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xeze [42]
2 years ago
9

A new pair of sneakers costs $70 now. what is the cost of the shoes 5 years from now if the price increases 8% per year?

Business
1 answer:
DedPeter [7]2 years ago
4 0

the cost of the shoes 5 years from now if the price increases 8% per year :- $103.

What is percentage?

A % in mathematics is a quantity or ratio that is stated as a fraction of 100 (from the Latin per centum, "by a hundred"). Although the abbreviations "pct.", "pct.", and occasionally "pc" are also used, the percent sign, "%," is frequently used to indicate it. A % lacks dimensions and has no associated unit of measurement. %, which is a relative figure used to denote hundredths of any quantity. Since one percent (symbolized as 1%) is equal to one hundredth of something, 100 percent stands for everything, and 200 percent refers to twice the amount specified. percentage.

The provided value will be multiplied by 100 to determine the percentage. As an illustration, the supplied number is 0.55. In percentage terms, 0.55 * 100 equals 55%.

To learn more about percentage with the help of given link:

brainly.com/question/28196353

#SPJ4

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Which of the following statements are true concerning the predetermined overhead rate when the direct labor-hour requirement for
In-s [12.5K]

Answer: The predetermined overhead rate increased because the total direct labor-hours dropped

Explanation:

The predetermined overhead rate refers to an allocation rate which is used in applying the estimated manufacturing overhead cost to the cost objects for a particular reporting period.

When there's reduction in the direct labor-hour requirement from 5 hours to 2 hours, the predetermined overhead rate increased because the total direct labor-hours dropped

The predetermined overhead rate is calculated as the total overhead cost divided by the machine hour. Therefore, if there's reduction in the direct labor hour rate, then there will be a rise in the predetermined overhead rate.

6 0
2 years ago
Jasper Company provided the following information for last year:
sdas [7]

Answer:                        

Explanation:

1.                                     Jasper Company

                                      Income Statement

                                                                                         

            Sales (280000 x $12)                                  $3360000

            <u>Less: Cost of goods sold</u>

            Add: Direct Material                   $180000

            Add: Direct Labor                       $505000

            Add: Manufacturing Overhead  <u>$110000</u>

            Cost of goods sold                                      <u>($795000)</u>

            Gross Profit                                                  $ 2565000

           <u>Less: Expenses</u>

           Selling expense                           $437000

           Administrative expense              <u>$854000</u>

          Total expenses                                               <u>($1291000)</u>

          Net income                                                     <u> $1274000</u>

Percentage of sales for each line item

Sales = 100%

Cost of goods sold: \frac{795000}{3360000} x 100= 23.7%

Selling expense : \frac{437000}{3360000} x 100 = 13%

Administrative expense: \frac{854000}{3360000} x 100 = 25.4 %

2. According to the income statement in requirement 1, the manager can control cost by outsourcing the product if it is cheaper to get it from a third party in order to cut/control cost of goods sold.

Manager can also try controlling the administrative expenses as they are taking a bigger proportion than any other cost/ expense.

7 0
3 years ago
Dane is a stockholder in smallworld, inc., a c corporation that manufactures amusement park rides. the company recently lost a m
Georgia [21]
Dane and the other stockholders will lose their investments but nothing else. Because Dane and others are stockholders in this company, they will lose the money that they had invested in the company and they will no longer receive any dividend from the company again because the company has gone bankrupt. Dane and others are not liable for other debts that had been acquired by the company. 
7 0
3 years ago
The manager of the Boston Red Sox notices that his outfield star, Fenway Fred, has gone hitless in his last ten at bats. Which m
Zepler [3.9K]

Answer:

controlling

Explanation:

Based on the information provided within the question it can be said that the manager is performing the management function known as controlling. This function focuses on analyzing a situation and checking for errors in order to be able to take corrective actions. Which in this scenario, by seeing that the outfield star is having a problem getting hits, the manager can now take appropriate measures to try and solve this problem.

7 0
3 years ago
Why might one firm have positive cash flows and be headed for financial trouble?
Katena32 [7]
A cash flow statement merely describes the net change in a company's cash flow in investment, operational, and financial activities at a given period in time. As such, a bad debt in the company's portfolio cannot be reflected correctly in the cash flow statement. A company can also result to selling products at a much lower prices than it purchased them. While this is reflected in the cash flow statement, it does not translate into overall profitability of the concerned company.
6 0
3 years ago
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