Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Standard labor-hours per unit of output 8.6 hours Standard labor rate $ 15.50 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 8,500 hours Actual total labor cost $ 129,200 Actual output 840 units
Actual rate= 129,200/8,500= 15.2
Direct labor price variance= (SR - AR)*AQ
Direct labor price variance= (15.5 - 15.2)*8,500= $2,550 favorable
Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (7,224 - 8,500)*15.5= $19,778 unfavorable
Answer:
The EPS for 2019 was $0.32
Explanation:
A Net Income $20,000,000
B No. of preferred Stock shares $4,000,000
C Par value per share $10.00
D = C*10% Dividend per share (10%) $1.00
E = B*D Preferred Dividend $4,000,000.00
F = A - E Net Income(Common Stockholders) $16,000,000.00
G Number of share(common stock)outstanding 50,000,000
H = F - G Earning per share for 2019 $0.32
Therefore,The EPS for 2019 was $0.32
The type of unemployment that Althea is experiencing is
called the frictional unemployment. Usually this occurs if there is a mismatch
between the employer and the worker. In relation to Althea’s situation, there is
“mismatch” because she prefers to teach at one of the top 10 universities in
her field despite receiving many job offers. In simpler terms, Althea is
looking for a better opportunity on the top 10 universities.
Answer:
The forward discount is 1.0688679245. Interest parity does not hold. In foreign markets Dollar will not appreciate in spot because it is trading at forward discount
Explanation:
According to the given data we have the following:
1 USD = 1.1 Canadian dollar (Spot)
1 USD = 1.3 Canadian dollar (Forward)
In order to calculate forward discount we would have to use the following formula:
Forward= Spot rate * (1+ Interest rate of Canada) / (1+ Interest rate of US)
Forward = 1.1*(1+0.03) / (1+0.06) = 1.0688679245
1.0688679245 < 1.2 (Interest parity does not hold)
Here dollar is trading at forward discount
In foreign markets Dollar will not appreciate in spot because it is trading at forward discount
Answer:
Short term capital loss and $10,800
Explanation:
Remaining balance - Capital gains
$18,000 - $7,200 = $10,800
Monty can report the bad debt of $18,000 as short term capital loss since it is expense for the business and receivables are not recoverable. This amount can be reported as loss of the business.