Answer:
8.15%
Explanation:
The weighted average cost of capital is the sum of costs of different sources of finance multiplied by their respective weights as shown by the formula below:
WACC=(cost of equity*weight of equity)+(cost of preferred stock*weight of preferred stock)+(after-tax cost of debt*weight of debt)
cost of equity=11.25%
weight of equity=55%
cost of preferred stock=6.00%
weight of preferred stock=10%
after-tax cost of debt=6.50%*(1-40%)=3.90%
weight of debt=35%
WACC=(11.25%*55%)+(6.00%*10%)+(3.90%*35%)
WACC=8.15%
The document that he needs to complete his FAFSA application is D. None of the above.
FASFA Application is an acronym for The<u> Free Application for Federal Student Aid. </u>This is an application that is done that allows students to be considered for Federal student aid.
The documents that a student needs to complete his FAFSA application include one's security number, the <em>Federal Income tax returns</em>, and every other record of the money that the person has earned.
From the complete question, none of the above options are given, therefore, the correct option is None of the above.
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Answer:
$
Standard total overhead cost (0.5 hr x 25,000 x $3.29) 41,125
Less: Actual total overhead cost ($21,000 + $18,000) 39,000
Total overhead variance 2,125(F)
Standard overhead application rate
= <u>Budgeted overhead</u>
Budgeted direct labour hours
= <u>$115,150</u>
35,000 hours
= $3.29 per direct labour hour
Explanation:
Total overhead variance is the difference between standard total overhead cost and actual total overhead cost. Standard total overhead cost is the product of standard hours per unit, standard overhead application rate and actual output produced. Actual total overhead cost is the aggregate of actual variable overhead cost and actual fixed overhead cost. Standard overhead application rate is the ratio of budgeted overhead to budgeted direct labour hours (normal capacity).
Answer:
sole proprietorship
Explanation:
A sole proprietorship is a type of business that is owned by one person
Characteristics
1. it is owned by one person
2. the business has unlimited liability
3. the business has limited access to capital
4. the business usually lacks continuity. this type of business usually ceases to exist when the owner dies
5. the business is usually not separated from the owner
