In order to recognize the interrelationship between financing and investments, a firm should use ________ when evaluating an investment
A) the least costly source of financing
B) the most costly source of financing
C) the weighted average cost of all financing sources
D) the current opportunity cost
C
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Hebert & Co CPA's anticipates that partners will bill 1,00 . professional hours, managers will bill 7,500 professional hours and staff accountants will bill 25,00 . professional hours. Billing rates are $250, $150 and $75 for partners, managers and staff accountants, respectively. What is Hebert & Co's budgeted revenue?
a. $5,462,500 b. $3,250,000 c. $5,175,000 d. $3,750,000
Which one of the statements below is not a purpose for the journal?
A) to show increases and decreases in accounts B) to show a chronological order by date C) to show a complete transaction in one place D) to help locate errors
A company has an overhead application rate of 123% of direct labor costs. How much overhead would be allocated to a job if it required direct labor costing $25,000?
A. $307,500. B. $25,000. C. $30,750. D. $15,375. E. $20,325.
You just bought a home for $250,000 and are scheduled to make monthly payments of $1,834.41 for 30 years at 8% APR. Suppose you add $400 each month to the $1,834.41 house payment, making your monthly payment $2,234.41
This extra amount is applied to the principal. How long will it take you to pay off your loan of $250,000? Use a calculator to determine your answer. A) It will take about 206 months. B) It will take about 216 months. C) It will take about 15.5 years. D) It will take about 16.5 years.