Devin invested $750 in a CD that pays 6% simple interest, calculated quarterly. How much money will Devin earn in 3 years?

Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials a

Marina CMI [18]

Answer:

Both the department entries are posted.

Explanation:

Harrelson Company

General Journal

Date Account Titles and Explanation Debit Credit

April 30 Work In Process Cooking 22,800

Work In Process Canning 10,900

Direct Materials Inventory 33700

(To record materials used)

30 Work In Process Cooking 9,430

Work In Process Canning 7,230

Direct Labor 16,660

(To assign factory labor to production)

30 Work In Process Cooking 33,800

Work In Process Canning 28,100

Manufacturing Overhead 61900

(To assign overhead to production)

30 Work In Process Canning 55,900

Work In Process Cooking 55,900

(To record costs transferred in) Assuming Canning is the second department and cooking is the first. So costs are transferred from the first to the second department.

8 0

2 years ago

Bill Phillips is developing a Monte Carlo simulation to value a complex and thinly traded security. Phillips wants to model one

olchik [2.2K]

Answer: Both of them

Explanation:

The Monte Carlo Simulation is a forecasting technique that allows one to find out the probability of occurence of different outcomes which may be difficult to come up with because there are multiple random variables involved.

Monte Carlo simulations are used in many diverse fields such as Finance, Engineering and Science.

As earlier mentioned, this simulation allows for multiple random variables so Phillips can use it to model both the variables to have different characteristics.

5 0

2 years ago

Filter the data in place so that only rows where the category value is meals and the cost value is greater than 20 are shown. th

Anestetic [448]

Explanation:

To find :

Filter the data in order such that only rows where the sum of the type is food and the sum of the amount is greater than 20 are displayed. The selection of requirements has been set for you in cells a1:c2.

Now,

You clicked the Advanced button on the Data Ribbon Tab in the Sort & Filter Ribbon Section.

You tapped on cell A1.

You pressed the OK button in the Advanced Filter window.

4 0

2 years ago

A Process Breakdown Structure can provide a reasonable alternative to a Work Breakdown structure for an extensive development pr

creativ13 [48]

Answer: phase exit criteria is firmly establish

Explanation:

A work breakdown structure simply has to do with the completion of tasks in order to get the final product. The aim of the work breakdown structure is to keep project members focused and achieve their goals.

Process Breakdown Structure can provide a reasonable alternative to a work breakdown structure for an extensive development project if the phase exit criteria is firmly establish.

6 0

2 years ago

Galvatron Metals has a bond outstanding with a coupon rate of 6.3 percent and semiannual payments. The bond currently sells for

monitta

Answer:

4.09%

Explanation:

For computing the after cost of debt we have to applied the RATE formula i.e to be shown in the attachment below:

Given that,

Present value = $1,919

Future value or Face value = $2,000

PMT = 2,000 × 6.3% ÷ 2 = $63

NPER = 17 years × 2 = 34 years

The formula is shown below:

= Rate(NPER,PMT,-PV,FV,type)

The present value come in negative

So, after applying the above formula,

1. The pretax cost of debt is 3.35% × 2 = 6.70%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 6.70% × ( 1 - 0.39)

= 4.09%

5 0

2 years ago