With the given choices above, an accurate choice that
describes what descriptive statistics is that it refers to mainly patterns that
can be found in the data quickly because a descriptive statistics focuses more
on having to provide feature of the data that an individual is studying in
which it provides quick and simple summaries regarding about the data.
Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services.
Answer:
$1, 090.00
Explanation:
The present value is calculated using the compound interest formula
FV = PV × (1+r)n
Where PV = 600
r is 12 % , or 0.01 % per month
N is 60 (15 years x 4 compounds per year)
FV = 600 x( 1 + 0.01 )60
FV =600 x 1.8166966
fv= $1, 090.00
The balance will be $1,090.00
Answer:
May cash disbursement is $102,870
Explanation:
May cash disbursement for manufacturing overhead is the planned cash expenditure based on the budgeted manufacturing overhead for the month.
Cash would be paid to labor at $1.40 for every direct labor incurred for a total number of 8,100 direct labor hours i.e $11,340 cash in all($1.40*8100)
Also,company budgeted fixed manufacturing overhead would also require $91,530 in cash,which is the budgeted manufacturing fixed overhead of $100,440 minus the depreciation charge included in it ($100,440-$91530)
In total cash disbursement is $102,870($11,340+$91,530)