Sam Monte deposits $21,500 into Legal Bank, which pays 6% interest that is compounded semiannually. Using the table in the handbook, what will Sam have in his account at the end of six years?
A. $30,654.70
B. $29,760.30
C. $30,456.07
D. $29,670.03
E. None of these
Answer: A
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Firms paying high capital costs are frequently unable to stay in a market in which the competition comes from a nation with low capital costs
Indicate whether the statement is true or false
What is the economic order quantity if the annual demand is 10,000 units, set up cost of placing each order is $3 and the holding cost per unit per year is $2?
a. 174 b. 123 c. 245 d. 116
According to the text, the symbol used in the assignment of codes to each possible response to each question is usually a(n) ________
A) letter of the alphabet B) Greek symbol C) number D) binary digit E) ampersand
Modine Corporation has provided the following data for September.?Denominator level of activity1,600 machine-hours?Budgeted fixed manufacturing overhead costs$42,400??Fixed portion of the predetermined overhead rate$26.50 per machine-hour?Actual level of activity1,700 machine-hours?Standard machine-hours allowed for the actual output2,000 machine-hours?Actual fixed manufacturing overhead costs$41,740?Required:a. Compute the budget variance for September. Show your work!b. Compute the volume variance for September. Show your work!
What will be an ideal response?