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4 years ago

A process cost system would most likely be used by a company that makes select one:

1 answer:

8 0

<span>A process cost system would most likely be used by a company that makes breakfast cereal. A process cost system is used in accounting as a method to collect and assign manufacturing costs for each unit produced. Since cereal is a pretty straight forward manufacturing process this system makes sense due to mass production of similar units being produced.

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ensen Enterprises paid $1,300 in dividends and $920 in interest this past year. Common stock increased by $1,200 and retained ea

Alenkasestr [34]

Answer: $990

Explanation:

Based on the information that we are given in the question, the net income will be calculated as:

= Dividends + Retained earnings

= $1300 + (-$310)

= $1300 - $310

= $990

Therefore, the net income is $990.

3 0

3 years ago

Jim has an annual income of $180,000. Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners i

MariettaO [177]

Answer:

$787,471.02

Explanation:

Given:

Jim's annual income = $180,000

Monthly property taxes = $140

Monthly homeowners insurance = $70

Monthly student loan payments = $178

Maximum front end DTI limit = 28%

Maximum back end DTI limit = 36%

Amortizing period = 30 years = 360 months

annual rate = 4.5% compounded monthly

Now,

Monthly salary = $\frac{\textup{Annual income}}{\textup{12 months}}$

Monthly salary = $\frac{\textup{180,000}}{\textup{12 months}}$

Monthly salary = $15,000

Maximum front end DTI limit

= (Maximum Monthly loan payment + monthly property taxes + monthly homeowner's insurance) ÷ Monthly income

0.28 × $15,000 = Maximum Monthly loan payment + $140 + $70

Maximum Monthly loan payment = $4,200 - $140 - $70

= $3,990

and,

Maximum back end DTI limit =

0.36 × $15,000 = Maximum Monthly loan payment + $140 + $70 + $178

Maximum Monthly loan payment = $5,400 - $140 - $70 - $178

= $5,012

Now,

The monthly payment = minimum of [ $3990, $5012 ]

therefore,

The monthly payment = $3,990

Thus,

The maximum amount of loan = Monthly payment × $[\frac{(1-(1+\frac{r}{k})^{-kn})}{(\frac{r}{k})}]$

here,

k = 12 when compounded monthly

n = 30 years

r = 4.5% = 0.045

The maximum amount of loan = $3,990 × $[\frac{(1-(1+\frac{0.045}{12})^{-12\times30})}{(\frac{0.045}{12})}]$

The maximum amount of loan = $787,471.02

8 0

3 years ago

Bela is a marketing and sales employee at Hopscotch Foods Inc. She has invented a new way to process and pack the company's food

liubo4ka [24]

Answer:

An intrapreneur

Explanation:

An intrapreneur is an employee who is granted the permission to make a new commodity without having to be worried if the product will actually become a source of profit for the company. Unlike an entrepreneur, who encounters personal risk when a product fails to yield profit , an intrepreneur will continue to receive a salary even if the product does not make it to production.

However, an intrapreneur has full access to the resources and capabilities of the organisation.

6 0

3 years ago

Read 2 more answers

The relationship between employer and employee can be thought of in terms of a(n) ____, a description of what an employee expect

nydimaria [60]

Answer:

The answer is: psychological contract

Explanation:

Psychological contracts are the expectations or promises exchanged between the parties; employer, employee, or even fellow employees, in an employment relationship. They are not written contracts, but they often implicit or understood between the parties. For example, an employee expects that if he or she works really hard, eventually he or she will receive a promotion or a salary raise.

8 0

3 years ago

What are the starting and stopping points of the development of the self during the life course?

Marina CMI [18]

Answer:

Starting Points of the development of the Self.

* When we feel an urge, motivation and desire that we should learn something extraordinary to improve our self.

* When we feel we are lacking something, it could be regarding learning new technology, learning new sports or anything which we feel we are not good at.

* When we see others then instead a jealousy feeling, we find them as a good and better human being than us, then we start idealizing them and followed by learning the same set of skills which we think they possess.

Starting Points of the development of the Self.

* When we start thinking that we know each and everything, that's the point when we stop learning for new skills ans about new things, and ultimately our progress stops there.

* While seeing others, when we feel jealously kind of feelings for them, then instead of admiring their potential we start leg-pulling and other negative techniques, which means we have stopped our own development of the self.

* Instead of taking interests in new skills, knowledge and technology, we start feeling better with the one which we have, not only this, but we also feel that the tings which we possess are the best-est of all, then we stop progressing.

5 0

3 years ago