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tresset_1 [31]
3 years ago
5

Which of the following is a way to use credit responsibly? Question 1 options: Paying only the minimum payment each month Unders

tanding the account's interest rate Opening several different credit accounts
Business
1 answer:
SSSSS [86.1K]3 years ago
8 0
Understanding the accounts interest rate
You might be interested in
Once values and ethical standards have been formally adopted, a company must …….. A. require every employee to memorize the comp
grandymaker [24]

Answer:

B. make it unequivocally clear that the company's core values and ethical standards are strictly enforced cultural norms.

Explanation:

Once values and ethical standards have been formally adopted, a company must make it unequivocally clear that the company's core values and ethical standards are strictly enforced cultural norms.

This ultimately implies that, when an organization has developed its policy which normally connotes its values and ethical standards, it is very important and essential that it communicates succinctly to its employees they must abide by this policy and must be strongly adopted and adhered to by them.

7 0
3 years ago
Major Corp. is considering the purchase of a new machine for $5,000 that will have an estimated useful life of 5 years and no sa
Yuri [45]

Answer:

2.5 years

Explanation:

The payback method calculates how many years it will take the company to recover the investment's cost without considering any discount rate. The formula sued to calculate the payback period is:

payback period = investment cost / annual cash flow

payback period = $5,000 / $2,000 = 2.5

3 0
3 years ago
Actual production 11,620 packages Budgeted production 12,500 packages Standard direct labor hours 1.52 direct labor hours per pa
Alona [7]

Answer:

8,450 Favorable ; 3,206 Unfavorable

Explanation:

Variable overhead spending variance:

= (Standard rate - Actual rate) × Actual hours

=  ($3 × 18,731) - $47,743

= 8,450 Favorable

Variable overhead efficiency variance:

= (Standard hour -  Actual hour)  × Standard rate

= [(11,620 × 1.52) -  18,731] × $3

= (-1,068.6)  ×  $3

= 3,206  Unfavorable

5 0
3 years ago
Westerville Company reported the following results from last year’s operations: Sales $ 1,200,000 Variable expenses 320,000 Cont
lidiya [134]

Answer:

1) Last years' margin = Net operating income÷ Sales    

                              =  240,000÷1,200,000

                              = 0.2= 20%

2) Last years' turnover = Sales ÷ Average operating assets

                                       = 1,200,000 ÷ 600,000

                                        = 2

3) Last years' return on investment = Margin ratio × turnover ratio

                                                             = 20% × 2 = 40%

4) Margin for this years' investment = Net operating income ÷ Sales

                                                           = 36,000 ÷ 240,000

                                                           = 0.15 = 15%

4 0
3 years ago
A cost-benefit analysis of a highway is difficult to conduct because analysts a. are unlikely to have access to costs on similar
antoniya [11.8K]

Answer:

d. will have difficulty estimating the value of the highway.

Explanation:

Cost-benefit analysis (CBA) is used to examine and compare the cost associated with a project or task and the benefits derived from it.

Simply stated, cost-benefit analysis is a form of utilitarianism commonly used by individuals, business firms and government in the decision-making process, as all the cost incurred are determined and analyzed.

This ultimately implies that, it may be used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.

Cost-benefit analysis (CBA) sums the total cost associated with a project (activity) and compares this cost against the total benefits that would be generated. Thus, it helps in the decision-making process by comparing the net present value (NPV) of the cost of a particular project with the net present value (NPV) of its benefits.

In this context, the cost-benefit analysis of a highway would be difficult to conduct because analysts will have difficulty estimating the value of the highway.

This ultimately implies that, the value or cost benefits associated with the highway is difficult to ascertain or estimate.

6 0
2 years ago
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