The reason why the two white or amber colored lights in the rear end of the car are turned on is because when the car is backing up, these lights are represented as the back up lights. It is used in order to alert the cars on the back that the car is about to back up or drive in reverse. It sends them the alert to know that they should stop or back up when the car is about to drive in reverse.
Given:
tuition: 180,000 per year
period to save: 18 years
annual rate of return : 6%
FV = PV * (1+r)^t
180,000 = PV * (1 + 0.06)¹⁸
180,000 = PV * (1.06)¹⁸
PV = 180,000 / (1.06)¹⁸ = 180,000 / 2.854 = 63,069.38
Jack and Jill will have to invest 63,069.38 in the first year to have a total of 180,000 after 18 years.
Using Future Value Annuity formula:
FV of Annuity = P [{(1+r)^n - 1} / r]
180,000 = P [{(1.06)¹⁸ - 1} / 0.06]
180,000 = P (30.906)
P = 180,000 / 30.906
P = 5,824.11
Jack and Jill will have to deposit 5,824.11 every end of the year for the total to reach 180,000 after 18 years.
Answer:
$3,000 F
Explanation:
Note that an activity variance is the difference between a revenue or cost item in the flexible budget and the same item in the static planning budget, and can also be the difference in the actual level of activity used in the flexible budget and the level of activity assumed in the planning budget.
In budgeting activity variance is divided into two types;
- When actual results are better than expected results the given variance is described as favorable variance. In common use favorable variance is denoted by the letter F - usually in parentheses (F).
- When actual results are worse than expected results given variance is described as adverse variance, or unfavorable variance. In common use adverse variance is denoted by the letter U or the letter A - usually in parentheses (A).
In the case of Wisseman Corporation the activity variance for total expenses for September would have been closest to $3,000 F.
Answer:
The direct labor rate variance is negative 16,500
Explanation:
8,000 units at 2hours per unit = 16,000 hours x <em>$12 per hour</em> = $192,000 standart cost for the job
actual 15,000 hours and $196,200 total labor cost
labor cost per hour = 196,200/15,000 = <em>13.1 actual rate per hour</em>
( standar rate - actual rate ) x actual hours = rate variance
(12 - 13.1) x 15,000 = -1.1 x 15,000 = -16,500
I think Larry could sue for misrepresentation about the true qualities of the lawnmower he was sold.In other words, finding out that his new lawnmower is not self-propelled, does not mulch and only has a 90 day instead of a 5 year warranty he is totally within his rights to sue in small claims court for his money back at least.
