Answer:
The answer is 14%
Explanation:
Formula for Future value (FV) FV = PV (1+ni)
Whereas FV= Future value, PV = present value, n= number of years, i= TVOM in percentage
Rearranging the formula for i
i = (FV/PV)-1
So, i = (5,700/5,000)-1
i = 1.14-1
i = 0.14
i = 14%
(0.14x100=14%)
Essentially, what this question is asking is: "what do the suppliers do?" The suppliers can be the producers, which means that they can produce the product, but they don't need to be, and they can buy the product off the produces and offer it to sell to the consumers: this is the correct answer also, to "offer to sell"
The manager of a profit center has control over both costs and revenues, but not over the use of funds.
A profit center's manager controls cost and income but not how investment funds are used. They help management make decisions on how to allocate funds, come up with plans for underperforming units, etc. They aid in financial control by making it easier to spot differences between planned and actual spending.
<h3>
What does a profit center manager do?</h3>
In a profit center, the manager is in charge of the subunit's revenue production. Additionally, they are in charge of the costs and expenditures made by the component as part of regular company operations. Therefore, the profit of the subunit is the responsibility of the manager of a profit center.
A profit center manager is responsible for both sales and outlays expenses, and consequently for profits. This means that the manager is responsible for overseeing the cost-generating activities while pushing the sales revenue-generating activities that result in cash inflows.
Learn more about Profit Center Manager here:
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Answer:
a. -$783 Unfavorable
b. 550 Favorable
Explanation:
a. The computation of Variable Overhead Rate Variance is shown below:-
Variable Overhead Rate Variance = Actual hours × (Standard Variable Overhead rate per hour - Actual Variable Overhead rate per hour)
= 8,700 × ($4.10 - ($36,540 ÷ 8,700)
= 8,700 × ($4.10 - $4.19)
= 8,700 × -$0.09
= -$783 Unfavorable
b. The computation of Variable Overhead Efficiency Variance is shown below:-
Variable Overhead Efficiency Variance = Standard Variable Overhead Rate per Hour × (Standard Hours for Actual Production - Actual Hours)
= 5.5 × ((5.5 × 1,600) - 8,700)
= 5.5 × (8,800 - 8,700)
= 5.5 × 100
= 550 Favorable
Answer:
c.undergo the process of planning and operating a business venture
Explanation:
The definition of an entrepreneur is someone who seeks a market opportunity, and once it is found, starts a business with the goal of exploiting that market opportunity, investing capital and labor and incurring in financial risks, with the goal of obtaining a profit.
In other words, a true entrepreneur has to plan the way the business will be set up, including planning for capital, labor, and land costs. After the business is started, a true entrepreneur becomes the primary manager, which means that the operation of the business falls under his responsability.
