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4 years ago

By the early 1990s, the world was spending how many dollars a year on war?

1 answer:

4 0

The world spends nearly a trillion dollars each year on weapons of death. ... that affects so many human beings, global expenditures on arms and armies ... In the early 1990s over forty wars were being fought simultaneously around the world.

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In capital budgeting, the accounting rate of return (ARR) decision model: Incorporates the timing of cash flows. Considers the t

fomenos

Answer:

Incorporates the timing of cash flows.

Explanation:

The Accounting Rate of Return uses accrual accounting in order to determine net income instead of actual cash flows like the NPV, payback period or IRR.

ARR = average annual income / average investment.

For example, an increase in accounts receivable is not considered an increase in net cash flows, but it is considered part of total revenue which increases net income

5 0

3 years ago

Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricat

densk [106]

Answer:

Equivalent units of conversion cost = 317,000 units

Explanation:

The equivalent unit is the notional whole units which represent incomplete work and is used to apportion cost between cost between work in progress and completed units

Item units Equivalent units

Opening WIP 80,000 (80,000× 80%) = 64,000

Fully worked 250,000 (250,000× 100) = 250,000

Closing WIP 30,000 (30,000× 10%) = 3,000

Total equivalent units 317,000.

1. DOC for opening inventory is 80%, that is 100%-20%. Remember that 20% work has been done in the previous period, so the balance is to be done in this current period

2. Fully work represent the units of inventory introduced in the current period and completed in the same period. Meaning 100% work was achieved in October .

3. Closing work is only 10% completed. This represent work started this period but not yet completed.

6 0

3 years ago

State chartered banks are required to become members of the federal reserve system.

alex41 [277]

I think that any bank or incorporated banking institutions involved can become members.

3 0

4 years ago

The Harriet Hotel in downtown Boston has 100 rooms that rent for $150 per night. It costs the hotel $30 per room in variable cos

Effectus [21]

Answer:

In order to maximize average daily profit, optimal number of reservations = 100 rooms.

Explanation:

As for the provided information, we have

Total number of rooms = 100

Chances of guests not arriving = 5%

Therefore, guests to arrive = 95%

Thus, bookings = 100/95% = 105.26

Rounding off we have 105 rooms,

Let us assume, all rooms are booked and no cancellation is done, in that case,

Total revenue = $150 $\times$ 100 = $15,000

Less: Overbooked charges = $200 $\times$ 5 = ($1,000)

Less: Variable Cost = $30 $\times$ 100 = ($3,000)

Thus total revenue will be $11,000

In case of booking of 100 rooms the net revenue in case of 5% cancellations, shall be:

Rooms booked = 100 - 5% = 95

Revenue = 95 $\times$ $150 = $14,250

Less: Variable Costs = 95 $\times$ $30 = ($2,850)

Thus total revenue = $11,400

Since profit in case of booking 100 rooms is more in any case, even in case of least cancellation the revenue will increase.

Thus, this is the optimal number of reservations = 100

6 0

3 years ago

The purpose of posting is to A. list the transactions in chronological order in the journal. B. provide an explanation of the tr

avanturin [10]

The correct answer is
C. update the account balances in the ledger.

Here, the word posting is used in its economic meaning which means what you wrote under C. It's not posting like when you post on facebook or similar. Updating the balance in the ledger is of extreme importance for avoiding problems with the law of avoiding things like bankruptcy.

7 0

3 years ago

Read 2 more answers