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Mama L [17]
3 years ago
14

The San Pedro Company forecasts that total overhead for the current year will be $10,000,000 and that total machine hours will b

e 200,000 hours. Year to date, the actual overhead is $8,000,000 and the actual machine hours are 100,000 hours. If the company uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate
Business
1 answer:
Temka [501]3 years ago
4 0

Answer:

the  overhead rate is $50 per machine hour

Explanation:

The computation of the overhead rate is shown below:

Predetermined overhead rate

= Estimated total Overhead ÷ Estimated total machine hour

= $10,000,000 ÷ 200,000 hours

= $50 per machine hour

hence, the  overhead rate is $50 per machine hour

The same should be considered and relevant

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5 0
1 year ago
A customer sells short 100 shares of ABC stock at $30 as an initial transaction in a margin account. The customer must deposit:
Ber [7]

Answer:

The best answer is C.

Explanation:

Regulation T initial margin to short stock is 50% of $3,000 = $1,500. However, since this is a new account, it must meet the minimum initial margin of $2,000 needed to open an account. Therefore, $2,000 must be deposited.

4 0
3 years ago
Which of these factors is an advantage to using cash?
ASHA 777 [7]
The answer is D. No Debt
8 0
3 years ago
Read 2 more answers
Wims, Inc., has current assets of $3,900, net fixed assets of $26,500, current liabilities of $3,400, and long-term debt of $7,5
STALIN [3.7K]

Answer:

equity = $19500

Explanation:

Given data:

current assets $3900

net fixed assets $26,500

current liabilities $3400

debt = $7500

Total liabilities = current liabilities + long term debt

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Total assets = current assets + net fixed assets

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We know

total assets  = total liabilities + equity

30400 = 10900+ equity

equity = $19500

8 0
3 years ago
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Alchen [17]

Answer:

B. Personal credit if it is a personal loan

D. If the individual applies to start a business

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Typically Financial institutions extend loans based on "credit worthiness" (or credit score) of the individual and can be extended based on whether the individual has an asset to secure the loan. Lack of an asset can have a negative result (dependent upon the amount requested) if the loan request is for a large amount of money.

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2 years ago
Read 2 more answers
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