A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 70% complete. The planners were expecting to be only57% through the third activity at this time. The first activity involves prepping the site for the bridge. It was expected that this would cost $1,427,000 and it was done for only $1,307,000. The second activity was the pouring of concrete for the bridge. This was expected to cost $10,507,000 but was actually done for $9,007,000. The third and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,507,000. To date, they have spent $5,007,000 on the superstructure. Calculate the schedule variance, schedule performance index, and cost performance index for the project to dat

Answers

Answer 1

Answer:

Schedule variance = $1,105,910

Schedule performance index = 1.066

Cost performance index = 1.168

Explanation:

Note: The requirement of the question is not complete. The complete requirement is therefore provided before answering the question.

Calculate the schedule variance, schedule performance index, and cost performance index for the project to date. (Round your "performance index" values to 3 decimal places.)

The explanation of the answers is now provided as follows:

Budgeted cost of work schedule = Expected cost of first activity + Expected cost of second activity + (Expected cost third activity * Expected percentage of completion) = $1,427,000 + $10,507,000 + ($8,507,000 * 57%) = $16,782,990

Budgeted cost of work performed = Expected cost of first activity + Expected cost of second activity + (Expected cost third activity * Actual percentage completed) = $1,427,000 + $10,507,000 + ($8,507,000 * 70%) = $17,888,900

Actual cost to date = Actual cost of first activity + Actual cost of second activity + Actual amount spent on third activity to date = $1,307,000 + $9,007,000 + $5,007,000 = $15,321,000

Therefore, we have:

Schedule variance = Budgeted cost of work performed - Budgeted cost of work schedule = $17,888,900 - $16,782,990 = $1,105,910

Schedule performance index = Budgeted cost of work performed / Budgeted cost of work schedule = $17,888,900 / $16,782,990 = 1.066

Cost performance index = Budgeted cost of work performed / Actual cost to date = 1.168


Related Questions

E15.1B (L0 1) (Recording the Issuances of Common Stock) During its first year of operations, Endevor Corporation had the following transactions pertaining to its common stock. Apr. 26 Issued 15,000 shares for cash at $4.50 per share. May 11 Issued 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate. Aug. 1 Issued 20,000 shares for cash at $5 per share. Nov. 1 Issued 10,000 shares for cash at $7 per share. Instructions (a) Prepare the journal entries for these transactions, assuming that the common stock has a par value of $1 per share. (b) Prepare the journal entries for these transactions, assuming that the common stock is no par with a stated value of $3 per share.

Answers

Answer:

Endevor Corporation

Journal Entries:

a) Assuming that the common stock has a par value of $1 per share

Apr. 26 Debit Cash $67,500

Credit Common stock $15,000

Credit APIC $52,500

To record the issue of 15,000 shares for cash at $4.50 per share.

May 11 Debit Attorneys' fees $48,000

Credit Common stock $10,000

Credit APIC $38,000

To record the issuance of 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate.

Aug. 1 Debit Cash $100,000

Credit Common stock $20,000

Credit APIC $80,000

To record the  issuance of 20,000 shares for cash at $5 per share.

Nov. 1 Debit Cash $70,000

Credit Common stock $10,000

Credit APIC $60,000

To record the issuance of issuance of 10,000 shares for cash at $7 per share.

b) Assuming the common stock is no par with a stated value of $3 per share:

Apr. 26 Debit Cash $67,500

Credit Common stock $45,000

Credit  APIC $22,500

To record the issue of 15,000 shares for cash at $4.50 per share.

May 11 Debit Attorneys' fees $48,000

Credit Common stock $30,00

Credit APIC $18,000

To record the issuance of 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate.

Aug. 1 Debit Cash $100,000

Credit Common stock $60,000

Credit APIC $20,000

To record the issuance of 20,000 shares for cash at $5 per share.

Nov. 1 Debit Cash $70,000

Credit Common stock $30,000

Credit APIC $40,000

To record the issuance of 10,000 shares for cash at $7 per share.

Explanation:

a) Data and Analysis:

a) Assuming that the common stock has a par value of $1 per share

Apr. 26 Cash $67,500 Common stock $15,000 APIC $52,500 for the issue of 15,000 shares for cash at $4.50 per share.

May 11 Attorneys' fees $48,000 Common stock $10,000 APIC $38,000 issuance of 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate.

