Answer:
Borrowed amount = $5417
Explanation:
Discount note = 4%
This means that Kaylee has 100 - 4 = 96% of the borrowed amount at hand
Cash at hand = $5,200
Let the borrowed amount = X
Cash at hand = 96% of X
5200 = (96/100) * X
X = (5200 * 100)/96
X = $5417
Borrowed amount = $5417
<span>The final, printed version of the loan application is called the unfirom residential loan application or the 1004 mortage application form. This application is a five page application that the lender helps the borrower(s) fill out before making the purchase offical. All people that are going to be on the loan must fill out the form with all necessary information. </span>
Answer:
6.4 minutes
Explanation:
Average small tool per day = 445
working hours = 8 so that is 8*60 = (480 minutes)
Waiting time =
![\frac{[445*(\sqrt{1} )]}{[2*[480-(445*1)]]}](https://tex.z-dn.net/?f=%5Cfrac%7B%5B445%2A%28%5Csqrt%7B1%7D%20%29%5D%7D%7B%5B2%2A%5B480-%28445%2A1%29%5D%5D%7D)
(image of the operation on the attach file)
=[445]/[(2*35)]
=445/70
=6.357 minutes
Answer:
Lost contribution per unit = $56 per unit
Explanation:
The Division X is operating at less than full capacity, hence it has excess capacity of 600 units i.e (5000- 4,400)
This implies that it can only produce to meet the external and a portion of Division Y demand
Since Division X can only accommodate a portion of the internal demand, an opportunity would arise if it decides to meet all the request of Division Y.
Therefore, the minimum transfer price
minimum transfer price= Variable cost + a lost contribution from internal supply
The lost contribution represent the amount Division X would have made had sold the units to external buyers
Lost contribution per unit = $56 per unit
Answer:
$24 favorable
Explanation:
The formula to compute the variable overhead efficiency variance is shown below:
= (Actual machine hours - standard machine hours) × variable overhead per hour
where,
Actual machine hours is 2,270 machine hours
The standard machine hours is 2,280 hours and the standard variable manufacturing overhead rate is $2.40
Now put these values to the above formula
So, the value would equal to
= (2,270 hours - 2,280 hours) × $2.40
= $24 favorable
