$80,000 will be in bank account if you retire at 70 years old if the deposit earns 3 percent per year.
The Rule of 70 is a method for estimating how long it will take for a quantity to double. The formula is as follows:70 ÷ Annual Growth Rate = Number of Years for the Amount to Double. When a person is 70 years old, the money would have been in the account for 70 years. The account would have doubled if the growth rate was 3 percent. Using the Rule of 70, we may estimate how many years it would take for the account balance to double : 70 ÷ 3 = 23.3 years
As a result, we may use the rule of 70 to estimate how many times the account balance would double over the 70-year time frame : 70 ÷ 23.3 = 3 times. Since the account balance will double three times over 70 years, we must take the original deposit of $10,000 and multiply it by 2 three times : $10,000 × 2 × 2 × 2 = $80,000
As a result, we may anticipate that there will be roughly $80,000 in the account when the person turns 70 years old if $10,000 is deposited on the day they are born and earns a 3% interest rate.
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which of the following is a political risk faced by organizations such as fifa that operate in multiple countries? a. challenges implementing the world trade organization agreements b. uncertain prices for critical commodities c. potential nationalization of invested assets d. failure of countries to pay debt obligations
Organizations with global operations, like FIFA, must deal with the political risk of potential nationalisation of invested assets.
What does "political risk" mean in the global marketplace?Political risk, also known as geopolitical risk, happens when a country's government suddenly changes its policies in a way that is harmful to the foreign company. One of these policy changes can be the removal of trade barriers, which serve to restrict or obstruct international trade.
What tools are available to managers to evaluate political risk?Managers can evaluate political candidates' plans and how they will impact the economy in particular relation to the business of interest in order to estimate political risk. The expected situations for each applicant can be reviewed by managers, and they can also assign weighted percentages to the chances of winning.
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what causes high insurance charges in international trade
Answer: Factors that cause high insurance charges in international trade are:
1. Distance and Transportation
2. Risk of Damage or Loss
3. Political and Economic instability
4. Customs and Regulatory issues
5. Currency Fluctuations
Explanation:
There are several factors that can contribute to high insurance charges in international trade:
1. Distance and transportation: International trade involves shipping goods over long distances, which increases the risk of loss or damage during transit. As a result, insurance premiums can be higher for international shipments than for domestic shipments.
2. Risk of damage or loss: The risk of damage or loss during transit can be higher for certain types of goods, such as fragile or high-value items. Insurance premiums can reflect this increased risk.
3. Political and economic instability: Political and economic instability in certain regions can increase the risk of damage or loss to goods during transit. Insurance companies may charge higher premiums for shipments to these regions.
4. Customs and regulatory issues: Customs and regulatory issues can cause delays and increase the risk of loss or damage to goods during transit. Insurance companies may charge higher premiums for shipments that are subject to these issues.
5. Currency fluctuations: Currency fluctuations can affect the value of goods during transit and increase the risk of loss or damage. Insurance companies may adjust premiums to reflect this increased risk.
Overall, insurance charges in international trade reflect the increased risk and complexity involved in shipping goods across borders and over long distances.
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marvel's dimension of heroes video game is betting on the star power of its superheroes combined with state-of-the-art hand controllers to appeal to gamers. these new features will only succeed if they deliver superior to customers. a augmentation b performance c value d graphics e maneuverability
The missing word that completes the given sentence "Marvel's Dimension of Heroes video game is betting on the star power of its superheroes combined with state-of-the-art hand controllers to appeal to gamers.
Performance is the new features will only succeed if they deliver superior to customers.
These new features will only succeed if they deliver superior" is performance. The word 'performance' completes the given sentence.
The definition of performance is "the action or process of carrying out or accomplishing an action, task, or function."
The game aims to appeal to gamers with its new features, such as state-of-the-art hand controllers, and star power of its superheroes.
The game must deliver superior performance to appeal to customers or gamers as this is the primary feature that customers are interested in.
Therefore, option (b) Performance is the correct answer to the question.
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it's your birthday, and your family has given you $75.00. you have been considering buying a new coat, new shoes, or concert tickets. although you would like to see a concert, you decide to buy new shoes because that is your greatest need. what were the alternatives you were considering? (choose all that apply)
The alternatives that the student was considering are: A new coat and concert tickets.
