Answer:
$6,194.09
Explanation:
The amount that Danni will have in her savings account (FV) can be determined using a Financial Calculator as follows :
PV = - $5700
N = 4
I/Yr = 2.1 %
P/Yr = 1
PMT = $0
FV = ??
The Future Value (FV) is $6,194.09
Thus, she will have in the account after 4 years an amount of $6,194.09
I would say the duration of unemployment rises. A recession means that for example in the mining industry the prices of metals falls so the result is that often companies cut back on production and lay workers and staff off, or sometimes shut whole mines down completely. So the employers have a harder time to pay their workers because they may not be making a profit anymore. In mining and mineral exploration these recessions or depressions are cyclical in the capitalist system and usually last at least 4-5 years often with no work for mining people.
Answer:
$150,000
Explanation:
Ending inventory, the value of goods available for sale at the end of the accounting period, plays an important role in reporting the financial status of a company and can best be figured out using the equation,
Ending Inventory = Beginning Inventory + Net Purchases - Cost of Goods Sold (or COGS)
Beginning Inventory = $160,000 in retail
Net purchases = $500,000 in retail +$10,000 Markups
Cost of goods sold = $500,000
So, End Inventory = 160,000+500,000+10,000-500,000
End Inventory = $150,000
Answer:
Break-even point dollars
= <u>Fixed cost</u>
Contribution margin ratio
= <u>$12,600</u>
0.73
= $17,260
Contribution per unit = Selling price - Variable cost per unit
= $45 - $12
= $33
Contribution margin ratio = <u>Contribution per unit</u>
Selling price per unit
= <u>$33</u>
$45
= 0.73
Explanation:
In this case, we need to calculate contribution per unit, which is selling price minus variable cost per unit. Then, we will determine the contribution margin ratio, which is contribution per unit divided by selling price. Finally, we will determine the break-even sales in dollars, which is fixed cost divided by contribution margin ratio.
Answer:
Over/under allocation= $30,000 overapplied
Explanation:
Giving the following information:
Manufacturing overhead applied $150,000
The actual amount of manufacturing overhead costs 120,000
To calculate the ending balance, we need to determine whether the overhead was under or over applied:
Over/under allocation= real MOH - allocated MOH
Over/under allocation= 120,000 - 150,000= 30,000 overapplied