Answer:
$34.73 per direct labor hour
Explanation:
Predetermined overhead rate
= Estimated manufacturing overhead / Estimated labor hour
= [$1,245,216 + ( 43,600 × $6.17 ) ] / 43,600
= [$1,245,216 + $269,012] / 43,600
= $1,514,228 / 43,600
= $34.73 per direct labor hour
Therefore, the predetermined overhead rate for the recently completed year was closest to $34.73 per direct labor hour.
Answer:
B) Keith's prior act of dealing and conduct with Harry confirms acceptance of the offer.
Explanation:
The UCC establishes several rules regarding valid offers, but when both parties are merchants, the rules are much more flexible since both parties are generally involve in this type of transactions because they are part of their work.
For example, an offer between merchants doesn't need to be sent out every time in writing and accepted with a signature (as offers over $500 between non-merchants), the previous deals, requests and offers can serve as confirmation of acceptance.
In this case, Harry's previous acceptance of Keith's shipments during one year serve as a confirmation of acceptance of a current offer. Harry knew that Keith was going to deliver the goods next month, and if he didn't want them anymore, he should have clearly stated it.
Answer:
e) energy returned divided by energy invested.
Explanation:
When assessing energy resources, it is helpful to use a measure called Energy Returned On Investment (EROI), which is energy returned divided by energy invested.
Energy Returned On Investment (EROI) is a means of measuring the quality of an energy source.
Generally, EROI can be defined as the ratio of the quantity of usable energy (exergy) gotten from a specific energy resource to the quantity of energy used to produce that energy resource.
<em>Some examples of energy resources are fossil fuel, solar, hydropower, wind, nuclear, tidal, hydrogen, wave etc. </em>
Answer:
<em>Max APR=6.34%</em>
Explanation:
<u>Present Value of Payments</u>
If someone borrows an amount PV and will make regular payments of R dollars, then the relation between them is
Where
We know the maximum value for R is $650, thus we can know the minimum value for Fa with:
It means that we need to find the value of i such that (for n=48):
This equation cannot be solved in terms of natural or algebraic functions. We need to find the best possible value of i by any numerical approximate method. Let's start off by setting i=0.01
It's too far away from the required value. Now we adjust to i=0.005
This is a much better value. A final iteration for i=0.00528 gives
This value is close enough to the required answer. Converting it tho APR:
Answer:
Equilibrium price will increase and quantity demanded will increase.
Explanation:
Chicken and beef are both meat and exist as substitutes.
The New York Times report on out break of mad cow disease will make consumers look for a substitute to beef, they will buy more of chicken.
The fact that this breed of chicken eat the same feed and gains more weight will attract customers.
When a factor besides price affects the demand of a good it results in a demand shift. In this case demand for chicken increases, so demand curve shifts to the right.
The equilibrium price will also increase as more of the chicken will now be supplied. This is illustrated in the attached diagram by equilibrium price shift from P1 to P2.