Answer:
b. Used to estimate how fast prices will double using a given annual inflation rate
Explanation:
Rule of 72 is a fast statistical method to determine how long an investment will double given annual interest rate.
Simply divide 72 by the annual interest rate.
Alternatively it can be used to calculated annual rate of return required to double investment.
Alternatively it can be used to calculate annual rate of return required to double an investment.
For example if $1,000 is to be doubled in 5 years.
Years to double= 72/ Interest
Interest= 72/5= 14.4%
The best way to handle this situation in a more professional way is to advice and tell the employee that his or her habit of being late had affected the department's ability. It is best to tell him or her that his or her presence is needed in order to get the job done and to be able to make the works or tasks that is being sent to the department more faster if he or she would come early and help with the other employees.
Answer:
c. It refers to an increase in the average level of prices.
Explanation:
Inflation refers to a constant increase in the average prices of goods and services in the economy over time. Inflation means consumers will pay more for a similar basket of goods and services than they did in a previous period. Economists use Inflation as a measure of the rate at which the general prices are rising.
A high rate of Inflation without a corresponding rise in incomes erodes the purchasing power of households and firms. The consumer price index CPI is the common index used to measure the inflation rate. Should the inflation rate increase at a very high rate, governments, through the central bank, applies monetary policies to regulate it.
Answer:
B. Strong, because the CEO is setting expectations for ethical behavior and holding violators accountable
Explanation:
Ethics are a set of moral principles that defines acceptable and good behaviour of individuals in a society.
For ethical standards to be strong there is need to set expectations of ethical standards from society members and hold violators accountable.
This will discourage others that want to express unethical behaviour.
In the given scenario the CEO is setting a strong strong ethical system by drafting a new code of ethics with an expanded set of policies related to sexual harassment, creating a series of mandatory workshops for its workforce, and firing the managers involved in the incidents.
Answer:
the total period cost for the month under variable costing is $46,700
Explanation:
Product Cost Under Variable Costing = Direct Materials + Direct Labor + Variable Overheads
Period Cost Under Variable Costing = Fixed Manufacturing Overheads + All Non-Manufacturing Overheads (Variable and Fixed)
<u>Calculation for the total period cost - Varible Costing</u>
Variable selling and administrative expense ( $ 7× 1,070 Units) $ 7,490
Fixed manufacturing overhead $ 13,530
Fixed selling and administrative expense $ 25,680
Total period cost for the month $46,700