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3 years ago

What is simply a spending plan that we create to help manage our money?

1 answer:

5 0

The correct answer for this question would be the term BUDGET. Budget is defined as simply a spending plan that we create to help manage our money. It is an itemized summary of likely income and expenses for a given period. The main aim of budget is to stay within certain financial limit. Hope this answers your question.

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Prior to the 1870s, both gold and silver were used as international means of payment and the exchange rates among currencies wer

SashulF [63]

Answer:

the exchange rate between U.S. dollar and German mark be under this system will be of 3 U$D = 1 german mark

Explanation:

We will use gold and silver as a mean to equalize both currencies:

First equivalence between silver and gold:

90 francs = 1 ounce of gold

9 franc = 1 ounce of silver

90/9 = 10 ounce of silver equals 1 ounce of gold.

Now, we convert the german mark to gold:

1 german mark = ounce of silver

10 german mark = ounce of gold.

Finally, we equalize with the US dollars:

30 dollar = ounce of gold = 10 german mark

30 dollars = 10 german mark

3 dollars = 1 german mark

4 0

3 years ago

What did some farmers do to try to raise crop prices?

shusha [124]

They traded with other farmers

6 0

3 years ago

For each of the following annuities, calculate the annual cash flow. (Enter rounded answers as directed, but do not use rounded

jeyben [28]

Answer:

(A) $ 2,602.34

(B) $ 4,156.97

(C) $ 8,233.47

(D) $ 46,796.64

Explanation:

We need to solve for the PMT of an ordinary annuity:

$FV \div \frac{(1+r)^{time} -1}{rate} = C\\$

(A)

FV 24,850

time 8

rate 0.05

$24850 \div \frac{(1+0.05)^{8}-1 }{0.05} = C\\$

C $ 2,602.337

(B)

FV 1,030,000

time: 43

rate 0.07

$1030000 \div \frac{(1+0.07)^{43} -1}{0.07} = C\\$

C $ 4,156.972

(C)

FV 856,000

time 29

rate 0.08

$856000 \div \frac{(1+0.08)^{29} -1}{0.08} = C\\$

C $ 8,233.466

(D)

FV 856,000

time 14

rate 0.04

$856000 \div \frac{(1+0.04)^{14} -1}{0.04} = C\\$

C $ 46,796.641

5 0

3 years ago

Calla Company produces skateboards that sell for $68 per unit. The company currently has the capacity to produce 95,000 skateboa

Alenkasestr [34]

Answer:

since the special order does not affect current normal sales, its analysis should only consider incremental expenses, not regular expenses:

A) Income statement without the special order

total revenue = $68 x 80,100 = $5,446,800

- COGS = ($2,446,880)

Direct materials $897,120
Direct labor $608,760
Overhead $941,000

gross profit = $2,999,920

- SG&A = ($1,022,000)

Selling exp. $559,000
Administrative exp. $463,000

net income = $1,977,920

B) incremental revenue from special order = 14,900 x $63 = $938,700

incremental costs:

direct materials = ($897,120 / 80,100 units) x 17,900 = $200,480
direct labor = ($608,760 / 80,100 units) x 17,900 = $136,040
overhead = ($658,700 / 80,100 units) x 17,900 = $147,200
selling expenses = [($335,400 / 80,100 units) x 17,900] + ($2.70 x 17,900) = $74,952 + $48,330 = $123,282
administrative expenses = $940
total incremental costs = $607,942

incremental gain from special order = $938,700 - $607,942 = $330,758

Income statement with the special order

total revenue = $6,385,500

- COGS = ($2,930,600)

Direct materials $1,097,600
Direct labor $744,800
Overhead $1,088,200

gross profit = $3,454,900

- SG&A = ($1,146,222)

Selling exp. $682,282
Administrative exp. $463,940

net income = $2,308,678

8 0

4 years ago

According to federal law, it is illegal to discriminate in any aspect of employment, including

nata0808 [166]

It's a I'm pretty sure...

7 0

3 years ago