Answer: Endowments
Explanation:
The institutional investors that most likely must spend a target percentage of the portfolio annually is the endowments.
Endowment fund refers to the long term fund that is used for perpetual operations and usually set up by colleges or in hospitals
The fund then covers the expenses relating to provision of services for the students. A portion of the endowment is allowed to be use for every fiscal year.
Answer:
$53,700
Explanation:
Direct manufacturing cost = (Direct material per unit + Direct labor per unit) * Units produced
=($5.20 + $3.75) * 6,000 units
=$8.95 * 6,000
=$53,700
The total amount of direct manufacturing cost incurred is closest to $53,700
Answer: Jasper's net purchase price unit is $357.
Since Jasper orders in large quantities, Japser is eligible for the trader's discount at 30%.
So, the price per unit will be:
Shipping costs are charged by the shipper and Jasper doesn't get any discounts from the shipper. So, we add shipping costs per unit to the discounted price per unit to arrive at the purchase price per unit.
Answer: Straight line method of depreciation
Explanation: Under the straight line method of depreciation the asset is expensed over its useful life. In this method, depreciation or amortization is calculated by dividing the difference of initial cost and salvage value of the asset from its useful number of years.
This method is not commonly used for assets having longer term period but still some business entities use it as it is easy to calculate.
Answer:
a). Unemployment rate in March=8%
b). Unemployment rate in April=9.4%
Explanation:
a).
The unemployment rate can be expressed as;
R=P/L
where;
R=unemployment rate
P=number of unemployed persons
L=labor force
In our case;
R=unknown
P=number of unemployed persons=labor force-number of employed persons
P=100-92=8 million
L=100 million
replacing;
R=8/100=0.08×100=8%
The unemployment rate in March=8%
b).Unemployment rate for April
Unemployment rate={(total unemployed+discouraged workers)/(labor force+discouraged workers)}×100
total unemployed=8 million
discouraged workers=1.5 million
labor force=100 million
replacing;
Unemployment rate=(8+1.5)/(100+1.5)=(9.5/101.5)×100=9.4%
Unemployment rate in April=9.4%
