Answer:
$15,000
Explanation:
Joe has sold the house he has been living in for 10 years to the Smiths family
He sold the house at $300,000
Joe receives $50,000 more than the original price bargained 10 years ago
He pays the real estate agent a commission of 5%
= 5/100
= 0.05
Therefore the increase in gross domestic product can be calculated as follows
= $300,000×0.05
= $15,000
Hence, the transaction will increase the gross domestic product by $15,000
,Answer:
Zoe Corporation
Statement of Cost of Good Manufactured For the Month Ended March 31
Work in Process Inventory 22,000
Direct Materials:
Materials inventory, March 1 6,000
Purchases 92,000
Less Materials inventory, March 31 <u> ( 8,000)</u>
Cost of Materials used in Production 90,000
Direct Labor 25,000
Factory Overhead <u> 37,000</u>
<u> 152,000</u>
Total Manufacturing Cost 174,000
Less Work in Process Inventory, March 31 <u> (23,500) </u>
Cost of Goods Manufactured 150,500
Answer:
B $3000/year
Explanation:
The minimum amount of salary that Danny should contribute to his 401(k) plan each year = 6% of his annual salary = 6/100 × $50000 = $3000/year
Answer:
Explanation:
Net Cost of Life Insurance Premium : Life insurance policy entails Premium to be paid by the insured at a monthly / quarterly interval. insured often gets dividend from the insurance company and in that case, the net cost of premium will be low
The 20 years premium can be calculated with Annual Premium which is not given in the question, therefore i will solve for all the option but please pick the answer that the Annual premium is with you
a) 20 years premium = Annual Premium x Number of years
= 11700 x 20
= 234,000
b) 20 years premium = Annual Premium x Number of years
= 7900 x 20
= 158,000
c) 20 years premium = Annual Premium x Number of years
= 550 x 20
= 11,000
d) 20 years premium = Annual Premium x Number of years
= 28350 x 20
= 567,000
Answer:
The effect on Morgantown's overall profit is $140,000 decrease in Morgantown's profits
Explanation:
In order to calculate the effect on Morgantown's overall profit we would have to make the following calculations:
Contribution margin per unit for Lock Division = Selling price – Variable costs = $40 - $22 = $18
Contribution lost by lock division if Cabinet division buys from outside = $18 * 10,000 = $180,000
Cost per unit saved by Cabinet division = $40 - $36 = $4
Total cost saved by cabinet division = $4 * 10,000 = $40,000
Net decrease in profit = Contribution lost – Cost saved = $180,000 - $40,000 = $140,000
Therefore, the effect on Morgantown's overall profit is $140,000 decrease in Morgantown's profits.
