Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet for the North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,600 helmets, using 2,664 kilograms of plastic. The plastic cost the company $20,246. According to the standard cost card, each helmet should require 0.65 kilograms of plastic, at a cost of $8.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,600 helmets? 2. What is the standard materials cost allowed (SQ × SP) to make 3,600 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance?

Answers

Answer 1

Answer and Explanation:

The computation is shown below;

1. The Standard quantity of kilogram for making 3,600 helmets is

= Number of helmets × number of kilograms required

= 3,600 × 0.65

= 2,340

2. The standard material cost is

= Standard quantity × standard price

= 2,340 × $8

= $18,720

3. Material spending variance is

= Plastic cost - standard material cost

= $20,246 - $18,720

= $1,526 unfavorable

4. The material price and quantity varaince is

Price variance

= Plastic cost - (number of plastic × cost)

= $20,246 - (2,664 × $8)

= $1,066 favorable

Quantity variance

= Standard Cost × (Actual quantity - standard quantity)

= $8 × (2,664 - 2,340)

= $2,592 unfavorable


Related Questions

ICOT Industries issued 28 million of its $1 par common shares for $492 million on April 11. Legal, promotional, and accounting services necessary to effect the sale cost $3 million. Required: 1. Prepare the journal entry to record the issuance of the shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

Answers

Answer:

Dr Cash $492

Cr Common stock $28

Cr PIC in excess of par 464

Dr PIC in excess of par $3

Cr Cash $3

Explanation:

Preparation of the Journal entry to record the issuance of the shares

Based on the information given we were told that the Industries issued 28 million of its $1 par common shares for the amount of $492 million on April 11 which means that the Journal entry will be:

Dr Cash $492

Cr Common stock $28

(28 million x $1)

Cr PIC in excess of par 464

($492-$28)

(To record the sale of the stock)

Based on the information given we were told that the Industries had Legal, promotional, and accounting services necessary to effect the sale cost of the amount of $3 million which means that the Journal entry will be:

Dr PIC in excess of par $3

Cr Cash $3

(To record the stock issue costs)

To arrive at an accurate balance on a bank reconciliation statement, a credit memorandum from the bank for the collection of a note and interest should be

Answers

Answer:

Must be added to the book balance.

Explanation:

The correct treatment would be to add this value to book balance because the bank has increased our bank balance by the note and interest amount. This must be accounted for as increase in the book balance because we have borrowed money and also that yearly interest income was also added to our bank checking account.

Hence it must be added to cash book balance in order to reconcile with the bank balance.

Ms. Ray is age 46 and single. Her employer made a $2,730 contribution to her qualified profit-sharing plan account, and she made the maximum contribution to her traditional IRA. Compute her IRA deduction if:

a. Ms. Ray's $50,000 salary is her only income item.
b. Ms. Ray's S64,250 salary is her only income item.
c. Ms. Ray's $64,250 salary and S 7,970 dividend income are her only income items.

Answers

Answer:

B

Explanation:

The GoT cups are a fast seller and you need to ensure that you have enough rolls of paper to fulfill demand. The first stage in the process is to determine the total cost of the current inventory ordering model. Given the following information, how many rolls should they order to minimize costs?H: $1.75 per unitD: 500 rolls per monthQ: 100 units ordered at a timeS: $25 per order

Answers

Answer:

EOQ = 414 rolls

Explanation:

In order to calculate the number of orders to minimize the cost, we should calculate that by using the Economic order quantity model.

DATA

Holding cost = $1.75/unit

Annual demand = 500 rolls x 12 = 6000 rolls

Ordering cost = $25

Formula

EOQ =[tex]\sqrt{\frac{2Cod}{Ch} }[/tex]

Where

Co = ordering cost

D = Annual demand

Ch = Holding cost

Solution

EOQ = [tex]\sqrt{\frac{2(6000)(25)}{1.75} }[/tex]

EOQ = [tex]\sqrt{\frac{300000}{1.75} }[/tex]

EOQ = 414 rolls

They should order 414 rolls to minimize the cost.

