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3 years ago

What is a description of the prime rate?

1 answer:

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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Mendenhall Corporation constructed a building at a cost of $10,000,000. Weighted-average accumulated expenditures were $4,000,00

anygoal [31]

Answer:

depreciation expense is $235000

Explanation:

Given data

cost = $10,000,000

expenditures = $4,000,000

actual interest = $400,000

avoidable interest = $200,000

salvage value = $800,000

time = 40 year

to find out

depreciation expense

solution

we know that for 40 year

so depreciation expense in the 1st year is express as that given below

depreciation = cost + interest - salvage value / time

put here all value we get depreciation

depreciation = 10000000 + 200000 - 800000 / 40

depreciation = 9400000 / 40

depreciation = 235000

so depreciation expense is $235000

3 0

3 years ago

A process that involves examining all elements of a component, assembly, endproduct, or service to make sure it fulfills its int

mrs_skeptik [129]

Answer:

Value Analysis

Explanation:

A process that involves examining all elements of a component, assembly, endproduct, or service to make sure it fulfills its intended function at the lowest total cost is value analysis.

Value analysis or Value re-engineering can be defined as the systematic and critical assessment by an organization of every feature of a product to ensure that its cost is no greater than is necessary to carry out its functions.

Furthermore, value analysis is intended to improve the "value" of goods or products and services by evaluating function in relation to cost.

8 0

3 years ago

Compare and contrast the three categories of project resource.

Basile [38]

Answer:

Brainiiest Please!

Work resources − People and equipment to complete the tasks.

Cost resources − Financial cost associated with a task. Travel expenses, food expenses, etc.

Material resources − Consumables used as project proceeds. For example, paint being used while painting a wall.

Explanation:

People and equipment to complete the tasks.

Financial cost associated with a task. Travel expenses, food expenses, etc.

Consumables used as project proceeds. For example, paint being used while painting a wall.

7 0

3 years ago

Under the Electronic Fund Transfer Act, which two banking practices are part of the consumer’s responsibility?

ella [17]

The correct choices are;

<u>"A. knowing rights and responsibilities relating to money transfers </u>

<u>C. notifying the bank of lost credit or debit cards".</u>

The Electronic Funds Transfer Act is a government law that secures shoppers occupied with the exchange of assets through electronic techniques. This incorporates the utilization of charge cards, computerized teller machines and programmed withdrawals from a financial balance. The demonstration likewise gives a methods for rectifying exchange blunders and restricts the risk from any misfortunes because of a lost or stolen card.

7 0

4 years ago

Read 2 more answers

The standard cost of Product B manufactured by Pharrell Company includes 2.0 units of direct materials at $6.9 per unit. During

LekaFEV [45]

Solution:

Given information,

SP=$6.9

SQ=27400 (13,[email protected])

AP=$6.85

AQ=27,500

Now,

Price variance is AQ(SP-AP), or 27,500($.2)=$5500 (This is favorable, since the materials were obtained at below average cost.)

Quantity variance is SP(SQ-AQ), or $6.9(-1000)= -$6900 (This is unfavorable, since more than the standard quantity was used.)

Total materials variance can be obtained two ways:

SQ*SP-AQ*AP, or totalling the two variances already calculated.

SQ*SP-AQ*AP = 189060 - 188375

SQ*SP-AQ*AP = 685

2. Given information,

SP=$6.9

SQ=27400 (13,[email protected])

AP=$6.85

AQ=27,500

Now, price variance: AQ(SP-AP)= 27,500(6.9-6.85) =1375

Quantity variance: SP(SQ-AQ)=6.9(27,400-27,500)= -690

Thus total variance: -690

(Note that negative numbers are unfavourable, positive numbers are favourable.)

3 0

4 years ago