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2 years ago

Simple Interest:

Business

1 answer:

Naddik [55]2 years ago

6 0

Option answer:

c. Interest = $54 and Balance = $1254

Answer:

A = $1,254.00

I = A - P = $54.00

Equation:

A = P(1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 3%/100 = 0.03 per year.

Solving our equation:

A = 1200(1 + (0.03 × 1.5)) = 1254

A = $1,254.00

The total amount accrued, principal plus interest, from simple interest on a principal of $1,200.00 at a rate of 3% per year for 1.5 years is $1,254.00.

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Here are selected data for Creek Corporation: Cost of materials purchases on account $ 68 comma 700 Cost of materials requisiti

Sedbober [7]

Answer:

$29,900

Explanation:

According to the scenario, computation of the given data are as follows:-

Predetermined Manufacturing Overhead = 130% of Direct Labor Cost

= $77,000 × 130÷100 = $100,100

Direct Material= $51,300 - $4,500 = $46,800

Direct Labor = $77,000

Total Added Cost to WIP = Manufacturing Overhead + Direct Material + Direct Labor

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3 years ago

The Higgins Company has just purchased a piece of equipment at a cost of $120,000. This equipment will reduce operating costs by

Maru [420]

Answer:

B. 2.8 years

Explanation:

Initial investment = -120,000+ 8,000 = -112,000

Yr 1 cash inflow = 40,000, hence net CF = 40,000-112,000 = -72,000

Yr 2 cash inflow = 40,000, hence net CF = 40,000- 72,000 = -32,000

Yr 3 cash inflow = 40,000, hence net CF = 40,000-32,000 = 12,000

Payback period = last year with negative net CF + (absolute net CF that year/ total CF the following year)

= 2 + (32,000/40,000)

= 2 + 0.8

= 2.8 years

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4 years ago

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Komok [63]

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1 year ago

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2 years ago

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