Answer:

119 units

Explanation:

The economic order quantity is the minimum amount of inventory that a seller must keep to demand and lower the holding cost. The ordering cost is $25 per order. Holding cost is $1.75 per unit. The total demand is 500 units per month. The economic order quantity that will minimize the cost of the GoT cups is

EOQ = [tex]\sqrt{\frac{2*Demand*ordering cost}{Holding cost} }[/tex]

EOQ is 119 units.

A firm has net working capital of $2,715, net fixed assets of $22,407, sales of $31,350, and current liabilities of $3,908. How many dollars' worth of sales are generated from every $1 in total assets

Answers

Answer:

So, from every $1 of total assets, $1.08 worth of sales are generated.

Explanation:

To calculate how many dollars worth of sales are generated by $1 of total assets, we use the total assets turnover ratio. It is an accounting measure that measures the efficiency of the company's assets in generating sales. It calculates the dollar values of sales generated by each $1 of total assets. The formula for total assets turnover is,

Total Assets Turnover = Sales / Average Total Assets

We already know the level of sales. We need to determine the value of total assets first.

Total Assets = Fixed assets + Current Assets

As we know that net working capital = current assets - current liabilities,

So, the current assets are,

2715 = Current assets - 3908

2715 + 3908 = Current assets

Current assets = $6623

Total assets = 6623 + 22407

Total assets = $29030

Total Assets Turnover = 31350 / 29030

Total assets turnover = 1.0799 rounded off to 1.08

So, from every $1 of total assets, $1.08 worth of sales are generated.

As an initial transaction in a new margin account, a customer sells short 100 shares of ABC at $20 per share. After the customer deposits the appropriate margin, the credit balance in the account will be:

Answers

Answer:

$4,000

Explanation:

Regulation T initial margin to short stock is 50% of $2,000 = $1,500 . However, since this is a new account, it must meet the minimum initial margin of $2,000 required to open the account, hence $2,000 must be deposited.

Therefore, the credit balance in the account will be;

= 2,000 + 2,000 ( 100 × $20)

= $4,000

Bob sells a car to Fred but Bob fails to mention that he disconnected the odometer, which reads 39,000 miles. Bob disconnected the odometer 20,000 miles ago. Which of the following is TRUE?
a. duress.
b. undue influence.
c. puffery.
d. Fraud in the inducement.
e. none of the above.

Answers

Answer:

d. Fraud in the inducement.

Explanation:

In this scenario, there was Fraud in the inducement. Fraud refers to the wrongful or criminal deception intended to result in financial or personal gain. Which in this case, by selling a car to Fred and claiming that it has 39,000 miles on (which it does not) they are deceiving Fred in order to make a sale. In doing so they are selling Fred a car that has 20,000 extra miles on it and possibly more internal damage than advertised by the Seller.

Which of the following do you NOT include when calculating the closing balance of PP&E?
a) Cash capital expenditures
b) PP&E acquired through acquisitions
c) PP&E acquired under capital or financing leases
d) Changes in working capital

Answers

Answer:

d) Changes in working capital

Explanation:

the formula used for calculating net PP&E is:

Net PP&E = gross PP&E + capital expenditures - accumulated depreciation

PP&E represents fixed assets (plant, property, and equipment).

On the other hand, working capital involves current assets and liabilities such as cash, accounts receivables, accounts payable, inventories, taxes payable, etc.

Which statement thanks respondent for their participation, describes how incentives are received, and reassures them of the confidentiality of their responses

Answers

Answer:

Closing statement

Explanation:

Hope it helped

Quantitative Problem 1: Hubbard Industries just paid a common dividend, D0, of $1.50. It expects to grow at a constant rate of 2% per year. If investors require a 8% return on equity, what is the current price of Hubbard's common stock? Do not round intermediate calculations. Round your answer to the nearest cent. $ per share

Answers

Answer:

The current price of Hubbard's common stock is $25.50.

Explanation:

This can be calculated using the Gordon growth model (GGM) formula that assumes growth is dividend will be constant as follows:

P = D1/(r - g) ............................ (1)

Where,

P = Current stock price = ?

