Answer:
The total interest paid on this student loan will be equal to:
$
Explanation:
a) Data and Calculations:
Amount of loan = $30,000
Interest rate = 4.75%
Duration of loan = 5 years
Total interest = $30,000 * 4.75% * 5 = $7,125
b) Since interest is paid annually at the end of each year, this means that $1,425 will be paid each year for 5 years. This gives a total of $7,125 ($1,425 * 5). As a result, we can infer that this is a simple interest payment method, because the interests are not added to the principal. That is, the interest is not compounded. So, the calculation is based on the simple interest formula of principal by interest rate by number of periods.
The concert tickets are represented as an opportunity cost.
Answer:
Option E
Explanation:
In simple words, the given case illustrates the cost analysis method for choosing target market segments. Under such criterion of selection, the subject company identifies various costs that it must bear in order to operate in some potential segment and after identifying those cost, such company evaluates if there will be any profit left for them in the market.
This method is complex, time consuming and needs experts advise but still is most popular nowadays as it gives most accurate results by identifying various quantitative and qualitative factors.
Answer:
The total cost of the department’s ending work in process inventory is $684,000
Explanation:
The computation of the total cost is shown below:
= Material cost + conversion cost
where,
Material cost = (Transferred units + ending work in progress) × material cost per unit
= (68,000 units + 12,000 units) × $4
= $320,000
Conversion cost = (Transferred units + ending work in progress × percentage of completion) × material cost per unit
= (68,000 units + 12,000 units × 40%) × $5
= $364,000
Now put these values to the above formula
So, the value would equal to
= $32,000 + $364,000
= $684,000
That is more of a personal question but the main reasons that people pick a certain job is because of the wages, location, position, and/or the difficulty.
