Answer:
$7,888.55
Explanation:
we can prepare Katie's expected balance on her accounts:
end of year 1 = $500 x (1 + 5%) = $525
end of year 2 = $525 + [$525 x (1 + 4%)] = $1,071
end of year 3 = $525 + [$1,071 x (1 + 4%)] = $1,638.84
end of year 4 = $525 + [$1,638.84 x (1 + 4%)] = $2,229.39
end of year 5 = $525 + [$2,229.39 x (1 + 4%)] = $2,843.57
end of year 6 = $525 + [$2,843.57 x (1 + 4%)] = $3,482.31
end of year 7 = $525 + [$3,482.31 x (1 + 4%)] = $4,146.60
end of year 8 = $525 + [$4,146.60 x (1 + 4%)] = $4,837.47
end of year 9 = $525 + [$4,837.47 x (1 + 4%)] = $5,555.97
end of year 10 = $525 + [$5,555.97 x (1 + 4%)] = $6,303.21
end of year 11 = $525 + [$6,303.21 x (1 + 4%)] = $7,080.33
end of year 12 = $525 + [$7,080.33 x (1 + 4%)] = $7,888.55
To make bond purchases, the Fed gets the money __________. Select the correct answer below: exclusively from proceeds it has received from selling bonds in the past
Answer: by creating it
Explanation:
Here are the options:
a. from proceeds it has received from selling bonds in the past.
b. from dues paid to it by member banks.
c. by creating it.
d. from the government.
During recession, the government used the expansionary policies in order to improve and stimulate the economy. Buying bonds by the government is a way of increasing money supply in the economy.
To achieve this, the government simply has to create it which can simply be done by printing the currency.
You own a stock portfolio invested 16 percent in Stock Q, 24 percent in Stock R, 36 percent in Stock S, and 24 percent in Stock T. The betas for these four stocks are .94, 1.00, 1.40, and 1.85, respectively. What is the portfolio beta?
Answer:
1.3384
Explanation:
The computation of the portfolio beta is shown below:
= Stock Q × beta of stock Q + Stock R × beta of stock R + Stock S × beta of Stock S + Stock T × beta of Stock T
= 0.16 × 0.94 + 0.24 × 1 + 0.36 × 1.4 + 0.24 × 1.85
= 1.3384
We simply applied the above formula to determine the portfolio beta and the same is to be considered
The most efficient way to ensure that producers are responsible for products is through
Answer:
labeling
Explanation:
6. If negative float appears on a partial path (until certain activity), the most likely explanation is: a. One or more activities on that path is running late. b. The project is not meeting its expected completion date. c. The project is meeting its expected completion date but a certain activity/ event on that path is not meeting its expected completion date. d. It must be a software glitch.
Answer:
Negative Float on a Partial Path:
c. The project is meeting its expected completion date but a certain activity/ event on that path is not meeting its expected completion date.
Explanation:
Float is the quantification of delays in a project. Negative float means that there is a delay exceeding the intended or allowed float by an ascertainable time. This means that float is about the time when an activity takes longer than originally planned. Some projects have inbuilt standard float which had been computed based on past experience of similar projects, with some allowances made for different expected scenarios.
able to purchase a machine to process the dough more efficiently which will increase fixed costs by $500 each month. This will reduce variable costs by $.50 per pizza. What number of pizzas must be sold to maintain the monthly profit of $20,000.
Answer:
Number of pizzas = 6,778 units
Explanation:
The computation of the number of pizzas to be sold for maintaining the monthly profit is shown below:
= (Fixed expenses + target profit) ÷ (Contribution margin per unit)
where,
Fixed expenses = $10,000 + $500 = $10,500
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $10 - ($6 - $0.50)
= $4.50
Now placing these values to the above formula
So, the number of pizzas would equal to
= ($10,500 + $20,000) ÷ ($4.50)
= 6,778 units
on january 1 year 1 abc merchandising company was started the company experienced the following events during the first year of operations started the business by the issue common stock for 1000 cash purchased 410 inventory on account how much revenue will abc merchandisng company report
Answer: $390
Explanation:
Revenue for a merchandising business is realized when the business sells some of its goods to customers. This can either be in cash or on account which would mean that the customer did not pay cash but now owes them.
