Assume Costner Corporation, a U.S.-based MNC, invests 2,500,000 Zambian kwacha (ZMK) for a one-year period at a nominal interest rate of 9%. At the time the loan is extended, the spot rate of the kwacha is $.00060. If the spot rate of the kwacha in one year is $.00056, the dollar amount initially invested in Zambia is $____, and $____ are paid out after one year.

Answers

Answer 1

Answer:

$1500 ; $1526

Explanation:

Given the following :

Invested amount = ZMK 2,500,000

Period = 1 year

Nominal Interst rate = 9%

Spot rate of ZMK in one year = $0.00056

Spot rate at time of loan extension = $0.00060

Therefore,

Dollar amount initially invested equals;

Invested amount * spot rate at time of loan extension

2,500,000 * $0.00060 = $1500

Dollar amount paid after one year:

Invested amount * nominal interest rate * one year spot rate

(2,500,000 * (1+9%) * 0.00056)

(2,500,000 * 1.09 * 0.00056)

= $1526


Related Questions

"Institutional portfolio managers have been allocating an increasing percentage of their funds to common stock positions. This is an indication that their market sentiment is:"

Answers

Answer: Bullish

Explanation:

A Bullish market is characterized by increasing economic output and therefore rising market prices for stocks. The mood in the market is optimistic which will keep the stock prices rising.

Institutional portfolio managers will therefore start allocating and increasing the proportion of their funds in common stock positions to take advantage of this better performing stock market and make a healthy return.

A customer buying an unfamiliar product that carries a fair degree of risk would most likely engage in ________ decision making.

Answers

Answer:

extended problem solving

Explanation:

A situation where a buyer is buying a product he or she has never bought before hence requires considerable efforts, such is termed extended problem solving. The reason is that a buyer does not have prior experience about the product or the supplier, thereby creating complex buying decisions.

In extended problem solving, buyers evaluate and search for information about products they intend to buy due to the fact that they are not familiar with the products. Here, buyers search for all available information inorder to choose among brands of products they intend to buy; being the first time of purchasing such.

It should be engaged in the cognitive decision-making.

What is cognitive decision-making?

It is the decision-making that should be based on processes such as perception, memory, and attention. In the real-life situations, it needs a series of decisions should be made with each and every decision based on the last feedback form.

So at the time when the customer purchased the non-familiar product so it should be engaged in the cognitive decision-making.

Learn more about decision here: https://brainly.com/question/24972073

Rising prices for raw materials, the increasing availability of recycling facilities, and a move toward increased environmental sustainability have all diminished the importance of reverse channels.

a. True
b. False

Answers

Answer:

the answer would have to be a

true









i’m guessing the answer is A :)

Before you move forward, summarize the changes you will need to make to your new budget. Describe these changes in at least two sentences.

Answers

Answer: yes

Explanation:

The right answer on edge is: I need to change my budget so that I save at least $300 per month. Over twelve months, this will increase my savings by $3,600. I also need to change my budget to save for a new computer, so I need to save an extra $100 a month for that. In total, I need to save $400 a month.

Answer:

The right answer on edge is: I need to change my budget so that I save at least $300 per month. Over twelve months, this will increase my savings by $3,600. I also need to change my budget to save for a new computer, so I need to save an extra $100 a month for that. In total, I need to save $400 a month.

Explanation: I just did the test an got a 100

The following information is available for Armstrong Company: Net income $450 Increase in plant and equip. $170 Depreciation expense 80 Payment of dividends 10 Decrease in accts. receiv. 20 Increase in long-term debt 100 Increase in inventories 15 Decrease in accounts payable 30 What is cash flow from operating activities for Armstrong Company?

Answers

Answer:

$505

Explanation:

Armstrong Company

Cash flow from operating activities

Adjustments to reconcile net income to operating cash flow.

Net income

$450

Less : Increase in plant and equipment

($170)

Add : Depreciation expenses

$80

Add : Payment of dividends

$10

Add : Decrease in accounts receivable

$20

Add : Increase in long term debt

$100

Less : Increase in Inventories

($15)

Add : Decrease in Account payable $30

Net Cash flow from operating activities

$505

By the end of the accounting period, employees have earned salaries of $500, but they will not be paid until the following pay period. Which of the following is the proper adjusting entry? A) Credit Salaries expense for $500. B) Debit Salaries payable for $500. C) Credit Unearned revenues for $500. D) Debit Salaries expense for $500.

