Explanation:
what this means is it is asking what kind of job or career you want to be. an example is :
i want my career to be a doctor.
so basically this is just a fancy word for job.
Annual interest rate
(380,000÷62,000)^(1÷16)−1
=0.1199×100=11.99%
Answer:
The tennis department relevant costs (avoidable costs) are variable manufacturing costs ($400,000) and product design ($110,000).
Explanation:
First of all Chris Co. should eliminate its surfing department (since it is not profitable) only if it can use their production facilities to make something else that does generate profit or just sell that facility.
surfing department net profit = $500,000 - $610,000 = -$110,000 or $110,000 net loss
The department's major loss comes from the allocation of $100,000 in facility level costs, but these costs are not relevant or avoidable. Relevant costs are costs that can be avoided by making a business decision like closing a business department.
Answer:
The retirement of bonds includes a credit of $6 million to gain account.
Explanation:
Gain on retirement = Book value of bonds - Market value of bonds
Gain on retirement = $42 million - $36 million
Gain on retirement = $6 million
Answer:
Process B should be used.
Explanation:
Total Cost = Fixed Cost + Variable Cost
Total Cost = Fixed Cost + (Average Variable Cost)x(Quantity)
Process A : TC = 2000 + (3)x(6000) = 2000 + 18000
= $ 20000
Process B : TC = 4000 + (2.60)x(6000) = 4000 + 15600
= $ 19600
Process C : TC = 8000 + (2.40)x(6000) = 8000 + 14400
= $ 22400
Since Total Cost for producing 6000 units quantity demanded is least by Process B , Process B should be used .
