Answer:
His loan payment each quarter is nearest to $4,705.10.
Explanation:
Using a Financial Calculator enter the following data and find PMT, the loan payment each quarter
Pv = $70,000
n = 4 × 5 = 20
r = 12%
P/yr = 4
Fv = $0
Pmt = ? - $4,705.10
Thus PMT, the loan payment each quarter will be $4,705.10.
Answer:
$140,309.20
Explanation:
The computation of the manufacturing overhead is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
= $302,000 ÷ 5,000 hours
= $60.4
Now we have to find the actual overhead which equals to
= Actual direct labor-hours × predetermined overhead rate
= 2,323 hours × $60.4
= $140,309.20
This is the answer but the same is not provided in the given options
<span>The use of braces explains the meaning of the words preceding the brace. Here Jillian actually mapping her co-worker's decision-making process so the braces probably contain decisions made on some circumstances. The circumstances may be given outside the brace.</span>
Answer:
2.46
Explanation:
Given:
Student tuition at ABC University per semester credit hour = $250
Average class size = 30
Labor costs per class = $3,000
materials costs per student per class = $10
overhead costs per class = $15,000
a) Now,
The multifactor productivity ratio = 
also,
Input = Labor costs + Total materials costs + Total overhead costs
or
Input = $3,000 + ( $10 × 30 ) + $15,000 = $18,300
And,
Output
= Average class size × credit hour × ( Student tuition + state supplements )
= 30 × 3 × ( $250 + $250)
= $45,000
Therefore,
The multifactor productivity ratio = 
= 2.46
Answer:
In a perpetual inventory system:
<em>1)Merchandising transactions are recorded as they occur</em>
<em>3) Entries are made in the Cost of Goods Sold account whenever merchandise is purchased or sold</em>
<em>4)The need to take physical inventory is eliminated</em>
Explanation:
In a perpetual inventory system: Merchandising transactions are recorded as they occur.
In periodic system :No effort is made to record the Cost of Goods Sold until year-end. Entries are done at the year end.
In a perpetual inventory system:Entries are made in the Cost of Goods Sold account whenever merchandise is purchased or sold. Costs are assigned to the cost of goods sold each time a sale occurs in a perpetual inventory system.
In a perpetual inventory system:The need to take physical inventory is eliminated.But still it is done to assure the ending inventory.
In periodic system : the physical count cannot be eliminated.