Aug. 1 Cash $100,000 Common stock $20,000 APIC $80,000 issuance of 20,000 shares for cash at $5 per share.

Nov. 1 Cash $70,000 Common stock $10,000 APIC $60,000 issuance of 10,000 shares for cash at $7 per share.

b) Assuming the common stock is no par with a stated value of $3 per share:

Apr. 26 Cash $67,500 Common stock $45,000 APIC $22,500 for the issue of 15,000 shares for cash at $4.50 per share.

May 11 Attorneys' fees $48,000 Common stock $30,000 APIC $18,000 issuance of 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate.

Aug. 1 Cash $100,000 Common stock $60,000 APIC $20,000 issuance of 20,000 shares for cash at $5 per share.

Nov. 1 Cash $70,000 Common stock $30,000 APIC $40,000 issuance of 10,000 shares for cash at $7 per share.

Leon and Beth own 1/13 of a timeshare estate. They own weeks 20 and 21, and also weeks 40 and 41. These weeks are inheritable. What type of ownership is this

Answers

Answer: Fee simple.

Explanation:

The type of ownership applicable in this case is the fee simple ownership. The fee simple refers to a term in real estate such that the property owner has full ownership of the land as well as any buildings that are on such land and can do what he or she wishes on the land.

Based on the information given, since we are informed that Leon and Beth own 1/13 of a timeshare estate and own some particular weeks which are inheritable, thus is called the fee simple.

NAME During August, the following transactions were recorded at Gurdeep Corporation. The company uses process costing. (1) Raw materials that cost $24,500 are withdrawn from the storeroom for use in the Assembly Department. All of these raw materials are classified as direct materials. (2) Direct labor costs of $29,000 are incurred, but not yet paid, in the Assembly Department. (3) Manufacturing overhead of $58,900 is applied in the Assembly Department using the department's predetermined overhead rate. (4) Units with a carrying cost of $101,200 finish processing in the Assembly Department and are transferred to the Painting Department for further processing. (5) Units with a carrying cost of $106,100 finish processing in the Painting Department, the final step in the production process, and are transferred to the finished goods warehouse. (6) Finished goods with a carrying cost of $95,100 are sold. Required: Prepare journal entries for each of the transactions listed above. Account Description Debit $ Credit $ (1) To record direct materials issued to production Account Description Debit $ Credit $ (2) To record direct labor costs incurred but not paid. Account Description Debit $ Credit $ (3) To record application of manufacturing overhead Account Description Debit $ Credit $ (4) To record cost of goods completed by Assembly and transferred to Painting Account Description Debit $ Credit $ (5) To record cost of goods completed in Painting and transferred to Finished Goods warehouse Account Description Debit $ Credit $ (6) To record cost of goods sold

Answers

Answer:

Gurdeep Corporation

Journal Entries:

Account Titles                             Debit           Credit

(1) Work in Process (Assembly) $24,500

Raw Materials                                               $24,500

To record direct materials issued to production.

Account Titles                             Debit           Credit

(2) Work in Process (Assembly) $29,000

Payroll Payable                                             $29,000

To record direct labor costs incurred but not paid.

Account Titles                             Debit           Credit

(3) Work in Process (Assembly) $58,900

Manufacturing Overhead                             $58,900

To record application of manufacturing overhead.

Account Titles                             Debit           Credit

(4) Work in Process (Painting) $101,200

Work in Process (Assembly)                          $101,200

To record cost of goods completed by Assembly and transferred to Painting.

Account Titles                             Debit           Credit

(5) Finished Goods Inventory $106,100

Work in Process (Painting)                            $106,100

To record cost of goods completed in Painting and transferred to Finished Goods warehouse.

Account Titles                             Debit           Credit

(6) Cost of Goods Sold            $95,100

Finished Goods Inventory                           $95,100

To record cost of goods sold

Explanation:

a) Data and Analysis:

(1) Work in Process (Assembly) $24,500 Raw Materials $24,500

(2) Work in Process (Assembly) $29,000 Payroll Payable $29,000

(3) Work in Process (Assembly) $58,900 Manufacturing Overhead $58,900

(4) Work in Process (Painting) $101,200 Work in Process (Assembly) $101,200

(5) Finished Goods Inventory $106,100 Work in Process (Painting) $106,100

(6) Cost of Goods Sold $95,100 Finished Goods Inventory $95,100

Bellingham Company produces a product that requires 6 standard pounds per unit. The standard price is $3 per pound. If 4,800 units required 29,700 pounds, which were purchased at $2.88 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance $fill in the blank 1 b. Direct materials quantity variance $fill in the blank 3 c. Total direct materials cost variance $fill in the blank 5

Answers

Answer:

Results are below.

