If the survey found that in every 320 people, 180 of them voted in favor of gas tax .Then to get the total number of people who voted in favor of gas tax were 36,000. We can get the number of 180 people groups among those who voted in favor. = 36,000/180 = 200 groups
A group of 180 people who voted in favor is equivalent to a group of 360 people who voted.
Therefore, 200 × 360 people =72,000 people took part in the voting exercise.
Answer:
Variable overheads efficiency variance = $13,040 favorable
Explanation:
<em>Variable overheads efficiency variance is the difference between the standard hours of actual output and actual hours valued at the standard variable overhead rate per hour </em>
Hours
5,900munits should have taken (5,900× 0.9) 5,310
but did take <u> 2050 </u>
efficiency variance in hours 3,260 favorable
Standard rate per hour <u> $4.00 </u>
Variable overheads efficiency variance <u> 13,040 favorable </u>
Variable overheads efficiency variance = $13,040 favorable
Answer:
The amount Laramie should record the purchase of land is <u>$6.2 million</u>.
Explanation:
The costs of a fixed asset refer to the purchase price and other relevant costs which are incurred in order to the location and working condition required to operate the fixed asset in way that it is intended.
The other relevant costs that are added to the purchase price to arrive at the cost of the fixed assets include professional fees, non-refundable taxes or levies, and among others.
If any trade discount or rebate is given, this will be deducted from the purchase price to arrive at the cost.
Any interest required to be paid on the delayed payment in order to reflects the time value of money are not part of the cost of the asset but expensed in the year they are incurred.
From the question, the land acquired is a fixed asset. Based on the explanation above, the total cost of the asset is $6.2 million. The interest from the 6% interest rate on the remaining $5 million will be part of the cost of the land but it will be expensed in the year they are incurred.
Therefore, the amount Laramie should record the purchase of land is <u>$6.2 million</u>.
Answer:
Pharaoh will have to pay $1,084.47 for every outstanding bond that it retires.
Explanation:
if the market rate is 9.5%, then the price of outstanding bonds is:
PV of face value = $1,000 / (1 + 4.75%)¹⁴ = $522.21
PV of coupon payments = $55 x 10.22283 (PV annuity factor, 4.5%, 14 periods) = $562.26
market price = $1,084.47
