Standard costs have the following characteristics which include:
- Used in preparing fixed budgets.
- Based on past experience and data.
- Used in preparing flexible budgets.
<h3>What is Standard cost?</h3>
This refers to the estimated cost involved in the production of goods and services and is usually compared with the actual cost to measure disparities.
It is usually gotten based on past experience and data and can be used to prepare different types of budget used by different organizations and government as a whole.
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Answer:
A. maturity date is the correct answer.
Explanation:
The real return is the difference between the nominal and actual rate of inflation. Therefore, the real return revived by Luigi will be 6%.
<u>Given</u><u> </u><u>the</u><u> </u><u>Parameters</u><u> </u><u>:</u>
- <em>Nominal rate = 7% </em>
- <em>Actual rate of inflation = 1%</em>
<em>Real return = Nominal rate - Actual rate of return </em>
Real Return = 7% - 1% = 6%
Therefore, the real return on Luigi's money would be 6%
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Answer:
C. 4.29 years
Explanation:
The computation of the payback period is shown below:
Payback period = Initial investment of the equipment ÷ Cash flows
where,
Initial investment = $30,000
And, the cash flows is
= $8,500 - $1,500
= $7,000
So the payback period is
= $30,000 ÷ $7,000
= 4.29 years
By dividing the initial investment by the cash flows we can get the payback period and the same is applied above.
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