Explain why electronic file organization is a key skill for todays workplace

Uncle Fred recently died and left $280,000 to his 45-year-old favorite niece. She immediately spent $80,000 on a town home but d

Marrrta [24]

Answer:

6.06%

Explanation:

The computation of the rate of return is shown below:

Given that

NPER = 20 years

PV = ($280,000 - $80,000) = $200,000

PMT = $0

FV = $75,000 × PVIFA factor at 10% for 21 years

= $75,000 × 8.6487

= $648,652.50

The following formula should be applied

= RATE(NPER;PMT;-PV;FV;TYPE)

The present value comes in negative

After applying the above formula, the rate of return is 6.06%

7 0

3 years ago

Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding

nexus9112 [7]

Answer:

$7.830

Explanation:

Calculation for the cost per equivalent unit for conversion costs for the month

First step is to compute for the Unit transferred out =

Unit transferred out = 21,400+101,000-34,000

Unit transferred out = 88,400

Second step is to compute for the Equivalent unit of conversion

Equivalent unit of conversion = 88,400+(34,000*70%)

Equivalent unit of conversion = 88,400+23,800

Equivalent unit of conversion = 112,200

Last step is to compute for the Cost per equivalent unit of conversion

Cost per equivalent unit of conversion = (24,700+853,880)/112,200 = 7.931

Cost per equivalent unit of conversion = 878,580/112,200

Cost per equivalent unit of conversion = $7.830

Therefore the cost per equivalent unit for conversion costs for the month is closest to $7.830

5 0

3 years ago

An insurance policy with a higher premium most likely has ...

dimaraw [331]

I believe the answer is: A. Lower deductible

In choosing insurance, the premium is the amount that you should pay to the insurance company in exhange for the coverage of their service. While the deductibles are the amount that you should pay each year before the insurance company start paying on your behalf.

5 0

3 years ago

Read 2 more answers

The budgeted income statement does not rely on information from the ______ budget.

Marta_Voda [28]

The budgeted income statement does not rely on information from the production budget.

<h3>What is a budgeted income statement?</h3>

The expected profit, revenue, and expenses for the upcoming year or months are listed in a budgeted income statement, which is a financial report. Its purpose is to assist businesses in future planning, better decision-making, and resource allocation.

All of the line categories seen in a typical income statement are included in the budgeted income statement, but it is an estimate of what the income statement would look like in future budget periods.

The budgeted income statement makes it easier to compare planned and actual income and expense components at the end of the month. It aids in evaluating the efficiency of the company's financial planning procedure.

To learn more about production budget refer to:

brainly.com/question/17255948

#SPJ4

3 0

1 year ago

1. Why might a company claim that the total cost of employing a person is $15.30 per hour

gavmur [86]

Companies often do work on a cost-reimbursement basis. That is, Company B reimburses Company A for the cost of doing work for Company B. Suppose your company has a contract that calls for reimbursement of direct materials and direct labor, but not overhead. Following are costs that various organizations incur; they fall into three categories: direct materials (DM), direct labor (DL), or overhead (OH). Classify each of these items as direct materials, direct labor, or overhead.

6 0

3 years ago

Explain why electronic file organization is a key skill for todays workplace​

Explain why electronic file organization is a key skill for todays workplace