Answer:
$307
Explanation:
The computation of the interest expense is shown below:
= Principal × rate of interest × number of days ÷ (total number of days in a year)
= $80,000 × 6% × (23 days ÷ 360 days)
= $307
The 23 days is taking from July 8 to July 31
We simply applied the simple interest formula by multiplying the principal amount with the rate of interest and the time period
If there was an 8% reduction that means there are 92% were left: .92(326) = 299.92 (round it off to nearest tenths, so it will become 300)
Then, this number was then increased by 8%, to a total of 1.08 (300) = 324
There were 324 employees after the July increase.
Alternative solution:
Reduction of 8% 326 x.08 = 26.00 So there is 26 people who were reduced, so deduct that from the 326.326 - 26 = 300
There is a remaining 300 employees. But there is an increase of 8%300 x.08 = 24.00
Add the 24 to the remaining, that is the total number of the employees in the factory,
300 + 24 = 324 employees
Answer:
The statement is true
Explanation:
Booster club is the organization which is formed in order to support the organization, associated club and sports team. The club support through coordinating events or raising the funds.
So, yes, the coaches are legally could receive the bonus from the booster club at the season conclusion as the booster clubs are not state funded, so they are intended to use the money for the school resources.
And there is no legal matter is involves with giving the coaches bonuses as the booster club raise the fund from the extra circular activities.
Answer:
B. the amount of manufacturing overhead cost applied to Work in Process is less than the actual manufacturing overhead cost incurred.
Explanation:
As we know that manufacturing overhead is an indirect expense in which all the indirect cost are recorded
In the case of the underapplied manufacturing overhead, the cost of manfacturing overhead cost that applied to Work in process is lesser than the actual cost spent
Therefore in the given case, the option B is correct