Answer:
7.74%
Explanation:
The yield to call would be the internal rate of return considering the cahsflow until the bodn is called. W can solve for that using excel IRR function;
We list the cashflow in order.
F0 -1180
F1 105
F2 105
F3 105
F4 105
F5 1205 (105 coupon payment plus 1100 principal)
We now write the function and get the YTC
=IRR(B1:B6) 7.7366%
Answer: 1. $690 (favorable)
2. $9045 (favorable)
Explanation: These can be computed as follows :-
Labor rate variance = Actual labor cost - (standard rate * actual hours)
= $139,380 - ( $20.1 * 6900 hours )
= $690 (favorable)
.
Labor efficiency variance = ( Actual hours - standard hours ) * (standard rate )
= [6900 hours - (1500 units * 4.3 hours) ] * ($20.1)
= $9045 (favorable)
An emergency fund is an account that is used to set aside funds that will be needed in the event of a personal financial dilemma. The size of one emergency fund depends on one's income, dependants and lifestyle. It is recommended that one put aside at least three months worth of expenses.In the question given above, the monthly expenses is $2000.00, so the person has to put away at least $2000 * 3 months, which is equal to $6000.00.
Luxury items in a budget come from : D. Saving
People tend to buy luxury items after the other crucial needs are met, which means that it will be most likely that the budget came from the income that is intended for saving
hope this helps
Well I’m young so I make money through part time jobs such as chick fila or some other restaurant that pays
