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3 years ago

______________, in a savings account, is calculated as a percentage of what you have saved.

1 answer:

7 0

Interest, in a savings account, is calculated as a percentage of what you have saved.

A bank will let you know what percentage of interest they pay monthly on your savings account. Each bank can vary by what they pay in interest so it is important to do your research and search for a bank that gives an amount back that is suitable to you. Keeping your money in savings allows for interest to accrue at a faster rate.

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The predetermined manufacturing overhead rate for the year was 140% of direct labor cost; employees were paid $17.50 per hour. I

Aleks04 [339]

Answer:

D. $ 367.500

Explanation:

We have to first compute the total direct labor cost. This is done by multiplying the estimated direct labor hours with the hourly rate.

Total Direct Labour costs $ 17.50 per hour * 15,000 hours = $ 262,500

Estimated manufacturing overhead per the data in the question is 140 % of Direct labor cost,

Estimated manufacturing overhead is $ 262,500 * 140 % = $ 367,500

5 0

3 years ago

1/1/2019 sally miller purchased $500 of merchandise on account; the cost of the item is $310

timofeeve [1]

<u>Solution and Explanation:</u>

date Particulars Debit Credit

1st january, 2019 Account receivable 500

Sales revenue 500

(To record sales on account)

Cost of goods sold 310

Merchandise inventory 310

(To record cost of goods sold)

31st january, 2019 Notes receivable 500

Accounts receivable 500

(To record notes receivable for the 60 days at the rate of 6 percent)

1st April, 2019 Allowances for Doubtfull accounts 500

Notes receivable 500

(In order to write off Sally Millers account, no interest revenue is to be recognised)

2nd May, 2019 Notes receivable 500

Allowances for doubtful debts 500

( in order to record re-instatement)

2nd May, 2019 Cash 507.50

Notes receivable 500

Interest revenue 7.5

( In order to record the payment received)

3 0

3 years ago

What are the central concerns of economics?

attashe74 [19]

"<span>B) Resource use, production, and distribution of goods and services" is the correct answer. Economics is really a study of limited resources, and how people make choices. </span>

5 0

2 years ago

Which of these innovations would not qualify as a dominant design? a. The two wheeled diamond frame bicycle b. Direct online ins

Alecsey [184]

The best answer for this question would be:

d. The 5 string bass guitar

This innovation is not a dominant design because it has already been done, and that the attempt of this 5-string would result in a musical failure.

7 0

3 years ago

Computers makes 5 comma 900 units of a circuit board, CB76 at a cost of $ 290 each. Variable cost per unit is $ 220 and fixed c

blondinia [14]

Answer:

There is a loss on buying from outside supplier ,Peach's offer should not be accepted.

Explanation:

Variable cost is a cost that varies with number of units produced or sold so it is always a relevant cost while making decision.

Fixed cost remains constant irrespective of number of units so it is a irrelevant cost unless avoidable.So in the given case ,fixed cost $70 is irrelevant since same will be incurred whether purchased or manufactured.

Incremental savings

Saving in variable cost 220

saving in fixed cost 25

Total saving 245

less: Incremental cost (270)

Incremental profit /(loss) on buying from outside supplier (25)

Total loss 25*5900= -147500

Therefore, There is a loss on buying from outside supplier ,Peach's offer should not be accepted.

4 0

3 years ago