Answers

Answer:

D) Debit Salaries expense for $500.

Explanation:

Preparation of the proper adjusting entry

Since we were told that employees have earned salaries of the amount of $500 in which they wont be paid until the following pay period which means that the adjusting entry will be:

Debit Salaries expense for $500

Becky is offered the two deals below. Deal 1: She will get a quarter on the first day of the week. Each day thereafter for one week, she will receive double what she received on the previous day. Deal 2: She will get $4 each day for 1 week. Which statement is true in every aspect regarding these two deals

Answers

Answer:

She should go with deal 1 is greater than by $3.75.

Explanation:

The computation is shown below:

As in the first deal we have shown in a geometric sequence

We can represent Deal 1 as a geometric sequence:

[tex]g_n=0.25(2)^{n-1}[/tex]

where,

The 0.25  = first term,

2 = common ratio (as it doubles every day)

and n = the term number.

Now for determining the total money amount, first we have to calculate the sum

i.e

[tex]\Sigma_{n=1}^7(0.25)(2)^{n-1}[/tex]

After solving this,

we get 31.75.

Now for Deal 2

It could be shown as

4(7) = 28.

So as we can see that the deal 1 is greater than Deal 2

Enter the following transactions in the cash book of Sudhir & sons

Answers

j jl Ulrich upvpici jl ljc

Does the education make a difference in salary for a database administrator??

Answers

Answer:

Yes it surely does

Explanation:

please mark me as brainlyest

A developer purchased two 135-front-foot lots for $22,900 net each and divided them into three lots of equal front footage. The developer sold the lots for $230 per front foot. Calculate the developer's percentage of profit (round to the nearest whole percentage point).

Answers

Answer should be &169.63

"We've had to cut our overhead expenses, and we let go several of our support staff," said J. Richard Peale, Managing Partner of Lockstill and Ratcliffe LLC. "However, I am counting upon each of us to creatively deliver even better legal services to our clients, although we've each had to pick up extra work that was previously done by our support staff." J. Richard is counting upon his team to subscribe to the belief known as the ____________, the ability to achieve multiple objectives at the same time.

Answers

Answer: genius of the and"

Explanation:

We've had to cut our overhead expenses, and we let go several of our support staff," said J. Richard Peale, Managing Partner of Lockstill and Ratcliffe LLC. "However, I am counting upon each of us to creatively deliver even better legal services to our clients, although we've each had to pick up extra work that was previously done by our support staff."

J. Richard is counting upon his team to subscribe to the belief known as the genius of the and, the ability to achieve multiple objectives at the same time.

At December 31, 2017, Larkspur Corporation had an estimated warranty liability of $124,000 for accounting purposes and $0 for tax purposes. (The warranty costs are not deductible until paid.) The effective tax rate is 30%. Compute the amount Larkspur should report as a deferred tax asset at December 31, 2017. Deferred tax asset at December 31, 2017

Answers

Answer:

$37,200

Explanation:

The amount of deferred tax on 31 December 2017 for Larkspur can be calculated by multiplying the estimated warranty liability for accounting purposes with an effective tax rate.

DATA

Estimated warranty = $124,000

Effective tax rate = 30%

Deferred tax liability =?

Solution

Deferred tax liability = Estimated warranty x Effective tax rate

Deferred tax liability = $124,000 x 30%

Deferred tax liability = $37,200

The Quimbys obtain a loan that starts out at 5.5% interest. After five years, the interest rate will adjust to whatever the current market rate is and adjust every year thereafter. This is a/an

Answers

Complete Question:

The Quimbys obtain a loan that starts out at 5.5% interest. After five years, the interest rate will adjust to whatever the current market rate is. This is known as a/an:

Group of answer choices

a. two-step mortgage

b. balloon/reset mortgage

c. wraparound mortgage

d. interest-only mortgage

Answer:

a. two-step mortgage.

Explanation:

In this scenario, The Quimbys obtain a loan that starts out at 5.5% interest. After five years, the interest rate will adjust to whatever the current market rate is and adjust every year thereafter. This is a two-step mortgage.

