Answer:
The correct answer is $720 in Year 1 and $240 in Year 2 Next.
Explanation:
According to the scenario, the given data are as follows:
Loan Amount =$16,000
Rate of interest = 6%
Time period for first year (Apr - Dec) = 9 months
Time period for second year ( Jan - Mar) = 3 months
So, we can calculate the amount of interest by using following formula:
For first year:
Amount of interest (1st year) = $16,000 × 6% × 9 ÷ 12 = $720
Amount of interest (2nd year) = $16,000 × 6% × 3 ÷ 12 = $240
I believe the answer would be C because first we gather materials like cotton strings ect, then we produce it and make something out of cotton and strings ect, and then we distribute it to retail to get sold and earn money. Hope this helps!
Answer:
$270,000
Explanation:
Calculation for the amount of Machining cost assigned to Product A
Using this formula
Machine cost=Machine hours*Activity rate
Let plug in the formula
Machine cost=1,800*$150
Machine cost =$270,000
Therefore the amount of Machining cost assigned to Product A will be $270,000
I can't help you unless you give me more Information
Answer:
$954.60
Explanation:
Gross Pay: Gross income for an individual, also known as gross pay, is the individual's total pay from his employer before taxes or other deductions.
Net Pay: Gross income for an individual, also known as gross pay, is the individual's total pay from his employer after taxes or other deductions.
Particulars Amount Amount
Gross Pay $1,250
Withholding deduction:
Income tax <em>($201.65)</em>
Social Security <em>(1,250*0.06 = $75)</em>
Medicare tax <em>(1,250*0.015 = $18.75)</em>
Net pay $954.60
