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4 years ago

Making a credit card minimum payment:

1 answer:

4 0

Making a credit card minimum payment means you are paying a small portion of your total credit card debt. The minimum payment on your credit card is ordinarily set at the more noteworthy of a rate of your adjust, or a money sum, for example, 3%. Added to this will be any enthusiasm due for the month, any charges caused due to a default in installment, and perhaps some portion of the yearly expense if there is one.

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Consider two stocks X and Y with the following expected returns (in percent) and standard deviations. How much of your $10,000 t

charle [14.2K]

X $4000

Y $6000

Explanation:

Let w be invested in Stock X,

Correlation = -1

Standard Deviation = w(0.75) - (10,000 - w)(0.50)

So,

For standard Deviation to be 0,

0 = 0.75w - 5,000 + 0.50w

w = $4,000

Amount invested in Stock X = $4,000

Amount invested in Stock Y = $6,000

8 0

3 years ago

1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted d

melamori03 [73]

Answer:

a. $17.44 per hour

b. $43,600 ; $104,640

Explanation:

The computation is shown below:

a. Single plantwide overhead rate equals to

= Total Overhead Amount ÷ Budgeted Direct Labor Hours

where,

Total overhead amount is

= $625,000 + $900,000 + $105,000 + $175,000 + $300,000 + $75,000

= $2,180,000

And, the budgeted direct labor hours is 125,000

So, the overhead rate is

= $2,180,000 ÷ 125,000

= $17.44 per hour

2. Now the overhead cost is

For Deluxe model

= 2,500 direct labor hours × $17.44 per hour

= $43,600

For basic model

= 6,000 direct labor hours × $17.44 per hour

= $104,640

7 0

3 years ago

Which of the following statements about codes of conduct is false? a. They are formal statements of what an organization expects

Rufina [12.5K]

Answer:

E) They address every ethical issue that an employee may face.

Explanation:

Codes of conduct are all the rules that establish what is acceptable behavior and what is not acceptable behavior. Each organization should develop its own codes of conduct and provide them in writing to each of their employees.

But no matter how long and detailed a code of conduct is, it cannot include every possible ethical issue or action that can take place in an organization because the options are simply too many.

3 0

4 years ago

Parido Corporation has two manufacturing departments--Casting and Assembly. The company used the following data at the beginning

Ivan

Answer:

Allocated MOH= $26,372

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Total fixed overhead= 48,200

Total variable overhead= (1.9*8,000) + (3*2,000)= $21,200

Predetermined manufacturing overhead rate= (48,200 + 21,200) / 10,000

Predetermined manufacturing overhead rate= $6.94 per machine hour

Now, we can allocate overhead to Job H:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 6.94*(2,600 + 1,200)

Allocated MOH= $26,372

8 0

3 years ago

On February 12, Goal Publishing, Inc., purchased the copyright to a book for $15,000 and agreed to pay royalties equal to 10% of

Ugo [173]

Answer:

option 2 $75,000

Explanation:

Data provided in the question:

Amount for which the copyright to a book purchased = $15,000

Agreed royalty = 10% of the book sales

Minimum royalty to be paid= $60,000

Total book sales = $750,000

Now,

The Amount of royalty according to the agreement

= 10% of Total book sales

= 10% of $750,000

= $75,000

Since,

The amount the greater than the minimum royalty

Hence,

the agreement amount will be paid

i.e

option 2 $75,000

3 0

3 years ago