A(7)=672(1+.05/4)^4(7)
A(7)=$951.55
Answer:
Total cost= $9395
Explanation:
Giving the following information:
The company has two departments: Assembly and Sanding.
The Assembly Department:
Departmental overhead rate of $35 per machine hour.
The Sanding Department:
Departmental overhead rate of $20 per direct labor hour.
Job 603:
Direct labor hours used 85
Machine hours used 107
The cost of direct labor is $30 per hour
Direct materials used= $1,400.
Total cost= direct materials + direct labor + manufacturing overhead
Total cost= 1400 + $30*85 + [(107*$35)+(85*$20)]
Total cost= 1400 + 2550 + 5445
Total cost= $9395
1.) Job responsibilities
2.) D
3.)A
4.)B
5.)D
Hope this helps you out some!! :)
Given:
Principal, P = 26500
term=5 years
Monthly payment, A = 695
Question: Find interest rate
Solution:
Unless there is a table available, there is no explicit formula to calculate interest. However, the interest rate can be solved for using the formula to calculate the monthly payment, as follows.

Substituting
P=26500
i=monthly interest rate to be found
A=monthly payment=695
n=5*12=60 months

Rearrange to give successive estimates of i by
I(i)=(695/26500)*((1+i)^60-1)/(1+i)^60
Try initial estimate of i=0.02 (2% per month)
I(0.02)=0.0182
I(0.0182)=0.01736
I(0.01736)=0.01689
....
Eventually we get the value to stabilize at i=0.016265, or
Monthly interest =
1.6265% (to four decimal places)
I think the likely response from the bank is that probably the date when you issued the checks is not the same when the beneficiary cashed or deposited them.