The business sold merchandise costing $350 for $390 on account so this is the amount that they will recognize as revenue.
The transactions of Spade Company appear below.
A. Kacy Spade, owner, invested $100,750 cash in the company.
B. The company purchased $10,050 of office equipment on credit.
C. The company paid $10,050 cash to settle the payable for the office equipment purchased in transaction b.
D. The company billed a customer $2,700 as fees for services provided.
E. The company paid $1,225 cash for the monthly rent.
F. The company collected $1,125 cash as partial payment for the account receivable created in transaction.
Required:
1. Prepare general journal entries to record the transactions above for Spade Company by using the following accounts: Cash; Accounts Receivable; Office Supplies; Office Equipment; Accounts Payable; K. Spade, Capital; K. Spade, Withdrawals; Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries.
2. Post the above journal entries to T-accounts, which serve as the general ledger for this assignment.
Answer:
Required 1 : General journal entries
A.
Cash $100,750 (debit)
Capital ; K. Spade $100,750 (credit)
B.
Office Equipment $10,050 (debit)
Trade Payable $10,050 (credit)
C.
Trade Payable $10,050 (debit)
Cash $10,050 (credit)
D.
Trade Receivable $2,700 (debit)
Fees Earned $2,700 (credit)
E.
Rent Expense $1,225 (debit)
Cash $1,225 (credit)
F.
Cash $1,125 (debit)
Trade Receivable $1,125 (credit)
Required 2 : Posting Journal Entries to T - Accounts
Cash Account
Debit
Capital ; K. Spade $100,750
Trade Receivable $1,125
Totals $101,875
Credit
Trade Payable $10,050
Rent Expense $1,225
Balance c/d $90,600
Totals $101,875
Capital Account
Debit
Balance c/d $100,750
Totals $100,750
Credit
Cash $100,750
Totals $100,750
Office Equipment Account
Debit
Trade Payable $10,050
Totals $10,050
Credit
Balance c/d $10,050
Totals $10,050
Trade Payable Account
Debit
Cash $10,050
Totals $10,050
Credit
Office Equipment $10,050
Totals $10,050
Trade Receivable Account
Debit
Fees Earned $2,700
Totals $2,700
Credit
Cash $1,125
Balance c/d $1,575
Totals $2,700
Rent Expense Account
Debit
Cash $1,225
Totals $1,225
Credit
Profit and Loss Account $1,225
Totals $1,225
Fees Earned Account
Debit
Trading Account $2,700
Totals $2,700
Credit
Trade Receivable $2,700
Totals $2,700
Explanation:
All transaction are first record in the journal. Be careful to use the account titles provided by the question.
The Posting to general account is the second stage in accounting. Here account balances to be transferred into the trial balance are established.
A two-year project has sales of $582,960, cash costs of $411,015, and depreciation expense of $68,109. The tax rate is 24 percent and the discount rate is 12 percent. What amount should be used as the annual depreciation tax shield when computing the project's operating cash flow? Ignore bonus depreciation. C) $47,213.34 D) $26,210.01 E) $46,676.30 B) $16,346.16 A) $23,606.67
Answer:
B) $16,346.16
Explanation:
annual operating tax shield = depreciation expense x tax rate = $68,109 x 24% = $16,346.16
when you are calculating the net cash flows, the formula you will follow is:
net cash flow = [(revenues - cash costs - depreciation expense) x (1 - tax rate)] + depreciation expense
net cash flow = [($582,960 - $411,015 - $68,109) x (1 - 24%)] + $68,109 = $147,024.36
The following data relate to labor cost for production of 22,000 cellular telephones:
Actual: 4,220 hrs. at $44.50
Standard: 4,160 hrs. at $46.00
Required:
Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance.
Answer:
Results are below.
Explanation:
Giving the following information:
Production= 22,000 units
Actual: 4,220 hrs. at $44.50
Standard: 4,160 hrs. at $46.00
To calculate the direct labor time and rate variance, we need to use the following formula:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Direct labor time (efficiency) variance= (4,160 - 4,220)*46
Direct labor time (efficiency) variance= $2,760 unfavorable
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (46 - 44.5)*4,220
Direct labor rate variance= $6,330 favorable
Total variance= 6,330 - 2,760
Total variance= $3,570 favorable
Which of the following best explains why the service sector is a natural avenue for e-commerce?
a. The service sector is less geographically reliant and more globally oriented
b. Much of the value in services is based on the collection, storage, and exchange of information
c. The service sector has historically been more technologicaly-reliant
d. It is not; services are difficult to translate to e-commerce because they rely on face-to-face communications and barter
Answer:
b. Much of the value in services is based on the collection, storage, and exchange of information
Explanation:
Service provides an excellent avenue for e-commerce.
