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4 years ago

I want to study accounting at levels 2 and 3. What can you offer me in my choice of subjects? Would this come under 'Business'?

Business

1 answer:

gladu [14]4 years ago

3 0

Answer:Yes.

Explanation:The only accounting you will ever do unless it's private for yourself is going to be for a business learning how they work can help you.

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The _______ provides loans to poorer nations for economic development.

BabaBlast [244]

World bank provides them loan if their economic balance is negative for certain time

4 0

4 years ago

he Gilbert Department Store uses the conventional retail inventory method. The following information is available for the month

raketka [301]

Answer:

$52,500

Explanation:

As per given data

Cost Retail

Beginning Inventory $30,000 $45,000

Cost of Goods Available for Sale $150,000 $180,000

Net Markups $25,000

Net Markdowns $10,000

Sales $170,000

As we do not have the ending inventory value, First we need to calculate it. We will make the selling price of all the available inventory at retail value then deducting the actual sales we will have the retail value of available stock. By applying the cost to retail ratio we can calculate the value of ending Inventory.

Cost Retail

Beginning Inventory $30,000 $45,000

Cost of Goods Available for Sale $150,000 $180,000

Total Goods Available for sale $180,000 $225,000

+ Net Markups $25,000

- Net Markdowns $10,000

Sales price of Goods $180,000 $240,000

- Sales $170,000

Ending Inventory at retail $70,000

Now calculate the cost to retail ratio to determine the ending value of inventory at conventional inventory method.

Cost to retail ratio = ( Sale price of goods at cost / Sale price of goods at retail ) x 100 = ( $180,000 / $240,000) x 100 = 75%

Value of Ending inventory at conventional method = $70,000 x 75% = $52,500

6 0

3 years ago

An economist resigns her $100,000/year university teaching position to work fulltime in her own consulting business. In the firs

lilavasa [31]

Answer:

ii. Her accounting profit was $150,000

iii. Her economic profit was $50,000

Explanation:

The computation is shown below:

For accounting profit, it is

= Total revenues - total expenses i.e explicit cost

= $250,000 - $100,000

= $150,000

And, for economic profit

= Total revenues - total cost i.e explicit and implicit cost

= $250,000 - $100,000 - $100,000

= $50,000

Hence, the second and third options are correct

7 0

3 years ago

An actuary is a person who assesses various forms of risk. Based on past data, the holder of an automobile insurance policy pays

Likurg_2 [28]

Answer:

With this policy throughout the long run, the insurance company will make money. A further explanation is provided below.

Explanation:

According to the given values in the question,

The expected value will be:

⇒ $E(value) = Sum \ of \ (x\times P(x))$

By putting all the given values, we get

⇒ $=1000\times 0.05+5000\times 0.02+25000\times 0.01+0\times 0.92$

⇒ $=50+100+250+0$

⇒ $=400$ ($)

As we can see that,

$E(value)$

$400$

Thus the above is the correct answer.

8 0

3 years ago

Suppose you borrow $2,000 for one year and at the end of the year you repay the $2,000 plus $110 of interest. If the expected

UkoKoshka [18]

Answer:

b. 3.3%

Explanation:

The nominal interest rate is 5.5%, (110/2000*100), and the inflation was 2.2%

The shortest way to calculate real interest rate is to subtract the inflation from the nominal interest rate, in this case

5.5% - 2.%2 = 3.3%

6 0

4 years ago