Explanation:

To calculate the direct material price and quantity variance, we need to use the following formulas:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (3 - 2.88)*29,700

Direct material price variance= $3,564 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (6*4,800 - 29,700)*3

Direct material quantity variance= (28,800 - 29,700)*3

Direct material quantity variance= $2,700 unfavorable

Now, the total direct material variation:

total direct material variation= 3,564 - 2,700

total direct material variation= $864 favorable

Based on the following information from Scranton Company's balance sheet, calculate the current ratio.

Current assets $87,000
Investments 50,000
Plant assets 220,000
Current liabilities 39,000
Long-term liabilities 90,000
Retained earnings 228,000

Answers

Answer:

2.23

Explanation:

Calculation to determine the current ratio

Using this formula

Current Ratio = Current Assets / Current Liabilities

Where,

Current Assets = $87,000

Current Liabilities = $39,000

Let plug in the formula

Current Ratio = $87,000 / $39,000

Current Ratio = 2.23

Therefore Current Ratio is 2.23

"A corporation has annual sales of​ $18 million, total assets of​ $4 million, a debt ratio of​ 40%, depreciation expense of​ $200,000, and a tax rate of​ 40%. The​ corporation's total​ stockholders' equity is equal to"

Answers

Answer:

$2.4 million

Explanation:

The total assets of the firm are funded by both debt and equity,hence, the total assets is the same as total equity plus total debt based on the accounting equation formula below:

total assets=equity+debt

tota assets=$4 million

equity=unknown

debt can be  derived using the debt ratio as shown thus:

debt ratio=debt/total assets

debt ratio=40%

debt=unknown

total assets=$4 million

40%=debt/$ 4 million

debt=40%*$4 million

debt=$1.6 million

$4 million=equity+$1.6 million

equity=$4 million-$1.6 million

equity =$2.4 million

Estrada Corporation produced 204,000 watches that it sold for $18 each. The company determined that fixed manufacturing cost per unit was $9 per watch. The company reported a $816,000 gross margin on its financial statements. Required Determine the variable cost per unit, the total variable product cost, and the total contribution margin.

Answers

Variable cost per unit

Total sales 204,000 x $18 = $3,672,000

Gross margin (given) $816,000

COGS=Total Sales -Gross Margin ($3,672,000-816,000)= $2,856,000

Total Fixed Cost 204,000 x $9 = $1,836,000

COGS Total variable cost + total fixed cost 2,856,000-1,836,000=$1,020,000

variable cost per unit (1020,000/204,000)= $5

Contribution margin $2,652,000

Total variable cost = $1,020,000Total variable cost = $5Contribution margin = $2,652,000

Given:

Number of watch produced = 204,000

Selling price of each watch = $18

Fixed cost = $9 per watch

Gross margin = $816,000

Find:

Variable cost per unit

Total variable product cost

Total contribution margin

Computation:

Total sales Value = 204,000 × $18

Total sales Value = $3,672,000  

Cost of goods sold = Total Sales - Gross Margin

Cost of goods sold = $3,672,000 - $816,000

Cost of goods sold = $2,856,000  

Total Fixed Cost = 204,000 × $9

Total Fixed Cost = $1,836,000  

Cost of goods sold = Total variable cost + Total fixed cost

So,

Total variable cost = $2,856,000 - $1,836,000

Total variable cost = $1,020,000

Variable cost per unit  = $1020,000 / 204,000

Total variable cost = $5  

Contribution margin = $3,672,000 - $1,020,000

Contribution margin = $2,652,000

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A business's source documents:_____.A. Must be in electronic form. B. Include the ledger. C. Provide objective evidence that a transaction has taken place. D. Are records of all increases and decreases in specific asset. E. Include the chart of accounts.

Answers

C. Provide objective evidence that a transaction has taken place.

Suppose management estimated the market valuation of some obsolete inventory at $99,000; this inventory was recorded at $120,000, which resulted in recognizing a loss of $21,000. The auditors obtained the following information: The inventory in question could be sold for an amount between $78,000 and $92,000. The costs of advertising and shipping could range from $5,000 to $7,000.

