Answer:
Standard rate per direct labor-hour = $15.9355
Explanation:
Given:
labor wage = $10.95 per hour
Employment tax rate = 9%
Fringe benefit = $4.00 per-hour
Standard rate per direct labor-hour = ?
Computation of standard rate per direct labor-hour:
Employment tax = labor wage × Employment tax rate
Employment tax = $10.95 per hour × 9%
Employment tax = $10.95 × 0.09
Employment tax = $0.9855
Standard rate per direct labor-hour = labor wage + Employment tax + Fringe benefit
Standard rate per direct labor-hour = $10.95 + $0.9855 + $4.00
Standard rate per direct labor-hour = $15.9355
Should be a balance sheet.
Answer:
The insurance company will pay the mortage of $400,000
Explanation:
Loan value = 96%* $500000
= $480000
75% LTV value = $375000
Portion of loan over 75% LTV= $105000.
This is the amount insured.
5 years later, Sam needs $400000 more to pay. But he defaults.
And he has only paid $100000 of mortgage loan.
So, insurance company will pay the remaining balance of the amount insured to Sam's lender.
Therefore, The insurance company will pay the mortage of $400,000.
<u>Nadine’s </u><u>management </u><u>perspective is best described as </u><u>contemporary.</u>
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