What is decision-making?
Decision-making is the process of selecting a logical choice from the available options. Decision-making is the process of deciding on a course of action that will help you achieve your objectives. It is the process of choosing among multiple options based on the desired outcome.
What did the student do?
Although the student wanted to attend a concert, he chose to purchase new shoes because he needed them.
As a result, he chose to buy new shoes over going to the concert. So, the alternatives that the student was considering were a new coat and concert tickets. The answer is A new coat and concert tickets.
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a type of listing agreement that allows the seller to employ multiple licensees at the same time with a commission owed only to the licensee procuring the buyer is known as:
A type of listing agreement that allows a seller to employ multiple licensees at the same time, with a commission owed only to the licensee procuring the buyer, is known as an open listing agreement. This arrangement provides the seller with the flexibility to work with multiple real estate agents or brokerages concurrently, without being committed to a single representative.
In an open listing, each licensee independently markets the property and competes with other licensees to find a suitable buyer. Since the commission is only paid to the licensee who procures the buyer, this creates an incentive for each agent to work diligently in their efforts to sell the property.
While open listings can provide benefits in terms of increased exposure and potentially faster sales, there are some downsides. Due to the lack of exclusivity, agents may be less motivated to invest significant time and resources in marketing the property, as there is no guarantee they will earn a commission. Additionally, coordinating showings and offers with multiple agents can be more challenging for the seller.
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employees in organizations that have recently been downsized or re-engineered because of recent economic downturns are likely to be insecure and feel that their ideas don't matter. true false
The given statement is TRUE, i.e., "Employees in organizations that have recently been downsized or re-engineered because of recent economic downturns are likely to be insecure and feel that their ideas don't matter.'
A company's re-engineering or downsizing as a result of recent economic downturns can have a negative impact on employee morale. Employees in organizations that have recently been downsized or re-engineered because of recent economic downturns are likely to be insecure and feel that their ideas don't matter.
Therefore, to avoid such an occurrence, it is necessary to keep your employees informed and provide them with adequate information about what is happening. The management should communicate with them regularly, explain the company's goals and objectives, and give them the opportunity to express their ideas and opinions about how to achieve them. By doing so, the employees will feel valued and appreciated, and it will help to increase their motivation and productivity.
Hence, the statement is true.
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the true cost of an item produced in a factory includes which of the following factors? social costs environmental costs internal costs external costs it includes all of these factors.
The true cost of an item produced in a factory includes: social costs, environmental costs, internal costs, and external costs. Manufacturers can develop production processes and business practices.
Internal costs refer to the costs incurred by the manufacturer while producing the item, such as the cost of raw materials, labor, machinery, and equipment. These are costs that are directly related to the manufacturing process.
External costs refer to the costs incurred by society as a whole as a result of the production of the item. These can include pollution and waste disposal costs, as well as health and safety costs associated with the production process.
Social costs refer to the costs incurred by the community and workers as a result of the production of the item. These can include lost wages, health issues, and safety concerns that arise from the production process.
All of these costs are factors that should be taken into account when calculating the true cost of an item produced in a factory.
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At the beginning of September, Helen Rojas started Rojas Wealth Management Consulting, a firm that offers financial planning and advice about Investing and managing money on September 30, the accounting records of the business showed the following information $132,400 16,000 13,600 150,099 Cash Accounts receivable office supplies office equipment Accounts payable Helen Rojas, Capital, September 1, 20X1 Fees Income Advertising expense Salarles expense Telephone expense withdrawals 186,800 311,600 64,000 3,200 Required: Prepare a statement of owner's equity for the month of September and a balance sheet for Rojas Wealth Management Consulting as of September 30, 20X1
Total Liabilities and Owner's Equity is $366,499 at Owner's Equity as of September 30, 20X1 $194,000.
