Answer:
An area with younger people will have a higher demand for rentals and a lower demand for buying.- D.
Answer:
Monthly payment = $769.27
Explanation:
First we have to determine the future value of the ordinary annuity:
Payment = $235.15
N = 20 * 12 = 240
Rate = 3.2% / 12 = 0.267%
Using a financial calculator and the FV function, the FV = $78,910.41
Again, using the financial calculator or Excel, you can determine the monthly payment:
N = 10 / 12 = 120
Rate = 0.267%
PV = $78,910.41
FV = $0
Monthly payment = $769.27
Answer:
Unitary variable cost= $8.08
Contribution margin= $15.92
Explanation:
Giving the following information:
Direct materials $4.98
Direct labor 2.10
Variable factory overhead 1.00
The variable cost per unit is the sum of direct material, direct labor, and variable overhead.
Unitary variable cost= 4.98 + 2.1 + 1= $8.08
The contribution margin per unit is the difference between the selling price and the unitary variable cost:
Contribution margin= 24 - 8.08= $15.92
Answer:
Issue of 7,000 shares of no-par common stock for $15 per share
Financing Activity (FA).
Issue of 2,800 shares of $70 par, 6 percent noncumulative preferred stock at $80 per share
Financing Activity (FA)
Explanation:
Issue of 7,000 shares of no-par common stock for $15 per share
This represents capital funding and is included in the Cash Flow Statement as Cash Flow from Financing Activity.
Issue of 2,800 shares of $70 par, 6 percent noncumulative preferred stock at $80 per share
This transaction also represents capital funding and is included in the Cash Flow Statement as Cash Flow from Financing Activity.
Answer: employees want the extra money more than they want to work at a pace that feels comfortable
Explanation:
A standard hour plan is based on the units that employees produce and once that unit is met, a set hourly wage is paid to the employees and an incentive can be given once the standard number of hours is exceeded.
It should be noted that a standard hour incentive plan is likely to be successful if employees want the extra money more than they want to work at a pace that feels comfortable. This will motivate them to work for extra hours since they want the extra money.
