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3 years ago

Aaron wants to open a savings account.Which account will grow his money the most?

Business

1 answer:

mash [69]3 years ago

6 0

Answer:

Account 1 with a Interest rate 2%, Interest compounded daily ♡ hope this helps ♡

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Lopez Corporation incurred the following costs while manufacturing its product.

IrinaK [193]

Answer:

(a) $353,400

(b) $375,200

Explanation:

Given that,

Materials used in product = $123,900

Advertising expense = $49,600

Depreciation on plant = 67,500

Property taxes on plant = 23,400

Property taxes on store = 8,420

Delivery expense = 24,000

Labor costs of assembly-line workers = 116,200

Sales commissions = 41,100

Factory supplies used = 24,600

Salaries paid to sales clerks = 53,000

(a) Cost of goods manufactured:

= Material used in product + Depreciation on plant + Labor costs of assembly-line workers + Factory supplies used + Property taxes on plant + Beginning Work in process inventory - Ending Work in process inventory

= $123,900 + $67,500 + $116,200 + $24,600 + $23,400 + $14,700 - $16,900

= $353,400

(b) Cost of goods sold:

= Cost of goods Manufactured + Opening finished goods - Closing finished goods

= $353,400 + $70,700 - $48,900

= $375,200

3 0

2 years ago

Jane decided to incorporate her business under the name of Star, Inc. Before Star was incorporated, Jane signed a contract with

BARSIC [14]

Answer:

D. Star will be liable on the contract only if it adopts the contract.

Explanation:

7 0

2 years ago

Following are transactions for Vitalo Company. Nov. 1 Accepted a $12,000, 180-day, 8% note from Kelly White in granting a time e

Fantom [35]

Answer:

Interest amounts at December 31st = $80

Interest amounts at April 30th = $160.

Explanation:

Total interest amount = $6,000 * 8% = $480

Since this is a time extension, we have 360 days (i.e. 180 * 2 = 360)

Interest amounts at December 31st (Nov. 1 - Dec. 31) = (60/360) * $480 = $80

Interest amounts at April 30th (Jan.1 - Apr. 30) = (120/360) * $480 = $160.

6 0

3 years ago

Read 2 more answers

At the present time, Andalusian Limited (AL) has 5-year noncallable bonds with a face value of $1,000 that are outstanding. Thes

maw [93]

Answer:

2.69%

Explanation:

According to the scenario, computation of the given data are as follows,

Face value (FV) = $1,000

Time period = 5 years

Present Value (PV) = $1,438.04

Coupon rate = 14%

Payment (pmt) = 14% × $1,000 = $140

So, by using excel function find YTM, we get

YTM = 4.13%

So, After Tax cost = Rate ( 1 - tax rate)

= 4.13% ( 1 - 35%)

= 4.13% × 65%

= 2.685% or 2.69%

Excel function is attached below.

3 0

3 years ago

Juan purchased an insurance policy on his house that did not protect against vandalism or burglary. An arsonist burned down the

son4ous [18]

Answer:

The insurance company should not pay as it is explained that the insurance policy did not cover against vandalism or theft, and a fire is the product of an act of vandalism.

Explanation:

To avoid this type of problem, there are the multi-risk policies of the home, which offer coverage for damages due to vandalism, to cover the damages caused by malicious intent by third parties. This coverage usually includes damages caused by people other than the policyholder, their relatives, employees or people living in the insured home. Some insurers include damages caused by tumultuarial actions in activities of meetings or demonstrations, as well as the existence of legal strikes, unless the aforementioned actions had the character of a mutiny or popular uproar. But we must consider that not all vandalism situations are covered by insurance, and situations such as graffiti, inscriptions, graffiti drawings are usually not covered, but depend on each specific policy.

7 0

3 years ago