To prepare the statement of owner's equity, we need to take into account the initial capital investment and any changes to that capital during the month of September. The statement of owner's equity can be prepared as follows:
Statement of Owner's Equity for September 20X1
Helen Rojas, Capital, September 1, 20X1 $132,400
Add: Net Income for September (Fees Income - Advertising expense - Salaries expense - Telephone expense) $64,800
Less: Withdrawals $3,200
Total Owner's Equity as of September 30, 20X1 $194,000
To prepare the balance sheet, we need to list the assets, liabilities, and owner's equity as of September 30, 20X1. The balance sheet can be prepared as follows:
Balance Sheet as of September 30, 20X1
Assets
Cash $186,800
Accounts receivable $16,000
Office supplies $13,600
Office equipment $150,099
Total Assets $366,499
Liabilities
Accounts payable $64,000
Total Liabilities $64,000
Owner's Equity
Helen Rojas, Capital $194,000
Total Liabilities and Owner's Equity $366,499
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Redfern Audio produces audio equipment including headphones. At the Campus Facility, it produces two wireless models, Standard and Enhanced, which differ both in the materials and components used and in the labor skill required. Data for the Campus Plant for the third quarter follow. Standard Enhanced Total
Units produced 26,100 8,700 34,800
Machine-hours 15,660 10,440 26,100
Direct labor-hours 19,575 19,575 39,150
Direct materials costs $ 522,000 $ 783,000 $ 1,305,000
Direct labor costs 313,200 665,550 978,750
Manufacturing overhead 829,980
Total costs $ 3,113,730
Required:
Compute the predetermined overhead rate assuming that Redfern Audio uses direct labor-hours to allocate overhead costs
According to the question the predetermined overhead rate is $21.14 per direct labour-hour.
What is direct labour-hour?Direct labour-hour (DLH) is a measure of the amount of time that a worker spends directly on a specific task or project. It is closely related to direct labour cost and is used to calculate the total cost of labour for a specific project. DLH is calculated by multiplying the number of hours a worker spends on a task or project by the cost of labour per hour. This figure is then used to determine how much it will cost to complete the project. DLH is used by many businesses to assess the cost of labour for a specific job or project and to ensure that the right amount of resources are allocated to the task.
The predetermined overhead rate is calculated by dividing the total manufacturing overhead costs by the total direct labor-hours.
Therefore, the predetermined overhead rate is
$829,980 / 39,150 direct labour-hour
= $21.14 per direct labour-hour.
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hrm 595 learning how to negotiate is all about communication and how one conducts themselves around others. what leadership skills do you feel one needs to practice diversity, equity, and inclusion with an unconscious bias during the negotiation process?
Negotiating while embracing diversity, equity, and inclusion requires a particular set of leadership skills.
These skills include building trust, understanding the power dynamics of a negotiation, being culturally competent, and being mindful of unconscious bias. Building trust is essential in order to ensure a successful negotiation. It allows all parties to have confidence that their needs and concerns will be heard and respected. Understanding the power dynamics of the negotiation will also help create a balanced environment in which all sides can feel respected.
Being culturally competent is important for any negotiation. This means having an understanding of how cultural norms and values might affect the situation. It can also involve being aware of one’s own biases and how they might impact the process. Finally, it is important to be mindful of unconscious bias. Unconscious bias can be difficult to identify, but it can affect the negotiation process in many ways. It is important to take the time to become aware of any biases and how they might be affecting the negotiation process.
By practicing these leadership skills, negotiators can ensure that diversity, equity, and inclusion are fully embraced during the process.
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What is the number one trait that successful business leaders look for in both effective leaders and good followers?
The number one trait that successful business leaders look for in both effective leaders and good followers is adaptability.
Adaptability is an important trait because it enables individuals to cope with change, to learn new skills, and to adapt to new environments. As the world around us changes at an increasingly rapid pace, adaptability is becoming more and more important for success in all aspects of life, including business. Successful business leaders recognize this fact and look for employees who are adaptable and can adjust to new situations quickly and effectively.
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a company's resources and capabilities represent multiple choice the firm's net working capital and related determinants for measuring operating performance and capabilities. the firm's competitive assets that determine its competitiveness and ability to succeed in the marketplace. whether the firm has the industry's most efficient value chain. management's sources and uses of funding for new strategic initiatives. positive trends with relevant cultural factors related to buyers' choices and product modifications.
option (B) is the correct answer.
