Cedar designs company, a custom cabinet manufacturing company, is setting standard costs for one of its products. the main material is cedar wood, sold by the square foot. the current cost of cedar wood is $6.00 per square foot from the supplier. delivery costs are $0.25 per square foot. carpenters' wages are $30.00 per hour. payroll costs are $3.60 per hour, and benefits are $6.00 per hour. how much is the direct labor standard cost per hour

At the end of the week, carla receives her paycheck and goes directly to the bank after work to make a deposit into her savings account. the bank keeps the required reserve and then loans out the remaining balance to a qualified borrower named malik as a portion of his small business loan. malik uses the loan to buy a tractor for his construction business and makes small monthly payments to the bank to payback the principal balance plus interest on the loan. the bank profits from a portion of the interest payment received and also passes some of the interest back to carla in the form of an interest payment to her savings account. in this example, the bank is acting

Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo suppose that $10,000 invested in microsoft at its ipo price had been worth $600,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)

Why should managers invest any excess cash