Answer:
The amount to be paid for the contract today = $220,908.32
Explanation:
<em>The amount to be paid for the contract today will be equal to the present value of the annuity of $22,500 payable for 20 years discounted at a rate of 8% per annum.</em>
Present Value = A ×( 1 - (1+r)^(-n))/r
A- 22,500, r- rate of return - 8%, n -no of years 20 years
PV = 22,500 ×( 1-(1.08)^(-20) )/ 0.08
PV = 22,500 ×9.8181
PV = $220,908.32
The amount to be paid for the contract today = $220,908.32
Answer:
The overhead application rate is 1.8
Explanation:
In the question both the estimated and actual overhead cost , material and labor cost are provided -
ESTIMATED ACTUAL
Overhead cost $396,000 $418,000
Material cost $410,000 $413,200
Direct cost $220,000 $224,000
Overhead application rate can be calculated by dividing the total budgeted overhead cost by direct labor cost.
= Budgeted overhead cost / direct labor cost
= $396,000 / $220,000
= 1.8
Answer:
the income that recognized on this investment is $10,500
Explanation:
The computation of the income recognized on this investment for the year 2021 is shown below"
= dividend × share of ownership
while
The dividend is $70,000
And, the share of ownership is 15%
Now place these values to the above formula
= $70,000 × 15%
= $10,500
hence, the income that recognized on this investment is $10,500
Answer:
I took some work home because I had to meet an important deadline the next morning. If I am able to finish the work on time and do it correctly, then there is a chance of getting either a promotion or a pay raise. If I cannot complete it on time, I will not get fired, but any chances of a promotion or pay raise in the near will vanish.
Since I was working at home, I couldn't prepare anything for dinner, so I decided to buy food on a website and get it delivered home. I spent $20 on my dinner, even though I could have prepared a similar dinner for $5.
I was willing to pay for the expensive meal because the opportunity cost of preparing dinner instead was too high. I can afford to pay $15 more for eating, but I cannot afford to lose the opportunity of a promotion or a pay raise. Even if I do not get them immediately, not completing my job would have made it much harder to get it in the future.
My decision is rational because I was sacrificing a small amount of money in order to preserve something that is really valuable for me (promotion or pay raise).
All resources are scarce, and in this case, time was scarce. So I had to decide which action was more valuable and which action could yield a higher benefit.
<span>If airlines are going to mine data from a captive audience several thousand feet in the air then they need to make a bigger deal of noting it. Much like the safety demonstration, before take off they should include a brief statement and have a Q & A sheet in the seat back. In this day and age protecting personal information is a touchy subject and not everyone is aware of that. You would think with the negative press for airlines these days and the huge debacles of cyber attacks and information leaks that airlines would be a bit more transparent on this practice.</span>