Answer:
$1,157 rounded to the nearest whole dollar
Explanation:
Answer:
Missing word <em>"a. Direct labor usage. b. Indirect labor usage. c. Total payroll paid in cash. Prepare journal entries for the above transactions for the month of May"</em>
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S/n General Journal Debit Credit
a Work in Process inventory $265,000
($345,000 - $80,000)
Factory wages payable $265,000
(To record for Direct labor usage)
b Factory overhead $80,000
Factory wages payable $80,000
(To record for Indirect labor usage)
c Factory wages payable $345,000
Cash $345,000
(To record for Total payroll paid in cash)
Answer:
A food worker should use an ice scoop when retrieving ice from ice machine
Explanation:
The use of a scoop when retrieving ice from the ice machine helps to minimize the risk of ice being a source of food-borne disease. More importantly, the food worker should ensure that his or her hands are clean and only hold the ice scoop by the handle.
Both Canada and the US health guidelines, ice is classified as food. Some scientific research works have revealed that some viruses and bacteria can survive in freezing environments for a long time. Therefore, using an ice coop by a food worker ensures that ice is not contaminated.
Answer:
$ 1,592,121.121
Explanation:
Present Value at T=0 is $120,000
N = 30
I = 9%
PMT = $11,680.36
We shall calculate the Future Value without PMT and then with PMT. The difference would be the amount of interest paid.
FV at T = 30 with PMT is -$3,184,242.537
FV at T = 30 without PMT is -$1,592,121.416
The total interest paid on the loan is = $ 1,592,121.121
Answer:
a) 3X + 2Y = 36
b) X = 6 , Y = 9
c) 27
Explanation:
Individual consumes : X and Y
Spends : $36 per time period
unit cost : $3 per unit for X
$2 per unit for Y
utility function : U( X, Y ) = .5XY
<u>A) Budget equation mathematically</u>
X* Px + Y* Py = M
3X + 2Y = 36
Px and Py = unit cost for X and Y
M = Total spent ( revenue )
<u>b) Values of X and Y that will maximize utility </u>
Maximum utility ( MRS ) = Px / Py ,
MRS = MUx / MUy
= Y/X = 3/2
∴ 2Y = 3X
From BC : 6X = 36 ( X = 6 plug into mathematically equation above )
∴ X = 6 , hence Y = 9
<u>c) Total utility generated per unit of time </u>
U( X,Y ) = .5XY
= 0.5 * 6 * 9 = 27