The resources and capabilities of a company represent the firm's competitive assets that determine its competitiveness and ability to succeed in the marketplace. The correct option is: the firm's competitive assets that determine its competitiveness and ability to succeed in the marketplace.
Explanation:Resources and capabilities are internal resources and abilities that are useful in creating and sustaining a competitive advantage. Competitive assets are a set of tools that a company uses to gain a competitive advantage over its rivals.The firm's resources and capabilities are key to the creation of a sustainable competitive advantage.
For example, a firm that has a unique, inimitable capability for producing high-quality goods at a low cost can leverage this capability to gain a cost advantage over its competitors.
Similarly, a firm that has developed strong relationships with suppliers or distributors can use these relationships to gain a supplier or distributor advantage over its rivals.
In conclusion, the firm's competitive assets determine its competitiveness and ability to succeed in the marketplace. Therefore, option (B) is the correct answer.
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which of the following is an example of an external cost? a fish-packing company pays unemployment compensation to workers displaced by automation. a landfill owner buys more land to increase the size and profitability of the landfill. individuals pay for medical treatment of lung disease aggravated by pollution from a coal- fired power plant.
A fish-packing company paying unemployment compensation to workers displaced by automation is an example of an external cost.
External costs are the costs incurred by an individual or group outside of the company or organization that is directly responsible for the cost, such as the individuals paying for medical treatment of lung disease aggravated by pollution from a coal-fired power plant.
The other option, a landfill owner buying more land to increase the size and profitability of the landfill, is an example of an internal cost, since the owner is responsible for paying the cost.
External costs can include environmental damage, health risks, and economic disruption to the surrounding area.
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the following annual costs are associated with three new extruder machines being considered for use in a styrofoam cup plant: data x x-trud supr-x useful life, years 7 17 13 first cost $2,980,000 $2,870,000 $2,360,000 salvage value $95,000 $121,000 $92,000 annual benefit $226,000 $640,000 $748,000 m&o $75,000 $70,000 $57,000 m&o gradient $13,000 $12,500 $13,500 the company's interest rate (marr) is 7%. which extruder should the styrofoam company choose? use annual cash flow analysis and provide the right reason. group of answer choices choosing supr-x will maximize the euab-euac; its value is $771,283 higher than x and $144,991 higher than x-trud. choosing supr-x will maximize the euab-euac; its value is $231,283 higher than x and $23,991 higher than x-trud. choosing supr-x is best because it has the highest annual benefit choosing supr-x is best because it has the lowest m&o cost in yr1
The styrofoam company should choose the Supr-X extruder machine because it will maximize the EUAB-EUAC. The value of the Supr-X machine is $771,283 higher than the X machine and $144,991 higher than the X-Trud machine.
This is determined by conducting an annual cash flow analysis, taking into account the data provided, such as first cost, salvage value, annual benefit, M&O, and M&O gradient.
1. Calculate the EUAB (Economic Useful Annual Benefit) of each machine using the formula EUAB = Annual Benefit - M&O.
2. Calculate the EUAC (Economic Useful Annual Cost) of each machine using the formula EUAC = First Cost + (M&O * MARR) - Salvage Value.
3. Calculate the difference between the EUAB and the EUAC of each machine.
4. Choose the machine with the highest EUAB-EUAC difference. In this case, it is the Supr-X machine.
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The greater the wealth of people in a country, generally, the better the opportunity a firm will have in that particular country. A firm conducting an economic analysis of a country market must look at three major factors: the general economic environment, the market size and population growth, and real income. what is the base. This analysis is based on what theory?
Macroeconomic theory will be the appropriate choice.
Macroeconomic theory: what is it?Macroeconomic theory is very important for every business to function in the current environment, and people use it to comprehend the market so that businesses can operate successfully.
Macroeconomics is the investigation of an economy's overall quality, structure, activity, and decision-making. Using interest rates, taxes, and government expenditure, for instance, to control the expansion and stability of an economy. This covers local, national, and international economies. There are three different categories of macroeconomic policies:
fiscal strategy.
Financial Policy.