D1 = Next dividend =  D0 * (1 + g) = $1.50 * (1 + 2%) = $1.53

r = required return = 8%, or 0.08

g = growth rate = 2%, or 0.02

Substituting the values into equation (1), we have:

P = $1.53 / (0.08 - 0.02) = $25.50

Therefore, the current price of Hubbard's common stock is $25.50.

g A company issues 9% bonds with a par value of $170,000 at par on January 1. The market rate on the date of issuance was 8%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is:

Answers

Answer:

$7,650

Explanation:

Calculation for the cash paid on July 1 to the bond holder(s)

Using this formula

Cash=Par value×Bonds percentage× Semiannual Interest

Semiannual means 6 months or half of the year.

Let plug in the formula

Cash=$170,000×0.09×1/2 year

Cash=$7,650

Therefore the cash paid on July 1 to the bond holder(s) will be 7,650

Unemployment numbers drop as more jobless Americans find positions in local businesses. Which determinant of aggregate demand causes the change

Answers

Answer: Consumer Spending

Explanation:

As more Americans find jobs, they will be able to earn an income. As they do so they will be able to spend more on goods and services in the economy thereby increasing Consumption spending which is the largest determinant of Aggregate Demand.

As a result of this increase in Consumption, Aggregate demand will change by increasing as well.

Elaine takes out a $100,000 mortgage on December 1, 1997. Elaine will repay the mortgage over 20 years with level monthly payments at an effective annual interest rate of 8%. The first payment is due January 1, 1998. After making her 120th payment, Elaine does not make any new payments for the entire next year. Elaine starts making revised monthly payments, of amount P, beginning January 1, 2009. The amount P is such that Elaine will pay off the loan in the original, 20-year term—that is to say, her last payment will be due December 1, 2017. Determine P.

Answers

Answer:

I prepared an amortization schedule using an excel spreadsheet. The original monthly payment was $836.44. After the 120th payment, the remaining principal balance was $68,940.64. Since she didn't pay anything for 1 year, the new principal balance will be $68,940.64 x (1 + 8%) = $74,455.89

I prepared another amortization schedule for the remaining 9 years, and the monthly payment is $969.32. She will pay off the loan in 108 months.

Calculate the real deficit or surplus in the following cases: a. Inflation is 17 percent. Debt is $7 trillion. Nominal deficit is $820 billion.

Answers

Answer:

$370 Billion Surplus

Explanation:

We can find the real deficit by using the following formula:

Real Surplus / (Deficit) = Nominal Deficit – (Inflation * Total Debt)

Here,

Nominal Deficit is $820 Billions

Inflation is 17%

And

Total Debt is $7 Trillion

By putting values, we have:

Real Deficit = $820 Billions   -  (17% * $7,000 Billions)

= $370 Billion Surplus

An S corporation earns per share before taxes. The corporate tax rate is​ 35%, the personal tax rate on dividends is​ 20%, and the personal tax rate on​ non-dividend income is​ 39%. What is the total amount of taxes paid if the company pays a ​dividend?

Answers

Answer:

$2.73

Explanation:

Question is incomplete. But assuming the company earn per shares before tax is $7 and the company pays a dividend of $2

Hence, the total amount of taxes paid is = Company earn per shares *  personal tax rate on​ non-dividend income

= $7 * 39%

= $7 * 0.39

=$2.73

Eccles Inc. Eccles Inc., a zero growth firm, has an expected EBIT of $100,000 and a corporate tax rate of 30%. Eccles uses $500,000 of 12.0% debt, and the cost of equity to an unlevered firm in the same risk class is 16.0%. Refer to the data for Eccles Inc. What is the firm's cost of equity according to MM with corporate taxes? a. 25.9% b. 32.0% c. 28.8% d. 21.0% e. 23.3%

Answers

Answer:

b) 32%

Explanation:

Formula for calculating cost of equity is given as ;

r levered = r levered + ( debt / equity × ( r unlevered - cost of debt) × ( 1 - tax)

r unlevered is the cost of an unlevered equity = 16.0%

Debt = $500,000

Cost of debt = 12%

Equity = unknown

Firstly, we need to calculate the value of the firm and the formula is denoted by;

EBIT ( 1 - tax ) / Unlevered cost of equity + ( debt × tax )

= $100,000 ( 1 - 30% ) / 16% + ( $500,000 × 30% )

= $100,000 ( 0.7 ) /0.16 + $30,000

= $437,500 + $150,000

= $587,500

r levered = 16% + ( $500,000 / ( $587,500 - $500,000 ) × ( 16% - 12% ) × ( 1 - 30%)

