A = 9,875 (1 + 0.048/12)^ 12(12)
A = $ 15,547
The amount of interest earned on investment = $ 15,547 - $ 9,875
= $ 7,672
Hope this helps
Answer:
Accounts Receivable Credit- $3061.22
Sales Discount Debit- $61.22
Cash Debit- $3000
Explanation:
Ethics and the law is the best option
Answer:
It has no effect
Explanation:
M1 includes the currency and checking accounts. The bank account will decrease by 200 (cheking deposit) and increase currency by 200. So it will be the same as before the transactions.
The M1 money supply will not change as a result of this transaction.
In other words, M1 contains cash and near cash equivalent, this transaction do not increase or reduce these concepts.
Answer:
The total cost of producing the 20,000 windsocks is: $270,000.
Explanation:
COMPUTATION:
MATERIAL HANDLING OF PARTS
.
$1.00
3X20,000
TOTAL OVERHEAD COST = 60,000.
MACHINING MACHINE HOURS.
60/HR
1/minute
5 X 20,000
100,000.
PACKAGING NUMBER OF FINISHED UNITS
.
$2.00
20,000 X 2
40,000.
TOTAL OVERHEAD COST = 60,000 + 100,000 + 40,000 = $ 200,000.
Total Materials and labor
3.50 per windstocks
3.5 x 20,000
= 70,000.
The total cost of producing the 20,000 windsocks is:
= $200,000 + 70,000
$270,000 total cost.