Answer:
$7,372.99
Explanation:
Discounting is the method used to determine the present worth of a future amount which compounding is used to determine the future worth of a present amount. The relationship between both is such that;
Fv = Pv(1 + r)^n
where
Fv = future amount
Pv = present amount
r = interest rate and
n = time
The future amount = $11,700
time = 6 years
rate = 8%
$11,700 = Pv(1 + 0.08)^6
Pv = $11,700(1 + 0.08)^-6
Pv = $7,372.99
You need to deposit $7,372.99 today to reach your $11,700 goal in 6 years.
Answer:
Name of the firm as determined by all the partners.
Name and details of all the partners of the firm.
The date on which business commenced.
Explanation:
Answer: None of the other answers are correct, because all of these variance combinations are possible.
Explanation:
All of the above combinations are possible.
A company can have an Unfavorable labor rate variance and a favorable labor efficiency variance meaning that the actual labor rate was more than the budget rate but the budgeted labor Efficiency rate was more than the actual rate.
A company can also have an Unfavorable labor efficiency variance and a favorable material quantity variance meaning that even though labor Efficiency was not satisfactory, less materials were still used than were budgeted for.
There is also a possibility of a Favorable labor rate variance and unfavorable total labor variance and a Favorable labor efficiency variance and favorable material quantity variance can also happen together when actual direct labour and material quantity variance are both less than the budgeted amount.
Answer:
direct materials = $33.00
conversion cost = $90.00
Explanation:
<em>Cost per equivalent unit = Cost during the period ÷ Equivalent units of Production</em>
<u>The direct materials and conversion cost per equivalent unit.</u>
Direct materials = $1,098,900 ÷ 33,300 liters = $33.00
Conversion cost = $603,000 ÷ 6,700 liters = $90.00
Answer:
D. its complements.
Explanation:
A complement is a good or service used in conjuncture with another good. Therefore, if there is a decrease in the demand for a particular good, its complements will also see a decrease in demand. By the general supply and demand rule, an increase in the price of a good causes a decline in its demand and, therefore, causes a decline in demand for its complements.
