The simple rate of return on the investment is closest to: <u>34.5%</u>
<u>Explanation</u>:
<em><u>Given</u></em>:
Current salvage value = $15,000
Cost of new machine = $408,000
Cash operating cost = $141,000
Simple Return on Investment is Calculated as follows:-
Simple rate of return on the investment = Net Operating Cost Saved/ Initial Investment X 100
So Simple Return = 141000/408000 X 100
= 34.5%
The simple rate of return on the investment is closest to: 34.5%
Answer:
$265,500
Explanation:
Given that
Retained earning = $413,000
Net Loss = $88,500
Paid dividends to stockholders = $59,000
The computation of balance in Retained Earnings is shown below:-
Balance in Retained Earning = Retained earning - Net loss - Paid dividends to stockholders
= $413,000 - $88,500 - $59,000
= $413,000 - $147,500
= $265,500
Answer:
Predetermined manufacturing overhead rate= $10.6 per direct labor hour
Explanation:
Giving the following information:
Car Truck
Estimated wheels produced 36,000 11,000
Direct labor hours per wheel 1 3
Total estimated overhead costs for the two product lines are $731,400.
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 731,400 / (1*36,000 + 3*11,000)
Predetermined manufacturing overhead rate= $10.6 per direct labor hour
Answer:
the moeny supply expand is $9,900,000
Explanation:
The computation is shown below:
Excess reserves is
= Actual - required
= $40,000 - (0.4% × $100000)
= $40,000 - $400
= $39,600
Now Money supply expand is
= $39,600 ÷ 0.4%
=$9,900,000
hence, the moeny supply expand is $9,900,000
Domestic commerce is
b. The buying and selling of products within a particular country
Foreign commerce is the buying and selling of products between two countries
Taxation is the way a government determines tax rates
Laws start out as proposals.