E-commerce is the practice of selling and buying using online tools like the internet. Payments for goods and services exchanged is also done online.
Service sector are not manufacturers of goods but rather they provide value in the form of customer service, management, knowledge, advise, and data.
The information service sector deals with provides an ideal avenue for e-commerce activities of selling and buying online.
A study was conducted on the relationship between speeds of cars and gas mileage. The correlation coefficient was 0.45. Later, the researchers found the speedometers read 5 mph too high. Researchers recomputed the coefficient. The new value will be:__________. a) 0.40 b) 0.50 c) 0.45
Answer:
c) 0.45
Explanation:
The correlation coefficient measures the relationship between two how two variables change, in this case speed and gas mileage. Since the speedometers were wrong by 5 mph in a constant manner, the correlation between how changes in speed affect gas mileage will not be altered. For example, if you were measuring how an increase of 10 mph decreased gas mileage, you are looking at the change in speed and it is the same if you start with 60 mph and then increase speed to 70 mph, or if you start at 55 mph and then increase to 65 mph, the change in speed will be 10 mph for both.
Part P40 is a part used in the production of air conditioners at Jackson Corporation. The following costs and data relate to the production of Part P40: Number of parts produced annually Fixed costs Variable costs Total cost to produce Jackson Corporation can purchase the part from an outside supplier for per unit. If they purchase from the outside supplier, 50% of the fixed costs would be avoided. If Jackson Corporation makes the part, how much will its operating income be?
Question
Part P40 is a part used in the production of air conditioners at Jackson Corporation. The following costs and data relate to the production of Part P40:
Number of parts produced annually 26,000
Fixed cost $43,000
Variable cost 70,000
Total cost to produce 113,000
Jackson Corporation can purchase the part from an outside supplier for $4.62 per unit. If they purchase from the outside supplier, 50% of the fixed costs would be avoided. If Jackson Corporation makes the part, how much will its operating income be?
Answer:
Change in operating income= $28,620
Explanation:
$
Total variable cost of making 70,000
Total cost of external purchase ($4.62×26,000) 120,120
Extra variable cost from external purchase 50,120
less Savings in fixed overheads(50%×43,000) ( 21,500)
Change in operating income 28,620
Note that the the balance of the fixed cost (50% of $43,000= 21500) were not included because they not relevant for the decision. They would be incurred either way.
Change in operating income= $28,620
The accompanying data represent the monthly rate of return of a certain company's common stock for the past few years. Complete parts (a) and (b) below.
0.26 0.26 0.04 0.06 0.06 −0.04 −0.04 0.22
0.47 0.06 - 0.16 0.19 0.05 0.18 0.09 0.02
−0.05 −0.02 0.08 0.02 −0.02 0.13 −0.08 −0.02
0.06 −0.01 0.07 −0.05 0.01 −0.10 0.02 0.03
0.01 0.11 −0.11 0.09 0.10 0.25 −0.02 0.03
Determine and interpret the quartiles.
Interpret the quartiles.
A. 25% of the monthly returns are less than or equal to the first quartile. 50% of the monthly returns are less than or equal to the second quartile. 75% of the monthly returns are less than or equal to the third quartile.
B. 25% of the monthly returns are more than or equal to the first quartile. 50% of the monthly returns are more than or equal lo the second quartile. 75% of the monthly returns are more than or equal lo the third quartile.
C. 75% of the monthly returns are less than or equal to the first quartile. 50% of the less than or equal lo the third quartile.
Answer:
A. 25% of the monthly returns are less than or equal to the first quartile. 50% of the monthly returns are less than or equal to the second quartile. 75% of the monthly returns are less than or equal to third quartile.
Explanation:
The data shows that the data is less than 25% in the first quartile. The other half of the data falls in the second quartile which is about almost 50% of the data. The 75% of the monthly returns are less than or equal to the third quartile.
