Answer:
The amount in Bob's account is $26320.516
Explanation:
The total amount saved each month for the down payment (A ) = $315
The interest rate per month (r ) = 0.41 %
Number of years (n ) = 6 years
Below is the calculation to find the total amount in Bob’s account. Here, we will take the number of compounding period as 72 because the interest rate is monthly compounded and there are 72 months in 6 years.
![= A\left [ \frac{\left ( 1+r \right )^{n\times 12}-1}{r} \right ] \\= 315 \left [ \frac{\left ( 1+ 0.0041 \right )^{6\times 12}-1}{0.0041} \right ] \\= 315\left [ \frac{\left ( 1+ 0.0041 \right )^{72}-1}{0.0041} \right ] \\= $ 26320.516](https://tex.z-dn.net/?f=%3D%20A%5Cleft%20%5B%20%5Cfrac%7B%5Cleft%20%28%201%2Br%20%5Cright%20%29%5E%7Bn%5Ctimes%2012%7D-1%7D%7Br%7D%20%5Cright%20%5D%20%5C%5C%3D%20315%20%5Cleft%20%5B%20%5Cfrac%7B%5Cleft%20%28%201%2B%200.0041%20%5Cright%20%29%5E%7B6%5Ctimes%2012%7D-1%7D%7B0.0041%7D%20%5Cright%20%5D%20%5C%5C%3D%20315%5Cleft%20%5B%20%5Cfrac%7B%5Cleft%20%28%201%2B%200.0041%20%5Cright%20%29%5E%7B72%7D-1%7D%7B0.0041%7D%20%5Cright%20%5D%20%5C%5C%3D%20%24%2026320.516)
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Answer:
The predetermined overhead rate for the recently completed year would be $25.66
Explanation:
The predetermined overhead rate is computed as;
= Total estimated manufacturing overhead / estimated direct labor
Where;
Total estimated manufacturing overhead = Estimated total fixed manufacturing overhead + estimated variable manufacturing overhead rate × estimated labor hours
= $1,196,840 + $2.82 × 52,400
= $1,196,840 + $147,768
= $1,344,608
Therefore,
Predetermined rate = $1,344,608 / 52,400 hours
Predetermined rate = $25.66
Answer:
$460,000
Explanation:
Given that,
Sales:
Jan. = $500,000
April = $490,000
Feb. = $740,000
May = $740,000
Mar. = $380,000
June = $610,000
Total cash receipts for April 2012:
= Cash receipts from February Sales + Cash receipts from March Sales + Cash receipts from April Sales
= (740,000 × 10%) + (380,000 × 50%) + (490,000 × 40%)
= $74,000 + $190,000 + $196,000
= $460,000
Answer:
B. are not yet industrialized
ACTUALLY DEVELOPING COUNTRIES were poor becausr of lack in industrialization. Industry helps a lot in economy.
BRAINLIEST PLEASE
