Answer:
$304 Favorable
Explanation:
The computation of direct labor efficiency variance is shown below:-
Direct Labor efficiency Variance = (Standard Labor Hour - Actual Labor Hour) × Standard Rate
= ((71 × 3) - 195)) × $16
= (214 - 195) × $16
= 19 × $16
= $304 Favorable
Therefore for computing the direct labor efficiency variance we simply applied the above formula.
Answer:
The price of the stock today is $144.43.
Explanation:
The price of the preferred stock today can be calculated by using the zero growth model of the DDM. The zero growth model values the stock based on its constant dividend and required rate of return. As the stock will pay its first dividend 20 years from now, we will calculate the stock price at t = 19 and discount it back to today's value.
The price formula under zero growth model is,
P = D / r
P19 = 15 / 0.045
P 19 = $333.3333333
The price of the stock today is,
P0 = 333.3333333 / (1+0.045)^19
P0 = $144.43
Explanation:
a) The Company shall have an income of $200 as interest Revenues and $2200 as imputed revenues(i.e. difference between actual income and market value of interest on loans.
Nevertheless the corporation shall also have the right to compensation incurred by the federal tax law at $2200 for wally and shall not be eligible for deduction under Federal Taxation Law.
b) Amount of gross income does Wally recognize if Pay More forgave the loan and interest on December 31:
Loan Amount $ 20000
Interest Foregone $ 200
Imputed Interest $ 2200
Total Amount $22400
Answer:
the money that will be in the account after collecting the last payment is $112,044
Explanation:
The computation of the money that will be in the account after collecting the last payment is shown below:
Amount is
= $40,000 × (1.06)^2 + $35,000 × (1.06) + $30,000
= $112,044
Hence, the money that will be in the account after collecting the last payment is $112,044
The stereo would cost 3750 British pound in Britain at the prevailing exchange rate.
Explanation:
Given details-
The exchange rate between the British pound and US Dollar- 0.75 British pounds for 1 USD
Cost of the stereo= 5000 USD
Proportionate cost of the stereo in the British pound-
Exchange rate conundrum can be understood in the following way easily-
It means that for every 1 USD, a person in Britain would shell out 0.75 British pounds. In other words, the British pound is dearer than USD.
Since the cost of the stereo is 5000 USD and 1 USD is 0.75 British pound
5000 USD would equal 5000* 0.75 British pound= 3750 British pound
cost of the stereo is 3750 British pound
