The simple rate of return on the investment is closest
19.9%
It was last issued in 2003
Answer:
final net income = $3830.9375
Explanation:
GIVEN DATA:
sales = $15000
DEPRECIATION = $1200
interest rate = 6.25%
federal+state income tax rate - 35%
OPERATING COST EXCLUDING DEPRECIATION = $7500
total operating cost = 7500+ 1200 = $8700
interest given = 6500*0.0625=406.25
net income with tax= 15000-8700-406.25 = 5893.75
final net income = 5893.75*(1-0.35)=3830.9375
Answer:
Hubs Sprockets
Direct Materials 29 17
Direct Labor 13.3 5.7
Overhead 14.65 0.24
Unit Cost 56.95 22.94
Explanation:
<u><em>Labor:</em></u>
Hubs: 0.7 hours per unitx 19 labor rate = $13.3
Sprockets 0.3 x 19 = $5.7
<u><em>Direct Materials:</em></u>
Hubs $29
Sprockets $17
<u><em>Overhead rate</em></u>
Activity Pool Hub Sprockets
Machine Setups 225 125(55.56%) 100(44.44%)
Special processing 3900 3900
<u>Machine Setups</u>
27,000 x 55.56% /13,000 units: $ 1.1538
27,000 x 44.44% / 50,000 units $ 0.24
<u>Special Processing</u>
175,500/13,000 = $13.5
Total overhead
sprockets: $0.24
hubs: $14.65
Units cost:
hubs: 13.3 + 29 + 14.65 = 56.95
sprockets: 5.7 + 17 + 0.24 = 22.94
Answer:
Beneficiary
Explanation:
The person who gets the benefit in return for the trust is called the beneficiary.
Under this process, one person can make a profit due to the trust of the other person.
In the given question , Martin's trust will benefit given to his son Nathan.
So, Martin's son Nathan will be called the beneficiary.