Answer:
Simple interest= $273.7
Explanation:
<em>Simple interest is the interest on earned on the principal amount invested only. Kindly note that under this system, only the principal amount invested would earn interest over the course of the investment period</em>
<em> Simple interest is calculated as follows:</em>
Simple interest = Principal × Rate × Time
or
Simple interest = Future sum - Principal amount invested
DATA
Future sum- $973.70
Principal amount invested-700
Simple interest = 973.70 - 700=273.7
Simple interest= $273.7
Answer: $0
Explanation:
Layla qualifies for $8,000 in housing credits.
These are withdrawn at $500 for every $1,000 she earns above the wage limit of $26,500
Layla's annual income = 35,000 + 7,500
= $42,500
Amount earned above limit = 42,500 - 26,500
= $16,000
Amount of housing credit withdrawn is $500 per thousand so for $16,000, $8,000 will be withdrawn from her housing credit.
Housing credit = 8,000 - 8,000
= $0
Based on the information given the predetermined overhead rate is 31.89 per direct labor hour.
<h3>Predetermined overhead rate</h3>
Using this formula
Predetermined Overhead rate = Estimated manufacturing overhead / Estimated total labor hours
Let plug in the formula
Predetermined Overhead rate = [$1,026,260 + (46,000×6.25)] / 41,200
Predetermined Overhead rate =1,313,760/ 41,200
Predetermined Overhead rate = 31.89 per direct labor hour
Inconclusion the predetermined overhead rate is 31.89 per direct labor hour.
Learn more about predetermined overhead rate here:brainly.com/question/26372929
I think it “A law of demand”?