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3 years ago

Select one of the statements about financial literacy that are not true.

Business

2 answers:

aleksley [76]3 years ago

8 0

All of the answers need to be selected.

wolverine [178]3 years ago

4 0

One reason to become financially literate is to make you rich.

Financial literacy, though extremely valuable, will not necessarily make you rich. Financial literacy is a tool for helping you make more more informed, more accurate financial decisions, which may save you money and will increase your knowledge of money and other financial topics. It may not increase your wealth to make you rich because this depends on a number of other factors, independent of the tools and resources provided by financial literacy.

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A shop that makes candles offers a blueberry scented candle which has daily demand of 10 boxes. Blueberry candles can be produce

Lostsunrise [7]

Answer:

E. 115 boxes.

Explanation:

d: 10 boxes/day

p: 36 boxes/day

n: 365 days

s: $60

H: $24 box/year

D: d*n

D= 10*365= 3650 boxes/year

EPQ = $\sqrt{2DS/H} *\sqrt{p/p-d}$

EPQ= $\sqrt{2*365*60/24} *\sqrt{36/36-10}$

EPQ= 158.96 = 159 units

I=Q/P * (p-d)

I=159/36 * (36-10)

I=114.83

115 boxes aproximately

7 0

3 years ago

Colgate-Palmolive Company reports the following balances in its retained earnings. ($ millions) 2010 2009 Retained earnings $14,

ahrayia [7]

Answer: $1,031 million

Explanation:

Given that,

Retained earnings(2010) = $14,329 million

Retained earnings(2009) = $13,157 million

Net income(2010) = $2,203 million

Amount of dividends = Retained earnings(2009) + Net income(2010) - Retained earnings(2010)

= $13,157 million + $2,203 million - $14,329 million

= $1,031 million

Therefore, amount of dividends did Colgate-Palmolive pay to its shareholders in 2010 is $1,031 million.

3 0

3 years ago

Read 2 more answers

Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made fro

il63 [147K]

Answer:

Determine the plantwide overhead rate for Laval using direct labor hours as a base.

1. Estimated overhead costs $800,000 $1.60 per direct labor hour

Estimated direct labor hours 500,000

2. Determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.

Direct Labor - Assembly $188,500

Direct Labor - Fabricating 395,200

Direct materials 270,000

Overhead 34,720

Total manufacturing costs 888,420

Units produced 22000

Manufacturing cost per unit 40.38

3. Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.

Departmental overhead rate

Fabricating 390000/152000 = 2.57 MH

Assembly 410000/290000 = 1.41 DLH

4. Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.

Direct materials 270000

Direct labor

Fabricating 188500

Assembly 395200

583700

Overhead

Fabricating (15000*2.57) 38550

Assembly (15200*1.41) 21432

59982

Total manufacturing cost 913682

Units produced 22000

Manufacturing cost per unit 41.53 per unit

8 0

3 years ago

There are 5 applicants for a job, all of whom have different qualifications. the employer is in a hurry, and does not interview

Alenkinab [10]

To choose the two best, we have a target of two candidates, A & B
The first one chosen is either A or B, with a propability of 2/5.
The second one is the only interested candidate out of 4, so 1/4.
So probability of choosing the best two is 2/5*1/4=1/10.

Alternatively, use the combination formula,
P(AB in any order) = 5!/(2!3!)=120/(2*6)=1/10
or in general,
n choose r = nCr = n!/(r!(n-r)!)

5 0

4 years ago

Successful business strategies generate value. Creating value lays the foundation for the important benefits that economies can

olya-2409 [2.1K]

The main thing which superior performance allows a firm to do is:

reinvest some of its profits in gaining more resources and thus grow.

<h3>What is Business Strategy?</h3>

This refers to the creation and maintenance of competitive advantage of a particular market against other competitors which gives a particular business an edge in the market.

With this n mind, we are told that successful business strategies generate value and then if they are able to leverage on this, then they can reinvest the profits.

Read more about business strategies here:
brainly.com/question/25686320

6 0

2 years ago