Required:
a. Would you propose an audit adjustment to the management estimate?
b. Prepare the appropriate accounting entry.

Answers

Answer:

a. An audit adjustment is needed since the best case scenario, where the net realizable value is highest would result in $92,000 - $5,000 = $87,000.

b. the value of inventory must decerase by $99,000 - $87,000 = $12,000, so COGS must increase by that amount:

Dr Cost of goods sold 12,000

    Cr Merchandise inventory 12,000

How does Porter characterize the industrial and trade potential of western New York and the Midwest? What does he argue will help the region realize that full potential?

Answers

Answer:

Porter market forces will helps in realizing the full potential.

Explanation:

M. porter characterized the industrial and trade potentialities of western new York and Midwest as these region will help to increase in globalization and industrial development of the nation. The factors like the bargaining power of buyers and suppliers and threat of substitutes create a market full of competition.

Match the elements of the marketing mix to the scenarios that portray them.
product
price
place
promotion
price-a company decides on the worth of a product, keeping in mind the disposable income of its customers.

promotion-a company raises awareness about a revolutionary medication that guarantees reduction in hair loss

product-something offered to customers in return for a pre-decided value

place-the most feasible location for selling the goods

Answers

place

promotion

price

product

Assume that the demand for bicycles increases significantly at the same time that there is an increase in the number of people qualified to make bicycles. What would happen to the market equilibrium quantity of labor and wage rate for the labor to produce bicycles

Answers

Answer: The quantity of labor increases, and the effect on the wage rate is indeterminate.

Explanation:

The supply of people who can make bicycles has increased at the same time the demand for bicycles has increased. The supply curve would therefore shift to the right and so would the demand curve for labor. They will intersect at a new point where the quantity of labor has now increased.

Unfortunately, the effect on the wag rate would be indeterminate because the wage rate might just stay the same on account of the supply increasing along with the demand instead of either of them increasing unilaterally. When tis happens, the change is said to be indeterminate.

In an indirect message, valid reasons for the refusal are presented before the bad news. Which option is most effective

Answers

Answer:

Following are the response to the given question:

Explanation:

The oblique message attempts to soften a piece of bad news, in order to achieve this aim, a soothing discourse sends the message describing why the negative stuff was being reported prior to hit the fact and minimizing its effect. Throughout the case of transmitting bad news, indirect speech is better accepted, because persons tend to better accept the explanation. So letter c matches an oblique speech better effectively, that's why These acceptability guidelines for the used computer hardware would have to be established since only new computers offer guarantees, young elite, and matching devices.

Assume that your company is considering switching to cloud computing for some of its services. Some people on the team are worried about security. What are some things that you can do to minimize the potential security disadvantages?

Answers

Answer:

See the explanation below.

Explanation:

Cloud computing can be described as the on-demand availability of computer system resources, particularly data storage and computational power, without the user having to manage them directly.

The potential security disadvantages of cloud computing can be minimized by doing the following:

a. Teach effective protection techniques to other members of the team and staff.

b. To ensure that internal and external data privacy regulations are followed, ensure that you in place the correct cloud application governance mechanism.

c. Make sure you have a backup plan in place. This ensures that you have a secure backup of your data in the event that something goes wrong.

d. To manage risk, implement access controls. Even for external identities, link user identities to backend folders.

e. Encrypt data and text before transmitting it, and store the keys that encrypt and decrypt it.

f. To keep hackers at bay, create unique, one-of-a-kind passwords.

g. Penetration testing should be employed to test your security measures. Penetration testing is an IT security practice that aims to find and fix flaws as well as reduce cloud security risks.

According to this __________ perspective, international trade is unfair. The international system is inherently biased against developing countries.

