Answer:
rate set by first complex bank is = 5.07 %
Explanation:
given data
simple interest = 6.4 %
investment time = 10 year
solution
we consider here first total interest on the amount $100 paid as simple interest is for 10 year will be
interest = $100 × 6.4% × 10
interest = $64
so future value will be = $100 + $64 = $164
so now we consider rate of interest = r
so that now we apply here future value formula
future value = investment × 
...............1
$164 = $100 × 
1.64 =
solve it we get
r = 0.05071
so rate set by first complex bank is = 5.07 %
Answer:
Unit cost 82
Explanation:
Vaiable cost per unit:
materials 49
Labor 28
Variable OH 5
Unit cost 82
<em>The variable selling and administrative expense</em> will be listed in the income statemnt as part of the variables cost to determinate the contribution, but it is not part of the production cost, <u>it doesn't activate through inventory.</u>
Answer:
$656,000 and $465,300
Explanation:
The computation of the product cost is shown below:
= Direct materials used + Direct labor + variable manufacturing overhead + fixed manufacturing overhead
= $56,000 + $179.000 + $154,000 + $267,000
= $656,000
The computation of the period cost is shown below:
= Variable selling cost + fixed selling cost +
Administrative costs
= $108,400 + $121,000 + $235,900
= $465,300
The appropriate response is exceedingly organized choices. Choices can change from organized to unstructured. They can be separated in that organized choices have a very much characterized technique for finding an answer and have the information to achieve choices.
Answer:
<h2>The accounting scandals of the early 2000s</h2>
led many people to question the legitimacy of:
allowing an accounting firm to do both consulting and auditing work for the same company.
Explanation:
1) Enron and WorldCom fell from grace during the scandal. And Sarbanes Oxley Act of 2002 was introduced to regulate the practise of auditing, which was before self-regulated.
2) People felt that accounting firms were getting so much revenue from consulting that they did not pay much attention to their auditing work.
3) They also felt that the consulting relationship was jeopardizing their responsibilities and commitments as independent auditors.
4) Since they were involved in consulting and offering management services, they paid a lip service to their main responsibilities and directly compromised their positions as verifiers of the truth and fairness in the presentation of financial statements.
5) According to Paul Krugman of The New York Times, “the Enron debacle is not just the story of a company that failed; it is the story of a system that failed. And the system didn’t fail through carelessness or laziness; it was corrupted.” People felt that the corruption arose from the performance of these separate services by the same auditing personnel and firm.