A two-step mortgage can be defined as an adjustable-rate mortgage (ARM) which typically offers two interest rates; a beginning (fixed) interest rate for the first five to seven years period and a another interest rate for the remaining period of time.

explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility and Triple bottom line​

Answers

Answer:

how the looting of shops and malls will affect businesses of the terms of the relationship between social responsibility and triple bottom line.

Smart Wash is a popular brand of detergent powder. The stock needs to be continuously replenished in stores and supermarkets due to its high demand. The detergent powder belongs to the category of

Answers

Complete Question:

Smart Wash is a popular brand of detergent powder. The stock needs to be continuously replenished in stores and supermarkets due to its high demand. The detergent powder belongs to the category of?

Group of answer choices

A. expected merchandise

B. sample merchandise

C. staple merchandise

D. seasonal merchandise

E. fashion merchandise

Answer:

C. Staple merchandise.

Explanation:

In this scenario, Smart Wash is a popular brand of detergent powder. The stock needs to be continuously replenished in stores and supermarkets due to its high demand. The detergent powder belongs to the category of staple merchandise.

A staple merchandise typically comprises of finished goods, which are regularly being purchased, displayed and sold by the retailers in order to meet the need or want of the consumers. Some examples of staple merchandise are detergent powder, bread, milk, egg, butter, salt, sugar etc.

Lindsay is Jon's manager and calls him into her office after everyone else has gone home for the day. She closes the door and tells Jon that he is a thief and that he must return items that he stole from the company. In fact, Jon is extremely honest and has never stolen anything in his life. He is extremely upset and starts to feel sick.
A. Lindsay has committed libel.
B. Lindsay has committed disparagement.
C. Lindsay has committed slander.
D. Lindsay has not committed a defamation tort.

Answers

Answer: Lindsay has not committed a defamation tort

Explanation:

Defamation is when the reputation of an individual in being damaged. In s case whereby one believes that his or her reputation has being damaged by another person, the person sue under the defamation theory.

In the analysis above, we can deduce that Lindsay has not committed a defamation tort.

Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the products are as follows: Product 1 Product 2 Product 3 Cost $ 26 $ 96 $ 56 Selling price 58 138 88 Costs to sell 6 52 16 Required: What unit values should Herman use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule to ending inventory?

Answers

Answer:

What unit values should Herman use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule to ending inventory?

Product 1: $26 (cost)Product 2: $86 (NRV)Product 3: $56 (cost)

Explanation:

                                    Product 1       Product 2       Product 3

Cost                                  $26                $96                $56

Selling price                     $58               $138                $88

Costs to sell                       $6                 $52                $16

net realizable value         $52                $86                $72

which is lower?            $26 (cost)      $86 (NRV)      $56 (cost)

the net realizable value = selling price minus any costs associated to the sales process

"A client, age 74 has $314,000 in her Traditional IRA. She is required to take an $11,000 RMD for this year. She does not need the cash and wants to maintain her investment portfolio. She asks her representative if she can take the RMD in shares into her cash account at the firm This action will result in a:

Answers

Answer:

This action will result in her safe-guiding her investment portfolio in equities. For example, in a constant dollar plan, an investor keeps a constant dollar amount of the portfolio in equity securities. If the equities' market value rises, the excess is transferred to fixed-income securities.

Explanation:

In an open-market operation, the Fed buys $10 million of government bonds from individual investors. If the required reserve ratio is 10 percent, the largest possible increase in the money supply that could result is $________ million, and the smallest possible increase is $_________ million.

Answers

Answer:

$100 million ; $10 million

Explanation:

Required reserve ratio (r) = 10%

Worth of bond = $10,000,000

The smallest increase can be thought of as being the $10million generated from open market operation and could be held by the bank as reserve.