Answers

Answer:

structuralism

Explanation:

The theory approach with respect to the social structure is known as the structuralism that studied the non-conscious regularities of expression done by the human i.e. it is non-observable structure that contains observable impact on the behavior, society & the culture

So as per the given situation, it is a structuralism

And, the same should be considered

Suppose a State of Nevada bond will pay $1,000 eight years from now. If the going interest rate on these 8-year bonds is 5.5%, how much is the bond worth today

Answers

Answer:

$651.60

Explanation:

the worth of the bond today can be determined by calculating the present value of the bond's cash flow

Present value is the sum of discounted cash flows

Present value = cash flow / (1 + r)^n

r = interest rate

n = years

1000 / ( 1.055)^8 = $651.60

When Susan, the CEO of Gregarious Simulation Systems, expanded her operations to a different international market, she was surprised to see how little competition she faced. In her home country, the competition for simulation systems is incredibly fierce. As a result of her international expansion, her firm has been able to easily position themselves as a major player. Which of the four categories of Porter's Diamond framework best explains this advantage?

a. competitive intensity in the focal industry
b. related and supporting industries/complementors
c. demand conditions
d. factor conditions

Answers

Answer: A competitive intensity in the focal industry.

Explanation:

Porter's competitive intensity explains the level of rivalry that exists in a particular industry. The competitive intensity is influenced by different factors, such as the fixed cost, concentration of the industry, switching cost, rate of industrial growth etc.

Therefore, from the information given, since the company expanded her operations to a different international market, and the subsequent little competition that was faced, this is explained by the competitive intensity in the focal industry.

Therefore, the correct option is A.

i have a resturant which is famous for hydrabdi biryani but the ingredients are not avilable in the resturant suddenly if the guest will be came how i will manage it

Answers

you could say to the customer “sorry there is none available at the moment” and for them to come back and not be disappointed you can give them a discount voucher , therefore minimising the chance of that customer not returning.
by entertaining them forgot in talk always smile tell to wait

Give the six steps involved in the decision making process​

Answers

Answer:

DECIDE

Explanation:

D - define the problem

E - establish the criteria

C - consider all alternatives

I - identify the best alternative

D - develop and implement a plan of action

E - evaluate and monitor the solution and give feedback when necessary

hope this helps please like and mark as brainliest

who is the richest person in the world ?​

Answers

Answer:

Jeffrey Preston Bezos

Explanation:

Jeffrey Preston Bezos is an American investor, business tycoon, media proprietor, and he is founder and executive chairman of Amazon. Although, he had served as the chief executive officer (CEO), president and chairman of Amazon before becoming its executive chairman.

He was born on the 12th of January, 1964 in Albuquerque, New Mexico, United States of America.

According to Forbes magazine, Jeff currently has an estimated net worth of two hundred and five (205) billion dollars, making him the richest man in the world and on Earth.

In conclusion, Jeffrey Preston Bezos is the richest person in the world.

_____ cannot monitor personal email accounts.

1. Spouses
2. Colleagues
3. Employers
4. Trade association

Answers

the answer is colleagues

Colleagues cannot monitor personal email accounts. Hence, option A is correct.

What is Colleagues?

A colleague is someone with whom you share a workplace or who is in the same profession as you, particularly a peer in the same field. Colleagues are also known as coworkers or coworkers of the same employer as people.

Today, coworker is more often used to describe people who share a workplace or tasks, whereas colleague is more often used to describe people who work in the same industry but for different companies.

People's coworkers are the people you work with, particularly in a professional context. He took a flight from Lisbon to Split without consulting his coworkers. A coworker suggested that he see a psychiatrist, but Faulkner declined.

Thus, option A is correct.

For more information about Colleagues, click here:

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Grace Company gathered the following reconciling information in preparing its July bank reconciliation: Cash balance per books, 7/31 $4,500 Deposits in transit 150 Notes receivable and interest collected by bank 850 Bank charge for check printing 20 Outstanding checks 2,000 NSF check 170 The adjusted cash balance per the books on July 31 is____.a. $5,010.
b. $3,310.
c. $3,460.
d. $5,160.

Answers

Answer:

d. $5,160

Explanation:

Calculation to determine what The adjusted cash balance per the books on July 31 is

Cash balance per books, 7/31 $4,500

Add Notes receivable and interest collected by bank $850

Less Bank charge for check printing ($20)

Less NSF check ($170)

Cash balance per the books on July 31 $5,160

Therefore The adjusted cash balance per the books on July 31 is $5,160

Buff Company had average operating assets of $580,000 and sales of $196,000 last year. If the controllable margin was $26,000, what was the ROI

Answers

Answer:

4.5

Explanation:

The average operating assets is $580,000

The sales from last year is $196,000

The controllable margin was $26,000

Therefore the ROI can be calculated as follows

= 26,000/580,000

= 0.045×100

= 4.5

Hence the ROI is 4.5%

An investor purchases one municipal and one corporate bond that pay rates of return of 8% and 10% respectively. If the investor is in the 15% tax bracket, his after tax rates of return on the municipal and corporate bonds would be respectively:______.a. 6.4% and 8%.
b. 6.8% and 10%.
c. 8% and 8.5%.
d. 8% and 10%.

