Answer:
0.6
Explanation:
Data provided :
Mean = 100
Standard deviation = 20
Salvage value of the tree = $ 0
Actual cost of the tree = $ 20
Selling cost of the trees = $ 50
Now, the cost of shortage = Selling cost - actual cost = $ 50 - $ 20 = $ 30
and the outrage cost = actual cost = $ 20
Now,
the service level is calculated as:
service level = 
on substituting the value, we get
service level = 
or
Service level = 0.6
Fixed rates have the advantage over variable rates in that debt may be readily repaid within the allotted time. Hence, choice B
<h3>What is a fixed and variable rate?</h3>
Loans with fixed interest rates have an interest rate that will not change throughout the loan's term, regardless of changes in market interest rates. A loan with a variable interest rate is one in which the interest rate imposed on the outstanding balance changes in accordance with changes in the market interest rates.
Therefore, the benefit of fixed rate versus variable rate is that it enables speedier debt repayment.
Learn more about interest rates:
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<span>Shale oil mining corporation is a us employer shale oil and other us employers must perform 1-9 verifications for </span>new hires who work under the employer's direct supervision <span>including contractors and day workers.
1-9 verifications is required for all employee from another country to work in united states. This verification is required by homeland security in order to control the background check</span>
Answer:
Work in process account= $76,680
Explanation:
Giving the following information:
Balance in work in process on May 1 $57,600
Direct material costs for May $89,200
Overhead applied at a rate of 120% of direct labor dollars
Direct labor= $76,500
Jobs completed during May and transferred to finished goods inventory was $242,420
Work in process account= Beginning work in process+direct materials + direct labor + manufacturing overhead - Jobs completed during May
Work in process account=57600 + 89200 + 76500 + (76500*1.20)- 242420
Work in process account= $76,680
Answer:
May 1
Dr Cash 800,000
Cr Bonds payable 870,000
Nov 1
Dr Interest expense 24,000
Cr Cash 24,000
Dec 31
Dr Interest expense 8,000
Cr Interest payable 8,000
Explanation:
Thomson Co Journal entries
May 1
Dr Cash 800,000
Cr Bonds payable 870,000
Nov 1
Dr Interest expense 24,000
Cr Cash 24,000
(800,000*6%*6/12)
Dec 31
Dr Interest expense 8,000
Cr Interest payable 8,000
(800,000*6%*2/12)
