6. Karim Darmati must pay a $6,750 furniture bill. A finance company will loan Karim $6,750 for 8 months at a 10.20% discount rate. The finance company told Karim that if
he wants to receive exactly $6,750, he must borrow more than $6,750.
M = Proceeds
1 - (D)(T)
a.
Calculate Karim's loan request. (Do not round intermediate
calculations. Round your final answer to the nearest cent.)
Loan request
$
b
Calculate the effective rate of interest. (Do not round intermediate
calculations. Round your final answer to the nearest hundredth
percent.)
Effective rate of
interest
%

Skychefs, inc. prepares in-flight meals for a number of major airlines. one of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. during the most recent week, the company prepared 4000 of these meals using 960 direct labor hours. the company paid these direct labor workers a total of $19,200 for this work, or $20.00 per hour. according to standard cost card for this meal, it should require 0.25 direct labour-hours at a cost of $19.75 per hour.1. what is the standard labor-hours allowed (sh) to prepare 4,000 meals? 2. what is the standard labor cost allowed (sh x sr) to prepare 4,000 meals? 3. what is the labor spending variance? 4. what is the labor rate variance and the labor efficiency variance?