Haylie should reinvest her money elsewhere. Due to having her money locked up for 5 years and at an all time low with her current investments, it would not be beneficial to renew with them. Haylie’s best bet is to explore other options before her renewal rate starts so that she has a plan in place on where to reinvest her money. Haylie should focus on finding a bank that will provide better term agreements at a higher interest rate.
Answer:
b. $4195000
Explanation:
Calculation to determine what The fair value of plan assets at December 31, 2021 is:
Fair value of plan assets $3,550,000
Add Actual return on plan assets $340,000
Add Contributions $555,000
Less Benefits paid ($250,000)
Fair value of plan assets at December 31, 2021 $4,195,000
($3,550,000+$340,000+$555,000-$250,000)
Therefore The fair value of plan assets at December 31, 2021 is:$4195000
B. Subtraction from the balance per the books.
A bank service charge is a deduction that appears on the bank statement so it is already subtracted per the bank. In order to perform a bank reconciliation, the company or accountant must balance the bank and book by also subtracting, or deducting, the bank service charge on the company's books. This makes the two statements, for both the bank and book, equal and reconciled moving forward.
The volume of production that illustrates that site C is a recommended site is 10000 automobiles.
<h3>How to calculate the production?</h3>
The total cost of A will be:
= 2500x + 10000000
The total cost for B will be:
= 2000x + 20000000
The total cost for C will be:
= 1000x + 250000
The volume, V, of production, if site C is a recommended site. The value will be:
2500x + 10000000 = 1000x + 25000000
2500x - 1000x = 25000000 - 10000000
1500x = 15000000
x = 15000000/1500
x = 10000 automobiles
The volume indicates site A is optimal is also 10000 automobiles.
In conclusion, sure B would not be attractive at any volume of production as the costs will be higher than the cost of site A.
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Answer:
The answer is: The predetermined overhead rate is $10 per machine hour.
Explanation:
We must first determine the total overhead cost:
total overhead = fixed overhead cost + (variable overhead x machine hours)
total overhead = $300,000 + ($4 x 50,000) = $500,000
To get the predetermined overhead cost we divide the total overhead cost over the estimated machine hours.
Predetermined overhead cost = $500,000 / 50,000 = $10 per machine hour