Answer:
Option (c) $7,672
Explanation:
Data provided in the question:
Investment amount i.e principle = $9,875
Interest rate,r = 4.8%
Time, t = 12 years
Now,
Future value = Principle ×
n = number of times compounded per year
Future value =
Future value =
Future value =
Future value = $17,546.55
Also,
Future value = Principle + Interest
Therefore,
$17,546.55 = $9,875 + Interest
or
Interest = $17,546.55 - $9,875
= 7671.55 ≈ $7,672
Hence,
Option (c) $7,672
Answer:
Dr Commissions earned 84,900
Cr Income summary 84,900
Dr Income summary 55,900
Cr Wages Expense 36,000
Cr Insurance Expense 1,900
Cr Utilities Expense 8,200
Cr Depreciation Expense 9,800
Dr Income summary 29,000
Cr Retained earnings 29,000
The balance of the retained earnings account is $101,100 after all temporary accounts have been closed.
Answer:
B-Enables workers to learn a variety of skolls
Explanation:
Answer:
<em>16,800 dollars.</em>
Explanation:
<em>Overhead rate predetermined at availability.
</em>
= Approximate overhead processing times / Capacity machine hours.
= $33,600 / 24,000.
= $1.4 per hour on machine.
<em>Cost of Resources not used.
</em>
= (Machine hours at capacity - Actual machine hours) x Overhead speed estimated at load.
= ( 24,000 - 12,000) x $1.4.
= 16,800 dollars.
Let R stand for Revenue, and L stand for Labor cost... so L = 0.18 x R
To solve for R, divide both sides by .18...
R = L / .18
R = 20,000 / .18
R = $111,111
So Revenue has to be at least $111,111 to achieve the goal.