= 0.16 + ( $500,000 / 87,500 ) × 0.04 × ( 0.7 )

= 0.16 + 5.71 × 0.04 × 0.7

= 32%

Identify the type of cash flow activity for each of the following events (operating, investing, or financing): a. Redeemed bonds be. Issued preferred stock c. Paid cash dividends d. Net income e. Sold equipment f. Purchased treasury stock go. Purchased patents h. Purchased buildings i. Sold long-term investments j. Issued bonds k. Issued common stock

Answers

Answer is given below

Explanation:

type of cash flow activity

a. Redeemed bonds   ---------------Fiancing

b Issued preferred stock -----------Fiancing

c. Paid cash dividends --------------Fiancing

d. Net income --------------------------Operating

e. Sold equipment --------------------Investing

f. Purchased treasury stock -------Fiancing

g. Purchased patents ----------------Investing

h. Purchased buildings -------------Investing

i. Sold long-term investments ----Investing

j. Issued bonds ------------------------Fiancing

k. Issued common stock -----------Fiancing

Keating Co. is considering disposing of equipment with a cost of $55,000 and accumulated depreciation of $38,500. Keating Co. can sell the equipment through a broker for $29,000, less a 5% broker commission. Alternatively, Gunner Co. has offered to lease the equipment for five years for a total of $45,000. Keating will incur repair, insurance, and property tax expenses estimated at $12,000 over the five-year period. At lease-end, the equipment is expected to have no residual value. The net differential income from the lease alternative is

Answers

Answer:

$9,250

Explanation:

Calculation for the net differential income from the lease alternative

Lease amount=$45,000

Estimated expenses=$12,000

Net sale of equipment=Sale of equipment through broker $25,000 less 5% commission

Using this formula

Net differential income = Lease amount - estimated expenses - Net sale of equipment

Let plug in the formula

Net differential income= $45,000-$12,000-($25,000-($25,000*5%)

Net differential income=$45,000-$12,000-($25,000-$1,250)

Net differential income=$45,000-$12,000-$23,750

Net differential income=$45,000-$35,750

Net differential income=$9,250

Therefore net differential income from the lease alternative is $9,250

Choose some specific types of changes you would like to see happen in groups or organizations with which you are familiar. Imagine that you were to try to bring about these changes. What sources of resistance should you anticipate? How would you manage the resistance?

Answers

Answer:

Explanation:

Human are the source of resistance this include the staff, employees, employers and the team of the organization that is involved.

The resistance often come because of the fear of the outcome of the innovation or change and complacency with the current state.

Ability to Capture the passion needed and leverage on the position surrounding the change can reduces resistance among the people

Ability to get support of management, supervisors to advocate for the change helps reduce resistance.

Also, the reason for the change and its impact should be well communicated among the employees this help reduce resistance.

Lisa loaned $6,000 to her brother several years ago. In the current year, she determines that the loan is uncollectible. Lisa also has a $4,000 long-term capital gain in the current year from a stock sale. How much of the $6,000 loan can Lisa use/deduct in the current year g

Answers

Answer:

$0

Explanation:

Data provided in the question

Loaned amount several years ago = $6,000

Long term capital gain = $4,000

Based on the above information

Lisa is not in the position to subtract the loss from the loan i.e. uncollectible as according to the Internal revenue service (IRS) it is mentioned that if the loan is given to a brother the same is treated as a gift

So, the amount would be $0

BankMart Inc. recently issued bonds that mature in 9 years. They have a par value of $1,000 and an annual coupon of 3%. The current market interest rate is 8%.What should be the bond's price?

Answers

Answer:

Price of Bond = $687.66

Explanation:

The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).  

