Answer:
$ 11, 978,133.75
Explanation:
The grand prize of 15,000,000 is worth the present value of the prize at an 8% interest. The prize is paid every year, meaning its an annuity case.
The present value of an annuity is calculated using the formula
PV = P × <u> 1 − (1+r)−n </u>
r
Where
P $3,000,000
r is 8% 0r 0.08
n is 5
PV = $3,000,000 x <u>1-(1+0.08) - 5</u>
0.08
PV =$3,000,000 x<u> 1 - 0. 6805831</u>
0.08
PV = $ 3,000, 000 x 3.99271
PV = 11, 978,133.75
Answer:
Lane splitting is riding a bicycle or motorcycle between lanes or rows of slow moving or stopped traffic moving in the same direction. It is sometimes called whitelining, or stripe-riding. This allows riders to save time, bypassing traffic congestion, and may also be safer than stopping behind stationary vehicles.
Explanation:
Answer: $249,900
Explanation:
Factory Overhead Applied = Total manufacturing cost - Direct material - Direct labour
Total Manufacturing Cost = Goods finished + Ending Work in Process -Beginning Work in Process
= 346,000 + 193,800 - 22,700
= $517,100
Factory Overhead Applied = 517,100 - 93,400 - 173,800
= $249,900
Answer:
See the attached table for answer.
Explanation:
Answer:
D. $ 45
Explanation:
According to data given in question:
Bernard Company's budgeted manufacturing overhead = $2,700,000
Direct labor hours for the period = 60,000 hours
As Overhead is allocated on the basis of direct labor hours.
Manufacturing overhead rate = $2,700,000 / 60,000 hours
Manufacturing overhead rate = $45 / hour
So the correct Answer is D. $ 45
