process
($27,000)
Less: Overhead applied (34% × $27,000)
($9,180)
Direct labor cost
$53,820
Answer: Public tort
Explanation: In simple words, public tort refers to the minor breach of contract by an individual. It is considered as a civil offense but still the acts under this act carries a criminal punishment.
In the given case, Hal did not make the elevator inspected in the seventh story for two years, however all other were inspected as per the rules. Thus, we can conclude that he breached the rule on a small level.
Hence from the above we can conclude that his offense would be classified as public tort.
In 1821, Boston started the first public high school in the United States. By the close of the 19th century, public secondary schools began to outnumber.
