The given problem above is an example of a quick-fire puzzle. In this scenario, the man becomes a millionaire after buying several loaves of bread at $1 a loaf and sells them at 25 cents each, because the man started off as a billionaire, who decided who help the poor. Hope this answers your question.
<span>The answer is 1.43 % per day.
Calculations:
Formula for simple interest: I=PRT, where I=interest; P= borrowed amount; R=rate of interest in percentage; T=time for repayment
hence; P=$300, I=$60, T=14 days, then R=?
R={(I/PT) *100)}% per day={(60/300*14)*100}=1.43 % per day
interest rate (R) that Fred was charged for the aforementioned loan was 1.43 % per day</span>
Answer:
$130 Favourable
Explanation:
Given the above information,
Standard hours = 2 × 4770 = 9,540
Actual hours = 8,940
Standard rate = $32.50
Then, Direct labor efficiency variance is computed as
= ( Standard hours allowed for production - Actual hours taken) × Standard rate per direct labor hour
= [(2 × 4,770) - 8,940] × $32.50
= [9,540 - 8,940] × $32.50
= 600 × $32.50
= $130 Favourable
Answer:
$210,400
Explanation:
Particulars Amount
Cost of Goods Manufactured $380,900
Add: Closing WIP $46,000
Less: Opening WIP -$35,000
Less: Factory Overhead Applied -$125,600
Less: Direct Labor -$62,700
Add: Closing stock of Direct material <u>$6,800 </u>
Direct Material Available for use <u>$210,400</u>
The economists think about the pros and cons of the relation between the private ownership and the property maintenance. The property maintenance level depends on the level of the property owner responsibility which can affect the value of the property itself. There is a benefit to the private ownership if the private owner is a responsible one. A loss will occur if the private owner is not responsible.
