Answer:
$1,363,636.36
Explanation:
A public traded construction company just paid off a loan that was received one year earlier
The amount of money paid by the company was $1,500,000
The interest rate was 10% per year
= 10/100
= 0.10
Therefore the amount of money that was borrowed last year can be calculated as follows
Let x represent the amount of money borrowed
x + x(0.10)= 1,500,000
x + 0.10x= 1,500,000
1.1x= 1,500,000
x= 1,500,000/1.1
x= $1,363,636.36
Hence the company borrowed $1,363,636.36 a year ago
Answer:
The direct labor rate variance for November is $34,200
Explanation:
To find out the direct labor rate variance, we have to multiply the actual standard rate of direct labor into actual hours of direct labor used
Standard hourly rate of direct labor hour = $14.40
Actual direct labor hours = 5,000
Standard direct labor cost
= 5,000 × $14.40
= $72,000
Total factory wages are $42,000 in which direct labor is 90%
= $42,000 × 90%
= $37,800
Actual direct labor cost = $37,800
Therefore,
Direct labor rate variance = Standard direct labor cost - Actual direct labor cost
Direct labor rate variance
= $72,000 - $37,800
= $34,200
When the individual calculates the effective rate of the loan, the most appropriate statement is the effective rate will exceed the nominal rate.
<h3>What is effective annual rate?</h3>
The effective annual rate (EAR) is the interest rate for the entire year. Interest Charges Interest expense is incurred when a corporation funds itself with debt or capital leases.
Interest appears on the income statement, but it can also be earned on an investment or paid on a loan as a result of compounding interest over time.
It is usually higher than the marginal rate and is used to evaluate different financial products with varying compounding periods - weekly, monthly, yearly, and so on.
When the number of compounding periods is increased, the effective yearly interest rate rises over time.
Therefore, the correct option is A.
Learn more about the effective rates of the loans here:
brainly.com/question/2405320
Answer: 920
Explanation:
Since the transaction took place in November, we should note that revenue should be recognized for 2 months by Taylor.
The amount that Taylor should recognize as revenue in 2018 will be:
= 5520/12 × 2
= 460 × 2
= 920
Answer:
The correct answer is b) succesful companies benefit consumers
Explanation:
The intrinsic stock value of a company can be thought of as its real value instead of its nominal value (or monetary value). In the intrinsic value of a stock is high, it is because the company is a healthy financial situation, and probably has good economic prospects. Companies that are run well benefit customers because they can offer goods and services at lower prices, and at higher quality.
