Susan is more likely to live in poverty because without a college degree, you are less likely to have a higher paying job
Answer: it is price floor
Explanation:
5$ is the lowest the price can go because they will NOT set it any lower, but it can go higher from there.
i took the testtoo, i got it correct.
floor is the lowest price, ceiling is the highest.
Answer:
c. $3,379
Explanation:
<em>Calculate the Product Costs first as follows:</em>
Direct Materials :
Milling $ 450
Customizing $ 190
Direct Labor :
Milling $ 580
Customizing $ 570
Variable Overheads :
Variable manufacturing overhead : Milling ($ 1.30
×70) $ 91
Variable manufacturing overhead : Customizing ($ 5.00×60) $300
Fixed Overheads :
Milling ( $ 153,400/ 26,000 × 70) $413
Customizing ( $ 18,500/5,000 × 60) $222
Total Cost $2,816
<em>To find Selling Price add a 20% Mark -up on Cost</em>
Total Cost $2,816.00
Add Mark-up 20% $563.20
Selling Price $3,379.20
Answer:
The correct option is b.
Explanation:
Given information: In Prepaid Insurance account
Beginning balance = $14,000
Ending balance of $24,000
Change in balance = $24,000 - $14,000 = $10,000
In means the balance of Prepaid Insurance account is increased by $10,000.
In a cash flow statement, operating activities section represents the changes in current assets (except cash) and current liabilities. Prepaid Insurance is a current asset.
A decrease in Prepaid Insurance will be added to the Operating Activities and a increase in Prepaid Insurance will be subtracted from the Operating Activities section.
The $10,000 increase will be subtracted from the Operating Activities section. Therefore the correct option is b.
Answer:
b. 10.426%
Explanation:
Using the attached formula, convert the nominal rate to effective annual rate
<em>m</em> in the formula is the number of compounding periods per year; 12/2 = 6 in this case.
APR is the nominal rate which is 10%.
Next, plug in the numbers to the formula as shown below;
EAR = ![[1+\frac{0.10}{6}]^{6} -1](https://tex.z-dn.net/?f=%5B1%2B%5Cfrac%7B0.10%7D%7B6%7D%5D%5E%7B6%7D%20-1)
EAR = 1.10426-1
EAR = 0.10426 or 10.426% as a percentage
Hence choice B is correct.
