Answer:
PV=$237,228.84
Explanation:
Giving the following information:
Annual payment= $25,000
Number of periods= 15 years
Interest rate= 7.5%
<u>To calculate the value of the payments today (PV), we need to use the following formula:</u>
<u></u>
PV= A*{(1/i) - 1/[i*(1 + i)^n]} * (1+i)
PV= 25,000*{(1/0.075) - 1/ [0.075*(1.075^15)]} * 1.075
PV=$237,228.84
Answer:
The correct answer is "Gross domestic product (GDP)"
Explanation:
The market value of all the final goods and services produced in a specific time period is called Gross Domestic Product GDP
Answer:
OVERHEAD APPLIED USING DIRECT LABOR
Stamping // Labor Hours // Applied Overhead
bumpers 590 $ 76,700
Valve 310 $ 40,300
Wheels 350 $ 45,500
1250 $ 162,500
Planting // Labor Hours // Applied Overhead
bumpers 195 $25,350
Valve 200 $26,000
Wheels 195 $25,350
590 $76,700
OVERHEAD APPLIED USING MACHINE HOURS
Stamping // Machine Hours // Applied Overhead
bumpers 810 $42,120
Valve 570 $29,640
Wheels 620 $32,240
2000 $104,000
Planting // Machine Hours // Applied Overhead
bumpers 1150 $59,800
Valve 700 $36,400
Wheels 750 $39,000
2600 $135,200
Explanation:
As the overhead rate using labor hours is $130 Then:
<u>Total expected overhead:</u> $130 x 1,840 labor hours = $239,200
Machine Hours overhead rate:
$ 239,200 / 4,600 hours = $52
To get the amount of overhead applied on each product we multiply their use of the cost drive by the overhead rate.
Answer:
b. An income statement account,
Explanation:
The allowance for doubtful debts accounts is not an income statement account because it has not yet been regarded as a bad debt expense which would be shown in the income statement as an expense.
It is a contra asset account that would be deducted from the asset it relates to in the balance sheet(the accounts receivable)
So also, it is an estimate of the uncollectible portion of the accounts receivable.
Finally, the fact it is reflected in the balance sheet means it is a balance sheet account.
Answer:
Industrial Market
Explanation:
Market owned called Market and the consumer markets are paying for the food