Answer:
The monthly deposit is calculated using PMT function :
rate = 1.2%/2 (converting annual rate into monthly rate)
nper = 12 * 5 (5 years of deposits with 12 monthly deposits each year)
pv = -3200 (Amount put into account now. This is entered with a negative sign because it is a cash outflow)
fv = 26865 (Required value of account after 5 years)
PMT is calculated to be $379.70.
The monthly deposit is $379.70.
Answer:
1. fixed and indirect
2. variable and direct
3. variable and direct
4. fixed and indirect
5. fixed and indirect
6. variable and direct
Explanation:
<u>Fixed and variable costs</u>
A fixed cost is expected to be constant for a short term period whilst a variable cost is expected to vary in direct proportion to the number of units produced in this case it is the individual classes.
Depreciation expense on classroom building and on computers is a fixed cost that is expected to remain constant and the instructor wage varies with the number of classes thus a variable cost.
<u>Direct and Indirect costs</u>
A direct cost can be directly traced to the cost object by observation whist the indirect cost can not be directly traced on a cost object.
The instructors wage is a direct cost, his effort is seen with the success of the classes whist the depreciation expenses are indirect costs.
Answer:
C. If consumers are informed about products, prices, and costs across countries
D. If consumers are particularly important to the seller
YES. As having a complete information will allow for arbitrage between areas and if they are a big fish of the seller business the seller will be less likely to roll-over the consumer in negociation.
Explanation:
A. If switching to competing brands or substitutes is expensive
NO. If switching is expenses then, the exit-barrier is higer thus, less bargaining power as we are less likely to leave
E. If consumer demand is rising
NO. Is demand rises then the supplier will have bargain power as it has where to sale the product if we leave
Answer:
$31,000; $10,000
Explanation:
Given that,
Fair value of the equipment = $22,000
Book value of the equipment = $12,000
Original cost of the equipment = $45,000
Accumulated depreciation = $33,000
Fair value of delivery truck:
= Cash paid to Midwest Chicken for delivery truck apart from equipment + Fair value of equipment sold in exchange
= $9,000 + $22,000
= $31,000
Gain recognize on exchange:
= Fair value of equipment given in exchange - Book value of equipment
= $22,000 - $12,000
= $10,000
Answer:
Total cost= $3,595
Explanation:
Giving the following information:
Estimated fixed overehad= $155,000
Estimated variable manufacturing overhead= $3.40 per machine-hour
Estimated machine-hours= 50,000
Job A881:
Total machine-hours 100
Direct materials $645
Direct labor cost $2,300
First, we need to calculate the predetermined overhead rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= (155,000/50,000) + 3.4
Estimated manufacturing overhead rate= $6.5
Total cost= direct material + direct labor + allocated overhead
Total cost= 645 + 2,300 + (6.5*100)
Total cost= $3,595