Supply-side strategies
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Product-level activities relate to specific products and typically must be carried out regardless of how many batches are run or units of product are made. (true or false)
True. Regardless of the quantity of units or batches generated, product-level activities are those that must be performed in order to manufacture a particular product or product line.
Activities that are required to develop and support a particular product or product line are referred to as product-level activities. Normally, these procedures are carried out regardless of the quantity of units produced or the number of batches executed. Product creation, testing, and costs associated with marketing and advertising a specific product are a few examples of product-level activities. Unit-level activities and batch-level activities, which are carried out for each batch of a product's production and for each unit of a product's production, respectively, are not the same as product-level activities. For accurate cost estimation, well-informed business choices, and effective management of the profitability of a certain product or product line, an understanding of product-level activities is crucial.
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if the minimum wage is set below the equilibrium market wage, it: group of answer choices equals the black market wage. is lower than firms are willing to pay for labor. increases unemployment. is effective and reduces unemployment. none of these answers is correct.
If the minimum wage is set below the equilibrium market wage, it B). is lower than firms are willing to pay for labor.
Thus, the correct option is B.
A minimum wage is the minimum hourly wage that employers must pay their employees. The equilibrium market wage is the wage rate that balances the supply and demand for labor; it's the wage that the market would set if the government didn't intervene.
This market wage rate will be determined by the supply and demand for labor in the market. If the government sets a minimum wage that is lower than the equilibrium market wage, then it is lower than firms are willing to pay for labor.
This means that firms would be willing to pay a higher wage rate than the government-mandated minimum wage. In this situation, there would be no impact on employment or the black market wage rate.
Therefore, we can say that the minimum wage is set below the equilibrium market wage, it is lower than firms are willing to pay for labor. Hence, option B is correct.
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crimson inc. initially introduced a new gadget to the niche market. eventually, other organizations provided the same product at a lower price. hence, crimson had to reduce the price of the gadget to the market price. this is an example of a .
Crimson Inc. initially introduced a new gadget to the niche market. Eventually, other organizations provided the same product at a lower price. Hence, Crimson had to reduce the price of the gadget to the market price. This is an example of price competition.
What is price competition?Price competition is the type of competition that takes place between firms when they lower prices of their products or services to attract customers. Price competition can take place in any market, regardless of the nature of the product or service being sold.
Crimson had to reduce the price of its gadget to the market price because other organizations had provided the same product at a lower price. Crimson Inc. had to reduce the price of its gadget to be competitive in the market because there was a lot of price competition going on. The company had to reduce the price to keep its customers and attract new ones.
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the ohio superintendent of real estate may impose fines of up to $200 to accompany citations issued for minor licensee infractions. what happens to the collected fines?
The collected fines are used to support the regulation and licensing of real estate professionals in Ohio, as well as cover investigative and legal costs when necessary.
The Ohio Superintendent of Real Estate imposes fines of up to $200 for minor licensee infractions. The fines are collected and deposited into a state fund, which is then used to support the regulation and licensing of real estate professionals in Ohio.
The fund is used to pay for the expenses of administering and enforcing the state's real estate laws. The money collected also helps pay for investigative and legal costs when necessary. Additionally, any unused funds may be deposited into the state's General Revenue Fund.
In conclusion, the collected fines are used to support the regulation and licensing of real estate professionals in Ohio, as well as cover investigative and legal costs when necessary. Unused funds are deposited into the state's General Revenue Fund.
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What is the most common consequence for businesses of noncompliance?
The most common consequence for businesses of non-compliance is legal penalties and fines.
What is non-compliance?Non-compliance refers to the failure of an individual or organization to adhere to rules, guidelines, or regulations. Noncompliance can lead to legal or other kinds of consequences depending on the severity of the violation.
What are the consequences of non-compliance?The following are the consequences of non-compliance:
Legal penalties and fines: The most common consequence of noncompliance is legal penalties and fines. The severity of the fines varies depending on the type of non-compliance, but they can be severe enough to put the business out of business.
Reputational damage: Reputational damage is one of the most damaging consequences of noncompliance. A company's reputation is difficult to build, but it can be destroyed in seconds by a single incident of noncompliance.
