Answer:
It is $329,209.31
Explanation:
Please attached sheet for computation.
Answer:
A fixed interest rate loan is a loan where the interest rate doesn't fluctuate during the fixed rate period of the loan.
Explanation:
a fixed rate could also be calculated if you want to know how to calculate fixed rate i could tell you
Answer:
A) Pilot strategy
Explanation:
Under a pilot strategy, before a new system is fully implemented, it is first subjected to testing under a given situation by using it in selective parts of the organization , to assess it's compatibility with the situation or if the system requires necessary changes.
This could also be a kind of experimentation to evaluate the feasibility of a system before deciding upon it's final implementation.
If the system under consideration matches the desired results, the organization proceeds with it's full implementation in the entire organization.
If not, necessary changes need to be incorporated in the system.
Answer:
The correct decision would be to process further before product is sold
Explanation:
Profit if the product is sold un-assembled
Selling price $135
cost of un-assembled product ($60)
Profit on un-assembled product $75
Profit if the product is further assembled before sale
Selling price $170
Cost of un-assembled product ($60)
Cost of assembling product ($25)
Profit if the product is assembled $85
The profit increased by $10 if the product is further assembled before it is sold.
Hence the best course of action would be to further assemble the product before it is sold
Answer:
The Adjusted Cost of Goods Sold for the year is $926,000
Explanation:
The formula to compute COGS is:
Ending inventory = Opening inventory + Work in progress - Unadjusted COGS (Cost of Goods Sold)
$ 23,000 = $28,000 + 918,000 - COGS
COGS = $946,000 - $23,000
= $ 923,000
The formula to compute the Adjusted Cost of Goods Sold is:
Adjusted Cost of Goods Sold = Unadjusted Cost of Goods Sold + Under- applied overhead
= $923,000 + $3,000
= $926,000
