Answer:
$55.07
Explanation:
In this question we use the PMT formula that is shown in the attachment
Given that,
Present value = $4,850
Future value or Face value = $0
Interest rate = 6.50% ÷ 12 = 0.54%
NPER = 10 years × 12 = 120 years
The formula is shown below:
= PMT(RATE;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the monthly payment is $55.07
If you engage in conversation or to communicate this will help solve problems because your communicating if that makes sense
Answer: <em>Please refer to explanation. </em>
Explanation:
Since it is an Available for Sale debt, we journalize it as follows
2018
Dec. 31
DR Unrealized holding loss on AFS 600
CR .Fair value adjustment - AFSI 600
(To record available-for-sale investments at fair value)
Calculation,
= Cost Price - Market Price
=($3000 - $2400)
= $600
<em>If you need any clarification do comment or react.</em>
Answer:
Material quantity variance = $9,380 adverse
Explanation:
<em>A material usage variance occurs when the standard quantity required to active a particular level of production is higher or lower than than the actual actual quantity used. A favorable variance would mean than less quantity of materials were used than the standard to achieve a given output level. And an adverse variance would mean the opposite</em>
We can calculate it as follows:
grams
4,400 units should have used (4,400× 2 grams) 8,800
but did use <u> 10,140</u>
<u> </u> 1,340 adverse
standard price per g ×<u> $7______</u>
Material quantity variance <u> $ 9,380 adverse</u>
Material quantity variance = $9,380 Adverse
