Answer:
n= 6.11 years
Explanation:
Giving the following information:
Present value= $40,000
Future value= $20,000
Decrease rate= 0.12
<u>To calculate the number of years for the car to reach a value of $20,000; we need to use the following formula:</u>
n= ln(FV/PV) / ln(1+i)
n= ln(20,000/40,000) / ln(1.12)
n= 6.11 years
Answer:
overapplied by $19,100
Explanation:
The calculation of manufacturing overhead for the year is shown below:-
Manufacturing overhead cost applied = Actual direct labor hours × Predetermined overhead rate
= 20,200 × $8
= $161,600
Manufacturing overhead for the year = Actual overhead - Applied overhead
= $142,500 - $161,600
= $19,100 overapplied
So, for determining the manufacturing overhead for the year we simply applied the above formula.
Answer:
Ending inventory at cost using the conventional retail method is $46,824
Explanation:
The conventional retail inventory method is the way for retailer to track cost of purchasing and sale prices. In this calculation, it includes markups but exclude markdowns, then results in a lower inventory value.
Sheffield Inc. had beginning inventory of $12,000 at cost and $21,500 at retail, so the ratio of inventory cost and sales prices is 55.81%.
As such, the inventory cost of $184,000 at retail = 55.81% x ($184,000 + $9,600) = $108,048
The ending inventory cost of Sheffield Inc. = beginning inventory of $12,000 + net purchases of $142,872 – inventory cost for sales $108,048 = $46,824
Answer:
<h2>In this case,the answer would be option b) or They are considered as financial forecast.</h2>
Explanation:
- Any prospective financial statements is a highly important and confidential document for any legitimate business organization and should be prevented from being disclosed, especially to any external sources.
- Therefore, it s treated or considered as only a general financial document especially when dealing with any party or individual with whom the concerned company or organization is not directly dealing with.
- Hence, only an official financial reporting containing an overall financial forecast is sufficient for general use of the report with any related or unrelated party or individual.
Answer:
see below
Explanation:
An operating system or simply OS is a program that manages a computer's hardware and software resources. Operating system tasks include controlling and allocating memory, controlling input and output devices, facilitating networking, and prioritizing system requests. Macintosh, Windows, or Linux are the most common operating systems that computers run on.
The operating environment is the environment in which a user runs application software. It consists of a user interface and an application programming interface. An operating environment is a middleware that rests between the Operating system and applications.
