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morpeh [17]
3 years ago
13

For each growth rate below, use the rule of 70 to calculate how long it will take incomes to double. Instructions: Round your an

swers to one decimal place. Years for incomes to double a. 1.4 percent b. 3.2 percent c. 4.9 percent d. 6.4 percent e. 7.5 percent
Business
1 answer:
STatiana [176]3 years ago
4 0

Answer:

Explanation:

Rule 70 is used to estimate how long it tales a cashflow amount to double.

The formula is as follows ;

Number of years = 70 / growth rate

<u>At 1.4% growth rate;</u>

Number of years = 70 / 1.4 = 50

<u>At 3.2% growth rate;</u>

Number of years = 70 / 3.2 = 21.88

<u>At 4.9% growth rate;</u>

Number of years = 70 / 4.9 = 14.29

<u>At 6.4% growth rate;</u>

Number of years = 70 / 6.4 = 10.94

<u>At 7.5% growth rate;</u>

Number of years = 70 / 7.5 = 9.33

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Answer:

d. Work-in-Process Inventory: Department no. 2.

Explanation:

The profuct is Transferred from Department 1 to Department 2. The cost in in the work in process of Department 1 which will be trasnferred to next department.

Following Journal entries will be recorded for this event.

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5 0
3 years ago
Risk management refers to the practice of identifying potential risks in advance, analyzing them and taking precautionary steps
allsm [11]

Answer:

True

Explanation:

Risk management is the practice of identification of number of risks that the organization faces and then assessing each of them. After assessment of the risks, the organization try to find ways to eliminate or reduce each single risk so that the business operations do not get affected. The precautionary measures can be simply avoid the risk, face the risk, share the risk (Insurance) and reduce the risk to acceptable level.

8 0
3 years ago
Which of the following will always be a relevant cost? Select one: a. Sunk cost b. Fixed cost c. Variable cost d. Opportunity co
Vsevolod [243]

Answer: Fixed Cost

Explanation: Fixed cost will always be a relevant cost because a business must incur fixed cost during the course of the business.

Fixed cost are cost that are not depended on sales or activity level of the organisation and they are incurred in as much as the business is operational.

Examples of fixed costs are:

Utilities, salaries, rent, depreciation etc.

Fixed costs has a high influence on the profit/ loss of any organisation.

3 0
3 years ago
"Mrs. Smith operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of pr
Molodets [167]

Answer:

Mrs.Smith should continue to operate the business in the short run but shut down in the long run.

Explanation:

According to the shut down rule, at the profit-maximizing positive level of output, a business in a competitive market should continue to operate in the short-term if the price equals to or is greater than the average variable cost, but should shut down in the long term if the price is less than or equal to total cost. Here,

price = $8.10

avg variable cost = $8.00

avg total cost = $8.25

Mrs.Smith should continue to operate the business in the short run but shut down in the long run.

6 0
3 years ago
Read 2 more answers
One of your customers has just made a purchase in the amount of $23,200. You have agreed to payments of $445 per month and will
Alja [10]

Answer:

85.43 months

Explanation:

Purchase = $23,200

Payment per month = $445

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Therefore the solution is:

$23,200 = $445[(1 − 1/1.0126^t) / .0126]

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3 0
3 years ago
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