Answer:
Explanation:
The main concept that needs to be understood is the idea of getting paid interest on money that you made from interest payments. This is technically the entire system of compound interest, you invest money into something that provides such interest. You get paid a percentage interest on that money, you then reinvest that payment back into the same investment. Now your next interest payment will be more due to the reinvested amount, and so on. This drastically increases the amount of money that is made over time.
Answer:
$214
Explanation:
If we can assume that Jorge's monthly expenses once he buys the car will only increase by = gas ($42) + insurance ($100) + (maintenance and repairs ($24) = $166 in total,
Then he will have $214 to cover his monthly car payment: excess monthly cash flow - total additional expenses = 380 - $166 = $214
the actual cost per direct labor hour must be $17.56
<h3>What is
direct labor?</h3>
A direct labor cost is a component of a wage bill or payroll that can be specifically and consistently assigned to or associated with the production of a product, a specific work order, or the provision of a service.
Variable labor, fixed labor, direct labor, and indirect labor are the four types of labor costs.
Labor cost is an important value that finance and accounting professionals calculate to determine a company's direct and indirect labor costs. Wages and benefits for employees directly involved in the production of the product or service commodity are included in the direct cost of labor.
To know more about direct labor follow the link:
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Answer:
The answer is: A) How goods and services are produced.
Explanation:
Operations management tries to crest the highest possible level of efficiency within an organization.
One of its main concerns is how to transform materials and labor into goods (or services) as efficiently as possible to maximize profit.
In order to maximize efficiency, operations managers must be experts on the production processes of the organization.
Answer:
Net operating income will increase by $3664.
Explanation:
Credit card sales = $11.200
Card fees = 3% * $11.200 = $336
Cost of goods sold = $7.200
Net operating income = Sales - Cost of goods sold - card fees
Net operating income = $11.200 - $7.200 - $336 = $3664.
So, net operating income will increase by $3664.