A comedian knows twelve jokes. one joke is​ old, one joke is​ new, and the other jokes are somewhere between. if the order in wh

Answer:

4.88%

Explanation:

To determine the interest rate, use the formula:

r=(FV/PV)^(1/n)-1, where

r=interest rate

FV= future value= 423.17*(12*5)=423.17*60=$25,390.2

PV= initial amount= $20,000

n= time periods= 5

Substituting the values into the equation yields:

r=(25,390.2/20,000)^(1/5)-1

r=1.048-1

r=0.0488→4.88%

This indicates that the bank's annual interest rate is 4.88%.

Answer: Nominal

Explanation:

The use of the Nominal measurement scale indicates that data is categorized into specific names or labels, which is the reason it is sometimes called Named data. For example, organizing dogs in a park by their breed such as Husky, American Bull, German Shepherd, etc.

This measurement scale does not involve numerical values and typically lacks any hierarchical arrangement.

In this case, the professor categorized her students based on their majors, with those majors serving as labels. Thus, she applied the Nominal measurement scale.

Answer:

a) With a cost of $11, the operating income amounts to $660,000

b) If the cost is set at $9, the operating income is $540,000

c) Indeed, the manager is concerned with the chosen price. The Cutting Division operates as a cost center.  

Explanation:

a)                                              Cutting                          Assembly

Revenue                              $660,000                       $2,500,000

Cost of services

Incurred                               $660,000                        $360,000

Transferred-in                           $0                              $660,000

Total                                    $660,000                        $1,020,000

Operating income                    $0                              $1,480,000

At a cost of $11, operating income is calculated as 60,000 cords × $11 = $660,000

b)                                            Cutting                            Assembly

Revenue                               $540,000                       $2,500,000

Cost of services

Incurred                               $660,000                        $360,000

Transferred-in                           $0                              $540,000

Total                                    $660,000                        $900,000

Operating income              ($120,000)                       $1,600,000

At a cost of $9, the operating income is 60,000 cords × $9 = $540,000  

Answer:

The correct option is A.

$14.38 per direct labor hour

Explanation:

If the planned direct labor time for December is 8,000 hours, the total budgeted factory overhead per direct labor hour is calculated as follows:

Total budgeted factory overhead for December= Variable Factory Overhead rate per labor hour * budgeted labor hours for December + Fixed Factory Overhead monthly cost

Total budgeted factory overhead for December = 5*8000 + 75000

Total budgeted factory overhead for December = $115,000

Total budgeted factory overhead per labor hour = Total budgeted factory overhead for December/budgeted direct labor hours for December

Total budgeted factory overhead per direct labor hour = 115000/8000

Total budgeted factory overhead per direct labor hour = 14.38

Answer:

(e) $3,873

(f) 200 units

Explanation:

(e)

Total carrying expenses:

= Average Inventory × carrying cost per unit

= 38.73 × 50

= $1,936.5  

Annual order costs:

= Optimal number of orders each year × Cost per order

= 64.55 × 30

= $1,936.5

Therefore,

Total Cost:

= Annual Ordering Cost + Annual Holding cost

= ($1,936.5 + $1,936.5)

= $3,873

Consequently, the yearly total inventory cost amounts to $3,873.

(f) Reorder Point:

= Average Daily Sales × Delivery lead time

= (Annual demand ÷ Working days per year) × Delivery lead time

= (5,000 ÷ 250) × 10

= 200 Units

Thus, the reorder threshold is set at 200 units.