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adoni [48]
3 years ago
7

An investment earns 35% the first year, earns 40% the second year, and loses 37% the third year. The total compound return over

the 3 years was ______. Multiple Choice 158.93% 19.07% 38.00% 6.36%
Business
1 answer:
svetoff [14.1K]3 years ago
7 0

Answer:

19.07%

Explanation:

The computation of the total compound return over the 3 years is shown below:

= (1 + investment percentage earned in first year) × (1 +  investment percentage earned in second year)  × (1 +  investment percentage loss in second year)

= (1 + 0.35) × (1 + 0.40) × (1 - 0.37)

= 1.35 × 1.40 × 0.63

= 1.1907

= 19.07%

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Since it‘s where most young adults spend their time, 50% of retailers spend at least half of their marketing money on.
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Since it‘s where most young adults spend their time, 50% of retailers spend at least half of their marketing money on Mobile social advertising.

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1 year ago
Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding D
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Answer:

The cost per equivalent unit of materials is $2.28

Explanation:

The Concept of Equivalent units measures the number of units complete to the extent of the input elements added during production.

The FIFO method in Process costing Accounts for Costs only incurred during the Manufacturing Period. Also, The Opening Work In Process is Assumed to be completed first.

<em>The First Step is to Calculate the Total Equivalent Units of Production for Raw Materials :</em>

To finish Opening Work In Process (34,000 × 0%)         =        0

Started and Completed ((153,000 - 34,000) × 100% )     =  119,000

Closing Work In Process (34,500 × 100%)                       =   34,500

Total Equivalent Units of Production                               =   153,500

<em>The Next and Final Step is to calculate the cost per equivalent unit of materials.</em>

Cost per equivalent unit = Total Cost During the Current Period / Total Equivalent Units of Production

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                                           = $2.2776872

                                           = $2.28 (2 decimal places)

Conclusion :

The cost per equivalent unit of materials is $2.28

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