Answer:
(1)
Compute the direct materials price and quantity variances. (Round your answers to 2 decimal places.)
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Explanation:
(1)
Standard quantity 30,060 units × 1/2 pound per unit = 15,030 pounds
(2)
Standard hours 30,060 units × 1/6 hour per unit = 5,010 hours
Actual rate per hour = $106,656/5,555 hours = $19.20
Explanation:
Anthony should choose daily compounding as the best rate of return on his interest. Example, suppose Anthony deposits $1000 in a bank which pays 5% interest compounded daily, this means 365 times per year that his principal deposit was added by 5% interest.
Answer:
The correct answer is letter "B": exchange rates.
Explanation:
Financial Statements are a picture of the company's financial health for a given period of time at a given point in time. The Financial Statements provide a collection of data about a company's financial performance, its current conditions and its cash flows.
When providing the Financial Statements to investors, the <em>language, currency, </em>and <em>exchange rate </em>of the transactions of the firm are the main areas that concern the potential stockholders.
Answer:
<u><em>$27,000</em></u>
Explanation:
<em>8% interest rate</em> on loan implies;
8/100 x $150,000 = $12,000
Making total payment at end of six years=
$12,000 + $150,000= $162,000
The annual payment now equals;
$162,000/6= $27,000
Note that the term annual payment means an equal amount of money to be paid yearly, which if <em>summed up </em>together would repay the loan amount when the repayment period ends
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