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JulsSmile [24]
1 year ago
11

A dozen eggs cost $0.88 in january 1980 and $2.11 in january 2015.

Business
1 answer:
Lera25 [3.4K]1 year ago
6 0
Initial price = $0.88 (Jan. 1980)
Final price = $2.11 (Jan. 2015)

Change in price = $2.11 - $0.88 = $1.23
Percentage rise in price = 100(1.23/0.88) = 139.8% ≈ 140%
The average yearly rise in price = 139.8/(2015-1980) ≈ 4%

Answer:
Total percent rise in price = 140%
Average yearly rise in price = 4%
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Lisa [10]

Answer:

Product L= $34

Product H= $34

Explanation:

Giving the following information:

Product H is expected to sell 40,000 units next year and Product L is expected to sell 8,000 units.

A unit of either product requires 0.4 direct labor-hours.

Estimated overhead= $1,632,000. R

First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 1,632,000/(48,000*0.4)

Estimated manufacturing overhead rate= $85 per direct labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

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2 years ago
You plan to work for Strickland Corporation for 12 years after graduation and after that want to start your own business. You ex
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Answer:

d. $277,797

Explanation:

Savings = $7,500 for the first 6 years (t = 1 through t = 6)

Deposits = $15,000 for the following 6 years (t = 7 through t = 12)  

Gifts = $25,000

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Calculation of the Final Amount by Savings, Deposits and Gifts:

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Interest rate                   9.0%  

1st Annuity (Savings)     $7,500          $56,425 - Compounded at 9%  2nd Anuuity (Deposits)   $15,000                   NA  

Gift                                   $25,000                   NA  

Total Years                        12  

Annuity years                        6

Amount at the end of year 12

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           $112,850

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Final Amount: $277,797

Therefore, $277,797 is the final amount which you will have when you start your business 12 years from now.

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2 years ago
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