Answer and Explanation:
The calculation is given below:
Fabricating department
The budgeted cost is
= $9,280 ÷ 640 hours × 600 hours + $2,300
= $8,700 + $2,300
= $11,000
Grinding department
= $159,600 ÷ 7,600 hours × 9,500 hours + $56,000
= $199,500 + $56,000
= $255,500
In this way the budgeted cost should be determined
Oh okay thank you then :)
Answer:
$4,000 under accural method and $12,000 under cash method.
Explanation:
Monthly rent = $1,000
A) In accural method, Mike can only deduct up to 4 months rent. Revenue is to be recognised on accural basis, not on receipt. ==> 4 x $1,000 ==> $4,000
B) In cash method, Mike can deduct 12 months rent when he applies 12 month concept. ==> 12 x $1,000 ==> $12,000
Answer:
the personal, social, and economic significance of the purchase to the consumer
Explanation:
The involvement in consumer behavior refers to the personal reasons and approaches of a client when is in the market. Ir refers to the client's personal opinion and feelings that affect the opinion about different products. In this way the client will buy the product that makes him feels more involved with.
Answer:
Explanation:
Next year's dividend (D1) = 1.48
Perpetual growth rate (g) =2.5% or 0.025 as a decimal
Rate of return or discount rate = 12% or 0.12 as a decimal
Since the dividends will be growing at a constant rate with no definite time period, it means that it will grow at that rate forever.
Use present value of growing perpetuity formula to calculate the price of this stock;
Price = D1 /(r-g)
Price = 1.48 / (0.12 - 0.025)
= 1.48/ 0.095
= 15.5789
Therefore the maximum amount you should pay is $15.58