Answer:
7.06%
Explanation:
The computation of the coupon rate is given below:
Given that
FV is $1,000
PV is $978
NPER is 9
RATE is 7.4%
The formula is given below:
=PMT(RATE,NPER,-PV,FV,TYPE)
After applying the above formula, the PMT is $70.57
Now the coupon rate is
= $70.57 ÷ $1,000
= 7.06%
Answer:
The correct answer is:
$6,998.64 favorable (b)
Explanation:
The direct labor rate/price variance is the difference between the standard cost of production and the actual cost incurred in the production process. If the actual rate of labor is less than the standard labor rate, it is said to be favorable, because lesser time is used in the production process than estimated. The reverse is the case for unfavorable direct labor rate variance.
The formula is given as:
Direct Labor Rate Variance = (SR - AR) × AH
Where
SR = standard rate = $12.88 per hour
AR = actual rate = $12.00 per hour
AH = actual direct labor hours = 7,953 hours
∴ Direct labor rate variance = (12.88 - 12.00) × 7,953 = $6,998.64 favorable
Answer:
$50
Explanation:
The computation of the stock price level is shown below:
Maintenance margin = Number of shares purchased × price - loan amount ÷ Number of shares purchased × price
30% = 100 shares × price - $3,500 ÷ 100 shares × price
30% × 100 shares × price = 100 shares × price - $3,500
30 × price = 100 shares × price - $3,500
After solving this, the price would be $50
And, the loan amount equal to
= Number of shares purchased × per share price × initial margin
= 100 shares × $70 × 50%
= $3,500
Answer: A balanced economy generally has neutral economic stance.
Explanation:
A balanced economy generally has neutral economic stance. This means a balanced economy is one in which the finance of the economy I.e both the imports and exports are in equal proportion.
Answer:
forgo interest = $30
interest = $75
Explanation:
given data
annual interest = 2%
current balance = $4,500
borrow = $1,500
annual interest rate = 5 percent
to find out
how much interest would she forgo and how much will she pay in interest
solution
first we get here Forgo interest that is here
forgo interest = withdrawal amount × interest rate ..........................1
put here value we get
forgo interest = $1500 × 2%
forgo interest = $30
and
now w get here pay in interest that is
interest = amount borrow × interest rate ..........................2
put here value we get
interest = $1500 × 5%
interest = $75
