Answer:
FV= $6,124.46
Explanation:
Giving the following information:
You plan to save $1,400 for the next four years, beginning now, to pay for a vacation. If you can invest it at 6 percent annually,
Annual deposit= $1,400
Number of periods= 4 years
Interest rate= 6%
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {1,400*[(1.06^4) - 1]} / 0.06
FV= $6,124.46
Answer:
Direct Material Price Variance = $300 Favorable
Explanation:
Direct Material Price Variance = (Standard Price - Actual Price) 
Actual Quantity
Standard Price = $4 per pound
Actual Price = 
= 
Since the actual price is less than the standard price the variance will be favorable as the amount paid for actual use is less then the estimated standard cost.
Thus, direct material price variance = ($4 - $3.8) 1,500
= $300 Favorable
Answer:
For comprehension purpose, I would attach options to the question:
All of the following are required resources for differentiation except:
A. Strong marketing capability B. Corporate reputation for quality. C. Product engineering. D. Intense supervision of labor.
The correct answer is Option D (Intense supervision of labor)
Explanation:
The differentiation asked in the question above is product differentiation.
Product differentiation, in Economics, talks about the efficient way a producer or seller of a product makes it unique in the market thereby creating an edge between the product and other similar ones or other products.
So, strong marketing capability exposes the strength and uniqueness of the product to prospective buyers which in turn brings sales.
Corporate reputation and product engineering are a strong boost in sales, as reputable companies and the physical appearance of a product tend to get easy acceptance in the market. While Intense supervision of labor may increase the efficiency of production but it is not to be considered as a resource for differentiation.
<h2>
True. The early detection of fraud avoids greater loss.</h2>
Explanation:
The early detection of fraud needs to be done for the following reason:
- Fraud will continue if not found earlier and thus leads to greater loss
- The fraud team is not widen before huge loss happens
- Easy to recover
- Possibility of finding the loop holes even if it is from external sources
- Detects weakness in the internal control and eradicate and make the system secure
- Avoid huge loss and threats
- To gain profits
- To keep up the name of the organization
- To bring business and to retain customers
