Answer:
I think these are personal questions which means there is no right answer
Answer:
Option (c) $7,672
Explanation:
Data provided in the question:
Investment amount i.e principle = $9,875
Interest rate,r = 4.8%
Time, t = 12 years
Now,
Future value = Principle ×
n = number of times compounded per year
Future value =
Future value =
Future value =
Future value = $17,546.55
Also,
Future value = Principle + Interest
Therefore,
$17,546.55 = $9,875 + Interest
or
Interest = $17,546.55 - $9,875
= 7671.55 ≈ $7,672
Hence,
Option (c) $7,672
Answer:
A.
Explanation:
because 500x12 = 6,000 if you need to pay 500 every month then you need to pay 6,000 every year because they are 12 months each year and 500x12 = 6,000
Answer:
d. A debit to Work-in-Process Inventory, Finishing Department of $140,000.
Explanation:
Cost of unit transferred = $4 x 35,000 = $140,000
Cost incurred by mixing department is $4 which so the transfer of cost from mixing department to finishing department will be $140,000 for 35000 units. This cost will be recorded in the work in process inventory account of finishing department. As we know that WIP account has debit nature so same entry will be done to record an expense incurred in mixing department.
The approximate occupancy rate INDEX last month for Ginger's hotel is 112
<u>Explanation:</u>
Ginger’s occupancy = 85%
Its competitive set has 150,000 rooms. But only 115,000 sold
So occupancy rate of the competitive set = 115000 by 150000 = 0.7667 = 76.67%
The occupancy should always be rounded to the lower whole number (so as to not change the occupancy rooms)
Hence competitive set occupancy = 76%
So, occupancy rate INDEX = ginger’s occupancy by competitive set occupancy
= 85 by 76
= 1.1184
=112% (rounded to nearest whole number)
Hence, Answer is: 112
