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Elenna [48]
3 years ago
13

Trendy Coats is looking at financials to prepare end of year reports. Actual hours used were 4,000. Standard hours allowed were

5,000. Actual wage paid per hour was $13. The total labor flexible budget variance was ($23,000) Favorable. What was Trendy Coat’s standard price? Select one: a. $15.00 b. $12.00 c. $17.00 d. $13.50
Business
1 answer:
prohojiy [21]3 years ago
7 0

Answer

a) $15

Explanation:

We will use the formula for Total labor variance to arrive at Standard rate.

Total labor variance = (Actual hours × Actual rate) - (Standard hours × Standard rate)

Substituting the data above into the formula, we'll have;

-$23,000 = (4,000 × $13) - (5,000 × SR)

-$23,000 = $52,000 - 5,000SR

Collect like terms

5,000SR = $52,000 + $23,000

5,000SR = $75,000

SR = $75,000 / 5,000

SR = $15

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Prior to the 1870s, both gold and silver were used as international means of payment and the exchange rates among currencies wer
SashulF [63]

Answer:

the exchange rate between U.S. dollar and German mark be under this system will be of 3 U$D = 1 german mark

Explanation:

We will use gold and silver as a mean to equalize both currencies:

<u>First equivalence between silver and gold:</u>

90 francs = 1 ounce of gold

9 franc = 1 ounce of silver

90/9 = 10 ounce of silver equals 1 ounce of gold.

<u>Now, we convert the german mark to gold:</u>

1 german mark = ounce of silver

10 german mark = ounce of gold.

<u>Finally, we equalize with the US dollars:</u>

30 dollar = ounce of gold = 10 german mark

30 dollars = 10 german mark

3 dollars = 1 german mark

4 0
3 years ago
Due to the impact that sudden events could have in the value of bonds, event risk covenants, or provisions, are included in the
Natalka [10]

Answer:

A puttable bond.

Explanation:

According to the corporate finance institute, "A puttable bond (put bond or retractable bond) is a type of bond that provides the holder of a bond (investor) the right, but not the obligation, to force the issuer to redeem the bond before its maturity date.   Puttable bonds are directly opposite to callable bonds."

A puttable bond (put bond, putable or retractable bond) has an embedded put option, giving the bondholder the right, but not the obligation, to demand early repayment of the principal, with the put option exercisable on one or more specified dates.

It is a kind of protection offered to investors so that they could "turn in their bonds to the issuer and get the value equal to the par value."

4 0
3 years ago
Andersen Major has five strategic business units (SBUs)—technology, fashion, food and beverage, consumer products, and electroni
Rufina [12.5K]

Answer:

Question marks

Explanation:

4 0
3 years ago
Read 2 more answers
Allyson Gomez invests $8,000 today in an investment that earns 6 percent per year (compounded annually) for 25 years. The averag
REY [17]

Answer:

B

Explanation:

The first thing to do here is to calculate what the amount of money invested would be in 25 years given the interest rate.

Mathematically, that can be written as;

V = P(1 + r)^n

Where V is the future value

P is the present value which is $8,000

r is interest rate which is 6% (6/100 = 0.06)

n is the number of years which is 25 years

Now plugging these values into the equation, we have

V = 8,000(1 + 0.06)^25

V = 8,000(1.06)^25

V = $34,334.97 which is approximately $34,335

We can now proceed to get what this future value would be today if we take the inflation rate into consideration

Mathematically, this can work as follows

P = V(1 + i)^n

Where P is the present value of the money when the inflation is taken into consideration

V is the future value of the money which was calculated from above as $34,335

i is the inflation rate which is 1.8% per annum = (1.8/100 = 0.018)

n is the number of years which is 25

Substituting these values, we have;

P = 34,335/(1 + 0.018)^25

P = 34,335/(1.018)^25

P = 21,980.75

Which is approximately P = $21,981

5 0
3 years ago
What is a traditional economy
statuscvo [17]
A traditional economy is<span> an original economic system where traditions, customs, and beliefs shape the goods and services the economy produces, and also the the rules and manner of their distribution.</span>
8 0
3 years ago
Read 2 more answers
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