The additional amount over the amount borrowed that the consumer must repay. This includes fees, interest, and other charges.
Answer:
Future value
Explanation:
Future value is the value an assets as currently based on the assumed rate of its growth or increase.
Determining the future value of money or an investment helps one to make calculated decisions on what to get from the purchasing power of such money or how much the investment will be worth in the future.
Future value is calculated using
FVi=PV (1+I)n
Where
FVi is the value at the end of a particular period.
PV is price value.
I is the interest rate.
n is the number of compounding periods.
Answer:
Manufacturing overhead volume variance= $1,200 unfavorable
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
<u></u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Fixed Predetermined manufacturing overhead rate= 1,200,000/240,000
Fixed Predetermined manufacturing overhead rate= $5 per machine hour
<u>Now, to calculate the fixed manufacturing overhead volume variance, we need to use the following formula:</u>
<u></u>
Manufacturing overhead volume variance = Actual Factory Overhead - Budgeted Allowance Based on Standard Hours
Manufacturing overhead volume variance= (101,200) - (5*20,000)
Manufacturing overhead volume variance= $1,200 unfavorable
It is a list of assets or it could detailing the balance of income of a business for a period of time.
Answer:
The monthly increase of revenue is 0.4273%
Explanation:
given annual interest rate=5.25%
There are 12 months in a year
Dividing yearly interest rate to monthly interest rate,the equation will be
As 
%
Sove above equation,we will get
Monthly increase in revenue=
=0.4273%