To calculate the largest increase in deposit:

Money multiplier * deposit (worth of bond)

Money multiplier = (1 / reserve ratio)

Money multiplier = (1 / 0.1) = 10

Increase in deposit = 10 * $10,000,000 = $100,000,000 ( $100 million)

a chord of a circle of radius 5cm subtains an angle of 70°at the centre.calculate the length of an arc

Answers

Answer:

[tex]Length = 6.11\ cm[/tex]

Explanation:

Given

[tex]\theta = 70\°[/tex]

[tex]Radius, r = 5cm[/tex]

Required

Determine the length of the subtended arc

Length of an arc is calculated by;

[tex]Length = \frac{\theta}{360} * 2\pi r[/tex]

Substitute  [tex]\theta = 70\°[/tex] and [tex]r = 5cm[/tex]

[tex]Length = \frac{70}{360} * 2\pi *5[/tex]

[tex]Length = \frac{70* 2\pi *5}{360}[/tex]

[tex]Length = \frac{700 \pi}{360}[/tex]

Take π as 22/7

[tex]Length = \frac{700}{360} * \frac{22}{7}[/tex]

[tex]Length = \frac{700 * 22}{360 * 7}[/tex]

[tex]Length = \frac{15400}{2520}[/tex]

[tex]Length = 6.11\ cm[/tex]

Hence, the length of the arc is approximately 6.11 cm

Little Tots Gym has a required rate of return of 13%. The gym is considering the purchase of $12,500 of new equipment. The internal rate of return on the project has been calculated to be 11%. This project:________

Answers

Answer:

This project is good and be should be accepted for implementation.

Explanation:

The IRR is the discount rate that equates the present value of cash inflows to that of cash outflows. At the IRR, the Net Present Value (NPV) of a project is equal to zero  

If the IRR greater than the required rate of return , we accept the project for implementation  

If the IRR is less than that the required rate , we reject the project for implementation  

For  Little Tots Gym, the IRR of the project (13%) is higher than the required rate of return of 11%, hence the project is good and be should be accepted for implementation

"A customer places an order to buy 100 shares of ABC at the market. The broker enters the order and receives a report of execution shortly thereafter. Ten minutes later, the customer telephones, and states that he placed the order in error and wishes to cancel the order. The appropriate procedure is to:"

Answers

Answer:

Explanation:

In this situation , the order has been placed and executed . Cancelling the order is impossible . The execution of an order is the completion of a buy or sell order for a security ,hence it is irrevocable and biding on both the seller and the buyer and none of the two parties can cancel it at such time.

The best and appropriate procedure to handle the situation is to explain the procedures and guiding rules in buying stock to the customer and make him to realize that the order has been executed and biding on them.

Managers should be more concerned that data is stored in a structured data warehouse or a Hadoop cluster, and less about the actually the insights that can be derived from the data. True False

Answers

Answer:

False

Explanation:

Data can be defined as the facts and figures that are collected for the purpose of extracting information towards getting an insight.

Data warehousing is the system of collecting and analyzing of data collected from different sources to provide an insight towards business management using collection of computers called Hadoop cluster,

We need to know that the core purpose of data collection is to provide information and insights for management use ,therefore the insight that can be derived is of paramount importance to the managers than data warehouse or a Hadoop cluster.

The PIO’s primary responsibility to organizational leadership as an advisor is to: A. Be an intermediary between leadership and the news media B. Assess situations for public information implications C. Develop relationships with other organizations’ PIOs D. Set up interviews and write talking points

Answers

Answer:

Correct answer:

D. Set up interviews and write talking points

Explanation:

The PIO's primary responsibility to organizational leadership as an advisor is to assist agency leadership to ensure that the mission and goals of the agency are achieved. This could be achieved through series of actions like setting up of interviews, or jotting down important points.

Considering the available options, the PIO’s primary responsibility to organizational leadership as an advisor is to " Be an intermediary between leadership and the news media."

Who is a PIO?

PIO is the acronym for Public Information Officer. The role of a PIO is to ensure there is clear communication between the government or leaders and the citizens or followers.

Given that PIO serves as an intermediary between the government and the people in terms of communication, it is concluded that they serve as an intermediary between leadership and the news media.

Hence, in this case, it is concluded that the correct answer is option A.

Learn more about PIO here: https://brainly.com/question/881756

When you write a cover letter, which of the following should you do?
Repeat as many points from your résumé as
you can. Lointing out how extensive your
experience is.
Show that you have researched the company
and are interested in contributing your skills
to their business.
o Explain exactly what you did in other jobs.
List your educational degrees.

Answers

Answer:

Show that you have researched the company and are interested in contributing your skills to their business.

Explanation:

When you write a cover letter, Explain exactly what you did in other jobs. List your educational degrees. The correct option is C. The first paragraph of your cover letter should pique the hiring manager's interest and compel them to continue reading.

What are a cover letter and example?

