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3 years ago

What is savings?, How can you save in a bank? And why is it important?

Business

1 answer:

Strike441 [17]3 years ago

3 0

Explanation:

Savings are the money one has saved, especially through a bank or official scheme.

You can save in a bank by frequently depositing money into a bank account.

Savings are important for the availability of money during emergencies or to avoid going into debt to pay for your necessities.

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After evaluating Null Company’s manufacturing process, management decides to establish standards of 3 hours of direct labor per

docker41 [41]

Answer:

Direct labor rate variance = (SR - AR) $\times$ AH

October = ($15 - $15.20) $\times$ 16,250 = - $3,250 Unfavorable

November = ($15 - $15.25) $\times$ 22,000 = - $5,500 Unfavorable

Direct Labor Efficiency Variance = (SH - AH) $\times$ SR

October = (16,800 - 16,250) $\times$ $15 = 8,250 Favorable

November = (18,000 - 22,000) $\times$ $15 = - $60,000 Unfavorable

Direct Labor Cost Variance = Standard Cost - Actual Cost

October = $252,000 - $247,000 = $5,000 Favorable

November = $270,000 - $335,500 = - $65,500 Unfavorable

Explanation:

Computing variances for each month

Particulars October November Equation

Total units produced 5,600 units 6,000 units (a)

Standard hour per unit 3 hours 3 hours (b)

Total standard hour SH 16,800 18,000 (c) = (a)*(b)

Total standard cost

of labor @ $15 SR per hour $252,000 $270,000 (d) = (c) * 15

Actual hours used AH 16,250 22,000 (e)

Actual cost $247,000 $335,500 (f)

Actual Rate per hour AR $15.20 $15.25 (g) = (f)/(e)

Using the above information we have

Direct labor rate variance = (SR - AR) $\times$ AH

October = ($15 - $15.20) $\times$ 16,250 = - $3,250 Unfavorable

November = ($15 - $15.25) $\times$ 22,000 = - $5,500 Unfavorable

Direct Labor Efficiency Variance = (SH - AH) $\times$ SR

October = (16,800 - 16,250) $\times$ $15 = 8,250 Favorable

November = (18,000 - 22,000) $\times$ $15 = - $60,000 Unfavorable

Direct Labor Cost Variance = Standard Cost - Actual Cost

October = $252,000 - $247,000 = $5,000 Favorable

November = $270,000 - $335,500 = - $65,500 Unfavorable

8 0

4 years ago

Vaughn Manufacturing has 11500 shares of 5%, $100 par value, non-cumulative preferred stock and 46000 shares of $1 par value com

Oksana_A [137]

Answer:

$23,000

Explanation:

Total dividends = $138,000 (Paid in 2020)

Common stock outstanding = 46,000 shares

Preferred dividend = Number of shares × Par value × 5%

= 11,500 × $100 × 5%

= $57,500

Dividends received by common stock holders in 2020 is;

= Total dividends - Preferred dividend

= ($138,000 × 1) - ($57,500 × 2)

= $138,000 - $115,000

= $23,000

5 0

3 years ago

Which behaviors might lead someone to have a low credit score?

lara [203]

IF they spend more than they can afford

If they cannot pay back their loans at all

If they cannot pay back their loans on time

hope this helps

8 0

3 years ago

Read 2 more answers

First National Bank charges 13.1 percent compounded monthly on its business loans. First United Bank charges 13.4 percent compou

FinnZ [79.3K]

Answer:

EAR for First national Bank = 13.92 %

EAR for First United Bank = 13.85 %

Explanation:

given data

First National Bank charges = 13.1 percent

compounded monthly , 1 year = 12 month

First United Bank charges = 13.4 percent

compounded semiannually , 1 year = 2 semiannually

solution

we get here first EAR for First national Bank that is express as

EAR for First national Bank = $(1+ \frac{r}{n} )^n - 1$ .....................1

here r is rate and n is month

so put here value

EAR for First national Bank = $(1+ \frac{0.131}{12} )^{12} - 1$

EAR for First national Bank = 13.92 %

and

EAR for First United Bank is

EAR for First United Bank = $(1+ \frac{r}{n} )^n - 1$ ..................2

here r is rate and n is semi annually

EAR for First United Bank = $(1+ \frac{0.134}{2} )^2 - 1$

EAR for First United Bank = 13.85 %

here First United bank EAR is less

5 0

3 years ago

Franklin Aerospace has a quick ratio of 2.00x, $36,225 in cash, $20,125 in accounts receivable, some inventory, total current as

MrRissso [65]

Answer:

8.28 times

Explanation:

The number of times that Franklin Aerospace sell and replaces its inventory shall be determined through following mentioned formula:

Inventory turnover=sales/inventory balance

First we have to calculate the inventory balance which shall be determined as follows:

Quick ratio=current assets-inventory/current liabilities

2= $80,500-inventory/ $28,175

$56,350=$80,500-inventory

Inventory=$80,500-$56,350=$24,150

Now we will the number of times that Franklin Aerospace sell and replaces its inventory:

Inventory turnover=$200,000/$24,150=8.28 times

8 0

3 years ago