"A customer sells short 200 shares of ABC stock in a margin account. ABC declares a 5% stock dividend. How many shares must be purchased to close out the short position?"
Answer:
210 shares
Explanation:
A customer sells 200 shares of ABC stock in a margin account
ABC declares a 5% stock dividend
=5/100
= 0.05
Therefore, the amount of shares that must be purchased inorder to close out the short position can be calculated as follows
= 200×0.05
= 10
10+200 shares
= 210 shares
Hence 210 shares must be purchased to close out the short position
Gains from remeasuring a foreign subsidiary’s financial statements from the local currency, which is not the functional currency, into the parent company’s currency should be reported as a(n):_______
a. Deferred foreign exchange gain.
b. Other comprehensive income" and as a separate component of stockholders’ equity.
c. Extraordinary item, net of income taxes.
d. Part of continuing operations.
Answer:
Gains from remeasuring a foreign subsidiary’s financial statements from the local currency, which is not the functional currency, into the parent company’s currency should be reported as a(n):_______
d. Part of continuing operations.
Explanation:
Gains from the remeasurement of a subsidiary's financial statements from the local currency to the parent company's currency should be reported as part of the continuing operations. It forms part of the current income. They are not deferred. It is translation adjustments that are reported as other comprehensive income, not gains from remeasurement. Remeasurement gains from a subsidiary's local currency to the parent's are also not extraordinary items.
Valley Spa purchased $7,800 in plumbing components from Tubman Co. Valley Spa Studios signed a 60-day, 10% promissory note for $7,800. If the note is dishonored, what is the amount due on the note
Answer:
$7,930
Explanation:
Calculation for the amount due on the note
First step
(10%×$7,800×60-day/360 days)
=$130
Now let calculate the amount due on the note
Amount due on the note=$7,800+$130
Amount due on the note=$7,930
Therefore the Amount due on the note If the note is dishonored will be $7,930
The following is a summary of information presented on the financial statements of a company on December 31, 2019. Account 2019 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Selling Expenses Net Income Before Income Tax Expense Income Tax Expense Net Income With respect to net income, a horizontal analysis reveals ________. (Round your answer to two decimal places.)
Answer:
Increase in net income of 145.45%
Explanation:
Calculation for what the horizontal analysis reveals with respect to net income
Since we have $54,000 in 2019 and $22,000 in 2018 this means that we are going to calculate for what the Horizontal analysis reveal using this formula
Horizontal analysis = Net income 2019 -Net income 2018/Net income 2018
Let plug in the formula
Horizontal analysis=$54,000-$22,000/$22,000
Horizontal analysis =$32,000/$22,000
Horizontal analysis =1.4545×100
Horizontal analysis =145.45% Increase
Therefore what the horizontal analysis reveals with respect to net income will be an Increase in net income of 145.45%
Universal Travel Inc. borrowed $501,000 on November 1, 2021, and signed a 12-month note bearing interest at 7%. Interest is payable in full at maturity on October 31, 2022. In connection with this note, Universal Travel Inc. should report interest payable at December 31, 2021, in the amount of: (Round your final answers to the nearest whole dollar.)
Answer:
Interest = $5,834.67
Explanation:
In November 1, the note bears 12 month = 7%
From November 1 to December 31 = 2 month
Hence for 2 month Interest = 2 * 7/12(%) = 1.1667%
Thus, interest = $500,100 * 1.1667%
Interest = 5834.6667
Interest = $5,834.67 approximately.
Discuss this statement: "Internationalization is a relevant strategic option for high-tech venture expansion and growth." What makes this statement true? What facts support this statement?
Answer:
When a firm decides to situate its operations outside of its original geographic boundaries, it is said to have internationalized its operations.
It is right to acquiesce to the position that Internationalization can become a critical growth strategy for a high-tech venture.
Explanation:
Every country/economy in the world operates at different levels of efficiency with various degrees of economic advantages and disadvantages to the businesses. The one singular factor that validates this statement is the Cost of Doing Business.
For example,
by virtue of China's huge population and economic strategies, its low cost of production (which was mainly due to cheap labour) became a great incentive to many tech companies all over the world especially IT.
