Answer:
See explanations below
Explanation:
Kind find attached solution. Please note that 3,300 units was used for the alternative.
2. increases with higher interest rates
3. increases with longer periods of time
4. decreases with longer periods of time
Answer:
C. 2 and 3
Explanation:
Note: Options to the question are as follows "A. 1 and 3, B. 1 and 4, C. 2 and 3, D. 2 and 4.
FV = PV(1 + r)^t
Future value of a dollar is the value of a dollar if it earns a certain interest fro a specified time. Future value increases with an increase in interest rates and time. Conversely, it decreases with a decrease in interest rates and time.
Thus, Option c is correct.
a. Determine the total interest cost under each plan.
b. Which plan is less costly?
i. Short-tem variable-rate plan
ii. Long-term fixed-rate plarn
Answer:
Long-term fixed-rate plan-$220,320.00
Short-term variable-rate plan-$224,280.00
The long-term fixed-rate plan is less costly as it has a lower interest expense
Explanation:
Total interest under the first plan=principal amount*interest rate*3 years
principal amount is $720,000
interest rate is 10.20%
total interest expense=$720,000*10.20%*3=$220,320.00
Interest expense under second plan=($720,000*8.50%)+($720,000*12.90%)+($720,000*9.75%)=$224,280.00
Accounts receivable turnover is computed by dividing sales revenue by average accounts receivable over a certain period. It gauges a company's effectiveness in extending credit and collecting debts. Higher values of this figure indicate a more proficient collections department and credit policy.
The accounts receivable turnover is a measure used in financial accounting to quantify a firm's effectiveness in extending credit and collecting debts. The formula to calculate this key figure involves the sales revenue divided by the average accounts receivable during a certain period. More specifically, it is computed as Net Credit Sales / Average Accounts Receivable. It's a key indicator of a company's short-term liquidity, with higher values indicating that the business has a more proficient collections department and credit policies.
Learn more about accounts receivable turnover here:
#SPJ6
The Accounts Receivable Turnover is computed by dividing Sales by Average Accounts Receivable. It shows how quickly a firm collects on its credit sales.
The Accounts Receivable Turnover is a measure used to quantify a firm's effectiveness in extending credit and collecting debts. It is computed by dividing Sales by Average Accounts Receivable. This formula indicates how quickly a company collects on its credit sales.An accrued expense best describes an amount not paid and currently matched with earnings. In business accounting, accrued expenses are those expenses that have been incurred, but not yet paid. These are calculated and recognized in the books, even if the payment hasn't been made. That is why they are also matched with earnings. An example might be wages for employees that have been earned but not yet paid out. Therefore, the correct answer is A. Not paid and currently matched with earnings.For example, if a company has total sales of $100,000 and its average accounts receivable is $20,000, the Accounts Receivable Turnover would be 5 ($100,000 / $20,000). This means the company collects its average receivable 5 times in a given year.
An accrued expense best describes an amount not paid and currently matched with earnings. In business accounting, accrued expenses are those expenses that have been incurred, but not yet paid. These are calculated and recognized in the books, even if the payment hasn't been made. That is why they are also matched with earnings. An example might be wages for employees that have been earned but not yet paid out. Therefore, the correct answer is A. Not paid and currently matched with earnings.
#SPJ6
Answer:
Explanation:
Pretrial Stage - discovery process, finding of facts. ... Trial Stage - seating of the jury, testimony on behalf of the plaintiffs and testimony on behalf of the defendants
Answer:
Pretrial Stage - discovery process, finding of facts. ... Trial Stage - seating of the jury, testimony on behalf of the plaintiffs and testimony on behalf of the defendants.
Answer:
Journal Entry
Debit Work-in-Process $388,284
Credit Manufacturing Overhead $388,284
To record the application of factory overhead costs for the year.
Explanation:
a) Data and Calculations:
Estimated factory overhead costs = $348,400
Estimated direct labor hours = 47,000
Predetermined overhead rate = $7.41 ($348,400/47,000)
Actual overhead costs = $304,000
Actual direct labor hours = 52,400
Applied overhead costs = $388,284 (52,400 * $7.41)
b) The overhead applied to the production for the year will be the actual direct labor hours by the predetermined overhead rate. This yields a cost that is greater than the actual overhead costs, which means that the manufacturing overhead was overapplied. The cause of this situation is the number of actual direct labor hours worked vis-a-vis the actual overhead costs and the predetermined rate.
Answer:
A 15-year mortgage monthly payments is: $1,496.5
A 30-year mortgage monthly payments is: $1,060.1
=> The difference of monthly payment between the two options is: $436.4 ( $1,496.5 - $1,060.1) where the monthly payment of the option of 15-year mortgage is higher.
Explanation:
The borrowed amount in both options is : $250,000 * 80% = $200,000;
* A 15-year mortgage monthly payments is:
We have (1+APR) = ( 1 + Monthly Interest rate)^12 <=> 1.0425 = ( 1 + Monthly Interest rate)^12 <=> Monthly Interest rate = 0.3475%;
Amount of payment periods = 15 * 12 = 180
=> Monthly payment = (200,000 * 0.3475%) / [ 1 - 1.003475^(-180) ] = $1,496.5
* A 30-year mortgage monthly payments is:
We have (1+APR) = ( 1 + Monthly Interest rate)^12 <=> 1.05 = ( 1 + Monthly Interest rate)^12 <=> Monthly Interest rate = 0.4074%;
Amount of payment periods = 30 * 12 = 360
=> Monthly payment = (200,000 * 0.4074%) / [ 1 - 1.004074^(-360) ] = $1,060.1