Answer:
$38,536.3567
Explanation:
Given that,
Annual salary = $31,000
Growth rate = 2.2 percent per year
Time period = 10 years
Salary 10 years from today:
= Current salary × (1 + Growth rate)^{Period}
= $31,000 × (1 + 0.022)^{10}
= $31,000 × 1.24310828
= $38,536.3567
Therefore, the annual salary of this person ten years from today is $38,536.3567.
Answer:
A) True
Explanation:
A good way to think about it is that industry, a general term for businesses engaging in productive practices, is concerned with the production of goods. These are the goods that are demanded by consumers. So as 'industry' is supplying those goods, it must be on the supply side of the market.
Answer:
The below solution will guide your believe of what should be appropriate qualitative assumptions for inherent risk.
Explanation:
Answer:
Franchises.
Explanation:
A franchise is formed when a third party is given the right to market products using the brand name of a parent company. There is usually an agreement between the parent company and the third party on profit sharing from the franchise.
In this scenario Keith wants to try a brand recognition of a national chain, but he wants to stay in his local area and be the owner of the shop.
The best option is to form a franchise where he can use the national brand to grow his business locally.
Answer:
The standard cost is $5 per lbs
each units uses 2 lbs, so the unit stadard cost is $10
Explanation:
Volume variance
std quantity 2800.00 (1,400 units times 2 pounds per unit)
actual quantity 3000.00
std cost ??
difference -200.00
efficiency variance $(1,000.00)
-200 x Std cost = -1,000
Standard cost = -1,000/-200 = 5
The standard cost is $5 per lbs
each units uses 2 lbs, so the unit stadard cost is $10