By relocating production operations to China, many companies got the same quality for far less than they would have if they retained such operations in their home country.
One example of this is Apple. Apple currently has an operation in China which manufactures its iPhones with a production plant that is 230,000 staff strong.
Foxconn which is the name of the manufacturing partner which China uses boasts of the ability to produce half a million iPhones in a day.
On the 30th of July, 2020, USD 59.7 billion was posted by Apply as its earning. This is an 11% growth over its quarterly performance from a year ago of which 60% is accounted for by sales from international economies.
The above facts speak to the relevance/advantages of internationalisation.
Cheers!
What is the value today of $1,100 per year, at a discount rate of 8 percent, if the first payment is received 4 years from now and the last payment is received 23 years from today
Answer:
The value today = $8,573.36
Explanation:
The value today of the investment would the present value of annuity of 1,100 receivable discounted at the at the rate of 8%.
The PV of the payment would be done as follows:
The number of payments would be 20 installments. Please be mindful not to say 19. Remember the first the payment occurs in year 4 which is inclusive.
PV = A × 1- ( (1+r)^(-n))/r
A- annual payment
r- rate of return
n- number of years
DATA
A- 1,100
r- 8%
n- 20
PV = 1,100 × 1- (1.08)^(-20)/0.08 = 10,799.96
PV (in year 0) = PV in year 3× (1+r)^(-3)
PV (in year 0) =10,799.96 × 1.08^(-3) = 8,573.36
PV (in year 0) = $ 8,573.36
The value today = $8,573.36
If a consumer purchases a combination of coffee and football tickets such that Coffee/Coffee = 20 and MU Football tickets/PFootball tickets = 10, to maximize utility, the consumer should by:_________
a. more coffee and more football tickets
b. less coffee and more football tickets
c. less coffee and fewer football tickets
d. more coffee and fewer football tickets
Answer: d. more coffee and fewer football tickets
Explanation:
MU/P refers to the marginal utility gained per dollar of an alternative and rationale consumers are always expected to maximise their utility by picking alternatives that give them more utility as opposed to less.
The MU/P for coffee is 20 whilst that of football tickets in 10. This means that more utility is gained from getting more coffee as opposed to football tickets. The action that would maximise utility would therefore be one where the consumer gets more coffee and fewer football tickets.
At her current level of consumption, Jess gets half as much marginal utility from an additional bagel as from an additional muffin. If the price of muffin is $2 each, then Jess is maximizing her utility if the price of a bagel is:
Answer:
$1
Explanation:
Utility is the satisfaction a person derives from consumption of a product.
Consumers seek to maximise utility when they have choices between products.
They choose products that gives them most satisfaction.
In this scenario gets 0.5 unit satisfaction from consuming a bagel to 1 unit of satisfaction from consuming muffins.
She will maximise utility in bagels when she pays a price that will give her satisfaction of consuming one muffin.
Therefore
0.5 utility on bagel = x
1 utility on muffin = $2
Cross multiply
x = ( 2 * 0.5) ÷ 1
x = $1
So Jess gets same satisfaction from 2 bagels as she gets from $2 of muffin
A company had revenues of $54,000 and expenses of $43,250 for the accounting period. The company paid $5,950 cash in dividends to the owner (sole shareholder). Which of the following entries could not be a closing entry?
A. Debit Income Summary $10,750; credit Retained Earnings $10,750.
B. Debit Income Summary $54,000; credit Revenues $54,000.
C. Debit Revenues $54,000; credit Income Summary $54,000.
D. Debit Income Summary $43,250, credit Expenses $43,250.
E. Debit Retained Earnings $5,950, credit Dividends $5,950.
Answer:B. Debit Income Summary $54,000; credit Revenues $54,000.
Explanation:
The following entries can be a closing entry
a)To record closing entry of revenue account
Account Debit Credit
Revenues $54,000
Income summary $54,000
b)To record closing entry of expense account
Income summary $43,250
Expenses $43,250
c)To record closing entry of income summary account
Income summary ( $54,000- $43,250) $10,750
Retained earnings $10,750
d) to record the closing entry of dividends account
Retained Earnings $5,950
Dividend $5,950
The entry that could not be a closing entry is B. Debit Income Summary $54,000; credit Revenues $54,000 because income summary account should be credited with the revenue amount of $54,000 as Revenue increases the income of every business.