Value of Bond = PV of interest + PV of RV  

The value of bond for Bank Mart Inc can be worked out as follows:  

Step 1  

Calculate the PV of interest payments  

Annual interest payment  

= 3%×  1000 = 30

PV of interest payment  

PV = A× (1- 1+r)^(-n)

A- 30, r- 8%, n- 9

30×  ((1-1.08^(-9))/0.08)=187.41

Step 2  

PV of redemption Value  

PV = RV × (1+r)^(-n)

RV - 1000, r- 8%, n- 9

PV of RV = 1000 × 1.08^(-9) = 500.24

Step 3  

Price of bond  

Total PV =  187.41 + 500.24 = $687.66

Price of Bond = $687.66

In 2019, Dan transferred 5-year property to Fleck Corp. in a tax-deferred Section 351 transaction. Fleck took Dan's adjusted basis in the property. Dan originally placed the depreciable property in service in 2017. What year of the depreciation schedule will Fleck use to depreciate the property

Answers

Answer:

The property will be depreciated using the remaining 3 years of its life after the tax-free incorporation transfer year.  This is because Dan had already depreciated the property for 2 years before the transfer.

Explanation:

Sec. 351 allows a tax-free incorporation transfer if certain requirements are met, including that the property must be transferred to Fleck Corporation by Dan in exchange for stock in Fleck Corporation, and, immediately after the exchange, the Fleck Corporation is in control.

Data related to the inventories of Costco Medical Supply are presented below: Surgical Equipment Surgical Supplies Rehab Equipment Rehab Supplies Selling price $ 276 $ 134 $ 354 $ 152 Cost 156 136 255 152 Costs to sell 17 17 16 7 In applying the lower of cost or net realizable value rule, the inventory of surgical supplies would be valued at:

Answers

Answer:

$117

Explanation:

Costco Medical Supply's merchandise inventory:

                  Surgical equip.  Surgical supplies  Rehab equip.  Rehab  supplies

Selling price          $276              $134                   $354                    $152

Cost                        $156              $136                   $255                    $152

Cost to sell               $17                 $17                      $16                       $7

Net realizable V.   $259              $117                   $338                    $145  

 

If we apply the lower of cost or net realizable rule for determining the value of surgical supplies, its value would be: $117 < $136

When we use the lower of cost or net realizable rule, we should value our inventory at the lowest value between original purchase cost and current net realizable value of the products.

Seacrest Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:

Year 1 $30,000
Year 2 12,000
Year 3 45,000

Required:
Determine the dividends per share for preferred and common stock for each year.

Answers

Answer:

Cumulative Preferred Stock must always pay out Dividends and when they cannot, the amount unpaid will be accrued for payment to another year when it can be paid.

When Dividends are declared, Preference Shareholders are paid first and then common shareholders follow.

Year 1

Preference Shares = Number of shares * Par value * %

= 15,000 * 50 * 2%

= $15,000

Common Shareholders will get the rest;

= 30,000 - 15,000

= $15,000

Year 2.

Preference Shareholders are still due $15,000 however only $12,000 is available. They will take all of it and be owed $3,000.

Preference Shares, Year 2 = $12,000

Common Shareholders get nothing.

Year 3.

Preference Shareholders are owed $15,000 for the year. They are also owed $3,000 from the previous year.

Preference Shares = 15,000 + 3,000

= $18,000

Common Shareholders will get the remainder;

= 45,000 - 18,000

= $27,000

The following information is available for the first month of operations of Diacox Inc., a manufacturer of sports apparel:
Sales $2,050,000
Gross profit 490,000
Indirect labor 152,000
Indirect materials 45,000
Other factory overhead 515,000
Materials purchased 801,000
Total manufacturing costs for the period 1,710,000
Materials inventory, end of period 36,800
Using the given information, determine the following:__________.
Cost of goods sold
Direct materials cost
Direct labor cost

Answers

Answer:

Cost of goods sold= $1,560,000

Direct material cost= $764,200

Direct labor= $233,800

Explanation:

(A) Cost of goods sold= Sales -gross profit

Sales= $2,050,000

Gross profit= $490,000

Therefore, the cost of goods sold can be calculated as follows

= $2,050,000-$490,000

= $1,560,000

(B) Direct materials cost= Materials purchased-materials inventory ending

Material purchased= $801,000

Material inventory ending= $36,800

Therefore, the direct material cost can be calculated as follows

= $801,000-$36,800

= $764,200

(C) Direct labor= Total manufacturing cost-direct material cost-manufacturing overhead

Total manufacturing cost= $1,710,000

Direct material cost= $764,200

Manufacturing overhead= indirect labor+indirect material+other factory overhead

$152,000+$45,000+$515,000

= $712,000

Therefore, the direct labor can be calculated as follows

= $1,710,000-$764,200-$712,000

= $233,800

If the domino effect occurs as a result of changes in the money supply, what will most likely happen as an immediate result of interest rates being increased? Borrowing will decrease. Investing will decrease. Inflation will increase. Liquidity will increase.

