Answer:
$4,546.35
Explanation:
We use the PMT formula that is to be presented in the attachment. kindly find out below:
Provided that,
Present value = $36,875
Future value or Face value = $0
Rate = 4%
NPER = 10 years
The formula is shown below:
= -PMT(Rate;NPER;PV;FV;type)
So, after solving this, the annual payment required is $4,546.35
I don't think it is copyrighted, the two cars look nothing alike. Slushiest is basically it's own thing
Answer:
Dave Brown's FICA-OASDI tax for the week is $415.40; and his FICA-Medicare tax for the week is $97.15.
Explanation:
The following are given in the question:
Cumulative earnings = $90,000
Gross pay for the week = $6,700
FICA-OASDI tax rate = 6.2%
FICA-Medicare tax rate = 1.45%
Therefore, we have:
FICA-OASDI tax for the week = Gross pay for the week * FICA-OASDI tax rate = $6,700 * 6.2% = $415.40
FICA-Medicare tax for the week = Gross pay for the week * FICA-Medicare tax rate = $6,700 * 1.45% = $97.15
Therefore, Dave Brown's FICA-OASDI tax for the week is $415.40; and his FICA-Medicare tax for the week is $97.15.
Note:
The full meaning of FICA is Federal Insurance Contributions Act, and the full meaning of OASDI is Old Age Survivor and Disability Insurance.
Answer:
D. exports more than it imports
Explanation:
A favorable balance of payment is a term used in international trade to describe a situation where a country's exports exceed imports. A country will experience a positive balance of payment if its a net exporter. A favorable balance of payments is when there is a surplus in a country's balance of trade.
Exports are goods and services manufactured within the borders of a country and sold to foreigners. Imports are products bought from other countries. In calculating the balance of payment, net income from international assets is also considered.
Answer:
The answer is $364 (c.)
Explanation:
Non-value-added costs are extra costs incurred in the creation of a product that does not add to the value of the product and the consumers are not willing to pay for. In this example, the effective time for completing an order when functioning at maximum efficiency is 4 hours and the workers are paid $14 per hour, so the total money paid at this 4 hour period is called the value-added cost. Moreover, due to inefficiency, the time for completing an order increased to 5 hours.
Now, let us calculate the total amount spent on completing an order when one order takes 5 hours. This is done thus:
amount paid per hour × hours worked for one order × number of orders
14 × 5 × 26 = $1820. Therefore, $1820 is the total cost incurred to complete 26 orders when they were not functioning at maximum efficiency.
Next, let us calculate the total cost incurred when they functioned efficiently, and it is calculated thus:
amount paid per hour × hours worked for one order × number of orders
= 14 × 4 × 26 = $1456. This is the value-added cost.
Finally, to calculate the non-value-added cost, we will subtract the value added cost from the total cost when extra cost due to inefficiency was added.
∴ non-value-added cost = 1820 - 1456 = $364