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kolezko [41]
3 years ago
7

Gloria is saving for her daughter’s college education. She wants to have $100,000 available when her daughter graduates from hig

h school in four years. If the investment she is
considering will pay 7.25 percent compounded monthly, how much will she have to invest todayto reach her target? (Round to the nearest dollar.)
1.$35,987
2.$49,659
3.$75,581
4.$97,619
5.$74,892
Business
1 answer:
Helen [10]3 years ago
4 0

Answer:

The correct answer is that Gloria would have to invest $75,581 today at the rate of 7.25 % to receive $100000 in four years,hence option is correct

Explanation:

FV=PV(1+r)^t

FV=$100000

PV= is unknown

r=7.25%

t=4years

PV=FV/(1+r)^t

PV=100000/(1+0.0725)^4

=$75581

Hence the amount Gloria has to invest today is $75581

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Cost-benefit analysis attempts to A. compare the real worth, rather than the market values, of various goods and services. B. co
statuscvo [17]

Answer:

<u>Letter D is correct. C</u>ompare the benefits and costs associated with any economic project or activity.

Explanation:

A cost-benefit analysis is a business approach used to ascertain the main strengths and weaknesses of an organization as a whole. This includes the process of all organizational activities, transactions, and other substantial requirements for the company. The purpose of this approach is to compare the benefits and costs associated with the organization's activities and find ways to reduce costs, time and maximize earnings.

8 0
3 years ago
Describe a communication situation with all the elements of communication​
Mariana [72]

Explanation:

Simply, we can define communication as “sharing of ideas or feelings with others.” Communication takes places when one person transmits information and understanding to another person. There is a communication when you respond or listen to someone. Movements of lips, the wave of hands or the wink of an eye may convey more meaning than even written or spoken words. The basic elements of communication process include communicator, communicatee, message, channel and feedback.

- Communicator is the sender, speaker, issuer or writer, who intends to express or send out a message.

- Communicatee is the receiver of the message for whom the communication is meant. The communicatee receives the information, order or message.

- Message, which is also known as the subject matter of this process, i.e., the content of the letter, speech, order, information, idea, or suggestion.

- Communication channel or the media through which the sender passes the information and understanding to the receiver. It acts as a connection between the communicator and the communicatee, i.e., the levels of communication or relationships that exist between different individuals or departments of an organization.

- Feedback, which is essential to make communication, a successful one. It is the effect, reply or reaction of the information transmitted to the communicatee.

Firstly, the communicator develops an exact idea about concepts, beliefs or data that he wants to convey. Then he translates the idea into words, symbols or some other form of message which he expects the receiver to understand. The communicator picks out an appropriate medium for transmitting the message. The message is then received by the communicate. The communicate acts upon the message as he has understood it. Finally, the effectualness of communication is assessed through response or feedback. If the communication brings in the desired changes in the actions, it is said to be successful communication.

Hope It Helps Pls Mark BranLiest

8 0
3 years ago
A short explanation of a company's goals for the future is called what? (Select the best answer.)
soldier1979 [14.2K]

wrong its a vision statement !!!!

6 0
3 years ago
Carolina Hills Manufacturing has two processing departments, Department I and Department II. During the year, direct materials w
Taya2010 [7]

Answer:

Journal Entry to record the transaction

Dr. Work in Process Department I          $280,000      

Dr. Work in Process Department II         $300,000      

Dr. Manufacturing Overhead                  $8,000

Cr. Material Inventory                               $588,000

Explanation:

The direct material is charged to the work in process account, because it is an direct expense and all the direct expenses are charged to the work in process account like indirect material, indirect labor etc.

The indirect material is charged to manufacturing overhead account because all the indirect expenses are charged to the manufacturing overhead account like indirect material, indirect labor etc.

These inventories are issued from the material inventory, so to deduct the issued value from the material inventory account, the total value of direct and indirect issuance is credited to record the effect.

7 0
3 years ago
Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $118,5
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Answer:

Explanation:

For passing the journal entry, first, we have to compute the predetermined overhead rate to know that whether the overhead is under applied or over applied.

Predetermine overhead rate = Estimated overhead cost ÷ direct labor cost

= $118,500 ÷ $125,600

=0.94

Now, we can compute the under applied or over applied overhead which is shown below:

= Actual direct labor cost × Pre determined overhead rate - actual overhead

= $115,800 × 0.94 - $108,000

= $108,852 - $108,000

= $852

Since the amount is in positive, so it is over applied overhead and the journal entry is given below:

Manufacturing overhead A/c Dr    $852

       To Cost of goods sold                               $852

(Being over applied overhead closed)

3 0
3 years ago
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