Answer:
The total cost of the phone is $1,270.56
Explanation:
The total cost of the phone is computed as:
Total cost = Cost of phone for 2 years + Cost of warranty coverage for 2 years
where
Firstly, the cost of phone for 2 years is computed as:
Cost of phone =( For first year) Per month Cost × 12 months +( For second year ) Per month Cost × 12 months
= $39.95 × 12 + $39.95 × 12
= $ 479.4 + $479.4
=$958.8
Then, the Cost of warranty coverage for 2 years is computed as:
Cost of warranty = ( For first year) Per month Cost × 12 months +( For second year ) Per month Cost × 12 months
= $12.99 × 12 + $12.99 × 12
= 155.88 + $155.88
= $311.76
Therefore, the total cost would be:
Total cost = $958. 8 + $311.76
= $1,270.56
Answer:
QUESTION 1:
The horizontal axis measures an economy's real GDP- 3
QUESTION 2:
As price level rises, imports become relatively cheaper than domestically produced goods- 1
Explanation:
QUESTION 1
The horizontal axis of the aggregate demand and aggregate supply measures an economy's real GDP. The GDP is the sum of all the final goods and services produced in the economy while the vertical axis of an aggregate supply and aggregate demand diagram measures the price index level.
QUESTION 2
When domestic interest rate is low compared to foreign interest rates, domestic investors invest in foreign countries where return on investments is higher. Increased outflow of currency to foreign countries, causes a decrease in real exchange rate. This decrease, increases net exports. This then, increases aggregate demand. As the price level drops, interest rates fall, investment in foreign countries becomes increased, real exchange rate falls, net exports increases and the aggregate demand then increases.
Answer:
Retained Earnings increased $28,650 in 2016.
Explanation:
The total increase in Retained Earnings account = Net income = $80,000;
The total decrease in Retained Earnings account = Dividend paid to common shares + Dividend paid to preferred shares = Dividend per common share x Number of common share outstanding + % dividend on preferred stock x par value of preferred stock x number of preferred stock outstanding = 0.75 x 65,000 + 2% x (130,000 / 13,000) x 13,000 = $51,350;
So, Net effect on Retained Earnings Account = $80,000 - $51,350 = $28,650 ( increase).
Answer:
It is choosing goals and deciding how to achieve them (D)
Explanation:
As part of the planning process, managerial accountant guides management during goals and objectives formulation for the organization .
Management accounting provides past, futuristic and external information that can help management make informed planning and decision as regard setting various organizational goals and objectives including financial, operational ,strategic,market goal etc a
