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scoray [572]
3 years ago
9

TriStar Company, a small biotechnology firm, has borrowed $250,000 to purchase laboratory equipment for gene splicing. The loan

carries an interest rate of 8% per year and is to be repaid in equal installments over the next 6 years. What is the amount of the annual installment
Business
1 answer:
Komok [63]3 years ago
8 0

Answer:

$54,078.85

Explanation:

This is a Time Value of Money question, We are required to find the Payment (Pmt) from the following given parameters :

Pv = $250,000

i = 8%

n = 6

P/yr = 1

Fv = $ 0

Pmt = ?

Pmt = <em>$54,078.85</em>

Therefore Payment per year is <em>$54,078.85</em> (using a financial calculator)

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The Skagit Company manufactures Hooks and Nooks. The following shows the activities per product and total activity information:
gladu [14]

Answer:

Total factory overhead to be charged to each unit of Hooks is $33

Explanation:

Sum of all Activity Cost = Total Factory Overhead

Calculate the total factory overhead to be charged to each unit of Hooks

Activity rate = Budgeted amount / Total of each activity base

∴ Activity Rate

      For Setups = 60,000 / 20,000 = 3 per setup

      For Inspections = 120,000 / 24,000 = 5 per inspections

      For Assembly = 420,000 / 28,000 = 15 per dlh

Activity Cost = Activity base for each unit * Activity rate

∴ Activity Cost

      For Setups = 1 x 3 = $3

      For Inspections = 3 x 5 = $15

      For Assembly = 1 x 15 = $15

Recall that;

Sum of all Activity Cost is the Total Factory Overhead

= $3 + $15 + $15

= $33

8 0
3 years ago
The employees of Wingim Corp. were unhappy with the new policies that were introduced by the management, so they decided to rebe
miv72 [106K]

Answer:

The correct answer is letter "D": soldiering.

Explanation:

American economist Frederick Winslow Taylor (1856-1915) in his "<em>The Principles of Scientific Management</em>" referred to as soldiering to the act in which employees underperform on purpose. According to Taylor, this behavior is mainly caused because of the employees' belief that reaching maximum efficiency could lead to employers firing less productive workers, and because of little to no incentive wages.

7 0
3 years ago
A risk is something that causes the possibility of a loss.
Stells [14]
This is a true statment
8 0
3 years ago
Read 2 more answers
Suppose that over the past year, the nominal interest rate was 5 percent, the CPI was 150.3 at the end of the year, and the CPI
makvit [3.9K]

Answer:

The correct answer is option c.

Explanation:

The nominal interest rate was 5 percent.

The CPI was 150.3 at the end of the year, and the CPI was 144.2 at the beginning of the year.

The 5% nominal interest rate means that the dollar value of savings increased at 5%.

Inflation rate

= \frac{(150.3 - 144.2)}{144.2}

= 0.0423 or 4.2%

The real interest rate

= Nominal interest rate - rate of inflation

= 5 - 4.2

= 0.8%

The real interest rate of 0.8% indicates that the purchasing power of savings increased at 0.8%.

3 0
2 years ago
Ayala Inc. has conducted the following analysis related to its product lines, using a traditional costing system (volume-based)
GalinKa [24]

Answer:

1) Part 1. Operating Income = Revenue - Operating cost

=201,000 - 56,000

=$145,000

Part 2.  Operating Income = Revenue - Operating cost

= 159,000 - 55,000

= $104,000

Part 3. Operating Income = Revenue - Operating cost

= 89,000 - 15,000

=$74,000

2. Part 1. Operating Income = Revenue - Operating cost

=201,000 - 45,600

=$155,400

Part 2. Operating Income = Revenue - Operating cost

=159,000 - 25,000

=$134,000

Part 3. Operating Income = Revenue - Operating cost

=89,000 - 55,400

=$33,600

7 0
3 years ago
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