Answer:
When we get too hot, sweat glands in the skin release more sweat. The sweat evaporates, transferring heat energy from the skin to the environment.
Answer:
The reasons for using the variable-cost approach include all of the following except
this approach provides the most defensible bases for justifying prices to all interested parties.
Explanation:
This is not part of the reasons for using the variable-cost approach. But options b, c, and d are certainly the reasons why the variable-cost approach is used. The variable-cost approach provides a differential analysis for decision-making. It assigns overhead costs to the period in which they are incurred, while other variable costs are assigned to the merchandise produced within that period. Thus, by excluding fixed manufacturing overhead cost, only the direct costs associated with production are used in accounting for the product's costs.
Answer:
B
Explanation:
We are to find the present value of the annuity
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow each year from year 1 to 10 = $4,800
I = 5%
Present value = 37,064.16
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Answer:
Finance lease is as a lease agreement which transfers all the benefits and risks of ownership of the leased asset. A lease is considered as financial lease if it has following characteristics:
It transfers ownership of the asset to the lessee.
It permits the lessee to purchase the asset at the end of the lease period.
Lease term is at least 75% of useful life of the asset.
Present value of lease payment is at least 90% of the fair value of the asset.
The present value of the minimum lease payments ($20.6 million) is greater than 90% of the fair value of the asset $20.16 million (90% x $22 4 million). The lease period is for 8 years which is less than 75% of expected useful life. But, as one condition is met, the lease will be classified as finance lease. Furthermore, it is a sales-type lease with selling profit because the present value of the minimum lease payments($20.6 million) exceeds the lessors cost ($16 million).
Answer:
The correct answer is letter "B": decimal.
Explanation:
Type decimal is used to represent fractions in the decimal system using commas or decimal points -two numbers after the comma or point- and that tends to round their numeric value to the next numeric value to keep a uniform registry among different quantities.
