Answer:
190,390
Explanation:
Budgeted direct labor-hours 9,400
Variable manufacturing overhead rate $ 8.60
Variable manufacturing overhead $ 80,840
Fixed manufacturing overhead 127,840
Total manufacturing overhead 208,680
Less depreciation 18,290
Cash disbursement for manufacturing overhead $ 190,390
Answer:
$1,114.86
Explanation:
$1,000 in a 3 year CD
total amount received if CD cashed on maturity = $1,000 x (1 + 4%)³ = $1,124.86
total interest = $1,124.86 - $1,000 = $124.86
penalty = interest for 3 months = 4% x 3/12 = 1% ⇒ $1,000 x 1% = $10
total money received = principal + earned interest - penalty = $1,000 + $124.86 - $10 = $1,114.86
Answer:
a. Increases asset
b. equity increased.
c. Assets increase and liability increased.
d. asset increase and liability increases.
e. Assets decreases and liability decreases
f. Assets increases
g. equity decreases
h. no effect
i. no effect
Explanation:
The transaction incurred by McKay & Company has impact on assets, liabilities and equity. The effect of each transaction is mentioned above. The transaction h and i will have no effect on the accounting equation. the cash received from the client increases cash but the receivables are reduced will off sets the assets side having no impact on accounting equation.
Answer:
What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year? The firm's APR of not taking the trade credit is <u>0.1613</u>.
Explanation:
The nominal cost of its non-free trade credit = the discounts lost for paying late.
In this case, the seller offers a 3% discount if the firm pays within 15 days.
annual financial cost = [discount / (100% - discount)] x [365 / (repayment time - discount period)]
annual financial cost = [3% / (100% - 3%)] x [365 / (85 - 15)] = (3% / 97%) x (365 / 70) = 0.1613 or 16.13%
The level at which Conway operates at his organization is called the Corporate Level.
Corporate Level strategy means the top hierarchy approach for administering and directing the entire activities of the organization
Here, Craig Conway is the CEO which is a top-hierarchy for his company. Any operation planned, administered and directed from his position in the organization means he is operating at the Corporate Level
Therefore, the level at which Conway operates at his organization is called the Corporate Level.
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