18%
The "Rule of 72" tells you how long it takes your money to double. Divide 72 by the interest rate to find the number of years. In this case the interest rate is "x"
72/x= 4 years
x=18
Option C
Membership in the Knights of Labor was: open to all working people, including employers.
<u>Explanation:</u>
The Knights of Labor was a particularly growing team and the primary leading national labor party in the United States. Most of the utmost earlier associations restrained membership to proficient workers those with specific practice in a craft and white fellows. It dawned as a covert group proposed to defend its members from employer retaliations.
Emigrants, African Americans, and gentlewomen were also esteemed as members. the Knights of Labor gained patron amidst coal excavators in Pennsylvania, and with railroad operators By 1886, the Knights pretended more than 700,000 members everywhere.
Answer:
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Answer:
Cash basis accounting (record accounting transactions only when the corresponding cash is received or payments are made)
Revenues (cash receipts) $57,000
<u>Expenses ($27,250+$11,750) $39,000
</u>
Net income $18,000
Accrual basis accounting (record accounting transactions for revenue when earned and expenses when incurred)
Revenues (earned) $65,000
<u>Expenses (incurred) $35,500
</u>
Net Income $29,500
Answer:
b. understate the predetermined overhead rate
Explanation:
The rate is determinate by distributing the expected cost over the cost driver
In this case labor cost.
as this value is higher than it should
(labor + some indirect)
the result of the division will be lower thus, the overhead rate is lower than it should be without the mistake.
