Answer:
Activity rate for testing $66.22 per test
Explanation:
we will divide the cost pool over the expected activity base
In this case we divide the $124,500 over the 1,880 tests
124,500 / 1,880 = 66,2234 = 66.22
The answer is true, Accounts payable is a single general ledger account that summarizes the total amount owed to all vendors. Accounts payable are amounts which are owed by you to your suppliers for the purchase of trade goods or services, they are sometimes referred to as trade payables or trade creditors. Under normal circumstances, they are normally unsecured, and non-interest bearing.
Answer:
$13,013
Explanation:
Mary's monthly payment = principal / PV annuity factor
principal = $33,000
PV annuity factor, 1.5%, 36 periods = 27.6607
monthly payment = $33,000 / 27.6607 = $1,193.0284 ≈ $1,193.03
I prepared an amortization schedule using excel to determine the loan balance after the 24th payment = $13,013
Answer:
(i) 2.71 years
(ii) 5.38 years
(iii) Never or 0
Explanation:
1. Payback period:
= Initial cost ÷ cash inflows
= 1625 ÷ 600
= 2.71 years(Approx).
2. Payback period:
= Initial cost ÷ cash inflows
= 3225 ÷ 600
= 5.38 years(Approx).
3. The payback period for an initial cost of $5,100 is a little trickier.
Notice that the total cash inflows after eight years will be:
= 8 × $600
= $4,800
Payback period
= Initial cost ÷ cash inflows
= 5100 ÷ 600
= 8.5
This answer does not make sense since the cash flows stop after eight years, so again, we must conclude the payback period is never.
