Answer:
B. $40,955.35
Explanation:
The computation of the amount that need to pay is shown below:
The Amount needed at 18 age is
= Present value of all future expenses
= $8000 × (1.02)^18 + $8,000 × (1.02)^19 ÷ 1.1 +$ 8000 × (1.02)^20 ÷ (1.1)^2 + $8,000 × (1.02)^21 ÷ (1.1)^3
= $11,425.6 + 10,594.98 + 9,824.44 + 9,109.39
= $40,954.95
It is nearest to option B
Answer:
C) supported the creation of a national bank.
Explanation:
As the first treasury secretary, Alexander Hamilton supported the creation of a national bank because he believed it would strengthen the national economy, since the country had been recently formed.
He finally succeeded in creating the Bank of the United States in 1791, which was the first national bank of the US. The Bank of the US started operating in 1797 in Philadelphia.
To get this answer you can simply move the decimal over one.
Or you can multiple 5.30 *0.10 = 0.53
So you can then subtract 0.53 from 5.30 to get the answer of:
$4.77
Answer: $412,292
Explanation:
First compute Overhead Absorption Rate = Budgeted Overhead divided by Budgeted Activity Level
In this question the activity level is Direct Labour Hours (DLH) which is the basis for allocating overhead.
budgeted factory overhead for the year at $453,120, and budgeted direct labor hours for the year are 384,000.
$453,120 divided by 384,000 DLH =$1.18
Overheard to be allocated for May is OAR * Actual Activity level
$1.18*349400= $412,292
This is the amount to be allocated to may
