The type of goal that Nick has set for himself is a short term goal which lasts for six months. Nick did very well in keeping to his goal and he was able to achieves a substantial part of his goal before the time he sets for himself. But if Nick has added an extra $50 to the money he pays monthly, he would have completely achieved his set goal in four months.<span />
Answer:
10.41%
Explanation:
Calculation for the expected interest rate on a four-year maturity
Expected interest rate=[(1+.0947)^10 ÷1+.0885)^6 ]^1=4-1
Expected interest rate=[(1.0947)^10÷(1.0885)^6 ]^1/4-1
Expected interest rate=[(2.47÷1.66)^1/4]-1
Expected interest rate=(1.486^1/4)-1
Expected interest rate=1.1041-1
Expected interest rate=0.1041*100%
Expected interest rate=10.41%
Therefore the expected interest rate on a four-year maturity AA zero coupon bond purchased six years from today will be 10.41%
C.
The formula for unemployment rate is: Unemployment Rate = Number of Unemployed Persons / Labor Force. The labor force is the sum of unemployed and employed persons. By dividing the number of individuals whom are unemployed by labor force, you'll find the labor force participation, or unemployment rate
Answer:
The actual manufacturing cost per unit is 23.46
Explanation:
Step 1. Given information.
- Direct material $10.00
- Direct labor $8.00
- Variable overhead $3.00
- Fixed overhead $2.00
- Total standard cost per unit $23.00
- overhead 29.920
Step 2. Formulas needed to solve the exercise.
Actual manufacturing cost per unit
Direct materials = Fixed overhead * price direct material
Direct labor = direct labor * price per hour
cost per unit = Total cost / units sold
Step 3. Calculation.
(+) Direct materials = 12,200*4.80 = 58.560
(+) Direct labor = 5,950*8 = 47.600
(+) Overhead 29.920
Total 136.080
Cost per unit = 136,080/5,800
Cost per unit = 23.46
Step 4. Solution.
The actual manufacturing cost per unit is 23.46
Answer:
The correct answer is Variable Cost.
Explanation:
According to the scenario, the rent and manager salary is fixed, so, it is under fixed cost.
Whereas, Cost of supplies ( i.e. napkins, bags and condiments) are variable according to the number of customer. As the number of customer increases, cost of supply also increases and as the number of customer decreases, cost of supply also decreases.
This type of cost is known as Variable cost,
Hence, The cost of supply is Variable cost in the given scenario.