Answer:
The answer is C) a mutual mistake
Explanation:
A mutual mistake occurs when the parties to a contract are both mistaken about the same material. Marquez and Dale, both thought that the truck would be big enough to do the job.
Answer:
Allocated MOH= $2,450,000
Explanation:
Giving the following information:
The predetermined overhead rate is $10.00/DLH
Actual direct labor hours= 245,000 direct labor hours
We were provided with the predetermined overhead rate, we need to allocate overhead to the period based on actual direct labor hours:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 10*245,000
Allocated MOH= $2,450,000
Answer:
$2960 yearly savings
Explanation:
From the values given and from mathematical manipulation, he or she needs a contribution of at least $2900 every year in order to achieve his goal of $50,000.
EXPLANATION
- If the child is 5yr old now, in 13years time, she will be 18yr old.
- for the next 13years, it would have amount to $38350
- remember the bank will give an annual interest rate of 2%
- so for 13years, that's 26% = 0.26
- In the 13th year, he would have saved $38350, add the 26% interest for the duration of 13years = 26% x $38350 + $38350 = $48321
- His savings will fall between $2950 - $2960 yearly.
Answer:
False.
Explanation:
A call provision is a stipulation on the contract of a bond that allows the issuer to repurchase and retire debt security. A bind indenture states circumstances that can trigger a call, for example if underlying asset gets to a preset price.
In the question it stated that the bond holder can demand for a call. This is untrue as only the issuer has the right to request a call.
If the bondholder wants to dispose of his shares he will do so through the secondary market and not by requesting a call.
Answer:
Initial capital $200,000
Period 5 years
interest rate 5%
Interest year 1 $10,000.00
Interest year 2 $10,500.00
Interest year 3 $11,025.00
Interest year 4 $11,576.25
Interest year 5 $12,155.06
Future Value= $255256.31
See the image attached
