Calculation of total number of budgeted direct labor hours for the year:
It is given that Martin manufactures two garden products. These products each require four direct labor hours (dlh) to manufacture. Each product is budgeted for 2,500 units of production for the year.
Hence, the total number of budgeted direct labor hours for the year shall be = 2 Products *2500 units * 4 dlh = 20,000 dlh.
It is false that the market rate is used to calculate the actual cash payments made to bondholders rather it is the economic price for goods and services that is offered for them in free market or market place. It is also called a going rate, the market value or market price are equal only under conditions of market equilibrium and rational expectation.
Answer:
annuity factor for 20% and 6 periods = 3.326
Explanation:
the IRR represents the discount rate at which a project's NPV = 0
NPV = initial outlay + PV of future cash flows
NPV = 0
initial outlay = -$831,500
PV of future cash flows = $831,500 = cash flow x annuity factor
annuity factor = $831,500 / $250,000 = 3.326
using an annuity table and looking for the annuity factors for 6 periods, we find that the annuity factor for 20% and 6 periods = 3.326.
So our IRR = 20%
Answer:
Kailua and Company
Schedule of Cash Collections
August September
Cash collections from June $25,200 $0
Cash collections from July $38,500 $19,250
Cash collections from August $17,220 $43,050
<u>Cash collections from September $0 $17,800 </u>
Total cash collections $80,920 $80,100
I suppose that 5% of the billings are uncollectible since 20% + 50% + 25% = 95%.
Answer:
The correct answer is option D.
Explanation:
The reserve requirement is 20 percent.
The Fed purchases $100 million of U.S. securities from security dealers.
The excess reserves with banks are zero.
When fed purchased securities, this open market operation increased the reserves with banks by $100 million.
The increase in money supply
= 
= 
= 500
