I believe the answer is: A. the interest rate on your loan will be fixed over time
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There are two things that separate a student loan with any other type of loan. The first one is that there is no time limit of when the student loan must be paid. The second one is that unlike any loan, student loan would not dissapear even if you declare a personal bankruptcy.
Answer:
Direct labor efficiency variance= $9,360 unfavorable
It is unfavorable because it took longer to produce 975 units than the standard time estimated.
Explanation:
Giving the following information:
Standard direct labor hour per unit= 7.2 hours
Standard rate= $13
Actual units= 975
Actual hours= 7,800
Actual rate= $12.44
<u>The direct labor time variance is also known as the direct labor efficiency variance. It calculates the effect on costs of the time required to produce the actual amount of units.</u>
We need to use the following formula:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Standard quantity= 975 units*7.20= 7,020 hours
Direct labor efficiency variance= (7,020 - 7,800)*12= $9,360 unfavorable
It is unfavorable because it took longer to produce 975 units than the standard time estimated.
Answer:
B. bank statement.
Explanation:
A bank statement is a document provided by a bank once a month to its customers, listing the transactions made by an user in a bank account.The statement provides the following information: The beginning cash balance in the account. + The total amount of each deposited batch of checks and cash.
Answer:
The simple rate of return of 4.54%
Explanation:
The simple rate of return of 8.75%
($97,000 - $56,000 - $27,500) ÷$297,000
=$13,500÷$297,000
=0.0454×100
=4.54%
The new machine $330,000 ÷ 12 years useful life
=$27,500
The new machine $330,000
Les old machine scrap $33,000
=$297,000
Therefore the simple rate of return is 4.54%
You did answer correctly gg