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3 years ago

The following data for May has been provided by Mccawley Corporation:

Business

1 answer:

julsineya [31]3 years ago

8 0

Answer:

$3,920 favorable

Explanation:

For computing volume variance first we have to find out the overhead rate which is shown below:

Overhead rate is

= $78,400 ÷ 4,000 machine hours

= $19.6 per machine hour

And, the

Volume variance is

= (Normal capacity - standard hour allowed) × overhead rate

= (4,000 machine hours - 4,200 machine hours) × $19.6

= $3,920 favorable

We simply applied the above formula so that the volume variance could come

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Answer:

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Explanation:

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3 years ago

Your uncle offers you a choice of $115,0 in 10 years or $52,000 today, if the money is discounted at 9%, which should you do ose

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Answer:

1) we would choose the second offer i.e. $52,000 today

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1) Future value = $115,000

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Discount rate, r = 9% = 0.09

Now,

Present value of the money provided after 10 years

= Future Value ÷ [ ( 1 + r )ⁿ ]

= $115,000 ÷ [ ( 1 + 0.09 )¹⁰ ]

= $48,577.24

Since,

The Present value of $115,000 is less than the money to offered today i.e $52,000

Hence, we would choose the second offer i.e. $52,000 today

2) Payment per period = $9,500

Future value = Yearly Payment × [ { ( 1 + r ) ⁿ - 1 } ÷ r ]

Thus,

For A) 10 years at 10%

Future value = $9,500 × [ { ( 1 + 0.1 )¹⁰ - 1 } ÷ 0.1 ]

= $151,405.53

For B) 15 years at 9%

Future value = $9,500 × [ { ( 1 + 0.09 )¹⁵ - 1 } ÷ 0.09 ]

= $278,928.70

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3 years ago

A 3-year bond has an 8.0% coupon rate and a $1,000 face value. If the yield to maturity on the bond is 10%, calculate the price

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Answer:

$738.68

Explanation:

the price of the bond is $738.68.

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3 years ago

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Answer:

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3 years ago

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Answer and Explanation:

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