Answer: $3,719,548.95
Explanation:
As the amount will be an equal amount each year, it is an annuity. The lump sum to be paid in 6 years growing at 5% would be the present value of this annuity.
The payment will be;
FV = Payment * Future value interest factor of annuity, 6 years, 5%
25,300,000 = Payment * 6.8019
Payment = 25,300,000/6.8019
Payment = $3,719,548.95
Answer:
Variable costs
Explanation:
Variable costs are dependent on production output. The variable cost of production is a constant amount per unit produced. As the volume of production and output increases, variable costs will also increase.
Answer:
The correct answer is True.
Explanation:
Taking advantage of his fame due to known and successful movies, he unveils a new film that will probably have the same connotations as the previous ones. People create an image of Will Smith of his past, and consider it very likely that the new production meets their expectations.
Answer:
Cutting department = $52.50
Finishing department = $90.00
Explanation:
The computation of factory overhead rates under the multiple production department rate method is shown below:-
For cutting department
= Overhead cost ÷ Direct labor hour
= $315,000 ÷ 6,000
= $52.50
For Finishing department
= Overhead cost ÷ Direct labor hour
= $540,000 ÷ 6,000
= $90.00
Hence, the above are the answers and the same is to be considered
