Answer:
$28,675 = direct materials used
Explanation:
<u>To calculate the direct material used, we need to use the following formula:</u>
Cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP
112,450= 23,600 + direct materials used + (22,550*2.5) + 22,550 - 18,750
112,450 - 23,600 - 56,375 - 22,550 + 18,750 = direct materials used
$28,675 = direct materials used
Answer:
Explanation:A periodic interest rate is a rate charged on a loan or rate realised on an investment over a stated period of time.
Interest rates are usually stated on an annual basis but compounds more frequently than annually in most cases.
Periodic Interest rate is calculated as the annual interest rate divided by the number of compounding periods.
A very good example of a periodic interest rate is interest on mortgage. The mortgage loan is payable over a long period of time say 20 years and the interest rates is compounded monthly to enable the lender pay on a monthly basis.
Answer:
The probability that a randomly selected graduate will have a starting salary of $50,000 or more is 10.56%
Explanation:
The formula for calculating a z-score is:
Z=
Where:
x=Score in this case is $50,000
μ=Mean or average of the salary: $45,000
σ= standard deviation of $4,000.
Z=
Z= 1.25
This value has an associated probability of 0.8944= 89.44%, this means 89.44% of graduates will have a starting salary of $50,000 or less.
But if we want to know the probability that the graduate has a salary of $50,000 or more, taking into account a population of 100%=1
1-0.8944= 0.1056
Which represents that 10.56% of population of graduates will earn $50,000 or more.
The answer would be <span>A) The scarcity problem</span><span> persists because economic wants exceed available productive resources.</span>
Answer:
A 1031 Exchange allows a taxpayer like Rodriguez to temporarily differ any capital gains when they sell a property and immediately purchase another property using the proceeds from the sale. In the first part of the question, Rodriguez sold a property that had a basis of $57,000 for $65,000, and immediately but another property worth $65,000. That means that he doesn't need to immediately pay any taxes for the $8,000 gain.
But if the situation is the opposite. Instead of making a gain, Rodriguez lost money, then he should immediately record the $8,000 loss in order to lower his taxes. The less taxes you pay, the better. The whole idea of the 1031 Exchange is to defer taxes that you owe, not to defer losses that will lower your taxes.
