Answer:
$720,000
Explanation:
Data provided in the question:
Amount Tripp Corporation is planning to borrow = $800,000
Compensating balance required by the bank = 10%
Now,
Since out of the borrowed amount 10% is Compensating balance required by the bank
Therefore only 90% of the balance is available for the Tripp corporation to pay one of its suppliers
Thus,
Amount Tripp will pay its supplier will be
= 90% of the Amount Tripp Corporation is planning to borrow
= 0.90 × $800,000
= $720,000
Answer:
B) $1,600
Explanation:
The ending cash surrender = total premiums paid - total amount charged to insurance expense = ($2,000 x 4 years) - ($2,000 + $1,800 + $1,500 + $1,100) = $8,000 - $6,400 = $1,600
In this case, a larger portion of the premiums paid are allocated to investments related to the life insurance.
Answer:
Job K818 selling price is $363,30
Explanation:
The first thing we have to do is to calculate the fixed overhead rate. So if the company predetermined fixed manufacturing over cost is $162,000 and we calculate the rate based on direct labor-hours and direct labour hours are 60,000, the fixed overhead rate would be $2.7 per hour ($162,000/60,000 hours)
Job K818 consists of 10 units.
It used $920 in materials and cost $1400 in direct labor.
It took 50 labour hours. So overhead is:
Variable: 50*$2.8=140
Fixed: 50*$2.7=$135
Total cost of Job K818 is $920+$1400+$140+$135= $2595
Unit cost of Job K818= $259,50
Price of Job K818= $259.5*1.4= $363.30
Answer:
D.Medicare
Explanation:
Medicare tax is imposed on employed workers to cater for medicare expenses for people aged 65 years and above. The medicare tax also caters to younger persons and people living with disabilities who qualify under specific criteria.
Medicare is financed by the Federal government through the taxes collected from employers and employees.
Answer:
Tide-All Inc. has more than 50 percent market share in the telecom industry, because no other company has invested in thisindustry before Tide-All Inc.
Explanation:
In marketing, first-mover advantage can be regarded as competitive advantage which is gained by initial significant occupant of particular segment of the market. first-mover advantage can also be regarded as ability of a firm to be better off compare with it's competitors due to the fact that it is the first to market new product category. For instance, Tide-All Inc. has more than 50 percent market share in the telecom industry, because no other company has invested in thisindustry before Tide-All Inc.