The electricity cost was charged on a quarterly basis and charged back to each department on a quarterly basis also. The quarterly costs were September 2013 $13000, December $11000, March $10000 and June $11000. Retail Banking make payment of 100% of the cost up front as they are the controlling department. Retail Banking then process an adjusting entry to Commercial Banking’s cost centre for 30% of the expense and an adjusting entry to Financial Planning’s cost centre for 10% of the expense which together with its 60% obligation brings the total to 100%
There is an average of 1,395,000 tax returns filed in Iowa every year (Average Refund by State). Of those, approximately 81% receive a refund with refunds averaging at $2543.51. If I limit myself to the 50401 area code, for the sake of conservative numbers, there is a population of 29837 (Free 50401 ZIP Code Map). Based on the number of competitors in the area, first calculate 81% of the populate who will receive refunds, then estimate 7% of those filing returns will use Business’ services. This equates to about 1700 people.
Does Joe have enough in savings to pay for the down payment and all of the closing costs? Solution Plan: Complete the following questions based upon the information in the video and other information provided in the worksheet. 1. Joe figures that with overtime he will average 40 hours a week for 52 weeks a year. If his current wage is $15.00 per hour, how much will he make per year?15*40*52= $31,200.00 annually 2.
a. APR is 15%; the actual interest rate is 16.08% b. APR is 16.08%; the actual interest rate is 15% c. APR is 18%;the actual interest rate is 19.56% d. APR is 19.56%; the actual interest rate is18% 2. You are comparing two annuities which offer monthly payments of $500 for ten years and pay 0.5% interest per month. Annuity A will pay you on the first day of each month while annuity B will pay you on the last day of each month. Which following statementsareCORRECT
Despite caution of the dangers of speculation, many believed that the market could sustain high price levels. Before the crash, economist Irving Fisher famously proclaimed, ‘’Stock prices have reached what looks like a permanently high plateau.’’ The optimism and financial gains of the great bull market where shattered on ‘’Black Thursday’’, October 24, 1929, when share prices on the New York Stock Exchange (NYSE) collapsed. Stock prices plummeted on that day, and continued to fall at an unprecedented rate for a full month. The 1929, crash came during a period of declining real estate values in the United States (which came up a round 1925) near the beginning of a chain of events that led to the Great Depression, a period of economic decline in the industrialized nations. After a six year run the world saw an Industrial Average increase in value fivefold, prices peaked at 381.17 on September 3, 1929.
Salem Telephone Case Study 1. The variable expenses in Exhibit 2, with respect to revenue hours, include power and operations: hourly personnel. The fixed expenses, with respect to revenue hours, include: rent, custodial services, computer leases, maintenance, depreciation of computer equipment, depreciation of office equipment and furniture, operations: salaried staff, systems development and maintenance, administration, sales, sales promotion, and corporate services. 2. Variable Costs per Revenue Hour for January $1,546 + $7,896= $9,442/329 hours = $28.70 Variable Costs per Revenue Hour for February $1,485 + $7,584 =$9,069/316 = $28.70 Variable Costs per Revenue Hour for March $1,697 + $8,664 = $10,361/361 = $28.70 3.
BUSN602 Midterm Exam Set 2 Click Link Below To Buy: http://hwcampus.com/shop/busn602-midterm-exam-2/ Return to Assessment List Part 1 of 1 - 100.0 Points Question 1 of 20 5.0 Points Jill Clinton puts $1,000 in a savings passbook that pays 4% compounded quarterly. How much will she have in her account after five years? A.$1,200.50 B.$1,220.20 C.$1,174.80 D.$1,217.50 Question 2 of 20 5.0 Points An increase in inflation should: A.increase the demand for loanable funds B.decrease the interest rate on loans C.increase the interest rate on loans D.none of the above Question 3 of 20 5.0 Points Economists use a ___________________ framework to explain
Desperate for revenue, the federal government legislature has finally decided to raise the cigarette tax. Currently the tax is 5 cents per pack. A tax analyst indicates that the elasticity of supply for cigarette is 5 and the elasticity of demand is -0.2 a) Suppose the tax is increased by 35 cents. How much of the tax would be paid by consumers in the form of higher price paid and how much would be paid by producers in the form of a lower price received? b) Assuming the government collected $43 million in cigarette tax revenue last year.
Being that these types of assets are From significant parts of savings, this is a logical argument. 1982 to 1989, the Dow Jones Average went from 884 to 2,509 which drastically increased capital assets’ values. There was an impressive drop in the unemployment rate during Reagan’s administration as well. 17 million new jobs were created and the unemployment rate fell from 9.7% to 5.5% by the time Reagan’s presidential term ended (Niskanen & Moore 1996). The hours worked by working aged adults grew during
STEPHEN JOYCE Student Loan Debt It was announced last summer that total student loan debt, at $830 billion, now exceeds total US credit card debt, itself bloated to the bubble level of $827 billion. And student loan debt is growing at the rate of $90 billion a year. There are far fewer students than there are credit card holders. Could there be a student debt bubble at a time when college graduates’ jobs and earnings prospects are as gloomy as they have been at any time since the Great Depression? The data indicate that today’s students are saddled with a burden similar to the one currently borne by their parents.