Loss of customers: Non-compliance can lead to a loss of customers. Customers are wary of dealing with companies that have a history of noncompliance. They prefer companies that have a reputation for being law-abiding and ethical.
Legal action by stakeholders: Non-compliance can lead to legal action by stakeholders. Shareholders, employees, and customers may sue the business if they believe they have been harmed as a result of noncompliance.
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game play sells gaming systems and allows customers to mix and match individual components when placing a system order. which type of facilities layout would best serve game play's production needs?
Game play is a gaming system selling company that allows customers to mix and match individual components while placing their system order. The facilities layout that would best serve the production needs of Game play is "Process Layout".
A process layout is a type of facility layout in which similar or related processes are grouped together. It involves placing machines, tools, and other resources according to the workflow.
This type of layout is generally used for businesses that produce large-scale products with high variation, such as Game play, as it allows them to group processes together based on the required components, which reduces wastage, saves time and effort.
The process layout also provides flexibility, and as a result, it can handle a diverse range of products. So, the process layout is ideal for Game play's production needs as it allows the company to mix and match individual components and focus on each process of production.
Hence, the process layout would best serve Game play's production needs.
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a line worker in a factory is required to produce 50 units to be paid $10. in the context of the schedules of reinforcement, this scenario most likely exemplifies a multiple choice fixed-ratio schedule. fixed-interval schedule. variable-ratio schedule. variable-interval schedule.
the most likely schedule of reinforcement in this scenario is a fixed-ratio schedule. In the context of the schedules of reinforcement, the scenario described most likely exemplifies a fixed-ratio schedule.
In a fixed-ratio schedule of reinforcement, a specific number of responses or behaviors must be completed before a reward or reinforcement is given. In this scenario, the line worker in the factory is required to produce 50 units to be paid $10. This means that the worker must complete a fixed number of units (50) before receiving the reward ($10).
In contrast, a fixed-interval schedule of reinforcement is based on time, where a reward or reinforcement is given after a fixed amount of time has passed, regardless of how many behaviors or responses have been completed. A variable-ratio schedule of reinforcement involves a changing number of responses required to receive a reward or reinforcement, while a variable-interval schedule involves a changing amount of time between reinforcements. Neither of these schedules match the scenario described in the question.
Therefore, the most likely schedule of reinforcement in this scenario is a fixed-ratio schedule.
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for a company with a related diversification strategy, the most appropriate is a functional organizational structure. group of answer choices true false
For a company with a related diversification strategy, the most appropriate is a functional organizational structure. The given statement is true.
What is a functional organizational structure?
A functional organizational structure is a corporate structure in which the various employees and divisions are organized based on their functions. This type of structure organizes employees into various departments based on their specialties, such as accounting, HR, and marketing.
The organizational structure of a firm is a system that outlines how specific actions are directed and how different sections are related to one another.
Companies might be hierarchical, where one person leads the organization and everyone else reports to that individual. In addition, they can be horizontal or flat, which means that there are a few or no tiers of management.
Regardless of the size or form of the company, the corporate structure is an essential aspect of the company's administration. It defines the workers' roles and responsibilities, establishes a system of communication and information sharing, and aids in the achievement of organizational goals.
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the company paid $2,500 cash to rent office space for the month of march. the company received $21,000 cash for repair services provided during march. the company paid $6,700 for salaries for the month of march. the company provided $3,500 of services to customers on account. the company paid cash of $1,000 for utilities for the month of march. the company received $3,600 cash in advance from a customer for repair services to be provided in april. the company purchased $5,500 of land for cash. based on this information, net income for march would be:
Net income for March is $8,600.What is Net Income? Net income is a financial accounting term that refers to the difference between total revenue and total expenses in a given period.
A company's net income is a useful measure of its financial well-being. Net income may be used to calculate a company's earnings per share. What is the formula to calculate net income?
The following formula can be used to compute net income: Net Income = Revenue – Cost of Goods Sold (COGS) – Operating Expenses – Other Expenses + Other Income. Solution for this problem: Revenue: $21,000 Service Revenue earned during the month of March is $21,000.
