Answer:
Abed must earn 13.5% or $108 annual interest to cover the monthly fee.
Explanation:
Abed should earn minimum $9 of interest on deposit each month to cover the bank charges expense.
Average Monthly Balance = $800
Bank Charges = $9.00 per month
Monthly interest rate = (Monthly bank charges / Monthly average balance ) x 100
Monthly interest rate = ( $9.00 / $800 ) x 100 = 0.01125 x 100 = 1.125%
Annual Interest rate = 0.01125 x 12 = 0.135 = 13.5%
Annual Interest = $800 x 13.5% = $108
Answer:
1. Cash (Dr.) $1,470
Accounts receivable (Cr.) $1,470
2. Account Receivable (Dr.) $5,020
Revenue (Cr.) $5,020
3. Salaries Expense (Dr.) $1,380
Cash (Cr.) $1,380
4. Cash (Dr.) $560
Revenue (Cr.) $560
5. Accounts Payable (Dr.) $1,800
Cash (Cr.) $1,800
6. Dividend Paid (Dr.) $340
Cash (Cr.) $340
7. Utilities Expense (Dr.) $440
Cash (Cr.) $440
Explanation:
The Blossom company has incurred expenses and various transactions which are recorded in the journal ledger to form the trial balance of the company. These transaction are recorded according to the company's expense and then these expense are charged to their respective accounts.
Answer:
The standard hours allowed for October would be 5,400 hours
Explanation:
For computing the standard hours allowed for the October month, first, we have to compute the standard per hour unit which is shown below:
= Standard direct labor ÷ Number of units to be produced
= 6,000 ÷ 1,500
= $4
Now, in October month, the direct labor worked for the 1,350 hours and the standard price per unit is $4, So standard hours allowed is
= October direct labor hours × standard price per unit
= 1,350 hours × $4
= $5,400 hours
Offmind's Explanation:
Within these Chefs ability to cook, the one who is associated to the professional organizations might have a better knowledge on how to use various things and apply them to their food but the one without the professional organizations helping them could still be learning, just not from a specific organization. Still though, the question asks us how it would affect their careers. While one chef has involvement with various professional organizations, they could find themselves with better opportunities in their future while the other one might not get those same opportunities due to their lack of association with such organizations. Both, might have the same skills in the end but, most times the one with the more professional experience will have more open doors.
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-<em>Offmind</em>
Answer: hello your question has some missing information below is the missing information
An economy is initially described by the following equations:
C = 80 + 0.8(Y – T)
I = 120 –5r
M/P = Y – 25r
G = 100
T = 100
M = 2,700
P = 3
answer :
equilibrium interest rate ( r ) = 5.6%
equilibrium level of income = 1040
Explanation:
<u>a) New equilibrium interest rate </u>
T = 100 - 20/100 ( 100 ) = 80
Y = C + I + G
= 80 + 0.8( y - 80 ) + 120 - 5r + 100
= 236 + 0.8y - 5r
y = 1180 - 25r ------ ( 1 )
M/P = Y - 25r = 2700 / 3
y = 900 + 25r ------- ( 2 )
equate; equation ( 1 ) and equation ( 2 )
1180 - 25r = 900 + 25r
∴ r = 5.6%
<u>b) Equilibrium level of Income </u>
To determine Equilibrium level of income we will use equation2
Y = 900 + 25(5.6) = 1040