Answers

Answer:

c. 8% and 8.5%

Explanation:

Calculation to determine his after tax rates of return on the municipal and corporate bonds would be respectively:

Tax rates of return on the municipal=8%*(1-0)

Tax rates of return on the municipal=8%

Tax rates of return on corporate bonds=

10*(1-15%)

Tax rates of return on corporate bonds=10*0.85

Tax rates of return on corporate bonds=8.5%

Therefore his after tax rates of return on the municipal and corporate bonds would be respectively:8% and 8.5%

Do you think the phases work the same in construction as they do in event management or software development

Answers

Answer:

Yes

Explanation:

It is true that phases work the same in construction as they do in event management or software development because:

The constitution project phase defines and orchestrates the technical and methodical concept for the whole project including the design stage to the completion; It is a significant aspect to total completion and successful delivery of a construction project.

Typically, construction phases are commonly split into 4 vital phases including Planning, Preconstruction, Construction, and Close-out.

Hence, if a particular phase is missed or jumped over, there may be a problem, or the whole project will be jeopardized

Reedy Company reports the following information for 2012:
Cost of goods manufactured $68,250
Direct materials used 27,000
Direct labor incurred 25,000
Work in process inventory, January 1, 2012 11,000
Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31, 2012, is:________
a. $16,250
b. $8,500
c. $18,750
d. $13,500

Answers

Answer:

Ending WIP= $13,500

Explanation:

First, we need to calculate the factory overhead:

Factory overhead= 25,000*0.75= $18,750

Now, the ending WIP inventory:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

68,250 = 11,000 + 27,000 + 25,000 + 18,750 - Ending WIP

Ending WIP= $13,500

Lusk Corporation produces and sells 15,400 units of Product X each month. The selling price of Product X is $24 per unit, and variable expenses are $18 per unit. A study has been made concerning whether Product X should be discontinued. The study shows that $73,000 of the $104,000 in monthly fixed expenses charged to Product X would not be avoidable even if the product was discontinued. If Product X is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:_______.
a. ($61,400)
b. $11,600
c. $42,600
d. ($42,600)

Answers

Answer: A

Explanation: 61,400 hope you have a great day

A project with an initial investment of $460,100 will generate equal annual cash flows over its 11-year life. The project has a required return of 8.2 percent. What is the minimum annual cash flow required to accept the project

Answers

Answer: $65,075.85

Explanation:

Given that the cash flow should be constant, it will be an annuity.

The initial investment will be the present value of this annuity.

Present value of annuity = Annuity * ( 1 - (1 + rate)^-number of periods) / rate

460,100 = Annuity * ( 1 - (1 + 8.2%) ⁻¹¹) / 8.2%

460,100 = Annuity * 7.070211525

Annuity = 460,100 / 7.070211525

= $65,075.85

Find the percentage change in price in each of the following examples using the mid-point method.
Instructions: Round your answers to two decimal places. If you are entering a negative number be sure to include a negative sign (-) in front of that number.
a. The price of a $4 sandwich increases to $5: percent
b. A sale discounts the price of a sofa from $750 to $500: percent

Answers

Answer:

0.22

-0.40

Explanation:

midpoint change in price = change in price / average of both price

a. change in price =  (5 - 4) = 1

average of both prices = 0.5 (4 + 5) = 4.50

midpoint change in price = 1/ 4.5 = 0.22

b.  change in price = (500 - 750) = -250

average of both prices = 0.5(750 + 500) = 625

-250 / 625 = -0.4

MC Qu. 90 Sea Company reports the following information... Sea Company reports the following information regarding its production costs: Units produced 46,000units Direct labor$39per unit Direct materials$32per unit Variable overhead$21per unit Fixed overhead$115,000in total Compute the product cost per unit under absorption costing.

Answers

Answer:

Unit product cost= $94.5

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unit product cost= direct material + direct labor + total unitary overhead

Total unitary overhead= 115,000 / 46,000= $2.5

Unit product cost= 39 + 32 + 21 + 2.5

Unit product cost= $94.5

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