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3 years ago

Plz, help ASAP!!!!

Business

1 answer:

chubhunter [2.5K]3 years ago

6 0

Answer:

The incorrect statement is letter "D": Saving can only be done in person. Investing can be done both in person and online.

Explanation:

There are several differences between saving and investing. Both of them have the potential to grow capital over a specific period. While saving is beneficial in the short run, investment is in the long run.

Though, saving money implies depositing it in an account to make a profit out of the annual interest rate offered by banks. <em>The money can be deposited in person, through wire transfers or online transfers between accounts</em>. Investing is characterized by risking money through acquiring assets such as stocks, bonds, or mutual funds. That money can be provided by the investor in a meeting with the people in charge of managing the money or through online brokers.

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The predetermined overhead rate is based on the relationship between _____.

Maslowich

Answer:

(A) estimated annual costs and expected annual activity

Explanation:

The formula to compute the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours or estimated machine hours)

It is always calculated on the estimated amount and estimated annual activity i.e direct labor hours or machine hours

So the correct option is a.

7 0

3 years ago

If your employer offers a retirement plan, don’t participate in it. Don’t bother to set target dates for achieving your financia

CaHeK987 [17]

Answer: Please refer to Explanation

Explanation:

If your employer offers a retirement plan, don’t participate in it. Yes.

Having a retirement plan with your employer especially one in which you are a 100% vested is a drain on your income. It might have benefits in future when you retire but if you want to engage in financial planning, you need to have access to every penny and that includes the money going to the retirement plan.

Don’t bother to set target dates for achieving your financial goals. No

Setting a target date for various amounts in your financial goals enables you to work towards them with more determination. It is important to set target dates.

Pay credit card balances in full each month. Yes

Paying your credit card balance in full every month helps you avoid interest accruing as well as increasing your credit score. It is therefore very important to pay off the balance in full every month which will be easier as long as you charge things to it that you can afford.

Start saving early in life and save throughout your life. Yes.

The more you save the more you have to invest. This is why you should start saving early if you want to engage in financial planning. You need to formulate the determination to save every time. And don't just save for saving's case, save to invest.

3 0

3 years ago

Jeff believes in the principle of rights theory and uses it to make ethical decisions for his business. He must decide whether t

PSYCHO15rus [73]

How his decision will affect the rights of his employees, his consumers, and others

3 0

2 years ago

Bailey Industries expects sales for January, February, and March to be $220,000, $260,000, and $300,000 respectively. It is e

OlgaM077 [116]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Sales:

January=$220,000

February= $260,000

It is expected that 75% of its sales will be collected in cash during the month of sale, and the remaining 25% will be collected in the month following the sale.

<u>Cash collection:</u>

From January= 220,000*0.25= 55,000

From February= 260,000*0.75= 195,000

Total cash collection= $250,000

3 0

3 years ago

Monique’s Florals produced a special Mother’s Day arrangement that included eight roses. The standard and actual costs of the ro

Dmitry [639]

Answer:

1. Total flexible budget materials variance $189 Favourable

2. Materials price variance $513 Favorable

3. Materials usage variance $324 Unfavorable

4. Total Variance $189 Favorable

Explanation:

1. Calculation to Determine the total flexible budget materials variance

Using this formula

Total flexible budget materials variance=Standard cost - Actual cost

Let plug in the formula

Total flexible budget materials variance=($ 8.19*900)-($ 7.98*900)

Total flexible budget materials variance=$7,371-$7,182

Total flexible budget materials variance=$189 Favourable

Therefore Total flexible budget materials variance is $189 Favorable

2. Calculation to Determine the materials price variance

Using this formula

Materials price variance=(Standard price -Actual price)*Actual quatity

Let plug in the formula

Materials price variance=($ 0.90 - $ 0.84)*(900*9.50)

Materials price variance=$0.06*8,550

Materials price variance=$513 Favorable

Therefore Materials price variance is $513 Favorable

3. Calculation to Determine the materials usage variance

Using this formula

Materials usage variance=(Standard quatity-Actual quantity)*Standard price

Let plug in the formula

Materials usage variance=[(900*9.10)-8,550]*$ $0.90

Materials usage variance=(8,190-8,550)*$0.90

Materials usage variance=-360*$0.90

Materials usage variance=$324 Unfavorable

Therefore Materials usage variance is $324 Unfavorable

4. Calculation to Confirm the accuracy of Requirements a, b, and c

Materials price variance is $513 Favorable

Less Materials usage variance $324 Unfavorable

Total Variance $189 Favorable

Therefore the accuracy of Requirements a, b, and c is $189 Favorable

8 0

3 years ago