Answers

Answer:

The answer is: interest rates will decrease

Explanation:

Just got correct on edge

If there is an increase in the interest rate, then borrowing will decrease.

The term "domino effect" refers to the cumulative effect that is produced by one event that eventually leads to the same effect on others. In other words, the domino effect is when one disaster affects or brings destruction or disruption to others, leading to similar events.

One result will lead to a chain reaction in this event, affecting the rest of the cycle. This means that like one domino's downfall brings the next domino down, one destruction will lead to the fall of the next, taking the cycle to the end until all falls. In this scenario, if the interest rates are being increased, then it will lead to a decreased rate of borrowing. A change in the money supply will increase the interest rate. This will only leave the customers looking for a way out, which means there will be a lower rate of borrowing.

In a domino effect, one event will bring the fall of the other. Therefore, if the interest rates increase, there will only be more problems for the customers. This will leave them reducing or decreasing the borrowing rate in the market. Thus, the correct answer is the first option.

Learn more about "domino theory" here:

brainly.com/question/12039657

Whispering Corporation began 2017 with a $94,200 balance in the Deferred Tax Liability account. At the end of 2017, the related cumulative temporary difference amounts to $352,400, and it will reverse evenly over the next 2 years. Pretax accounting income for 2017 is $505,400, the tax rate for all years is 40%, and taxable income for 2017 is $388,500.
Part 1
Compute income taxes payable for 2017.
Income taxes payable
$
Part 2
Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit Credit
Part 3
Prepare the income tax expense section of the income statement for 2017 beginning with the line "Income before income taxes.". (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Answers

Answer:

1. Income tax payable = Taxable income for 2017 * Income tax rate

Income tax payable = $388,500 * 40%

Income tax payable = $155,400

2.                          Journal Entry

Account Titles and Explanations      Debit         Credit

Income tax expense                         $202,160

($505,400*40%)  

Deferred tax liability                                              $46,760

($202,160-$155,400)  

Income tax payable                                               $155,400

($388,500*40%)

3.                   Income Statement (Partial)

                   For the Year Ended Dec 31, 2017

Income before income taxes            $505,400

Income tax expense

Current           $155,400  

Deferred         $46,760                      $202,160

Net Income                                         $303,240

John is considering purchasing a commercial building. His accountant is working with him to determine the property’s value to John. The initial cost of an investment property plus the cost of any additional improvements less qualified deductions represents the:

Answers

Answer:

Adjusted basis

Explanation:

Adjusted basis in accounting is used to calculate the net value of an asset. This is done by reducing depreciation deductions from the original value and adding capital expenses like cost of improvement.

This method is best used when there is need to get accurate gain and loss records, and for tax purposes.

In the given scenario John's accountant is using the adjusted basis when he calculates initial cost of an investment property plus the cost of any additional improvements less qualified deductions

our parents have made you two offers. The first offer includes annual gifts of $5,000, $6,000, and $8,000 at the end of each of the next three years, respectively. The other offer is the payment of one lump sum amount today. You are trying to decide which offer to accept given the fact that your discount rate is 6.2 percent. What is the minimum amount that you will accept today if you are to select the lump sum offer? D) $17,709.48 C) $16,360.42 B) $16,407.78 E) $17,856.42 A) $16,707.06

Answers

Answer:

A) $16,707.06

Explanation:

The computation of the minimum amount is shown below:

Here we find the present value which is shown below:

               (in dollars)                                     (in dollars)

Year Cash flows Discount factor Present value  

1               5000               0.9416195857       4708.098

2              6000               0.8866474442     5319.885

3              8000               0.834884599      6679.077

Total                                                              16707.059

You took out a mortgage for $300,000. You need to pay $2,730 every month for 15 years. what is the monthly interest rate

Answers

Answer:

491.4

Explanation:

