Answer:
$3,992.87
Explanation:
To determine the amount that would be deposited every year, the formula to be used is : future value/ annuity factor
Annuity factor = {[(1+r) ^N ] - 1} / r
FV = Future value = $82,000
P = Present value
R = interest rate = 7.3%
N = number of years = 13
= (1.073)^13 - 1 / 0.073 = 20.536622
$82,000 / 20.536622 = $3,992.87
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The answer will be CANOE. Hope this helps:)
Answer:
$96,080
Explanation:
Calculation of Caldwell Company amount of overhead applied to Product A using activity-based costing.
First step is to use ABC, Overhead assigned to Product A :
Using this formula
[(Number of machine setups for Product A / 1,000) * Machine setup Overhead costs] + [(Number of machine hours for Product A / 30,000) * Machining Overhead costs] + [(Number of inspections for Product A / 1,500) * Inspecting Overhead costs]
Hence:
Let plug in the formula
= [(240 / 1,000) * $105,000] + [(22,200 / 30,000) * $50,000] + [(660 / 1,500) * $77,000]
= $25,200 + $37,000 + $33,880
= $96,080
Therefore Caldwell Company amount of overhead applied to Product A using activity-based costing will be:$96,080
Answer:
Price elasticity of demand using midpoint method is -1.1282
Explanation:
Formula of price elasticity of demand using midpoint method is as follows:
Price elasticity of demand = (Change in Demand / Average of demands) / (Change in Price / Average of Prices)
Price elasticity of demand = ( 12,500 - 7,000 ) / [( 12500 + 7000 ) /2 ] / ( 3 - 5 )/[( 3 + 5 ) /2]
Price elasticity of demand = (5500 / 9750) / ( -2 / 4)
Price elasticity of demand = 0.5641 / -0.5
Price elasticity of demand = -1.1282