Answer:Principal:150 Rate:2% Time:1 year
Explanation:
Hope this helps
Answer:
the material quantity variance is $1,350 unfavorable
Explanation:
The computation of the material quantity variance is given below:
Materials quantity variance is
= (Actual quantity × Standard price) - (Standard quantity × Standard price)
= (21,200 × $1.50) - [(2,900 × 7) × 1.5]
= $31,800 - $30,450
= $1,350 Unfavourable
Hence, the material quantity variance is $1,350 unfavorable
Answer:
a. 32 refrigerators
b. 29 refrigerators
Explanation:
a. The computation of the economic order quantity is shown below:
= 32 refrigerators
The carrying cost is come from
= $500 × 20%
= $100
b. And, the reorder point is
= Annual demand ÷ total number of days in a year × lead time + service level × Standard deviation during lead time
= 500 ÷ 365 days × 7 days + 1.90 × 10
= 29 refrigerators
Answer:
$102
Explanation:
Calculation to determine would be his maximum monthly premium for COBRA coverage
Based on the information given The employer will have to obtain a PREMIUM from the employee that was TERMINATED at a rate that is NOT HIGHER THAN 102% of the individual's GROUP PREMIUM RATE.
Hence;
Maximum monthly premium for COBRA coverage= 102% * $100
Maximum monthly premium for COBRA coverage=$102
Therefore would be his maximum monthly premium for COBRA coverage is $102
<u>Solution and Explanation:</u>
1. the Yield to maturity
FV = 1,000
PMT = FV multiply with Coupon rate
, PMT = 1,000 multiply with 0.1 = 100
N = 5
, PV = -1,197.93
CPT I/Y
I/Y = 5.380166647
Therefore, the Yield to maturity = 5.380166647%
Where: FV – fair value, PV – Present value
2. Current yield = Coupon payment divided by Price
Current yield = 100 divided by 1,197.93
By solving we get,
Current yield = 0.08347733173
Therefore, the Current yield = 8.347733173%