15×12=180

2.730×180=491.4

Other Questions
Consult Interactive Solution 27.18 to review a model for solving this problem. A film of oil lies on wet pavement. The refractive index of the oil exceeds that of the water. The film has the minimum nonzero thickness such that it appears dark due to destructive interference when viewed in visible light with wavelength 653 nm in vacuum. Assuming that the visible spectrum extends from 380 to 750 nm, what is the longest visible wavelength (in vacuum) for which the film will appear bright due to constructive interference Which kind of cells do plants and animals have? How many centimeters (cm) are in 1 mile? _Knowns:1.61 kilometer (km) = 1 mile1000 meter (m) = 1 kilometer (km)100 centimeter (cm) - 1 m A manufacturer of paper coffee cups would like to estimate the proportion of cups that are defective (tears, broken seems, etc.) from a large batch of cups. They take a random sample of 200 cups from the batch of a few thousand cups and found 18 to be defective. The goal is to perform a hypothesis test to determine if the proportion of defective cups made by this machine is more than 8%.Required:a. Calculate a 95% confidence interval for the true proportion of defective cups made by this machine.b. What is the sample proportion?c. What is the critical value for this problem?d. What is the standard error for this problem? What is the justification for step 3 in the solution process?0.8a - 0.1 a= a - 2.5Step 1: 0.7a= a - 2.5Step 2: -0.3a = -2.5Step 3:a= 8.3OA.the division property of equalityOBB. combining like termsO c. the subtraction property of equalityOD. the addition property of equality What directly causes the Athenians to hide in their homes? A) the return of spring B) the arrival of the Cretan soldiers C) the arrival of Theseu D) the oppressive rule of King Aegeus If a person earned $32,000 a year and received $800 raise, what was the percent increase in her salary? Sum and Product of zeroes of the quadratic polynomial 16s - 16s + 4 respectively is:Sum and Product of zeroes of the quadratic polynomial 16s - 16s + 4 respectively is: Find the probability of drawing 3 Aces at random from a deck of 52 ordinary playing cards if the cards are:_________A) ReplacedB) Not Replaced Discuss the negative consequences that arise when auditors fail to identify and report going-concern problems. Read the excerpt from "The Story of a Warrior Queen." When Boadicea saw that all hope was gone, she called her daughters to her. "My children," she said sadly, as she took them by the hand and drew them towards her, "my children, it has not pleased the gods of battle to deliver us from the power of the Romans. But there is yet one way of escape." Tears were in her blue eyes as she kissed her daughters. She was no longer a queen of fury but a loving mother. Which archetype does Boadicea, the queen of the Britons, best represent? Use the drop-down menus to answer the questions.Which type of mirror curves outward?Which type of mirror always has an image that is smaller than the object?Which type of mirror is used to focus light rays?Which type of mirror has a flat surface? Media selection problems can maximize exposure quality and use number of customers reached as a constraint, or maximize the number of customers reached and use exposure quality as a constraint.A. TrueB. False A researcher moves an experiment out of the laboratory and into the real world. This type of research is called a ____ field study quasi-experimental study simulation study transported study Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 20,000 Variable expenses 12,000 Contribution margin 8,000 Fixed expenses 6,000 Net operating income $ 2,000 Required: 1. What is the contribution margin per unit Lauren is a college sophomore majoring in business. This semester Lauren is taking courses in accounting, economics, management information systems, public speaking, and statistics. The sizes of these classes are, respectively, 375, 35, 45, 25, and 60.Required:Find the mean and the median of the class sizes. What is a better measure of Lauren's "typical class size"the mean or the median? ASAP PLS, I'M TIMED! Which action by South Vietnamese President Diem lost him US support? suppression of opposition to the president OR appointing the former emperor as president OR imprisoning and executing hundreds of Buddhists OR favoring Roman Catholics over the Buddhist majority A negative charge feels a force when stationary in an electric field. moving parallel to an electric field. moving parallel to a magnetic field. moving perpendicular to a magnetic field. stationary in a magnetic field. moving perpendicular to an electric field. What is roosevelt main objective in his four freedoms speech? You will be the expert: Imagine you are teaching a class on controlling microbial growth in the environment. To test your students, you will present them with a scenario including a site and some probably microbes present. They must design a strategy to eliminate harmful microbes from the area.1A. Come up with a scenario/situation including a site and some probable microbes present. 1B. Come up with possible solution/analysis to that scenario/situation in order to eleminate harmful microbes.