A $200,000 loan amortized over 13 years at an interest rate of 10% per year requires payments of $21,215.85 to completely remove
the loan when interest is charged on the unrecovered balance of the principal. If interest is charged on the original principal instead of the unrecovered balance, what is the loan balance after 13 years provided the same $21,215.85 payments are made each year
First find the amount of direct labor cost by subtracting the amount of indirect labor cost from the amount of factory labor cost Direct labor cost is 600,000−140,000=460,000
The amount of overhead debited to work in process inventory should be 460,000×0.7=322,000
Sean has been tasked with developing a ethical mission statement with a view of reassuring customers on predatory lending practices.
This is a renewed emphasis on the ethics of the company and by so doing it will reassure the company is aware of the ethical practice in this regard and that they are pledging to act ethically.
Ethics is defined as the process of systemising and recommending concepts of right and wrong. It is also called moral philosophy.
Bridges, shopping centers, and other jobs that take months or years to complete and involve the work of many are called Project
What is project?
A project is any endeavour that is carefully planned to accomplish a specific goal, whether it is done alone or with others. It may also involve research or design.
An alternate perspective describes a project as a series of connected tasks that must be completed within specific time, budget, and other constraints.
