1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kobusy [5.1K]
2 years ago
12

Go back to the Standard Repayment plan in #1 above. Now pay an extra $100 per month (this gets put toward the principal),.

Business
1 answer:
Solnce55 [7]2 years ago
6 0

Answer:

3000* (1+ 0.06) (that little 1 at the corner there <)

= $3,180

3,180 - 3000 = $180 first year

180/12 =$15 per month

The formula is

Principal (money borrowed/3000$) times/*/x (1+ rate (0.06) ) to the power of 1

Please correct me if i got it wrong i’m studying this in class too.

Explanation:

You might be interested in
Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made fro
12345 [234]

Answer:

Part 1.  

Plantwide overhead rate for Laval using direct labor hours as a base. is $1.60 per Direct Labor Hour

Part 2.

Total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate is $78.76

Part 3. Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.

                                         Fabricating                  Assembly              

Overheads (R)                      390000                         410000      

Department Cost Driver      152000                         290000      

Overhead Rate                         2.57                                 1.41            

Therefore Overhead Rates are :

            Fabricating Department $ 2.57 per Machine Hour  

            Assembly Department $1.41 per Labor Hour          

Part 4. Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.

Direct materials ($270000/21000)                                         12.86

Direct labor:

       Fabricating department(6500/21000×$29)                   8.98

       Assembly department(15200/21000×$26)                   18.82

Overheads:

       Fabricating department(152000/21000×$2.57)           18.60

       Assembly department (290000/21000×$1.41)             19.47

Total manufacturing cost per unit                                         78.73

Explanation:

Part 1.  Plantwide overhead rate for Laval using direct labor hours as a base.

Overhead Rate = Total Overheads/Total Direct Labor Hours

                          = $1.60 per Direct Labor Hour

                                            Fabricating                  Assembly         Total      

Overheads (R)                      390000                         410000       800000

Direct Labor Hrs                  210000                         290000       500000

Overhead Rate                                                                                   1.60

Part 2. Total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate

Direct materials ($270000/21000)                                         12.86

Direct labor:

       Fabricating department(6500/21000×$29)                   8.98

       Assembly department(15200/21000×$26)                   18.82

Overheads:

       Fabricating department(210000/21000×$1.60)            16.00

       Assembly department (290000/21000×$1.60)            22.10

Total manufacturing cost per unit                                         78.76

Part 3. Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.

Part 4. Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.

8 0
3 years ago
What are the leading economic indicators supposed to predict?
DiKsa [7]

The correct answer is: business cycle

6 0
3 years ago
Read 2 more answers
A seller listed a home for $200,000 and agreed to pay a commission rate of 5%. The MLS stated that the commission would be share
Virty [35]

Answer:

The answer is: $2,700

Explanation:

The house sold for $180,000 (= 90% x $200,000).

The total commission was $9,000 (= $180,000 x 5%), split in half between listing office and selling office.

The selling broker received his $4,500 commission, and then h paid his selling associate 60% of it.

The selling associate received a $2,700 commission (= 60% x $4,500)

3 0
3 years ago
Overton Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2019. Because
Andre45 [30]

Answer:

The answer is "Operating expense of $800,000 and liability of $800,000".

Explanation:

It's obvious from its government that the company must recall any paint cans which have proved health hazardous. Its organization must remember its $800,000 in canned cans. The cost of recall would also be referred to as administration fees since these costs aren't linked to its production of the paints. All operations of the company were performed. It must be held responsible for the calculation of the recalling costs.

5 0
2 years ago
When the price level changes, which of the following variables will change and thereby cause a change in the aggregate quantity
jok3333 [9.3K]

Answer:

The correct answer is option d.

Explanation:

When there is an increase in the price level, the purchasing power of money decreases. People will need more amount of money to purchase the same level of goods. This will reduce the real value of wealth.  

When the purchasing power decreases and people need more amount of money to purchase the same level of goods, the demand for money will increase. This will cause the interest rate to rise as well.  

As the price level increases, domestic goods become relatively expensive. This will cause the export demands to decline. So the demand for domestic currency will also decline. This will further cause the value of currency to depreciate.

5 0
3 years ago
Other questions:
  • Midwest Sales, Inc. has a stated written policy by which all similarly situated employees are to be paid the same salary. John D
    14·1 answer
  • Jodi owns a business that designs and creates lingerie. In an effort to get her product into as many stores as possible, jodi ha
    7·2 answers
  • 1. Your roommate's long hours in chem lab finally paid off--she discovered a secret formula that lets people do an hour's worth
    15·1 answer
  • Dakota, a manager for a large trucking company, is beginning to evaluate his truck drivers but is unsure of which type of evalua
    12·1 answer
  • Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $142,104. It will have
    10·1 answer
  • On January 1, 2018, Olympic Insurance Company granted 30,000 stock options to certain executives. The options are exercisable no
    9·1 answer
  • After defining the problem that eCompeteUSA wants solved, you need to determine what type of research objective to pursue. What
    6·1 answer
  • Rostad Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhe
    8·1 answer
  • Frequently, project managers lack legitimate power based upon position and instead resort to persuading others based upon person
    10·1 answer
  • From which country canada exports 2%
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!