In a cover letter for a job application, you can introduce yourself personally and argue why hiring you would be wise. Include specific examples from your prior experience that show you are qualified for the position in your cover letter, which should be three paragraphs or less long.

A one-page business letter known as a cover letter is submitted with your resume when you apply for a job. Your cover letter should serve as a persuasive essay that explains to the employer why you are a strong candidate for the position.

Thus, the ideal selection is option C.

Learn more about Cover Letters here:

https://brainly.com/question/10626764

#SPJ2

Thomas had conducted a thorough pretest before the new ad campaign,so he was fairly sure the elements would work together.A lot was riding on the success of the ad campaign,so he couldn't wait until the campaign was over to see how well it did.During the campaign,he will be monitoring the sales volumes on a daily basis as part of his:_________.
A) cause-related marketing.
B) pulsing.
C) tracking.
D) flighting.
E) lifting.

Answers

Answer:

C) tracking.

Explanation:

Since in the question, it is mentioned that Thomas has conducted a thorough pretest i.e prior to new ad campaign in order to work the elements together

Also he is monitoring the sales volume on a daily basis as it is part of his tracking which tracks the performance of the work so that he get to know how much work is completed and how much work is pending.

Selling price per unit $ 100 Variable expenses per unit $ 40 Fixed expenses per month $ 60,000 The breakeven point in terms of volume of units per month i

Answers

Answer:

1,000  units

Explanation:

According to the given situation, the computation of break even point is shown below:-

Break even point in units is

= Fixed cost ÷ (Selling price per unit - contribution margin per unit)

= $60,000 ÷ ($100 - $40)

= $60,000 ÷ $60

= 1,000 units

Therefore for computing the break even point in units we simply solved the above equation

Match the banking term with its definition.A. List currency coin and checks deposits into an accountB. A document signed by the depositor instructing the bank to pay a specified amount of moneyC. A record set up by a bank for its customerD. Explains the reason for paymentsE. Electronic transfer of cash from one party to another.a. Deposit ticket b. checkc. bank accountd. Remittance advicee. Electronic funds transfer

Answers

Answer:

A. Deposit ticket: List currency coin and checks deposits into an account.

B. Check: A document signed by the depositor instructing the bank to pay a specified amount of money.

C. Bank account: A record set up by a bank for its customer.

D. Remittance advicee: Explains the reason for payments.

E. Electronic funds transfer: Electronic transfer of cash from one party to another.

Explanation:

A. Check: List currency coin and checks deposits into an account.

B. Deposit ticket: A document signed by the depositor instructing the bank to pay a specified amount of money.

C. Bank account: A record set up by a bank for its customer.

D. Remittance advicee: Explains the reason for payments.

E. Electronic funds transfer: Electronic transfer of cash from one party to another.

Melody's Crafts 'N Things

Andrea works for a retail shop called Melody's Crafts 'N Things. Andrea was often quite rude to customers when they annoyed her. One morning, her supervisor asked Andrea into her office and informed her that her behavior was unacceptable. To be rude to one customer could cause several customers not to come back. Andrea's supervisor told her that retaining a customer is much cheaper than trying to get a new one. After their constructive discussion, Andrea's boss told her that she wanted her to go out on the floor that day and attempt to be more helpful to customers.

Over the next few months, Andrea began to help customers learn more about the different products in the store and often explained why the customer might want to purchase one product over another. In doing so, she realized the importance of her role in the retail shop and began to truly enjoy her job. She started to think about the future of the company. She even thought that the company could do very well if it were to sell its products on eBay. When she brought this idea to her boss, her boss thought it was excellent, and asked Andrea to look further into the pros and cons of her idea.

After evaluating Andrea's research, her boss decided to move forward with the idea, asking Andrea to head up this new venture for the company. Andrea then realized that retail is not just about making the sale; the customer should be the focus of all operations. Andrea now looks up to her boss, and is very glad that she was there to mentor her.
Refer to Melody's Crafts 'N Things. Doing business on eBay allows an entrepreneur to
a. develop a business-to-business selling model.
b. create place utility.
c. find out what works, fast.
d. explore producer markets.
e. develop form utility.

Answers

Doing things on E-bay like Andrea did allows an entrepreneur to develop place utility.

The right answer is option B.

What is place utility?

