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max2010maxim [7]
3 years ago
11

What is a description of the prime rate?

Business
1 answer:
steposvetlana [31]3 years ago
4 0

Answer: Prime rate is the interest rate that banks charge their preferred customers, or those with the highest credit ratings.

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How much do I need to retire? Here are your assumptions. You are 30. You will retire when you are 65. You want $40,000 a year wh
Fynjy0 [20]

Answer:

The amount to be saved at the age of 65 is $1940755.74

Explanation:

To calculate the amount needed at 65 including inflation = 40000 * 1.0336 = 115931.13

Present Value of Growing Annuity = PMT / (r-g) [ 1 - {(1+g)/(1+r)}n ]

= 115931.13 / (0.045 - 0.03) [ 1 - (1.03/1.045)20 ]

= 7728742.2 * 0.2511089

= 1940755.74

3 0
4 years ago
The controller of Hendershot Corporation estimates the amount of materials handling overhead cost that should be allocated to th
RSB [31]

Answer:

$1,933.32

Explanation:

Total materials handling cost for the year = $16,652.90

Total direct labor hours:

= [(Total expected units produced for wall mirrors × Expected direct labor hours per unit for wall mirrors) + (Total expected units produced for Specialty Windows × Expected direct labor hours per unit for Specialty Windows)]

=  [(13,400 × 6) + (1,320 × 8)]

= 80,400 + 10,560

= 90,960

Cost per Direct labor hour:

= Total Expected material handling cost ÷ Total direct labor hours

= $16,652.90 ÷ 90,960

= $0.18308

Material handling Cost allocated to specialty windows:

= Cost per Direct labor hour × Direct labor Hours

= $0.18308 × (1,320 × 8)

= $0.18308 × 10,560

= $1,933.32

Therefore, the total materials handling cost allocated to the specialty windows is closest to $1,933.32 .

6 0
3 years ago
What is one benefit of a savings account?
lisov135 [29]

Explanation:

the benefits of a savings account is to be secure from thief

6 0
2 years ago
Sanctions that specifically target leaders of a country and not citizens are known as:
lawyer [7]
Answer:  "smart sanctions" .
______________________________________________________
7 0
3 years ago
Read 2 more answers
Consumer often rely on rules of thumb to make speedy decisions when weighing the merits of competing brads
brilliants [131]

Answer:

im sorry i need point for a quiz so sorry

7 0
4 years ago
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