Answer:
Final value= $2,282.013
Explanation:
Giving the following information:
Erick is planning to invest $500 at the end of year one, 800 at the end of year two, and 900 at the end of year three at 4.5 percent interest.
To calculate the total final value of the investment, we need to use the following formula for each deposit:
FV= PV*(1+i)^n
Deposit 1= 500*1.045^2= 546.013
Deposit 2= 800*1.045= 836
Deposit 3= 900
Final value= $2,282.013
Entering into an Alternative Dispute Resolution (ADR) agreement.
Alternative Dispute Resolution is very much akin to arbitration in which the parties that are agreeing to surrender their rights to access the judicial system in a civil court that enables a party to bring a lawsuit against another party that is in said agreement.
Answer:
predetermined overhead allocation rate is 12 per direct labor hour
Explanation:
given data
indirect costs = $102000
labor time = 8500 hours
cost of labor = $60 per hour
to find out
predetermined overhead allocation rate
solution
we find here predetermined overhead allocation rate by given formula that is
predetermined overhead allocation rate = indirect costs / labor time .............1
put here value in equation 1 to get rate
predetermined overhead allocation rate = indirect costs / labor time
predetermined overhead allocation rate = 102000 / 8500
predetermined overhead allocation rate = 12
so predetermined overhead allocation rate is 12 per direct labor hour