Rent Expense: $2,500 Rent expense paid during March was $2,500. Salaries Expense: $6,700 Salary expense paid during March was $6,700.Utilities Expense: $1,000 Utilities expense paid during March was $1,000.Land: $5,500 Cash paid for Land is $5,500.
Accounts Receivable: $3,500 Service revenue on account, $3,500 has been provided to customers for the month of March. Advance Received: $3,600Advance cash received from a customer is $3,600.
Determine net income for the month of March using the given information. Net Income = Revenue - (Rent Expense + Salary Expense + Utilities Expense + Land Cost + Other Expenses) + Other Income. Net Income = $21,000 - ($2,500 + $6,700 + $1,000 + $5,500 + $3,500) + $3,600= $21,000 - $19,700 + $3,600= $4,900 + $3,600= $8,600 Therefore, net income for March would be $8,600.
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Net income for March is $8,600. Net income is a financial accounting term that refers to the difference between total revenue and total expenses in a given period.
The following formula can be used to compute net income: Net Income = Revenue – Cost of Goods Sold (COGS) – Operating Expenses – Other Expenses + Other Income. Solution for this problem: Revenue: $21,000 Service Revenue earned during the month of March is $21,000. Rent Expense: $2,500 Rent expense paid during March was $2,500. Salaries Expense: $6,700 Salary expense paid during March was $6,700.Utilities Expense: $1,000 Utilities expense paid during March was $1,000.Land: $5,500 Cash paid for Land is $5,500. Accounts Receivable: $3,500 Service revenue on account, $3,500 has been provided to customers for the month of March. Advance Received: $3,600Advance cash received from a customer is $3,600. Net Income = Revenue - (Rent Expense + Salary Expense + Utilities Expense + Land Cost + Other Expenses) + Other Income. Net Income = $21,000 - ($2,500 + $6,700 + $1,000 + $5,500 + $3,500) + $3,600= $21,000 - $19,700 + $3,600= $4,900 + $3,600= $8,600 Therefore, net income for March would be $8,600.
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Which of the following is not an issuer of bonds?
a. households
b. corporations
c. the U.S. Treasury
d. government agencies
The following is not an issuer of bonds in a. households.
The term "bond issuer" refers to an entity that is authorized to issue bonds to investors to obtain funds. Various organizations can issue bonds to raise money, including the U.S. Treasury, government agencies, corporations, and other institutions. Let's examine the given options: Households- Not an issuer of bonds. This is not an authorized entity to issue bonds. It refers to an individual or family occupying a house as their primary residence. Corporations- Issuer of bonds. Corporations are permitted to issue bonds to raise money to finance their activities and achieve their objectives.
The U.S. Treasury- Issuer of bonds. The US Treasury is permitted to issue bonds to finance the country's operations, including the deficit. Government Agencies- Issuer of bonds. Various government agencies, such as Fannie Mae and Freddie Mac, are permitted to issue bonds to raise money to fund their operations. Therefore, the correct option is "a. households."
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if you determine the cost of goods manufactured for a single product, then you can determine the average unit cost by
By determining the COGM, you can then calculate the average unit cost of the product.
The cost of goods manufactured (COGM) is a calculation of the total cost associated with producing a single unit of a particular product. This calculation includes the cost of the raw materials used, the cost of any labor required, and the cost of any overhead associated with producing the product.
To calculate the average unit cost, you must first divide the total COGM by the total number of units produced. This will give you the average cost for each individual unit produced. For example, if you have a total COGM of $25,000 and have produced 1000 units, then you will have an average unit cost of $25 per unit.
Once you have the average unit cost, you can then use it to calculate other aspects of the product. This can include the pricing for the product, the profitability of the product, and the profitability of producing the product in relation to other products. Knowing the average unit cost of a product can also be used to compare it to similar products produced by competitors.
In conclusion, calculating the cost of goods manufactured (COGM) and then determining the average unit cost is a vital step in understanding the economics of a particular product. It allows businesses to understand how much it costs to produce a single unit, how profitable it is to produce that unit, and how much they should charge for it.