This can be described to be a type of marketing strategy that involves the fact that goods and services would easily be available for the consumers to have access to.

This is one of the the things that this concept allows entrepreneurs do.

Read more on place utility here:

https://brainly.com/question/24848038

A swap bank Group of answer choices (A) can act as a broker, bringing together counterparties to a swap. (B) can act as a dealer, standing ready to buy and sell swaps. (C) both (A) and (B). (D) only sometimes (A) but never ever (B).

Answers

Answer:

Option C

Explanation:

In simple words, A swap bank refers to the  entity that serves as just a broker for two counterparties that decide to apply through a rate of interest or exchange swap arrangement and must remain confidential. The swap banking incorporates both parts of the transaction and usually receives a reward price from both underwriters to encourage the swap.

Thus, from the above we can conclude that the correct option is C.

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Write the gradient and the y intercept of the line y=-2x +4 This lesson focuses on changes in African nations in the twentieth century. Think about the African countries youve heard of. List as many of these countries as you can. Someone offers to buy your car for four, equal annual payments, with the first payment coming 2 years from today. If you think that you could sell your car to another purchaser for an immediate payment of $9,000 and the interest rate is 10%, what is the minimum annual payment that you would accept from this buyer? 0.21212121 as a fraction Find the angle in degrees for the third-order maximum for 577 nm wavelength yellow light falling on a diffraction grating having 1,420 lines per centimeter. If the actual quantity of direct materials used in producing a commodity differs from the standard quantity, the variance is a Scientist have been able to evaluate changes in ocean temperature profiles over more than 100 years by comparing modern instrument float records to data obtained during the:________ Question 17 of 502 PointsWhich type of selection is the most likely to result in Speciation?A. Stabilizing selectionB. Directional selectionOC. Disruptive selectionD. Artificial selectionReset Selection What is the correct IUPAC name for Ir(NO) 12.As the skydiver falls to Earth, her parachute helps her land safely by:C. warming thea. increasing air resistancesurrounding airb. acting like a helium-filled balloond. blocking the Sun's rays Explain Adverbs in about 30 to 50 words Identifying Energy TransformationsWhat is one energy transformation that is taking place when a plant is growing?radiant energy to thermal energythermal energy to nuclear energyO chemical energy to thermal energyO radiant energy to chemical energy The Murdock Corporation reported the following balance sheet data for 2016 and 2015: 2016 2015 Cash $ 96,245 $ 33,155 Available-for-sale securities (not cash equivalents) 24,000 102,000 Accounts receivable 97,000 83,550 Inventory 182,000 160,300 Prepaid insurance 3,030 3,700 Land, buildings, and equipment 1,284,000 1,142,000 Accumulated depreciation (627,000) (589,000) Total assets $ 1,059,275 $ 935,705 Accounts payable $ 91,640 $ 165,670 Salaries payable 26,800 33,000 Notes payable (current) 40,300 92,000 Bonds payable 217,000 0 Common stock 300,000 300,000 Retained earnings 383,535 345,035 Total liabilities and shareholders' equity $ 1,059,275 $ 935,705 Additional information for 2016:Sold available-for-sale securities costing $78,000 for $84,200.Equipment costing $20,000 with a book value of $6,700 was sold for $8,550.Issued 6% bonds payable at face value, $217,000.Purchased new equipment for $162,000 cash.Paid cash dividends of $28,500.Net income was $67,000.Required:Prepare a statement of cash flows for 2016 in good form using the indirect method for cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.) 2 Figure 3.1 shows two different forms of carbon, A and B.ABFigure 3.1a Name the two forms of carbon shown. What is a short summary of Tikki Tikki Tembo? 29. SCUBA DIVING The sign shows the equipment rented or sold by a scubadiving store.a. Write two expressions to represent the total sales to rent 2 wet suits,3 air tanks, 2 dive flags, and selling 5 underwater cameras.b. What are the total sales? PLEASE help me solve this question! No nonsense answers please! What do all cells need in order to function Lopez Company uses both standards and budgets. For the year, estimated production of Product X is 500,000 units. Total estimated cost for materials and labor are $1,400,000 and $1,700,000. Compute the estimates for (a) a standard cost and (b) a budgeted cost. (Round standard costs to 2 decimal places, e.g. 1.25.) what are applied areas of mycology?