A worker sets up to begin a painting job. He lays down a drop cloth and makes sure that the floor is even so that the ladder is stable. The worker also makes sure that the area around his painting zone is free of clutter or objects lying on the ground. He then stands with both feet on the top step of the ladder and starts to paint. What does the worker do incorrectly?
Answer:
You should never use the top of a ladder as a step. The employer should correct the worker’s behavior and ensure he knows the proper way to use a ladder.
Explanation:
He is standing at the top. He is not suppose to and OSHA does not approve this.
Mark Weinstein has been working on an advanced technology in laser eye surgery. His technology will be available in the near term. He anticipates his first annual cash flow from the technology to be $180,000, received two years from today. Subsequent annual cash flows will grow at 4 percent in perpetuity. What is the value today of the technology if the discount rate is 11 percent
Answer:
the present value for today is $2,316,602
Explanation:
The computation of the technology value today is shown below:
Present value of the technology is
= (First annual cash flow arisen from the technology) ÷ ( discount rate - growth rate) ÷ (1 + discount rate)
= ($180,000) ÷ (11% - 4%) ÷ (1 + 0.11)
= $2,316,602
Hence, the present value for today is $2,316,602
Which of the following is not one of the six key decisions in project management?
a. Identify projects to implement
b. Selecting the project manager & the project team
c. Planning and designing the project
d. Deciding on the project manager's tittle
Answer:
Option D. Deciding on the project manager's tittle
Explanation:
The reason is that the composition of the project, resources required to execute a project, planning and designing of the project and deciding which strategy to implement are the key factors that decides the success of the project. Hence Option A, B and C each are one of the six key decisions in the project management.
Option D is incorrect because deciding the project manager's title doesn't any important role as it doesn't have any significant impact on the productivity of the project manager. Hence Option D is not one of the six key decisions in the project management.
The accounts receivable turnover is computed as __________ divided by __________. sales; accounts receivable sales; average accounts receivable sales; net income accounts receivable; net income
Answer:
The answer is B. sales; average accounts receivable
Explanation:
Accounts Receivable turnover ratio tells the number of times it takes a business to recover the money he lent its customers inform of selling on credit. An accounts receivable turnover of 17 means the business is using 17 days on average to collect its receivables from customers.
The formula is:
Sales/average accounts receivable.
g Our company reported the following financial numbers for one of its divisions for the year; average total assets of $5,800,000; sales of $5,375,000; cost of goods sold of $3,225,000; and operating expenses of $1,147,000. Assume a target income of 15% of average invested assets. Compute residual income for the division:
Answer:
Residual income = $133,000
Explanation:
Sales $5,375,000
Less: COGS $3,225,000
Gross profit $2,150,000
Less: Operating expense $1,147,000
Net income $1,003,000
Residual income = Net income - (Average operating assets * return)
Residual income = $1,003,000 - (5,800,000 * 15%)
Residual income = $1,003,000 - $870,000
Residual income = $133,000
Derst Inc. sells a particular textbook for $39. Variable expenses are $28 per book. At the current volume of 49,000 books sold per year the company is just breaking even. Given these data, the annual fixed expenses associated with the textbook total:
Answer:Annual fixed expenses = $ 539,000
Explanation:
Given;
break even point on books sold= $49,000
sales price per unit = $39
variable cost= $28
Using the formulae,
Break-Even point (units) = Fixed Costs ÷ (Sales price per unit – Variable costs per unit) or in sales
49,000 =Fixed cost / ( 39-28)
Fixed cost = 49,000 x 11
= $ 539,000
Annual fixed expenses = $ 539,000
Points: 12©2006 Capsim Management Simulations, Inc.® The Chester company will continue to train their existing workforce at their current level to help reduce turnover and improve productivity next year. Employee training costs have increased to $30 per hour. How much would their training costs per employee be to the nearest dollar? Select: 1Save Answer $2,382 $1,182 $400 $1,200
Answer:
$1,200
Explanation:
Calculation for how much would their training costs per employee be
Using this formula
Training cost per employee = Number of hours × Training cost per hour of employee
Let plug in the formula
Training cost per employee= 40 × $30
Training cost per employee= $1,200
Therefore how much would their training costs per employee be is $1,200.