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the beta of a firm is more likely to be high under which two conditions? group of answer choices low cyclical business activity and low operating leverage high cyclical business activity and high operating leverage high cyclical business activity and low operating leverage low cyclical business activity and low financial leverage low financial leverage and low operating leverage
When answering questions on the Brainly platform, it is important to always be factually accurate, professional, and friendly. Answers should be concise and not provide extraneous amounts of detail.
Typos and irrelevant parts of the question should be ignored. The terms listed in the student question should be used in the answer.The beta of a firm is more likely to be high under high cyclical business activity and high operating leverage conditions. This is because in these conditions, the firm is more sensitive to market fluctuations and changes in demand.High cyclical business activity refers to the state of the economy where there are booms and busts. When the economy is booming, businesses see a higher demand for their products and services. Conversely, when the economy is in a bust, businesses experience lower demand for their products and services. In these conditions, the beta of a firm is likely to be high as the company is more sensitive to changes in the market.High operating leverage refers to the degree of fixed costs in the business. A company with high operating leverage has high fixed costs relative to its variable costs. This means that a small change in sales will have a significant impact on the firm's profitability. When a company has high operating leverage, it is more likely to have a high beta as it is more sensitive to changes in the market.In conclusion, the beta of a firm is more likely to be high under high cyclical business activity and high operating leverage conditions.
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Type the correct answer in the box, and use correct spelling
What is the correct strategy that Alejandra must use to deliver a negative message?
Alejandra is a customer relations manager at a toy company. A customer posted a complaint on the company's social media page saying that one of its
toys is unsafe for children. Alejandra should use a/an
strategy to respond to the situation
Answer: Apologise for the mistake and suggest a new plan
Explanation:
Alejandra should apologize for the inconvenience caused due to the product and suggest a plan to rectify the error like giving the customer a discount on the next purchase or replacing the purchased item. She should also assure the customer that steps will be taken to make it safe for the children.
XYZ Ltd commenced business on 1st January 2014. On that day, XYZ Ltd bought equipment on credit from CCC Ltd equipment Ltd at P85 000. The equipment will be used for 5 years and the estimated value at the end of the 5 years is P25, 000. Calculate the depreciation for the equipment at 10% for the first three years using the reducing balance method
The total depreciation for the first three years is P17,000 + P13,600 + P10,880 = P41,480.
To calculate the depreciation for the equipment at 10% for the first three years using the reducing balance method, we need to first determine the annual depreciation rate. The annual depreciation rate is calculated by dividing 100% by the number of years the equipment is expected to be used, which in this case is 5 years. Therefore, the annual depreciation rate is 20%.
Year 1:
The depreciation for the first year is calculated by multiplying the opening balance of the equipment (P85,000) by the annual depreciation rate (20%). The depreciation for the first year is therefore P17,000.
Year 2:
The opening balance for the second year is P85,000 - P17,000 (depreciation for year 1) = P68,000. The depreciation for the second year is calculated by multiplying the opening balance (P68,000) by the annual depreciation rate (20%). The depreciation for the second year is therefore P13,600.
Year 3:
The opening balance for the third year is P68,000 - P13,600 (depreciation for year 2) = P54,400. The depreciation for the third year is calculated by multiplying the opening balance (P54,400) by the annual trade depreciation rate (20%). The depreciation for the third year is therefore P10,880.
Therefore, the total depreciation for the first three years is P17,000 + P13,600 + P10,880 = P41,480.
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which of the following funds is a governmental fund-type? group of answer choices internal service fund. permanent fund. enterprise fund. private-purpose trust fund.
The Governmental Fund-Type includes the Permanent Fund. Option 2 is correct.
The Governmental Fund-Type includes funds that are used to account for the activities of a government that are not related to business-like activities, such as providing public services. The Permanent Fund is a type of governmental fund that is used to account for resources that are legally restricted from being used for current operations, and are intended to be invested to generate income for future use.
This type of fund is commonly used to account for endowments, trusts, and other similar resources. The other options listed are not part of the Governmental Fund-Type. The Internal Service Fund is used to account for services provided to other departments within the same government entity.
The Enterprise Fund is used to account for business-like activities that are intended to generate a profit. The Private-Purpose Trust Fund is used to account for resources that are held in trust for the benefit of individuals, organizations, or other governments. Hence Option 2 is correct.
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