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Question - The local post office sorts letters by zip code. March, 200,000 letters were sorted. The cost of sorting includes the following:
During the month of Overhead - 8,000
Direct labor - P12,000
1. Explain why process costing is appropriate for this operation.
2. Calculate the cost per letter for this operation.
3. There are no direct materials used for the sorting operation. Is the absence of direct materials typical of services? If not, provide examples of services that use direct materials.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
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