Answer:
1. 5.00%
2. 15.70 year
Explanation:
As per the data given in the question,
1) For computing the interest rate we need to applied the RATE formula which is shown in the attached spreadsheet
Given that
Future value = 0
Present value = -$2587.09
PMT = $950
NPER = 3 years
The formula is shown below:
= RATE(NPER;PMT;-PV;FV)
The present value comes in negative
After applying the above formula, the interest rate is 5%
2) For computing the number of years we need to use NPER i.e to be shown in the attachment below
Given that
Future Value = $920,925
Present Value = 0
PMT = -$40,000
Interest rate = 5%
The formula is shown below
= NPER(RATE;-PMT;PV;FV)
The PMT comes in negative
After applying the above formula, the nper is 15.70 years
First we find out how many weeks are in 1 year:
1 year = 52.1429 weeks
Then we find out how many hours he worked in a year by multiplying the number of hours he worked by the number of weeks there are in a year:
40 hrs/week x 52.1429 hrs/year = 2,085.716 hrs
Finally we divide:
27,040 dollars/year by 2,085.716 hrs
Afterwards we get 12.964372906, or to make it simpler we would round and get 12.96 dollars/hour
So your answer is $12.96 per hour.
Answer:
$360,000
Explanation:
Inventory item = 10,000 units
Cost per unit = $40
Selling price per unit = $60
Inventory should be recorded cost or net realization value which ever is less.
Net realization value = Selling price per unit - cost to sell
= $60 - $24
= $36 per unit
Therefore, the amount should the 10,000 units of inventory be reported at on the December 31, 2019 balance sheet is:
= 10,000 units × $36 per unit
= $360,000
<span>Helen should includes: name, title, address, email address, telephone, relationship to candidate.
Helen should includes several ways to contact her references in order to make sure that employer could contact her references in case that he/she is not contactable through one medium.</span>
The answer Is B! Hope this helps
